Iceland: Liquid liabilities, percent of GDP
(measure: percent; source: The International Monetary Fund)
* indicates monthly or quarterly data series
Iceland: Liquid liabilities, percent of GDP: For that indicator, The International Monetary Fund provides data for Iceland from 1960 to 2015. The average value for Iceland during that period was 42.19 percent with a minumum of 17.48 percent in 1983 and a maximum of 101.09 percent in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.