Bank non-performing loans to gross loans in Iceland
Iceland: Bank non-performing loans to gross loans was 2.9% in 2020. ◆ Volatile
Bank non-performing loans to gross loans in Iceland, 1998–2020
Source: Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF). Measured in %.
Analysis
Iceland recorded 2.9% for bank non-performing loans to gross loans in 2020.
Compared with earlier readings it is down 0.9% on the previous year and down 79.4% over ten years.
Over the whole period, bank non-performing loans to gross loans in Iceland peaked at 14.1% in 2009 and was at its lowest, 0.8%, in 2006.
That places Iceland 89th out of 141 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank non-performing loans to gross loans in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 2.4% | — |
| 1999 | 2.5% | +4.2% |
| 2000 | 1.5% | -40.0% |
| 2001 | 1.2% | -20.0% |
| 2002 | 2.6% | +116.7% |
| 2003 | 2.1% | -19.2% |
| 2004 | 0.9% | -57.1% |
| 2005 | 1.1% | +22.2% |
| 2006 | 0.8% | -27.3% |
| 2009 | 14.1% | +1662.5% |
| 2015 | 5.9% | -58.5% |
| 2016 | 4.1% | -29.6% |
| 2017 | 2.9% | -30.5% |
| 2018 | 2.5% | -12.2% |
| 2019 | 2.9% | +16.5% |
| 2020 | 2.9% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 2.4% | 2.5% | 2 |
| 2000s | 3.0% | 0.8% | 14.1% | 8 |
| 2010s | 3.7% | 2.5% | 5.9% | 5 |
| 2020s | 2.9% | 2.9% | 2.9% | 1 |
Countries ranked near Iceland
More financial sector data for Iceland
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.36 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1281 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 12,597 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 13.81 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 13,870 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 15 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 14,388 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 14.94 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 10.27 % change on previous year (2025)
Frequently asked questions
- What is bank non-performing loans to gross loans in Iceland?
- Bank non-performing loans to gross loans in Iceland was 2.9% in 2020, according to Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF).
- What is the highest bank non-performing loans to gross loans recorded in Iceland?
- The highest recorded value was 14.1% in 2009.
- What is the lowest bank non-performing loans to gross loans recorded in Iceland?
- The lowest recorded value was 0.8% in 2006.
- How does Iceland rank for bank non-performing loans to gross loans?
- Iceland ranks 89th out of 141 countries with data for 2020.
- Is bank non-performing loans to gross loans rising or falling in Iceland?
- Over the last ten years it is down 79.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF), published as part of Bank non-performing loans to gross loans (%). Statizoid updates them automatically from the source API.
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About this data
Reported by IMF staff. Note that due to differences in national accounting, taxation, and supervisory regimes, these data are not strictly comparable across countries.