Services, Credit/Revenue in Iceland
Iceland: Services, Credit/Revenue was 7.12 billion in 2024. β² Rising
Services, Credit/Revenue in Iceland, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Iceland stood at 7.12 billion.
Compared with earlier readings it is down 0.6% on the previous year and up 65.9% over ten years.
Over the whole period, services, credit/revenue in Iceland peaked at 7.16 billion in 2023 and was at its lowest, 2.20 billion, in 2006.
That places Iceland 84th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.58 billion | 2.20 billion | 3.02 billion | 5 |
| 2010s | 4.70 billion | 3.02 billion | 6.64 billion | 10 |
| 2020s | 5.37 billion | 2.82 billion | 7.16 billion | 5 |
Countries ranked near Iceland
- 81 Bangladesh 7.47 billion compare
- 82 Syrian Arab Republic 7.33 billion compare
- 83 Peru 7.15 billion compare
- 85 Uruguay 7.10 billion compare
- 86 Sri Lanka 6.91 billion compare
- 87 Tanzania, United Republic of 6.85 billion compare
More financial sector data for Iceland
- Domestic credit to private sector by banks 89.2% (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Broad money 67.4% (2024)
- Claims on central government, etc. -3.9% (2025)
- Domestic credit to private sector 89.2% (2025)
- Official exchange rate 128.44 LCU per US$, period average (2025)
- Net migration 2,709 (2025)
Frequently asked questions
- What is services, credit/revenue in Iceland?
- Services, credit/revenue in Iceland was 7.12 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Iceland?
- The highest recorded value was 7.16 billion in 2023.
- What is the lowest services, credit/revenue recorded in Iceland?
- The lowest recorded value was 2.20 billion in 2006.
- How does Iceland rank for services, credit/revenue?
- Iceland ranks 84th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Iceland?
- Over the last ten years it is up 65.9%. 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 Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.