Outstanding Deposits, Commercial Banks, of Which: Household Sector in Iceland
Iceland: Outstanding Deposits, Commercial Banks, of Which: Household Sector was 1.69 trillion in 2024. ▲ Rising
Latest (2024)
1.69 trillion
Change on year
up 16.3%
World rank
34th
of 127 countries
All-time high
1.69 trillion
in 2024
All-time low
303.81 billion
in 2004
Years of data
21
2004–2024
Outstanding Deposits, Commercial Banks, of Which: Household Sector in Iceland, 2004–2024
Source: International Monetary Fund.
Analysis
Iceland recorded 1.69 trillion for outstanding deposits, commercial banks, of which: household sector in 2024. That is the highest value across all 21 years on record.
The figure is up 16.3% on the previous year and up 166.6% over ten years.
Over the whole period, outstanding deposits, commercial banks, of which: household sector in Iceland peaked at 1.69 trillion in 2024 and was at its lowest, 303.81 billion, in 2004.
That places Iceland 34th out of 127 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Deposits, Commercial Banks, of Which: Household Sector in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 303.81 billion | — |
| 2005 | 357.98 billion | +17.8% |
| 2006 | 423.07 billion | +18.2% |
| 2007 | 553.05 billion | +30.7% |
| 2008 | 759.73 billion | +37.4% |
| 2009 | 753.24 billion | -0.9% |
| 2010 | 651.10 billion | -13.6% |
| 2011 | 617.80 billion | -5.1% |
| 2012 | 600.66 billion | -2.8% |
| 2013 | 607.80 billion | +1.2% |
| 2014 | 634.94 billion | +4.5% |
| 2015 | 669.04 billion | +5.4% |
| 2016 | 733.32 billion | +9.6% |
| 2017 | 813.99 billion | +11.0% |
| 2018 | 890.37 billion | +9.4% |
| 2019 | 955.04 billion | +7.3% |
| 2020 | 1.07 trillion | +12.0% |
| 2021 | 1.15 trillion | +7.5% |
| 2022 | 1.26 trillion | +9.5% |
| 2023 | 1.46 trillion | +15.6% |
| 2024 | 1.69 trillion | +16.3% |
Iceland compared with similar countries
- Iceland's 1.69 trillion is above the median for high income countries, which is 396.25 billion, 4.3× the median. (51 countries reporting)
- Iceland's 1.69 trillion is above the median for Europe & Central Asia, which is 420.44 billion, 4.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 525.15 billion | 303.81 billion | 759.73 billion | 6 |
| 2010s | 717.41 billion | 600.66 billion | 955.04 billion | 10 |
| 2020s | 1.33 trillion | 1.07 trillion | 1.69 trillion | 5 |
Countries ranked near Iceland
- 31 Cameroon 2.08 trillion compare
- 32 South Africa 2.00 trillion compare
- 33 United Kingdom 1.87 trillion compare
- 35 Dominican Republic 1.63 trillion compare
- 36 Ukraine 1.60 trillion compare
- 37 Australia 1.54 trillion 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 outstanding deposits, commercial banks, of which: household sector in Iceland?
- Outstanding deposits, commercial banks, of which: household sector in Iceland was 1.69 trillion in 2024, according to International Monetary Fund.
- What is the highest outstanding deposits, commercial banks, of which: household sector recorded in Iceland?
- The highest recorded value was 1.69 trillion in 2024.
- What is the lowest outstanding deposits, commercial banks, of which: household sector recorded in Iceland?
- The lowest recorded value was 303.81 billion in 2004.
- How does Iceland rank for outstanding deposits, commercial banks, of which: household sector?
- Iceland ranks 34th out of 127 countries with data for 2024.
- Is outstanding deposits, commercial banks, of which: household sector rising or falling in Iceland?
- Over the last ten years it is up 166.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Deposits, Commercial Banks, of Which: Household Sector Deposits. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Gender-disaggregated data on access to and use of financial services.