Annual national net: Net lending (+) / net borrowing (-) in Iceland
Iceland: Annual national net: Net lending (+) / net borrowing (-) was -1,070 US dollars, PPP converted in 2024. ◆ Volatile
Annual national net lending/net borrowing, US $, current prices in Iceland, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
The most recent figure for annual national net lending/net borrowing, us $, current prices in Iceland is -1,070 US dollars, PPP converted, measured in 2024.
That represents a change of down 152.7% on the previous year and down 243.1% over ten years.
Over the whole period, annual national net lending/net borrowing, us $, current prices in Iceland peaked at 1,628 US dollars, PPP converted in 2019 and was at its lowest, -2,924 US dollars, PPP converted, in 2008.
Iceland ranks 19th of 37 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.
Annual national net: Net lending (+) / net borrowing (-) in Iceland, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 2000 | -849.76 US dollars, PPP converted | — |
| 2001 | -383.1 US dollars, PPP converted | -54.9% |
| 2002 | 116.06 US dollars, PPP converted | -130.3% |
| 2003 | -460.18 US dollars, PPP converted | -496.5% |
| 2004 | -1,043 US dollars, PPP converted | +126.6% |
| 2005 | -1,756 US dollars, PPP converted | +68.4% |
| 2006 | -2,769 US dollars, PPP converted | +57.7% |
| 2007 | -1,810 US dollars, PPP converted | -34.6% |
| 2008 | -2,924 US dollars, PPP converted | +61.6% |
| 2009 | -1,189 US dollars, PPP converted | -59.3% |
| 2010 | -761.21 US dollars, PPP converted | -36.0% |
| 2011 | -607.52 US dollars, PPP converted | -20.2% |
| 2012 | -408.68 US dollars, PPP converted | -32.7% |
| 2013 | 975.31 US dollars, PPP converted | -338.7% |
| 2014 | 747.53 US dollars, PPP converted | -23.4% |
| 2015 | 1,024 US dollars, PPP converted | +37.0% |
| 2016 | 1,610 US dollars, PPP converted | +57.2% |
| 2017 | 935.44 US dollars, PPP converted | -41.9% |
| 2018 | 902.85 US dollars, PPP converted | -3.5% |
| 2019 | 1,628 US dollars, PPP converted | +80.3% |
| 2020 | 395.69 US dollars, PPP converted | -75.7% |
| 2021 | -595.52 US dollars, PPP converted | -250.5% |
| 2022 | -518.15 US dollars, PPP converted | -13.0% |
| 2023 | -423.32 US dollars, PPP converted | -18.3% |
| 2024 | -1,070 US dollars, PPP converted | +152.7% |
Iceland compared with similar countries
- Iceland's -1,070 US dollars, PPP converted is below the median for high income countries, which is 10,325 US dollars, PPP converted. (29 countries reporting)
- Iceland's -1,070 US dollars, PPP converted is below the median for Europe & Central Asia, which is 8,267 US dollars, PPP converted. (22 countries reporting)
Biggest year-on-year movements
Years where Annual national net: 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 |
|---|---|---|---|
| 2003 | -496.5% | 116.06 US dollars, PPP converted | -460.18 US dollars, PPP converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1,307 US dollars, PPP converted | -2,924 US dollars, PPP converted | 116.06 US dollars, PPP converted | 10 |
| 2010s | 604.55 US dollars, PPP converted | -761.21 US dollars, PPP converted | 1,628 US dollars, PPP converted | 10 |
| 2020s | -442.17 US dollars, PPP converted | -1,070 US dollars, PPP converted | 395.69 US dollars, PPP converted | 5 |
Countries ranked near Iceland
- 16 Austria 10,325 US dollars, PPP converted compare
- 17 Finland 6,209 US dollars, PPP converted compare
- 18 France 5,638 US dollars, PPP converted compare
- 20 Costa Rica -1,436 US dollars, PPP converted compare
- 21 Bulgaria -3,780 US dollars, PPP converted compare
- 22 Luxembourg -4,249 US dollars, PPP converted compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual national net lending/net borrowing, us $, current prices in Iceland?
- Annual national net lending/net borrowing, us $, current prices in Iceland was -1,070 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual national net lending/net borrowing, us $, current prices recorded in Iceland?
- The highest recorded value was 1,628 US dollars, PPP converted in 2019.
- What is the lowest annual national net lending/net borrowing, us $, current prices recorded in Iceland?
- The lowest recorded value was -2,924 US dollars, PPP converted in 2008.
- How does Iceland rank for annual national net lending/net borrowing, us $, current prices?
- Iceland ranks 19th out of 37 countries with data for 2024.
- Is annual national net lending/net borrowing, us $, current prices rising or falling in Iceland?
- Over the last ten years it is down 243.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual national net lending/net borrowing, US $, current prices, current PPPs — Net lending (+) / net borrowing (-). Statizoid updates them automatically from the source API.
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About this data
This table presents countries' annual national net lending or net borrowing. Net lending (positive sign) or net borrowing (negative sign) is the balancing item at the end of the capital account in the sequence of economic accounts, and also appears in the financial accounts. It represents the surplus resources that are available for borrowing, or the deficit, which means that borrowing is required. The data is in US dollars converted using Purchasing Power Parities (PPPs) and in current prices. The indicators were presented in the previous dissemination system in the SNA_TABLE2 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org