Domestic credit to private sector in Iceland
Iceland: Domestic credit to private sector was 89.2% in 2025. ◆ Volatile
Domestic credit to private sector in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Iceland is 89.2%, measured in 2025.
Compared with earlier readings it is down 2.0% on the previous year and up 3.4% over ten years.
Over the whole period, domestic credit to private sector in Iceland peaked at 301.0% in 2006 and was at its lowest, 23.4%, in 1978.
Iceland ranks 29th of 187 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 44.6% | — |
| 1961 | 42.7% | -4.2% |
| 1962 | 40.0% | -6.3% |
| 1963 | 38.5% | -3.8% |
| 1964 | 29.8% | -22.6% |
| 1965 | 31.4% | +5.3% |
| 1966 | 30.7% | -2.2% |
| 1967 | 34.9% | +13.8% |
| 1968 | 37.1% | +6.4% |
| 1969 | 32.7% | -11.8% |
| 1970 | 31.2% | -4.8% |
| 1971 | 30.0% | -3.8% |
| 1972 | 28.3% | -5.7% |
| 1973 | 27.4% | -3.2% |
| 1974 | 29.8% | +8.9% |
| 1975 | 27.5% | -7.6% |
| 1976 | 25.0% | -9.1% |
| 1977 | 24.3% | -2.8% |
| 1978 | 23.4% | -3.8% |
| 1979 | 25.0% | +6.8% |
| 1980 | 25.7% | +2.6% |
| 1981 | 28.1% | +9.6% |
| 1982 | 34.9% | +24.2% |
| 1983 | 36.7% | +5.2% |
| 1984 | 38.1% | +3.6% |
| 1985 | 36.6% | -3.8% |
| 1986 | 31.9% | -12.9% |
| 1987 | 34.3% | +7.4% |
| 1988 | 38.2% | +11.5% |
| 1989 | 44.3% | +15.9% |
| 1990 | 40.4% | -8.7% |
| 1991 | 41.6% | +2.9% |
| 1992 | 44.6% | +7.2% |
| 1993 | 44.6% | -0.0% |
| 1994 | 42.5% | -4.6% |
| 1995 | 43.9% | +3.3% |
| 1996 | 46.4% | +5.7% |
| 1997 | 63.8% | +37.5% |
| 1998 | 61.4% | -3.7% |
| 1999 | 70.0% | +14.0% |
| 2000 | 92.4% | +32.0% |
| 2001 | 94.1% | +1.9% |
| 2002 | 99.5% | +5.8% |
| 2003 | 123.7% | +24.3% |
| 2004 | 156.2% | +26.3% |
| 2005 | 235.5% | +50.7% |
| 2006 | 301.0% | +27.8% |
| 2007 | 243.2% | -19.2% |
| 2008 | 191.0% | -21.5% |
| 2009 | 171.8% | -10.0% |
| 2010 | 157.6% | -8.3% |
| 2011 | 134.9% | -14.4% |
| 2012 | 116.3% | -13.7% |
| 2013 | 106.4% | -8.5% |
| 2014 | 93.3% | -12.3% |
| 2015 | 86.3% | -7.4% |
| 2016 | 83.0% | -3.8% |
| 2017 | 85.7% | +3.2% |
| 2018 | 89.5% | +4.5% |
| 2019 | 87.7% | -2.0% |
| 2020 | 98.4% | +12.2% |
| 2021 | 99.5% | +1.1% |
| 2022 | 93.0% | -6.5% |
| 2023 | 88.3% | -5.1% |
| 2024 | 91.1% | +3.2% |
| 2025 | 89.2% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.2% | 29.8% | 44.6% | 10 |
| 1970s | 27.2% | 23.4% | 31.2% | 10 |
| 1980s | 34.9% | 25.7% | 44.3% | 10 |
| 1990s | 49.9% | 40.4% | 70.0% | 10 |
| 2000s | 170.8% | 92.4% | 301.0% | 10 |
| 2010s | 104.1% | 83.0% | 157.6% | 10 |
| 2020s | 93.3% | 88.3% | 99.5% | 6 |
Countries ranked near Iceland
- 26 Finland 92.0% compare
- 27 Nepal 90.5% compare
- 28 South Africa 89.4% compare
- 30 Luxembourg 85.1% compare
- 31 Netherlands 82.3% compare
- 32 Austria 81.8% 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 domestic credit to private sector in Iceland?
- Domestic credit to private sector in Iceland was 89.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Iceland?
- The highest recorded value was 301.0% in 2006.
- What is the lowest domestic credit to private sector recorded in Iceland?
- The lowest recorded value was 23.4% in 1978.
- How does Iceland rank for domestic credit to private sector?
- Iceland ranks 29th out of 187 countries with data for 2025.
- Is domestic credit to private sector rising or falling in Iceland?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.