External loans and deposits of reporting banks vis-à-vis the banking in Iceland
Iceland: External loans and deposits of reporting banks vis-à-vis the banking was 6.5% in 2021. ◆ Volatile
External loans and deposits of reporting banks vis-à-vis the banking in Iceland, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
Iceland recorded 6.5% for external loans and deposits of reporting banks vis-à-vis the banking in 2021. That is the lowest value across all 27 years on record.
The figure is down 33.4% on the previous year and down 55.5% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the banking in Iceland peaked at 104.8% in 2006 and was at its lowest, 6.5%, in 2021.
That places Iceland 120th out of 180 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External loans and deposits of reporting banks vis-à-vis the banking in Iceland, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 8.5% | — |
| 1996 | 11.4% | +33.8% |
| 1997 | 8.7% | -23.8% |
| 1998 | 7.2% | -16.9% |
| 1999 | 9.7% | +34.1% |
| 2000 | 7.3% | -24.6% |
| 2001 | 8.4% | +14.8% |
| 2002 | 15.0% | +78.8% |
| 2003 | 27.2% | +81.0% |
| 2004 | 51.3% | +88.7% |
| 2005 | 62.6% | +22.0% |
| 2006 | 104.8% | +67.3% |
| 2007 | 102.3% | -2.4% |
| 2008 | 37.1% | -63.7% |
| 2009 | 27.8% | -25.0% |
| 2010 | 34.8% | +25.0% |
| 2011 | 14.6% | -57.9% |
| 2012 | 38.2% | +160.5% |
| 2013 | 54.1% | +41.7% |
| 2014 | 36.3% | -33.0% |
| 2015 | 50.9% | +40.4% |
| 2016 | 26.9% | -47.1% |
| 2017 | 9.3% | -65.5% |
| 2018 | 9.5% | +2.8% |
| 2019 | 7.4% | -22.0% |
| 2020 | 9.8% | +31.5% |
| 2021 | 6.5% | -33.4% |
Iceland compared with similar countries
- Iceland's 6.5% is below the median for high income countries, which is 11.8%, 55% of the median. (59 countries reporting)
- Iceland's 6.5% is below the median for Europe & Central Asia, which is 10.4%, 63% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 7.2% | 11.4% | 5 |
| 2000s | 44.4% | 7.3% | 104.8% | 10 |
| 2010s | 28.2% | 7.4% | 54.1% | 10 |
| 2020s | 8.2% | 6.5% | 9.8% | 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 external loans and deposits of reporting banks vis-à-vis the banking in Iceland?
- External loans and deposits of reporting banks vis-à-vis the banking in Iceland was 6.5% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the banking recorded in Iceland?
- The highest recorded value was 104.8% in 2006.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the banking recorded in Iceland?
- The lowest recorded value was 6.5% in 2021.
- How does Iceland rank for external loans and deposits of reporting banks vis-à-vis the banking?
- Iceland ranks 120th out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the banking rising or falling in Iceland?
- Over the last ten years it is down 55.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis the banking sector (% of domestic bank deposits). Statizoid updates them automatically from the source API.
Download this data
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About this data
Data is from BIS Statistical Appendix Table 7A minus 7B: External loans and deposits of reporting banks vis-à-vis all sectors minus external loans and deposits of reporting banks vis-à-vis nonbanking sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.