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 122nd out of 150 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% |
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
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (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 122nd out of 150 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.