Outstanding domestic private debt securities to GDP in Iceland
Iceland: Outstanding domestic private debt securities to GDP was 73.6% in 2020. ◆ Volatile
Outstanding domestic private debt securities to GDP in Iceland, 1987–2020
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Iceland recorded 73.6% for outstanding domestic private debt securities to gdp in 2020.
That represents a change of up 31.1% on the previous year and up 14.7% over ten years.
Over the whole period, outstanding domestic private debt securities to gdp in Iceland peaked at 107.0% in 2007 and was at its lowest, 2.8%, in 1987.
Iceland ranks 4th of 26 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Outstanding domestic private debt securities to GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 2.8% | — |
| 1988 | 4.4% | +53.2% |
| 1989 | 6.5% | +48.5% |
| 1990 | 9.6% | +49.1% |
| 1991 | 14.6% | +51.5% |
| 1992 | 16.1% | +10.3% |
| 1993 | 21.4% | +32.7% |
| 1994 | 26.3% | +23.0% |
| 1995 | 29.7% | +12.9% |
| 1996 | 35.3% | +18.7% |
| 1997 | 38.1% | +7.9% |
| 1998 | 42.4% | +11.3% |
| 1999 | 46.9% | +10.6% |
| 2000 | 45.2% | -3.6% |
| 2001 | 46.4% | +2.8% |
| 2002 | 63.9% | +37.6% |
| 2003 | 72.8% | +13.9% |
| 2004 | 84.9% | +16.6% |
| 2005 | 83.8% | -1.3% |
| 2006 | 92.5% | +10.4% |
| 2007 | 107.0% | +15.7% |
| 2008 | 53.7% | -49.8% |
| 2009 | 63.8% | +18.7% |
| 2010 | 64.2% | +0.7% |
| 2011 | 62.9% | -2.1% |
| 2012 | 62.2% | -1.0% |
| 2013 | 66.8% | +7.3% |
| 2014 | 55.5% | -16.9% |
| 2015 | 58.7% | +5.7% |
| 2016 | 60.7% | +3.5% |
| 2017 | 58.4% | -3.9% |
| 2018 | 55.0% | -5.8% |
| 2019 | 56.1% | +2.1% |
| 2020 | 73.6% | +31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.6% | 2.8% | 6.5% | 3 |
| 1990s | 28.1% | 9.6% | 46.9% | 10 |
| 2000s | 71.4% | 45.2% | 107.0% | 10 |
| 2010s | 60.0% | 55.0% | 66.8% | 10 |
| 2020s | 73.6% | 73.6% | 73.6% | 1 |
Countries ranked near Iceland
More financial sector data for Iceland
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (2025)
Frequently asked questions
- What is outstanding domestic private debt securities to gdp in Iceland?
- Outstanding domestic private debt securities to gdp in Iceland was 73.6% in 2020, according to Bank for International Settlements (BIS).
- What is the highest outstanding domestic private debt securities to gdp recorded in Iceland?
- The highest recorded value was 107.0% in 2007.
- What is the lowest outstanding domestic private debt securities to gdp recorded in Iceland?
- The lowest recorded value was 2.8% in 1987.
- How does Iceland rank for outstanding domestic private debt securities to gdp?
- Iceland ranks 4th out of 26 countries with data for 2020.
- Is outstanding domestic private debt securities to gdp rising or falling in Iceland?
- Over the last ten years it is up 14.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Outstanding domestic private debt securities to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Total amount of domestic private debt securities (amounts outstanding) issued in domestic markets as a share of GDP. It covers data on long-term bonds and notes, commercial paper and other short-term notes. Table 16A (domestic debt amount): all issuers minus governments / GDP. End of year data (i.e. December data) are considered for debt securities. The figures are deflated using the following methodology: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is the level domestic private debt, P_e is end-of period CPI, and P_a is average annual CPI. GDP is from World Development Indicators. End-of period CPI is taken from IFS line 64M..ZF month of December (or if not available Q4). Average annual CPI is constructed from the monthly CPI figure taken from IFS line 64..ZF.