Total financial assets of Iceland’s domestic sector stood at 35,022 billion ISK in year-end 2021 according to preliminary data or 1,077% of Gross Domestic Product (GDP). Total financial liabilities stood at 33,618 billion ISK or 1,034% of GDP. Net financial assets of the domestic sector were therefore positive by 1,404 billion ISK at the end of 2021, but were positive by ISK 978.7 billion the year before.

Financial assets of households stood at 9,974 billion ISK, while financial liabilities stood at 2,779 billion ISK at the end of 2021, or 307% and 85% of GDP, respectively. Households’ net financial assets increased from approximately 6,168 billion ISK in 2020 to 7,195 billion in 2021.

Financial assets of non-financial corporations stood at 4,654 billion ISK, while liabilities stood at 9,119 billion ISK.

Total financial assets of financial corporations stood at 17,777 billion ISK, while liabilities stood at 18,097 billion ISK at the end of 2021.

At the end of 2021, the financial assets of the general government stood at 2,497 billion ISK, or 77% of GDP, while liabilities stood at 3,608 billion ISK, or 111% of GDP.

The foreign sector’s financial assets with a domestic counterpart stood at 3,822 billion ISK, or 118% of GDP, while the liabilities stood at 5,210 billion ISK, or 160% of GDP.

The next publication of financial accounts will be in September 2023.