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 186 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.
Liquid liabilities to GDP (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 36.6% | — |
| 1961 | 40.8% | +11.3% |
| 1962 | 42.4% | +3.9% |
| 1963 | 40.6% | -4.2% |
| 1964 | 33.0% | -18.7% |
| 1965 | 34.3% | +3.8% |
| 1966 | 31.9% | -6.8% |
| 1967 | 37.9% | +18.8% |
| 1968 | 38.3% | +1.1% |
| 1969 | 38.2% | -0.3% |
| 1970 | 37.3% | -2.5% |
| 1971 | 35.4% | -5.1% |
| 1972 | 33.3% | -5.9% |
| 1973 | 31.4% | -5.7% |
| 1974 | 27.8% | -11.6% |
| 1975 | 25.1% | -9.7% |
| 1976 | 23.7% | -5.5% |
| 1977 | 23.6% | -0.2% |
| 1978 | 22.6% | -4.3% |
| 1979 | 24.1% | +6.4% |
| 1980 | 24.7% | +2.5% |
| 1981 | 19.8% | -19.7% |
| 1982 | 21.5% | +8.5% |
| 1983 | 22.3% | +3.8% |
| 1984 | 22.7% | +1.5% |
| 1985 | 25.5% | +12.5% |
| 1986 | 25.4% | -0.4% |
| 1987 | 26.7% | +5.1% |
| 1988 | 28.3% | +6.1% |
| 1989 | 34.6% | +22.3% |
| 1990 | 33.9% | -2.1% |
| 1991 | 36.4% | +7.2% |
| 1992 | 37.8% | +3.9% |
| 1993 | 39.0% | +3.3% |
| 1994 | 37.5% | -4.0% |
| 1995 | 37.2% | -0.6% |
| 1996 | 36.9% | -0.9% |
| 1997 | 37.1% | +0.6% |
| 1998 | 38.1% | +2.5% |
| 1999 | 41.4% | +8.9% |
| 2000 | 42.0% | +1.4% |
| 2001 | 42.7% | +1.6% |
| 2002 | 46.1% | +8.0% |
| 2003 | 55.0% | +19.2% |
| 2004 | 56.4% | +2.6% |
| 2005 | 66.7% | +18.2% |
| 2006 | 92.5% | +38.7% |
| 2007 | 86.4% | -6.5% |
| 2008 | 99.7% | +15.4% |
| 2009 | 99.9% | +0.2% |
| 2010 | 86.9% | -12.9% |
| 2011 | 87.5% | +0.7% |
| 2012 | 79.9% | -8.7% |
| 2013 | 78.3% | -2.0% |
| 2014 | 78.2% | -0.1% |
| 2015 | 74.6% | -4.7% |
| 2016 | 65.4% | -12.3% |
| 2017 | 65.3% | -0.1% |
| 2018 | 64.9% | -0.6% |
| 2019 | 64.7% | -0.4% |
| 2020 | 72.2% | +11.6% |
| 2021 | 72.5% | +0.4% |
Iceland compared with similar countries
- Iceland's 72.5% is below the median for high income countries, which is 96.0%, 75% of the median. (61 countries reporting)
- Iceland's 72.5% is below the median for Europe & Central Asia, which is 75.1%, 97% of the median. (48 countries reporting)
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
- 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 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 186 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.