Financial Institutions Efficiency Index in Iceland
Iceland: Financial Institutions Efficiency Index was 0.4027 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Iceland, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions efficiency index in Iceland is 0.4027, measured in 2020.
Compared with earlier readings it is up 7.2% on the previous year and up 99.3% over ten years.
Over the whole period, financial institutions efficiency index in Iceland peaked at 0.5858 in 2004 and was at its lowest, 0.1909, in 1980.
That places Iceland 173rd out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Efficiency Index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1909 | — |
| 1981 | 0.2323 | +21.7% |
| 1982 | 0.3106 | +33.7% |
| 1983 | 0.3296 | +6.1% |
| 1984 | 0.3434 | +4.2% |
| 1985 | 0.3285 | -4.3% |
| 1986 | 0.2613 | -20.5% |
| 1987 | 0.2894 | +10.7% |
| 1988 | 0.3291 | +13.7% |
| 1989 | 0.3752 | +14.0% |
| 1990 | 0.3404 | -9.3% |
| 1991 | 0.363 | +6.6% |
| 1992 | 0.3782 | +4.2% |
| 1993 | 0.3704 | -2.0% |
| 1994 | 0.4246 | +14.6% |
| 1995 | 0.4442 | +4.6% |
| 1996 | 0.4712 | +6.1% |
| 1997 | 0.5041 | +7.0% |
| 1998 | 0.525 | +4.1% |
| 1999 | 0.5694 | +8.5% |
| 2000 | 0.5154 | -9.5% |
| 2001 | 0.5792 | +12.4% |
| 2002 | 0.5637 | -2.7% |
| 2003 | 0.5657 | +0.4% |
| 2004 | 0.5858 | +3.5% |
| 2005 | 0.5196 | -11.3% |
| 2006 | 0.4339 | -16.5% |
| 2007 | 0.3541 | -18.4% |
| 2008 | 0.2928 | -17.3% |
| 2009 | 0.3256 | +11.2% |
| 2010 | 0.2021 | -37.9% |
| 2011 | 0.5105 | +152.7% |
| 2012 | 0.3221 | -36.9% |
| 2013 | 0.4237 | +31.5% |
| 2014 | 0.4702 | +11.0% |
| 2015 | 0.4398 | -6.5% |
| 2016 | 0.4189 | -4.8% |
| 2017 | 0.4403 | +5.1% |
| 2018 | 0.4034 | -8.4% |
| 2019 | 0.3755 | -6.9% |
| 2020 | 0.4027 | +7.2% |
Iceland compared with similar countries
- Iceland's 0.4027 is below the median for high income countries, which is 0.612, 66% of the median. (62 countries reporting)
- Iceland's 0.4027 is below the median for Europe & Central Asia, which is 0.583, 69% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +152.7% | 0.2021 | 0.5105 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.299 | 0.1909 | 0.3752 | 10 |
| 1990s | 0.4391 | 0.3404 | 0.5694 | 10 |
| 2000s | 0.4736 | 0.2928 | 0.5858 | 10 |
| 2010s | 0.4007 | 0.2021 | 0.5105 | 10 |
| 2020s | 0.4027 | 0.4027 | 0.4027 | 1 |
Countries ranked near Iceland
- 170 Sierra Leone 0.4341 compare
- 171 Malawi 0.4243 compare
- 172 Tanzania 0.4189 compare
- 174 Ireland 0.3963 compare
- 175 Saudi Arabia 0.3798 compare
- 176 Equatorial Guinea 0.3748 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 financial institutions efficiency index in Iceland?
- Financial institutions efficiency index in Iceland was 0.4027 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Iceland?
- The highest recorded value was 0.5858 in 2004.
- What is the lowest financial institutions efficiency index recorded in Iceland?
- The lowest recorded value was 0.1909 in 1980.
- How does Iceland rank for financial institutions efficiency index?
- Iceland ranks 173rd out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Iceland?
- Over the last ten years it is up 99.3%. 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 Efficiency Index. Statizoid updates them automatically from the source API.
Download this data
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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.