Iceland - Broad money (% of GDP)

Broad money (% of GDP) in Iceland was 71.84 as of 2020. Its highest value over the past 60 years was 99.86 in 2009, while its lowest value was 19.81 in 1981.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 36.63
1961 40.78
1962 42.36
1963 40.57
1964 33.00
1965 34.27
1966 31.93
1967 37.92
1968 38.34
1969 38.21
1970 37.26
1971 35.37
1972 33.30
1973 31.41
1974 27.76
1975 25.07
1976 23.68
1977 23.62
1978 22.62
1979 24.06
1980 24.67
1981 19.81
1982 21.49
1983 22.31
1984 22.66
1985 25.49
1986 25.39
1987 26.70
1988 28.33
1989 34.64
1990 33.92
1991 36.37
1992 37.80
1993 39.03
1994 37.47
1995 37.25
1996 36.91
1997 37.14
1998 38.05
1999 41.44
2000 42.02
2001 42.80
2002 46.12
2003 54.99
2004 57.80
2005 66.70
2006 92.48
2007 86.51
2008 99.71
2009 99.86
2010 86.94
2011 87.51
2012 79.88
2013 78.30
2014 78.22
2015 74.55
2016 65.40
2017 65.32
2018 64.90
2019 64.57
2020 71.84

Aggregation method: Weighted average

Periodicity: Annual

General Comments: The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)