Bank assets as a share of GDP reached 139 % in 2020 in Iceland, according to the National Central Bank. This is 14.0 % more than in the previous year.
Historically, bank assets as a share of GDP in Iceland reached an all time high of 704 % in 2007 and an all time low of % in. When compared to Iceland's main peers, bank assets as a share of GDP in Sweden amounted to 162 % and 427 % in United Kingdom in 2020.
Iceland has been ranked 9th within the group of 53 countries we follow in terms of bank assets as a share of GDP, 24 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.