Credit to the private sector — all countries

Credit to the private sector — Iceland

Credit to the private sector in Iceland in 2025 — 89.24%. Ranked 14 in the world out of 87. Since 1960, the indicator has risen by 44.64 pp.

2025 89.24% −1.84 pp vs 2024
World rank 14of 87
Period maximum 301.02%2006
Period minimum 23.42%1978

Trend over time

1960–2025 · % of GDP

Credit to the private sector — Iceland, 1960–2025010020030040019601967197419811988199520022009201620231960: 44.6%1962: 40.02%1964: 29.78%1966: 30.66%1968: 37.1%1970: 31.16%1972: 28.26%1974: 29.8%1976: 25.03%1978: 23.42%1980: 25.67%1982: 34.91%1984: 38.08%1986: 31.92%1988: 38.22%1990: 40.44%1992: 44.59%1994: 42.52%1996: 46.41%1998: 61.41%2000: 92.36%2002: 99.51%2004: 156.23%2006: 301.02%2008: 190.99%2010: 157.62%2012: 116.32%2014: 93.27%2016: 83.03%2018: 89.49%2020: 98.41%2022: 93.03%2024: 91.08%2025: 89.24%
Change over the period: +44.64 pp Annual average: 0.69 pp
Credit to the private sector — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 89.24 −1.84 pp
2024 91.08 +2.79 pp
2023 88.29 −4.74 pp
2022 93.03 −6.49 pp
2021 99.52 +1.11 pp
2020 98.41 +10.7 pp
2019 87.71 −1.78 pp
2018 89.49 +3.82 pp
2017 85.68 +2.65 pp
2016 83.03 −3.3 pp
2015 86.33 −6.94 pp
2014 93.27 −13.12 pp
2013 106.39 −9.93 pp
2012 116.32 −18.54 pp
2011 134.86 −22.76 pp
2010 157.62 −14.21 pp
2009 171.83 −19.17 pp
2008 190.99 −52.16 pp
2007 243.15 −57.86 pp
2006 301.02 +65.56 pp
2005 235.46 +79.23 pp
2004 156.23 +32.55 pp
2003 123.68 +24.17 pp
2002 99.51 +5.42 pp
2001 94.09 +1.73 pp
2000 92.36 +22.37 pp
1999 69.99 +8.58 pp
1998 61.41 −2.38 pp
1997 63.79 +17.38 pp
1996 46.41 +2.5 pp
1995 43.9 +1.38 pp
1994 42.52 −2.06 pp
1993 44.58 −0.01 pp
1992 44.59 +2.98 pp
1991 41.61 +1.17 pp
1990 40.44 −3.85 pp
1989 44.29 +6.07 pp
1988 38.22 +3.94 pp
1987 34.28 +2.36 pp
1986 31.92 −4.72 pp
1985 36.65 −1.43 pp
1984 38.08 +1.34 pp
1983 36.74 +1.83 pp
1982 34.91 +6.79 pp
1981 28.12 +2.45 pp
1980 25.67 +0.66 pp
1979 25 +1.59 pp
1978 23.42 −0.91 pp
1977 24.33 −0.69 pp
1976 25.03 −2.51 pp
1975 27.54 −2.26 pp
1974 29.8 +2.44 pp
1973 27.36 −0.9 pp
1972 28.26 −1.7 pp
1971 29.96 −1.2 pp
1970 31.16 −1.56 pp
1969 32.72 −4.38 pp
1968 37.1 +2.22 pp
1967 34.88 +4.22 pp
1966 30.66 −0.7 pp
1965 31.36 +1.58 pp
1964 29.78 −8.71 pp
1963 38.49 −1.54 pp
1962 40.02 −2.71 pp
1961 42.73 −1.88 pp
1960 44.6

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.