Iceland: Liquid liabilities, percent of GDP
* indicates monthly or quarterly data series
| Iceland |
Liquid liabilities, percent of GDP |
|---|---|
| Latest value | 72.46 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1960 - 2021 |
| Average | 46.17 |
| Min - Max | 19.81 - 99.86 |
| Source | The International Monetary Fund |
The latest value from 2021 is 72.46 percent, an increase from 72.15 percent in 2020. In comparison, the world average is 82.43 percent, based on data from 134 countries. Historically, the average for Iceland from 1960 to 2021 is 46.17 percent. The minimum value, 19.81 percent, was reached in 1981 while the maximum of 99.86 percent was recorded in 2009.
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* indicates monthly or quarterly data series
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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.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| ATMs per 100,000 adults | 70.43 | 2021 | ATMs per 100,000 adults |
| Bank branches per 100,000 people | 28.11 | 2020 | bank branches |
| Percent people with credit cards | 74.00 | 2021 | percent |
| Percent people with debit cards | 94.14 | 2021 | percent |
| Domestic credit to the private sector | 99.84 | 2020 | percent |
| Bank credit to the private sector | 89.35 | 2023 | percent |
| Liquid liabilities, percent of GDP | 72.46 | 2021 | percent |
| Bank assets to GDP | 111.28 | 2021 | percent |
| Financial system deposits, percent of GDP | 70.16 | 2021 | percent |
| Bank credit to government | 11.16 | 2020 | percent |
| Banking system concentration | 100.00 | 2021 | percent |
| Foreign bank assets | 0.00 | 2013 | percent of total bank assets |
| Percent people with bank accounts | 100.00 | 2021 | percent |