Central bank assets to GDP (%) in Iceland
Iceland: Central bank assets to GDP (%) was 0.7% in 2021. ◆ Volatile
Central bank assets to GDP in Iceland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, central bank assets to gdp in Iceland stood at 0.7%.
Compared with earlier readings it is up 154.5% on the previous year and down 93.8% over ten years.
Over the whole period, central bank assets to gdp in Iceland peaked at 17.0% in 2008 and was at its lowest, 0.0%, in 2005.
That places Iceland 149th out of 183 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Central bank assets to GDP (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 4.1% | — |
| 1961 | 7.1% | +72.4% |
| 1962 | 6.9% | -2.9% |
| 1963 | 5.7% | -16.9% |
| 1964 | 2.5% | -56.7% |
| 1965 | 2.7% | +10.0% |
| 1966 | 1.4% | -49.7% |
| 1967 | 2.5% | +79.2% |
| 1968 | 4.3% | +73.5% |
| 1969 | 4.0% | -4.9% |
| 1970 | 4.7% | +15.3% |
| 1971 | 3.1% | -33.2% |
| 1972 | 2.4% | -22.9% |
| 1973 | 2.9% | +20.0% |
| 1974 | 4.4% | +51.4% |
| 1975 | 6.4% | +46.8% |
| 1976 | 5.4% | -15.4% |
| 1977 | 4.6% | -14.4% |
| 1978 | 5.1% | +10.7% |
| 1979 | 4.1% | -19.8% |
| 1980 | 2.9% | -28.5% |
| 1981 | 2.3% | -22.7% |
| 1982 | 1.6% | -28.3% |
| 1983 | 3.1% | +88.1% |
| 1984 | 3.1% | +0.2% |
| 1985 | 3.9% | +27.8% |
| 1986 | 2.1% | -47.5% |
| 1987 | 3.0% | +44.4% |
| 1988 | 4.2% | +42.2% |
| 1989 | 3.6% | -14.7% |
| 1990 | 1.5% | -57.7% |
| 1991 | 2.8% | +80.6% |
| 1992 | 1.8% | -36.8% |
| 1993 | 3.1% | +79.3% |
| 1994 | 5.6% | +77.9% |
| 1995 | 4.1% | -26.6% |
| 1996 | 2.2% | -45.5% |
| 1997 | 2.4% | +8.5% |
| 1998 | 0.8% | -64.9% |
| 1999 | 0.6% | -26.2% |
| 2000 | 0.7% | +4.1% |
| 2001 | 0.3% | -51.8% |
| 2002 | 0.2% | -28.4% |
| 2003 | 0.1% | -57.1% |
| 2004 | 0.0% | -82.8% |
| 2005 | 0.0% | -25.9% |
| 2006 | 0.0% | +299.4% |
| 2007 | 0.3% | +531.3% |
| 2008 | 17.0% | +5370.8% |
| 2009 | 10.2% | -40.1% |
| 2010 | 10.1% | -0.2% |
| 2011 | 10.9% | +7.2% |
| 2012 | 10.0% | -8.0% |
| 2013 | 9.1% | -8.9% |
| 2014 | 7.4% | -19.3% |
| 2015 | 4.3% | -42.1% |
| 2016 | 1.6% | -61.8% |
| 2017 | 2.1% | +29.3% |
| 2019 | 0.0% | -97.8% |
| 2020 | 0.3% | +484.1% |
| 2021 | 0.7% | +154.5% |
Iceland compared with similar countries
- Iceland's 0.7% is below the median for high income countries, which is 5.7%, 12% of the median. (59 countries reporting)
- Iceland's 0.7% is below the median for Europe & Central Asia, which is 3.6%, 19% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Central bank assets to GDP (%) 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 |
|---|---|---|---|
| 2008 | +5370.8% | 0.3% | 17.0% |
| 2007 | +531.3% | 0.0% | 0.3% |
| 2020 | +484.1% | 0.0% | 0.3% |
| 2006 | +299.4% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.1% | 1.4% | 7.1% | 10 |
| 1970s | 4.3% | 2.4% | 6.4% | 10 |
| 1980s | 3.0% | 1.6% | 4.2% | 10 |
| 1990s | 2.5% | 0.6% | 5.6% | 10 |
| 2000s | 2.9% | 0.0% | 17.0% | 10 |
| 2010s | 6.2% | 0.0% | 10.9% | 9 |
| 2020s | 0.5% | 0.3% | 0.7% | 2 |
Countries ranked near Iceland
- 146 Malaysia 0.8% compare
- 147 South Africa 0.8% compare
- 148 Estonia 0.7% compare
- 150 Kyrgyzstan 0.6% compare
- 151 United Kingdom 0.5% compare
- 152 Peru 0.5% compare
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 central bank assets to gdp in Iceland?
- Central bank assets to gdp in Iceland was 0.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest central bank assets to gdp recorded in Iceland?
- The highest recorded value was 17.0% in 2008.
- What is the lowest central bank assets to gdp recorded in Iceland?
- The lowest recorded value was 0.0% in 2005.
- How does Iceland rank for central bank assets to gdp?
- Iceland ranks 149th out of 183 countries with data for 2021.
- Is central bank assets to gdp rising or falling in Iceland?
- Over the last ten years it is down 93.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Central bank assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by the Central Bank as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is Central Bank claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Central Bank claims (IFS lines 12, a-d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).