Total financial assets of Iceland’s domestic sectors stood at ISK 24,553 billion, accounting for 1,109% of GDP, while financial liabilities stood at ISK 25,839 billion, accounting for 1,169% of GDP at the end of 2015. Total financial assets decreased by 2% and the liabilities by 14% between the years 2014 and 2015. The latter can be chiefly attributed to large write-offs in the national balance sheet as the agreements between the banks undergoing liquidation and their creditors were concluded at the end of 2015.


Total financial assets and liabilities of non-financial corporations registered a decrease of 7% and 4% between 2014 and 2015. This was due to an overall decrease in all assets and liabilities, except borrowing of loans, across the sector.

The asset holdings of the financial corporations sector decreased by 3% and their liabilities by 21.1% between the years following large write-offs and negotiations mentioned above. While the exact terms of the agreements, including future asset composition, are being crystallised in 2016, we will have large revisions in the data which will only be available in the next round of publication in April 2017.

The general government financial assets and liabilities’ stock stood at ISK 1,171 billion (53% of GDP) and ISK 2,240 billion (101% of GDP), respectively, at the end of 2015.

The total financial assets of the households sector stood at ISK 5,163 billion and liabilities at ISK 1,888 billion at the end of 2015. Household assets increased by almost 12% while liabilities decreased by roughly 2% between 2014 and 2015.

The financial assets of rest of the world against Iceland stood at ISK 5,269 billion and liabilities at ISK 3,974 billion, or 238% of GDP and 180% of GDP, respectively, in 2015. In comparative terms, these figures experienced a sharp decline, especially in their asset holding, by 44% and liabilities by almost 10% between 2014 and 2015.

Next scheduled publication of financial accounts: April 2017.

Financial accounts – further information on method and various classifications, see metadata.

Financial Accounts 2005-2015 - Statistical Series