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% |
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 of Great Britain and Northern Ireland 0.5% compare
- 152 Peru 0.5% compare
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 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).