Total Credit — Value US$ in Iceland
Iceland: Total Credit — Value US$ was 30,119 million USD in 2024. ◆ Volatile
Total Credit — Value US$ in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total credit — value us$ in Iceland is 30,119 million USD, measured in 2024.
That represents a change of up 8.0% on the previous year and up 78.9% over ten years.
Over the whole period, total credit — value us$ in Iceland peaked at 53,397 million USD in 2007 and was at its lowest, 2,812 million USD, in 1994.
That places Iceland 66th out of 166 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value US$ in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 2,976 million USD | — |
| 1992 | 3,268 million USD | +9.8% |
| 1993 | 2,869 million USD | -12.2% |
| 1994 | 2,812 million USD | -2.0% |
| 1995 | 3,237 million USD | +15.1% |
| 1996 | 3,567 million USD | +10.2% |
| 1997 | 4,922 million USD | +38.0% |
| 1998 | 5,304 million USD | +7.8% |
| 1999 | 6,374 million USD | +20.2% |
| 2000 | 8,442 million USD | +32.4% |
| 2001 | 7,831 million USD | -7.2% |
| 2002 | 9,370 million USD | +19.6% |
| 2003 | 14,303 million USD | +52.6% |
| 2004 | 21,816 million USD | +52.5% |
| 2005 | 40,373 million USD | +85.1% |
| 2006 | 53,195 million USD | +31.8% |
| 2007 | 53,397 million USD | +0.4% |
| 2008 | 34,852 million USD | -34.7% |
| 2009 | 22,703 million USD | -34.9% |
| 2010 | 21,945 million USD | -3.3% |
| 2011 | 20,760 million USD | -5.4% |
| 2012 | 17,383 million USD | -16.3% |
| 2013 | 17,282 million USD | -0.6% |
| 2014 | 16,838 million USD | -2.6% |
| 2015 | 15,281 million USD | -9.2% |
| 2016 | 17,506 million USD | +14.6% |
| 2017 | 21,470 million USD | +22.6% |
| 2018 | 23,874 million USD | +11.2% |
| 2019 | 21,915 million USD | -8.2% |
| 2020 | 21,684 million USD | -1.1% |
| 2021 | 26,165 million USD | +20.7% |
| 2022 | 27,213 million USD | +4.0% |
| 2023 | 27,876 million USD | +2.4% |
| 2024 | 30,119 million USD | +8.0% |
Iceland compared with similar countries
- Iceland's 30,119 million USD is below the median for high income countries, which is 78,085 million USD, 39% of the median. (52 countries reporting)
- Iceland's 30,119 million USD is below the median for Europe & Central Asia, which is 43,331 million USD, 70% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,926 million USD | 2,812 million USD | 6,374 million USD | 9 |
| 2000s | 26,628 million USD | 7,831 million USD | 53,397 million USD | 10 |
| 2010s | 19,425 million USD | 15,281 million USD | 23,874 million USD | 10 |
| 2020s | 26,611 million USD | 21,684 million USD | 30,119 million USD | 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 us$ in Iceland?
- Total credit — value us$ in Iceland was 30,119 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value us$ recorded in Iceland?
- The highest recorded value was 53,397 million USD in 2007.
- What is the lowest total credit — value us$ recorded in Iceland?
- The lowest recorded value was 2,812 million USD in 1994.
- How does Iceland rank for total credit — value us$?
- Iceland ranks 66th out of 166 countries with data for 2024.
- Is total credit — value us$ rising or falling in Iceland?
- Over the last ten years it is up 78.9%. 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 US$. 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.