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 45th of 174 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.
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 share gdp 3.65 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 3.65 (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
- Rural population 5.8% (2025)
- Rural population growth 0.9% (2025)
- Rural population 22,689 (2025)
- Agriculture, forestry, and fishing, value added 3.7% (2025)
- Agriculture, forestry, and fishing, value added 1.41 billion current US$ (2025)
- Cereal yield vs gdp per capita 2.43 (2023)
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 45th out of 174 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.