Iceland: Real interest rate

For that indicator, we provide data for Iceland from 1996 to 2021. The average value for Iceland during that period was 6.92 percent with a minimum of -0.56 percent in 2021 and a maximum of 14.34 percent in 2007. The latest value from 2021 is -0.56 percent. For comparison, the world average in 2021 based on 92 countries is 1.85 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.