Bank Z-score in Iceland
Iceland: Bank Z-score was 1.28 in 2021. ◆ Volatile
Bank Z-score in Iceland, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD).
Analysis
The most recent figure for bank z-score in Iceland is 1.28, measured in 2021.
Compared with earlier readings it is up 3.8% on the previous year and up 15.1% over ten years.
Over the whole period, bank z-score in Iceland peaked at 5.47 in 2015 and was at its lowest, 0.4461, in 2000.
Iceland ranks 170th of 170 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Bank Z-score in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.4461 | — |
| 2001 | 0.5109 | +14.5% |
| 2009 | 1.1 | +115.7% |
| 2010 | 1.36 | +23.8% |
| 2011 | 1.11 | -18.8% |
| 2012 | 1.37 | +23.9% |
| 2013 | 1.45 | +5.4% |
| 2014 | 1.6 | +10.8% |
| 2015 | 5.47 | +240.7% |
| 2016 | 1.67 | -69.5% |
| 2017 | 1.56 | -6.6% |
| 2018 | 1.35 | -13.3% |
| 2019 | 1.3 | -3.4% |
| 2020 | 1.23 | -5.6% |
| 2021 | 1.28 | +3.8% |
Iceland compared with similar countries
- Iceland's 1.28 is below the median for high income countries, which is 15.34, 8% of the median. (63 countries reporting)
- Iceland's 1.28 is below the median for Europe & Central Asia, which is 11.21, 11% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Bank Z-score in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +240.7% | 1.6 | 5.47 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6864 | 0.4461 | 1.1 | 3 |
| 2010s | 1.82 | 1.11 | 5.47 | 10 |
| 2020s | 1.25 | 1.23 | 1.28 | 2 |
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 z-score in Iceland?
- Bank z-score in Iceland was 1.28 in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank z-score recorded in Iceland?
- The highest recorded value was 5.47 in 2015.
- What is the lowest bank z-score recorded in Iceland?
- The lowest recorded value was 0.4461 in 2000.
- How does Iceland rank for bank z-score?
- Iceland ranks 170th out of 170 countries with data for 2021.
- Is bank z-score rising or falling in Iceland?
- Over the last ten years it is up 15.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank Z-score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.