Iceland Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Iceland's credit to gdp was 86.20% in 2025, ranked 23rd globally. This represents a 5.2% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Iceland's credit to gdp stood at 86.20% in 2025, a decline of +4.71% from 2024. Based on recent trends, this figure is projected to reach 86.20% by 2025. Iceland ranked 23rd globally.
Iceland's credit to GDP ratio has exhibited significant fluctuations over the past 66 years, with a notable all-time peak of 301.02 in 2006, followed by a steep decline. The ratio reached a trough of 23.42 in 1978, illustrating the country's vulnerable financial state at the time. Since then, Iceland has made substantial progress, with the ratio steadily increasing to reach 86.20 in 2025, placing it at the 23rd position globally. A comparison with its peer countries reveals that Iceland's ratio remains lower than that of Finland, which ranks 7th with a ratio of 88.79. Iceland's credit to GDP ratio has been steadily increasing since the 2006 peak, indicating a gradual recovery from the financial crisis of that year. However, the current ratio may be influenced by rising interest rates and potential economic downturns, which could alter the trajectory of Iceland's credit to GDP ratio in the coming years.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 80.96% | - | - |
| 2026* trend | 83.58% | - | - |
| 2025* trend | 86.20% | - | - |
| 2025 | 86.20% | −4.71% | #23 |
| 2024 | 90.90% | +2.55% | #104 |
| 2023 | 88.35% | −4.71% | #126 |
| 2022 | 93.06% | −6.46% | #135 |
| 2021 | 99.52% | +1.11% | #141 |
| 2020 | 98.41% | +10.70% | #139 |
| 2019 | 87.71% | −1.78% | #145 |
| 2018 | 89.49% | +3.82% | #144 |
| 2017 | 85.68% | +2.65% | #143 |
| 2016 | 83.03% | −3.30% | #142 |
| 2015 | 86.33% | −6.94% | #143 |
| 2014 | 93.27% | −13.12% | #148 |
| 2013 | 106.39% | −9.93% | #155 |
| 2012 | 116.32% | −18.54% | #157 |
| 2011 | 134.86% | −22.76% | #163 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's credit to gdp was 86.20% in 2025. Ranked 23rd globally. This represents a 5.2% decrease from the previous year.
Iceland's credit to gdp peaked at 301.02% in 2006.
The lowest credit to gdp in Iceland was 23.42% in 1978.
Iceland ranks 23rd globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Iceland's credit to gdp is projected to reach 86.20% by 2025 based on trend extrapolation.
The credit to gdp of Iceland in 2025 was 86.20%. This ranks 23rd in the world.
Cite this page
@misc{historysaid_iceland_credit-to-gdp,
title = {Iceland Credit to GDP},
url = {https://historysaid.com/iceland/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}