Deposit money banks'' assets to GDP in Iceland
Iceland: Deposit money banks'' assets to GDP was 111.3% in 2021. ◆ Volatile
Deposit money banks'' assets to GDP in Iceland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Iceland recorded 111.3% for deposit money banks'' assets to gdp in 2021.
Compared with earlier readings it is down 0.2% on the previous year and down 26.8% over ten years.
Over the whole period, deposit money banks'' assets to gdp in Iceland peaked at 305.2% in 2006 and was at its lowest, 24.3%, in 1978.
That places Iceland 31st out of 187 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit money banks'' assets to GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 46.7% | — |
| 1961 | 44.7% | -4.3% |
| 1962 | 41.9% | -6.3% |
| 1963 | 40.3% | -3.8% |
| 1964 | 31.2% | -22.7% |
| 1965 | 32.7% | +5.0% |
| 1966 | 31.9% | -2.5% |
| 1967 | 38.7% | +21.2% |
| 1968 | 40.5% | +4.7% |
| 1969 | 34.3% | -15.4% |
| 1970 | 31.3% | -8.7% |
| 1971 | 30.3% | -3.2% |
| 1972 | 29.6% | -2.5% |
| 1973 | 28.6% | -3.1% |
| 1974 | 31.1% | +8.7% |
| 1975 | 28.7% | -7.8% |
| 1976 | 26.1% | -8.9% |
| 1977 | 25.3% | -3.1% |
| 1978 | 24.3% | -4.0% |
| 1979 | 26.0% | +7.1% |
| 1980 | 26.9% | +3.4% |
| 1981 | 29.6% | +9.9% |
| 1982 | 36.7% | +24.1% |
| 1983 | 38.7% | +5.4% |
| 1984 | 39.8% | +3.0% |
| 1985 | 38.3% | -3.9% |
| 1986 | 33.2% | -13.2% |
| 1987 | 36.2% | +8.8% |
| 1988 | 40.4% | +11.7% |
| 1989 | 48.0% | +18.9% |
| 1990 | 46.6% | -3.1% |
| 1991 | 47.6% | +2.2% |
| 1992 | 51.1% | +7.4% |
| 1993 | 52.4% | +2.6% |
| 1994 | 48.2% | -8.0% |
| 1995 | 47.8% | -0.8% |
| 1996 | 50.6% | +5.8% |
| 1997 | 67.0% | +32.3% |
| 1998 | 63.4% | -5.3% |
| 1999 | 72.1% | +13.7% |
| 2000 | 94.1% | +30.6% |
| 2001 | 98.2% | +4.3% |
| 2002 | 101.6% | +3.5% |
| 2003 | 127.1% | +25.1% |
| 2004 | 158.3% | +24.5% |
| 2005 | 240.3% | +51.8% |
| 2006 | 305.2% | +27.0% |
| 2007 | 250.8% | -17.9% |
| 2008 | 198.4% | -20.9% |
| 2009 | 190.6% | -3.9% |
| 2010 | 176.2% | -7.6% |
| 2011 | 151.9% | -13.8% |
| 2012 | 132.1% | -13.1% |
| 2013 | 120.0% | -9.1% |
| 2014 | 108.6% | -9.5% |
| 2015 | 100.3% | -7.6% |
| 2016 | 94.0% | -6.3% |
| 2017 | 93.0% | -1.1% |
| 2018 | 95.1% | +2.3% |
| 2019 | 91.8% | -3.5% |
| 2020 | 111.5% | +21.4% |
| 2021 | 111.3% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.3% | 31.2% | 46.7% | 10 |
| 1970s | 28.1% | 24.3% | 31.3% | 10 |
| 1980s | 36.8% | 26.9% | 48.0% | 10 |
| 1990s | 54.7% | 46.6% | 72.1% | 10 |
| 2000s | 176.5% | 94.1% | 305.2% | 10 |
| 2010s | 116.3% | 91.8% | 176.2% | 10 |
| 2020s | 111.4% | 111.3% | 111.5% | 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 deposit money banks'' assets to gdp in Iceland?
- Deposit money banks'' assets to gdp in Iceland was 111.3% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest deposit money banks'' assets to gdp recorded in Iceland?
- The highest recorded value was 305.2% in 2006.
- What is the lowest deposit money banks'' assets to gdp recorded in Iceland?
- The lowest recorded value was 24.3% in 1978.
- How does Iceland rank for deposit money banks'' assets to gdp?
- Iceland ranks 31st out of 187 countries with data for 2021.
- Is deposit money banks'' assets to gdp rising or falling in Iceland?
- Over the last ten years it is down 26.8%. 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 Deposit money banks'' 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 deposit money banks 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 deposit money 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. Deposit money bank assets (IFS lines 22, 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).