Liquid liabilities to GDP in Iceland
Iceland: Liquid liabilities to GDP was 72.5% in 2021. ▲ Rising
Liquid liabilities to GDP in Iceland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, liquid liabilities to gdp in Iceland stood at 72.5%.
The figure is up 0.4% on the previous year and down 17.2% over ten years.
Over the whole period, liquid liabilities to gdp in Iceland peaked at 99.9% in 2009 and was at its lowest, 19.8%, in 1981.
That places Iceland 81st out of 184 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 37.4% | 31.9% | 42.4% | 10 |
| 1970s | 28.4% | 22.6% | 37.3% | 10 |
| 1980s | 25.1% | 19.8% | 34.6% | 10 |
| 1990s | 37.5% | 33.9% | 41.4% | 10 |
| 2000s | 68.7% | 42.0% | 99.9% | 10 |
| 2010s | 74.6% | 64.7% | 87.5% | 10 |
| 2020s | 72.3% | 72.2% | 72.5% | 2 |
Countries ranked near Iceland
- 78 Saint Lucia 75.3% compare
- 79 Albania 74.5% compare
- 80 Latvia 73.9% compare
- 82 Hungary 72.0% compare
- 83 Philippines 70.4% compare
- 84 Saudi Arabia 70.1% compare
More financial sector data for Iceland
- Domestic credit to private sector by banks 89.2% (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Broad money 67.4% (2024)
- Claims on central government, etc. -3.9% (2025)
- Domestic credit to private sector 89.2% (2025)
- Official exchange rate 128.44 LCU per US$, period average (2025)
- Net migration 2,709 (2025)
Frequently asked questions
- What is liquid liabilities to gdp in Iceland?
- Liquid liabilities to gdp in Iceland was 72.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest liquid liabilities to gdp recorded in Iceland?
- The highest recorded value was 99.9% in 2009.
- What is the lowest liquid liabilities to gdp recorded in Iceland?
- The lowest recorded value was 19.8% in 1981.
- How does Iceland rank for liquid liabilities to gdp?
- Iceland ranks 81st out of 184 countries with data for 2021.
- Is liquid liabilities to gdp rising or falling in Iceland?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Liquid liabilities to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.