Net domestic credit (current LCU) in Iceland
Iceland: Net domestic credit (current LCU) was 4.57 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
4.57 trillion current LCU
Change on year
up 4.3%
World rank
61st
of 187 countries
All-time high
4.58 trillion current LCU
in 2008
All-time low
42.41 million current LCU
in 1960
Years of data
66
1960–2025
Net domestic credit in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net domestic credit in Iceland is 4.57 trillion current LCU, measured in 2025.
Compared with earlier readings it is up 4.3% on the previous year and up 91.2% over ten years.
Over the whole period, net domestic credit in Iceland peaked at 4.58 trillion current LCU in 2008 and was at its lowest, 42.41 million current LCU, in 1960.
That places Iceland 61st out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 42.41 million current LCU | — |
| 1961 | 48.55 million current LCU | +14.5% |
| 1962 | 54.84 million current LCU | +13.0% |
| 1963 | 61.13 million current LCU | +11.5% |
| 1964 | 62.21 million current LCU | +1.8% |
| 1965 | 76.10 million current LCU | +22.3% |
| 1966 | 85.85 million current LCU | +12.8% |
| 1967 | 113.16 million current LCU | +31.8% |
| 1968 | 134.72 million current LCU | +19.1% |
| 1969 | 144.62 million current LCU | +7.4% |
| 1970 | 168.48 million current LCU | +16.5% |
| 1971 | 198.25 million current LCU | +17.7% |
| 1972 | 233.39 million current LCU | +17.7% |
| 1973 | 321.56 million current LCU | +37.8% |
| 1974 | 520.01 million current LCU | +61.7% |
| 1975 | 776.98 million current LCU | +49.4% |
| 1976 | 971.22 million current LCU | +25.0% |
| 1977 | 1.30 billion current LCU | +33.6% |
| 1978 | 1.87 billion current LCU | +44.0% |
| 1979 | 2.79 billion current LCU | +49.6% |
| 1980 | 4.61 billion current LCU | +65.0% |
| 1981 | 7.63 billion current LCU | +65.5% |
| 1982 | 14.61 billion current LCU | +91.5% |
| 1983 | 27.64 billion current LCU | +89.2% |
| 1984 | 38.43 billion current LCU | +39.0% |
| 1985 | 52.00 billion current LCU | +35.3% |
| 1986 | 59.04 billion current LCU | +13.5% |
| 1987 | 84.31 billion current LCU | +42.8% |
| 1988 | 118.42 billion current LCU | +40.5% |
| 1989 | 168.30 billion current LCU | +42.1% |
| 1990 | 183.38 billion current LCU | +9.0% |
| 1991 | 204.01 billion current LCU | +11.2% |
| 1992 | 213.56 billion current LCU | +4.7% |
| 1993 | 231.14 billion current LCU | +8.2% |
| 1994 | 241.94 billion current LCU | +4.7% |
| 1995 | 238.26 billion current LCU | -1.5% |
| 1996 | 258.74 billion current LCU | +8.6% |
| 1997 | 371.17 billion current LCU | +43.5% |
| 1998 | 382.63 billion current LCU | +3.1% |
| 1999 | 467.41 billion current LCU | +22.2% |
| 2000 | 671.32 billion current LCU | +43.6% |
| 2001 | 769.92 billion current LCU | +14.7% |
| 2002 | 855.34 billion current LCU | +11.1% |
| 2003 | 1.10 trillion current LCU | +28.2% |
| 2004 | 1.53 trillion current LCU | +39.3% |
| 2005 | 2.49 trillion current LCU | +62.8% |
| 2006 | 3.56 trillion current LCU | +43.1% |
| 2007 | 4.11 trillion current LCU | +15.4% |
| 2008 | 4.58 trillion current LCU | +11.5% |
| 2009 | 4.56 trillion current LCU | -0.5% |
| 2010 | 4.09 trillion current LCU | -10.3% |
| 2011 | 3.14 trillion current LCU | -23.1% |
| 2012 | 2.78 trillion current LCU | -11.6% |
| 2013 | 2.65 trillion current LCU | -4.6% |
| 2014 | 2.31 trillion current LCU | -12.8% |
| 2015 | 2.39 trillion current LCU | +3.4% |
| 2016 | 2.39 trillion current LCU | +0.1% |
| 2017 | 2.56 trillion current LCU | +7.1% |
| 2018 | 2.71 trillion current LCU | +5.8% |
| 2019 | 2.78 trillion current LCU | +2.6% |
| 2020 | 3.05 trillion current LCU | +9.7% |
| 2021 | 3.40 trillion current LCU | +11.4% |
| 2022 | 3.80 trillion current LCU | +11.9% |
| 2023 | 4.04 trillion current LCU | +6.2% |
| 2024 | 4.38 trillion current LCU | +8.4% |
| 2025 | 4.57 trillion current LCU | +4.3% |
Iceland compared with similar countries
- Iceland's 4.57 trillion current LCU is above the median for high income countries, which is 701.01 billion current LCU, 6.5× the median. (61 countries reporting)
- Iceland's 4.57 trillion current LCU is above the median for Europe & Central Asia, which is 629.86 billion current LCU, 7.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 82.36 million current LCU | 42.41 million current LCU | 144.62 million current LCU | 10 |
| 1970s | 915.11 million current LCU | 168.48 million current LCU | 2.79 billion current LCU | 10 |
| 1980s | 57.50 billion current LCU | 4.61 billion current LCU | 168.30 billion current LCU | 10 |
| 1990s | 279.22 billion current LCU | 183.38 billion current LCU | 467.41 billion current LCU | 10 |
| 2000s | 2.42 trillion current LCU | 671.32 billion current LCU | 4.58 trillion current LCU | 10 |
| 2010s | 2.78 trillion current LCU | 2.31 trillion current LCU | 4.09 trillion current LCU | 10 |
| 2020s | 3.87 trillion current LCU | 3.05 trillion current LCU | 4.57 trillion current LCU | 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 net domestic credit in Iceland?
- Net domestic credit in Iceland was 4.57 trillion current LCU in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Iceland?
- The highest recorded value was 4.58 trillion current LCU in 2008.
- What is the lowest net domestic credit recorded in Iceland?
- The lowest recorded value was 42.41 million current LCU in 1960.
- How does Iceland rank for net domestic credit?
- Iceland ranks 61st out of 187 countries with data for 2025.
- Is net domestic credit rising or falling in Iceland?
- Over the last ten years it is up 91.2%. 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 Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.