Monetary Sector credit to private sector in Iceland
Iceland: Monetary Sector credit to private sector was 89.2% in 2025. ◆ Volatile
Monetary Sector credit to private sector in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2025, monetary sector credit to private sector in Iceland stood at 89.2%.
That represents a change of down 2.0% on the previous year and up 3.4% over ten years.
Over the whole period, monetary sector credit to private sector in Iceland peaked at 301.0% in 2006 and was at its lowest, 23.4%, in 1978.
Iceland ranks 25th of 186 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector in Iceland, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 44.6% | — |
| 1961 | 42.7% | -4.2% |
| 1962 | 40.0% | -6.3% |
| 1963 | 38.5% | -3.8% |
| 1964 | 29.8% | -22.6% |
| 1965 | 31.4% | +5.3% |
| 1966 | 30.7% | -2.2% |
| 1967 | 34.9% | +13.8% |
| 1968 | 37.1% | +6.4% |
| 1969 | 32.7% | -11.8% |
| 1970 | 31.2% | -4.8% |
| 1971 | 30.0% | -3.8% |
| 1972 | 28.3% | -5.7% |
| 1973 | 27.4% | -3.2% |
| 1974 | 29.8% | +8.9% |
| 1975 | 27.5% | -7.6% |
| 1976 | 25.0% | -9.1% |
| 1977 | 24.3% | -2.8% |
| 1978 | 23.4% | -3.8% |
| 1979 | 25.0% | +6.8% |
| 1980 | 25.7% | +2.6% |
| 1981 | 28.1% | +9.6% |
| 1982 | 34.9% | +24.2% |
| 1983 | 36.7% | +5.2% |
| 1984 | 38.1% | +3.6% |
| 1985 | 36.6% | -3.8% |
| 1986 | 31.9% | -12.9% |
| 1987 | 34.3% | +7.4% |
| 1988 | 38.2% | +11.5% |
| 1989 | 44.3% | +15.9% |
| 1990 | 40.4% | -8.7% |
| 1991 | 41.6% | +2.9% |
| 1992 | 44.6% | +7.2% |
| 1993 | 44.6% | -0.0% |
| 1994 | 42.5% | -4.6% |
| 1995 | 43.9% | +3.3% |
| 1996 | 46.4% | +5.7% |
| 1997 | 63.8% | +37.5% |
| 1998 | 61.4% | -3.7% |
| 1999 | 70.0% | +14.0% |
| 2000 | 92.4% | +32.0% |
| 2001 | 94.1% | +1.9% |
| 2002 | 99.5% | +5.8% |
| 2003 | 123.7% | +24.3% |
| 2004 | 156.2% | +26.3% |
| 2005 | 235.5% | +50.7% |
| 2006 | 301.0% | +27.8% |
| 2007 | 243.2% | -19.2% |
| 2008 | 191.0% | -21.5% |
| 2009 | 171.8% | -10.0% |
| 2010 | 157.6% | -8.3% |
| 2011 | 134.9% | -14.4% |
| 2012 | 116.3% | -13.7% |
| 2013 | 106.4% | -8.5% |
| 2014 | 93.3% | -12.3% |
| 2015 | 86.3% | -7.4% |
| 2016 | 83.0% | -3.8% |
| 2017 | 85.7% | +3.2% |
| 2018 | 89.5% | +4.5% |
| 2019 | 87.7% | -2.0% |
| 2020 | 98.4% | +12.2% |
| 2021 | 99.5% | +1.1% |
| 2022 | 93.0% | -6.5% |
| 2023 | 88.3% | -5.1% |
| 2024 | 91.1% | +3.2% |
| 2025 | 89.2% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 36.2% | 29.8% | 44.6% | 10 |
| 1970s | 27.2% | 23.4% | 31.2% | 10 |
| 1980s | 34.9% | 25.7% | 44.3% | 10 |
| 1990s | 49.9% | 40.4% | 70.0% | 10 |
| 2000s | 170.8% | 92.4% | 301.0% | 10 |
| 2010s | 104.1% | 83.0% | 157.6% | 10 |
| 2020s | 93.3% | 88.3% | 99.5% | 6 |
Countries ranked near Iceland
More financial sector data for Iceland
- Total reserves in months of imports, annual growth rate 10.27 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.36 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1281 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 12,597 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 13.81 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 13,870 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 15 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 14,388 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Iceland?
- Monetary sector credit to private sector in Iceland was 89.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Iceland?
- The highest recorded value was 301.0% in 2006.
- What is the lowest monetary sector credit to private sector recorded in Iceland?
- The lowest recorded value was 23.4% in 1978.
- How does Iceland rank for monetary sector credit to private sector?
- Iceland ranks 25th out of 186 countries with data for 2025.
- Is monetary sector credit to private sector rising or falling in Iceland?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.