Net lending (+) / net borrowing (-) in Iceland
Iceland: Net lending (+) / net borrowing (-) was -47.09 billion current LCU in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net lending (+) / net borrowing (-) in Iceland is -47.09 billion current LCU, measured in 2023.
The figure is up 53.2% on the previous year and down 196.6% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Iceland peaked at 316.36 billion current LCU in 2016 and was at its lowest, -235.89 billion current LCU, in 2021.
Iceland ranks 94th of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 4.60 million current LCU | — |
| 1973 | -600,000 current LCU | -113.0% |
| 1974 | -34.00 million current LCU | +5566.7% |
| 1975 | -49.90 million current LCU | +46.8% |
| 1976 | 31.70 million current LCU | -163.5% |
| 1977 | -14.50 million current LCU | -145.7% |
| 1978 | -800,000 current LCU | -94.5% |
| 1979 | -13.60 million current LCU | +1600.0% |
| 1980 | 75.80 million current LCU | -657.4% |
| 1981 | 241.50 million current LCU | +218.6% |
| 1982 | 318.00 million current LCU | +31.7% |
| 1983 | -1.58 billion current LCU | -597.2% |
| 1984 | 879.40 million current LCU | -155.6% |
| 1985 | -2.29 billion current LCU | -361.0% |
| 1986 | -6.44 billion current LCU | +180.8% |
| 1987 | -4.62 billion current LCU | -28.2% |
| 1988 | -8.91 billion current LCU | +92.7% |
| 1989 | -10.85 billion current LCU | +21.8% |
| 1990 | -9.69 billion current LCU | -10.7% |
| 1991 | -15.03 billion current LCU | +55.1% |
| 1992 | -10.61 billion current LCU | -29.5% |
| 1993 | -12.73 billion current LCU | +20.0% |
| 1994 | -12.75 billion current LCU | +0.2% |
| 1995 | -11.11 billion current LCU | -12.8% |
| 1996 | -5.64 billion current LCU | -49.3% |
| 1997 | 2.21 billion current LCU | -139.2% |
| 1998 | 7.08 billion current LCU | +220.4% |
| 1999 | 17.44 billion current LCU | +146.3% |
| 2000 | 18.53 billion current LCU | +6.3% |
| 2001 | -463.75 million current LCU | -102.5% |
| 2002 | -10.15 billion current LCU | +2089.4% |
| 2003 | -17.37 billion current LCU | +71.0% |
| 2004 | 7.41 billion current LCU | -142.7% |
| 2005 | 52.62 billion current LCU | +609.9% |
| 2006 | 75.87 billion current LCU | +44.2% |
| 2007 | 69.66 billion current LCU | -8.2% |
| 2008 | -180.16 billion current LCU | -358.6% |
| 2009 | -124.67 billion current LCU | -30.8% |
| 2010 | -98.96 billion current LCU | -20.6% |
| 2011 | -110.27 billion current LCU | +11.4% |
| 2012 | -39.49 billion current LCU | -64.2% |
| 2013 | -15.88 billion current LCU | -59.8% |
| 2014 | 23.78 billion current LCU | -249.8% |
| 2015 | 5.16 billion current LCU | -78.3% |
| 2016 | 316.36 billion current LCU | +6028.8% |
| 2017 | 60.22 billion current LCU | -81.0% |
| 2018 | 43.21 billion current LCU | -28.3% |
| 2019 | -27.83 billion current LCU | -164.4% |
| 2020 | -235.15 billion current LCU | +744.8% |
| 2021 | -235.89 billion current LCU | +0.3% |
| 2022 | -100.70 billion current LCU | -57.3% |
| 2023 | -47.09 billion current LCU | -53.2% |
Iceland compared with similar countries
- Iceland's -47.09 billion current LCU is below the median for high income countries, which is -2.76 billion current LCU, 17.1× the median. (57 countries reporting)
- Iceland's -47.09 billion current LCU is below the median for Europe & Central Asia, which is -6.97 billion current LCU, 6.8× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +6028.8% | 5.16 billion current LCU | 316.36 billion current LCU |
| 1974 | -5566.7% | -600,000 current LCU | -34.00 million current LCU |
| 2002 | -2089.4% | -463.75 million current LCU | -10.15 billion current LCU |
| 1979 | -1600.0% | -800,000 current LCU | -13.60 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -9.64 million current LCU | -49.90 million current LCU | 31.70 million current LCU | 8 |
| 1980s | -3.32 billion current LCU | -10.85 billion current LCU | 879.40 million current LCU | 10 |
| 1990s | -5.08 billion current LCU | -15.03 billion current LCU | 17.44 billion current LCU | 10 |
| 2000s | -10.87 billion current LCU | -180.16 billion current LCU | 75.87 billion current LCU | 10 |
| 2010s | 15.63 billion current LCU | -110.27 billion current LCU | 316.36 billion current LCU | 10 |
| 2020s | -154.71 billion current LCU | -235.89 billion current LCU | -47.09 billion current LCU | 4 |
Countries ranked near Iceland
More public sector data for Iceland
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Iceland?
- Net lending (+) / net borrowing (-) in Iceland was -47.09 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Iceland?
- The highest recorded value was 316.36 billion current LCU in 2016.
- What is the lowest net lending (+) / net borrowing (-) recorded in Iceland?
- The lowest recorded value was -235.89 billion current LCU in 2021.
- How does Iceland rank for net lending (+) / net borrowing (-)?
- Iceland ranks 94th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Iceland?
- Over the last ten years it is down 196.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.