Financial Institutions Access Index in Iceland
Iceland: Financial Institutions Access Index was 0.5815 in 2020. ▲ Rising
Financial Institutions Access Index in Iceland, 1980–2020
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.
Financial Institutions Access Index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3854 | — |
| 1981 | 0.422 | +9.5% |
| 1982 | 0.5243 | +24.2% |
| 1983 | 0.5517 | +5.2% |
| 1984 | 0.5732 | +3.9% |
| 1985 | 0.5517 | -3.7% |
| 1986 | 0.48 | -13.0% |
| 1987 | 0.5142 | +7.1% |
| 1988 | 0.5735 | +11.6% |
| 1989 | 0.6633 | +15.6% |
| 1990 | 0.6069 | -8.5% |
| 1991 | 0.6484 | +6.8% |
| 1992 | 0.6789 | +4.7% |
| 1993 | 0.6641 | -2.2% |
| 1994 | 0.7346 | +10.6% |
| 1995 | 0.726 | -1.2% |
| 1996 | 0.7469 | +2.9% |
| 1997 | 0.7801 | +4.4% |
| 1998 | 0.8022 | +2.8% |
| 1999 | 0.843 | +5.1% |
| 2000 | 0.8494 | +0.8% |
| 2001 | 0.8965 | +5.5% |
| 2002 | 0.9059 | +1.1% |
| 2003 | 0.9691 | +7.0% |
| 2004 | 0.9701 | +0.1% |
| 2005 | 0.994 | +2.5% |
| 2006 | 0.9716 | -2.3% |
| 2007 | 0.9726 | +0.1% |
| 2008 | 0.9515 | -2.2% |
| 2009 | 0.8513 | -10.5% |
| 2010 | 0.8612 | +1.2% |
| 2011 | 0.8371 | -2.8% |
| 2012 | 0.8279 | -1.1% |
| 2013 | 0.8245 | -0.4% |
| 2014 | 0.8036 | -2.5% |
| 2015 | 0.7372 | -8.3% |
| 2016 | 0.7942 | +7.7% |
| 2017 | 0.784 | -1.3% |
| 2018 | 0.7378 | -5.9% |
| 2019 | 0.6887 | -6.7% |
| 2020 | 0.5815 | -15.6% |
Iceland compared with similar countries
- Iceland's 0.5815 is above the median for high income countries, which is 0.5313, 1.1× the median. (62 countries reporting)
- Iceland's 0.5815 is above the median for Europe & Central Asia, which is 0.5389, 1.1× the median. (47 countries reporting)
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
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 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 · JSON — 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.