Financial Development Index in Iceland
Iceland: Financial Development Index was 0.4828 in 2020. β² Rising
Financial Development Index in Iceland, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Iceland stood at 0.4828.
The figure is down 1.5% on the previous year and down 5.7% over ten years.
Over the whole period, financial development index in Iceland peaked at 0.6146 in 2005 and was at its lowest, 0.2427, in 1980.
That places Iceland 38th out of 183 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3123 | 0.2427 | 0.3732 | 10 |
| 1990s | 0.4133 | 0.3478 | 0.5208 | 10 |
| 2000s | 0.5864 | 0.5401 | 0.6146 | 10 |
| 2010s | 0.5266 | 0.49 | 0.58 | 10 |
| 2020s | 0.4828 | 0.4828 | 0.4828 | 1 |
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)
- Domestic credit to private sector by banks 89.2% (2025)
Frequently asked questions
- What is financial development index in Iceland?
- Financial development index in Iceland was 0.4828 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Iceland?
- The highest recorded value was 0.6146 in 2005.
- What is the lowest financial development index recorded in Iceland?
- The lowest recorded value was 0.2427 in 1980.
- How does Iceland rank for financial development index?
- Iceland ranks 38th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Iceland?
- Over the last ten years it is down 5.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.