Total Credit — Value Standard Local Currency in Iceland
Iceland: Total Credit — Value Standard Local Currency was 4.16 million million SLC in 2024. ◆ Volatile
Total Credit — Value Standard Local Currency in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total credit — value standard local currency in Iceland is 4.16 million million SLC, measured in 2024. That is the highest value across all 34 years on record.
The figure is up 8.1% on the previous year and up 111.3% over ten years.
Over the whole period, total credit — value standard local currency in Iceland peaked at 4.16 million million SLC in 2024 and was at its lowest, 175,567 million SLC, in 1991.
Iceland ranks 41st of 165 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 175,567 million SLC | — |
| 1992 | 188,055 million SLC | +7.1% |
| 1993 | 193,973 million SLC | +3.1% |
| 1994 | 196,670 million SLC | +1.4% |
| 1995 | 209,395 million SLC | +6.5% |
| 1996 | 237,207 million SLC | +13.3% |
| 1997 | 349,025 million SLC | +47.1% |
| 1998 | 376,366 million SLC | +7.8% |
| 1999 | 461,090 million SLC | +22.5% |
| 2000 | 663,651 million SLC | +43.9% |
| 2001 | 762,971 million SLC | +15.0% |
| 2002 | 858,886 million SLC | +12.6% |
| 2003 | 1.10 million million SLC | +27.7% |
| 2004 | 1.53 million million SLC | +39.6% |
| 2005 | 2.54 million million SLC | +66.1% |
| 2006 | 3.73 million million SLC | +46.8% |
| 2007 | 3.42 million million SLC | -8.4% |
| 2008 | 3.07 million million SLC | -10.4% |
| 2009 | 2.81 million million SLC | -8.4% |
| 2010 | 2.68 million million SLC | -4.4% |
| 2011 | 2.41 million million SLC | -10.3% |
| 2012 | 2.17 million million SLC | -9.7% |
| 2013 | 2.11 million million SLC | -2.9% |
| 2014 | 1.97 million million SLC | -6.9% |
| 2015 | 2.02 million million SLC | +2.5% |
| 2016 | 2.11 million million SLC | +4.9% |
| 2017 | 2.29 million million SLC | +8.5% |
| 2018 | 2.59 million million SLC | +12.7% |
| 2019 | 2.69 million million SLC | +3.9% |
| 2020 | 2.94 million million SLC | +9.3% |
| 2021 | 3.32 million million SLC | +13.2% |
| 2022 | 3.68 million million SLC | +10.8% |
| 2023 | 3.85 million million SLC | +4.5% |
| 2024 | 4.16 million million SLC | +8.1% |
Iceland compared with similar countries
- Iceland's 4.16 million million SLC is above the median for high income countries, which is 263,838 million SLC, 15.7× the median. (52 countries reporting)
- Iceland's 4.16 million million SLC is above the median for Europe & Central Asia, which is 367,788 million SLC, 11.3× the median. (42 countries reporting)
Biggest year-on-year movements
Years where Total Credit — Value Standard Local Currency 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 |
|---|---|---|---|
| 2005 | +66.1% | 1.53 million million SLC | 2.54 million million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 265,261 million SLC | 175,567 million SLC | 461,090 million SLC | 9 |
| 2000s | 2.05 million million SLC | 663,651 million SLC | 3.73 million million SLC | 10 |
| 2010s | 2.30 million million SLC | 1.97 million million SLC | 2.69 million million SLC | 10 |
| 2020s | 3.59 million million SLC | 2.94 million million SLC | 4.16 million million SLC | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Share of GDP from agriculture 3.7% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.7% (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is total credit — value standard local currency in Iceland?
- Total credit — value standard local currency in Iceland was 4.16 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Iceland?
- The highest recorded value was 4.16 million million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Iceland?
- The lowest recorded value was 175,567 million SLC in 1991.
- How does Iceland rank for total credit — value standard local currency?
- Iceland ranks 41st out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Iceland?
- Over the last ten years it is up 111.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.