Nonperforming Loans Statistics in Iceland (2026)
According to World Bank World Development Indicators data, bank nonperforming loans in Iceland came to 1.6% of total gross loans in 2023. Up from 1.4% in 2022 to 1.6% in 2023 (+0.2 percentage points). Iceland ranks #16 of 48 economies in Europe & Central Asia on this measure, and #28 of 144 globally.
Key Statistics
- Latest value (2023)
- 1.6% (2023)
- Nonperforming Loans in Iceland as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +0.2 pp (2023)
- Up from 1.4% in 2022 to 1.6% in 2023 (+0.2 percentage points).
- Earliest value in this dataset (2015)
- 5.9% (2015)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 5.9% in 2015 to 1.6% in 2023.
- Peak value (2015)
- 5.9% (2015)
- Highest value in the available series; the 2023 value is 1.6%.
- Rank in Europe & Central Asia (lower is better; rank 1 = lowest)
- #16 of 48 (2023)
- Iceland ranks 16 of 48 countries in Europe & Central Asia with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #28 of 144 (2023)
- Iceland ranks 28 of 144 countries with data globally. Ranked ascending because lower values are better for this metric.
- Europe & Central Asia average
- 4% (2023)
- Iceland (1.6%) is below the average of 4% across the 48 countries in Europe & Central Asia with data.
- Domestic credit to private sector (% of GDP) (2024)
- 90.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Iceland (2024)
- 98.2% (2024)
- 98.2% of the population in Iceland used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 386,506 (2024)
- Iceland had a population of 386,506 in 2024 (World Bank); shown for scale only.
Trend, 2015–2023
| Year | % of total gross loans | Change |
|---|---|---|
| 2023 | 1.6% | +0.2 pp |
| 2022 | 1.4% | −0.7 pp |
| 2021 | 2.1% | −0.8 pp |
| 2020 | 2.9% | −0.0 pp |
| 2019 | 2.9% | +0.4 pp |
| 2018 | 2.5% | −0.4 pp |
| 2017 | 2.9% | −1.3 pp |
| 2016 | 4.1% | −1.7 pp |
| 2015 | 5.9% | — |
Frequently asked questions
What is the latest figure for bank nonperforming loans in Iceland?
Bank nonperforming loans in Iceland stood at 1.6% of total gross loans in 2023, according to World Bank World Development Indicators data.
Where does the nonperforming loans data for Iceland come from?
The data comes from the World Bank World Development Indicators (indicator FB.AST.NPER.ZS). The latest observation for Iceland is from 2023; the snapshot was retrieved on 2026-06-10.
How has nonperforming loans in Iceland changed over time?
World Bank World Development Indicators data show a decline from 5.9% in 2015 to 1.6% in 2023.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.AST.NPER.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .