Financial Institutions Access Index in Iceland
Iceland: Financial Institutions Access Index was 0.5815 in 2020. β² Rising
Financial Institutions Access Index in Iceland, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions access index in Iceland is 0.5815, measured in 2020.
Compared with earlier readings it is down 15.6% on the previous year and down 32.5% over ten years.
Over the whole period, financial institutions access index in Iceland peaked at 0.994 in 2005 and was at its lowest, 0.3854, in 1980.
Iceland ranks 36th of 183 countries on this measure, 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 | 0.5239 | 0.3854 | 0.6633 | 10 |
| 1990s | 0.7231 | 0.6069 | 0.843 | 10 |
| 2000s | 0.9332 | 0.8494 | 0.994 | 10 |
| 2010s | 0.7896 | 0.6887 | 0.8612 | 10 |
| 2020s | 0.5815 | 0.5815 | 0.5815 | 1 |
Countries ranked near Iceland
- 33 Bosnia and Herzegovina 0.5948 compare
- 34 Poland 0.5912 compare
- 35 Austria 0.5836 compare
- 37 Cape Verde 0.5705 compare
- 38 Republic of Moldova 0.5698 compare
- 39 Peru 0.5676 compare
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 institutions access index in Iceland?
- Financial institutions access index in Iceland was 0.5815 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Iceland?
- The highest recorded value was 0.994 in 2005.
- What is the lowest financial institutions access index recorded in Iceland?
- The lowest recorded value was 0.3854 in 1980.
- How does Iceland rank for financial institutions access index?
- Iceland ranks 36th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Iceland?
- Over the last ten years it is down 32.5%. 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 Institutions Access 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.