Credit to government and state-owned enterprises to GDP in Iceland
Iceland: Credit to government and state-owned enterprises to GDP was 11.2% in 2020. ◆ Volatile
Credit to government and state-owned enterprises to GDP in Iceland, 1980–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, credit to government and state-owned enterprises to gdp in Iceland stood at 11.2%.
Compared with earlier readings it is up 213.4% on the previous year and down 32.7% over ten years.
Over the whole period, credit to government and state-owned enterprises to gdp in Iceland peaked at 18.0% in 2009 and was at its lowest, 0.3%, in 1986.
That places Iceland 92nd out of 178 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to government and state-owned enterprises to GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 0.4% | — |
| 1981 | 0.6% | +32.2% |
| 1982 | 0.7% | +15.2% |
| 1983 | 0.8% | +14.6% |
| 1984 | 0.5% | -39.3% |
| 1985 | 0.4% | -16.1% |
| 1986 | 0.3% | -28.2% |
| 1987 | 0.8% | +204.0% |
| 1988 | 1.0% | +18.5% |
| 1989 | 2.5% | +146.3% |
| 1990 | 4.9% | +97.0% |
| 1991 | 4.6% | -5.3% |
| 1992 | 5.0% | +9.2% |
| 1993 | 6.4% | +26.0% |
| 1994 | 4.3% | -32.6% |
| 1995 | 2.5% | -42.2% |
| 1996 | 2.7% | +8.1% |
| 1997 | 2.0% | -26.5% |
| 1998 | 1.0% | -47.1% |
| 1999 | 1.1% | +7.4% |
| 2000 | 0.6% | -48.0% |
| 2001 | 1.9% | +226.8% |
| 2002 | 1.1% | -44.3% |
| 2003 | 2.0% | +85.1% |
| 2004 | 0.5% | -75.8% |
| 2005 | 0.7% | +53.0% |
| 2006 | 0.7% | -7.6% |
| 2007 | 7.6% | +1038.6% |
| 2008 | 5.6% | -27.0% |
| 2009 | 18.0% | +224.1% |
| 2010 | 16.6% | -8.0% |
| 2011 | 15.6% | -6.2% |
| 2012 | 14.3% | -8.3% |
| 2013 | 12.8% | -9.9% |
| 2014 | 14.4% | +11.8% |
| 2015 | 13.1% | -8.8% |
| 2016 | 9.8% | -25.0% |
| 2017 | 6.2% | -36.9% |
| 2018 | 4.2% | -31.8% |
| 2019 | 3.6% | -15.8% |
| 2020 | 11.2% | +213.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.8% | 0.3% | 2.5% | 10 |
| 1990s | 3.5% | 1.0% | 6.4% | 10 |
| 2000s | 3.9% | 0.5% | 18.0% | 10 |
| 2010s | 11.1% | 3.6% | 16.6% | 10 |
| 2020s | 11.2% | 11.2% | 11.2% | 1 |
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 credit to government and state-owned enterprises to gdp in Iceland?
- Credit to government and state-owned enterprises to gdp in Iceland was 11.2% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest credit to government and state-owned enterprises to gdp recorded in Iceland?
- The highest recorded value was 18.0% in 2009.
- What is the lowest credit to government and state-owned enterprises to gdp recorded in Iceland?
- The lowest recorded value was 0.3% in 1986.
- How does Iceland rank for credit to government and state-owned enterprises to gdp?
- Iceland ranks 92nd out of 178 countries with data for 2020.
- Is credit to government and state-owned enterprises to gdp rising or falling in Iceland?
- Over the last ten years it is down 32.7%. 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 Credit to government and state-owned enterprises to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. (IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF).