Commercial bank branches in Iceland
Iceland: Commercial bank branches was 20.44 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Iceland, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
In 2024, commercial bank branches in Iceland stood at 20.44 per 100,000 adults. That is the lowest value across all 21 years on record.
That represents a change of down 12.2% on the previous year and down 49.3% over ten years.
Over the whole period, commercial bank branches in Iceland peaked at 90.99 per 100,000 adults in 2004 and was at its lowest, 20.44 per 100,000 adults, in 2024.
Iceland ranks 41st of 185 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in Iceland, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 90.99 per 100,000 adults | — |
| 2005 | 86.05 per 100,000 adults | -5.4% |
| 2006 | 77.2 per 100,000 adults | -10.3% |
| 2007 | 72.82 per 100,000 adults | -5.7% |
| 2008 | 69.29 per 100,000 adults | -4.8% |
| 2009 | 60.73 per 100,000 adults | -12.4% |
| 2010 | 57.66 per 100,000 adults | -5.1% |
| 2011 | 52.27 per 100,000 adults | -9.4% |
| 2012 | 47.19 per 100,000 adults | -9.7% |
| 2013 | 43.17 per 100,000 adults | -8.5% |
| 2014 | 40.31 per 100,000 adults | -6.6% |
| 2015 | 36.36 per 100,000 adults | -9.8% |
| 2016 | 35.35 per 100,000 adults | -2.8% |
| 2017 | 34.39 per 100,000 adults | -2.7% |
| 2018 | 31.22 per 100,000 adults | -9.2% |
| 2019 | 30.08 per 100,000 adults | -3.6% |
| 2020 | 27.87 per 100,000 adults | -7.4% |
| 2021 | 26.39 per 100,000 adults | -5.3% |
| 2022 | 25.34 per 100,000 adults | -4.0% |
| 2023 | 23.27 per 100,000 adults | -8.2% |
| 2024 | 20.44 per 100,000 adults | -12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76.18 per 100,000 adults | 60.73 per 100,000 adults | 90.99 per 100,000 adults | 6 |
| 2010s | 40.8 per 100,000 adults | 30.08 per 100,000 adults | 57.66 per 100,000 adults | 10 |
| 2020s | 24.66 per 100,000 adults | 20.44 per 100,000 adults | 27.87 per 100,000 adults | 5 |
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 commercial bank branches in Iceland?
- Commercial bank branches in Iceland was 20.44 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Iceland?
- The highest recorded value was 90.99 per 100,000 adults in 2004.
- What is the lowest commercial bank branches recorded in Iceland?
- The lowest recorded value was 20.44 per 100,000 adults in 2024.
- How does Iceland rank for commercial bank branches?
- Iceland ranks 41st out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Iceland?
- Over the last ten years it is down 49.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.