Bank nonperforming loans to total gross loans (%) in Iceland
Iceland: Bank nonperforming loans to total gross loans (%) was 1.6% in 2025. ▼ Falling
Bank nonperforming loans to total gross loans in Iceland, 2015–2025
Source: Financial Soundness Indicators, International Monetary Fund (IMF). Measured in %.
Analysis
In 2025, bank nonperforming loans to total gross loans in Iceland stood at 1.6%.
The figure is down 23.0% on the previous year and down 73.3% over ten years.
Over the whole period, bank nonperforming loans to total gross loans in Iceland peaked at 5.9% in 2015 and was at its lowest, 1.4%, in 2022.
That places Iceland 123rd out of 151 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Bank nonperforming loans to total gross loans (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2015 | 5.9% | — |
| 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% |
| 2021 | 2.1% | -29.0% |
| 2022 | 1.4% | -32.1% |
| 2023 | 1.6% | +12.8% |
| 2024 | 2.0% | +28.5% |
| 2025 | 1.6% | -23.0% |
Iceland compared with similar countries
- Iceland's 1.6% is below the median for high income countries, which is 2.0%, 77% of the median. (58 countries reporting)
- Iceland's 1.6% is below the median for Europe & Central Asia, which is 2.2%, 70% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.7% | 2.5% | 5.9% | 5 |
| 2020s | 1.9% | 1.4% | 2.9% | 6 |
Countries ranked near Iceland
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank nonperforming loans to total gross loans in Iceland?
- Bank nonperforming loans to total gross loans in Iceland was 1.6% in 2025, according to Financial Soundness Indicators, International Monetary Fund (IMF).
- What is the highest bank nonperforming loans to total gross loans recorded in Iceland?
- The highest recorded value was 5.9% in 2015.
- What is the lowest bank nonperforming loans to total gross loans recorded in Iceland?
- The lowest recorded value was 1.4% in 2022.
- How does Iceland rank for bank nonperforming loans to total gross loans?
- Iceland ranks 123rd out of 151 countries with data for 2025.
- Is bank nonperforming loans to total gross loans rising or falling in Iceland?
- Over the last ten years it is down 73.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Financial Soundness Indicators, International Monetary Fund (IMF), published as part of Bank nonperforming loans to total gross loans (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The indicator measures the proportion of a deposit taker’s loan portfolio that is impaired or at risk of default. It is calculated as the ratio of non-performing loans (NPLs) to total gross loans, where NPLs are defined as loans that are past due by 90 days or more or are otherwise considered unlikely to be repaid in full without the realization of collateral. Both non-performing loans and total gross loans should be reported at their gross book value, without deducting for loan-loss provisions or collateral. This indicator provides a key measure of asset quality and potential credit risk in the banking system.