Monetary Sector credit to private sector (% GDP) in Iceland
Iceland: Monetary Sector credit to private sector (% GDP) was 88.6% 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 88.6%.
That represents a change of down 2.7% on the previous year and up 2.7% 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 24th of 187 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 (% GDP) 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 | 88.6% | -2.7% |
Iceland compared with similar countries
- Iceland's 88.6% is above the median for high income countries, which is 63.2%, 1.4× the median. (61 countries reporting)
- Iceland's 88.6% is above the median for Europe & Central Asia, which is 51.0%, 1.7× the median. (48 countries reporting)
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 | 93.2% | 88.3% | 99.5% | 6 |
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 monetary sector credit to private sector in Iceland?
- Monetary sector credit to private sector in Iceland was 88.6% 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 24th out of 187 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 2.7%. 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.