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Bank branches — all countries

Bank branches — Iceland

Bank branches in Iceland in 2024 — 20.44 per 100k. Ranked 38 in the world out of 153. Since 2004, the indicator has fallen by 77.5%.

2024 20.44 per 100k −12.17% vs 2023
World rank 38of 153
Period maximum 90.99 per 100k2004
Period minimum 20.44 per 100k2024

Trend over time

2004–2024 · per 100,000 adults

Bank branches — Iceland, 2004–20240255075100200420062008201020122014201620182020202220242004: 90.99 per 100k2005: 86.05 per 100k2006: 77.2 per 100k2007: 72.82 per 100k2008: 69.29 per 100k2009: 60.73 per 100k2010: 57.66 per 100k2011: 52.27 per 100k2012: 47.19 per 100k2013: 43.17 per 100k2014: 40.31 per 100k2015: 36.36 per 100k2016: 35.35 per 100k2017: 34.39 per 100k2018: 31.22 per 100k2019: 30.08 per 100k2020: 27.87 per 100k2021: 26.39 per 100k2022: 25.34 per 100k2023: 23.27 per 100k2024: 20.44 per 100k
Change over the period: −70.55 (−77.54%) Average annual rate: -7.2 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 20.44 per 100k
World 11.12 per 100k
Europe & Central Asia 18.97 per 100k
Bank branches — Iceland, by year Iceland All countries CSV XLSX
Year per 100k Change Change, %
2024 20.44 −2.83 −12.17%
2023 23.27 −2.07 −8.16%
2022 25.34 −1.05 −3.99%
2021 26.39 −1.48 −5.3%
2020 27.87 −2.22 −7.37%
2019 30.08 −1.14 −3.64%
2018 31.22 −3.17 −9.22%
2017 34.39 −0.96 −2.72%
2016 35.35 −1.01 −2.78%
2015 36.36 −3.95 −9.8%
2014 40.31 −2.86 −6.62%
2013 43.17 −4.01 −8.5%
2012 47.19 −5.08 −9.72%
2011 52.27 −5.39 −9.35%
2010 57.66 −3.07 −5.06%
2009 60.73 −8.56 −12.36%
2008 69.29 −3.53 −4.84%
2007 72.82 −4.38 −5.67%
2006 77.2 −8.85 −10.29%
2005 86.05 −4.94 −5.43%
2004 90.99 — —

Northern Europe, 2024

The same indicator for neighboring countries — with links to their pages

IS Iceland 20.44 DK Denmark 16.63 SE Sweden 10.17 LT Lithuania 9.62 EE Estonia 6.22 LV Latvia 4.44 FI Finland 3.78
Full table for all countries

About the indicator

The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.

Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Iceland

Finance Credit to the private sector

The volume of bank lending to businesses and households as a percent of GDP.

Iceland by year Finance Bank capital to assets ratio

A measure of the soundness of a banking system: how much capital of its own a bank holds per dollar of assets.

Iceland by year Internet Mobile cellular subscriptions

The number of mobile subscriptions per 100 people — often more than 100.

Iceland by year
All indicators for Iceland