Total financial assets of Iceland’s domestic sector stood at 40.478 billion ISK in year-end 2023 according to preliminary data or 937% of Gross Domestic Product (GDP). Total financial liabilities stood at 38,810 billion ISK or 898% of GDP. Net financial assets of the domestic sector were therefore positive by 1,667 billion ISK at the end of 2023 but were positive by 984 billion ISK the year before.
Financial assets of households stood at 11,141 billion ISK, while financial liabilities stood at 3,186 billion ISK at the end of 2023, or 258% and 74% of GDP, respectively. Households’ net financial assets increased from approximately 7,196 billion ISK in 2022 to 7,955 billion ISK in 2023.
Financial assets of non-financial corporations stood at 7,545 billion ISK at the end of 2023, while liabilities stood at 12,450 billion ISK.
Total financial assets of financial corporations stood at 19,063 billion ISK, while liabilities stood at 19,008 billion ISK at the end of 2023.
At the end of 2023, the financial assets of the general government stood at 2,590 billion ISK, or 60% of GDP, while liabilities stood at 4,143 billion ISK, or 96% of GDP.
The foreign sector’s financial assets with a domestic counterpart stood at 4,217 billion ISK, or 98% of GDP at the end of 2023, while the liabilities stood at 5,866 billion ISK, or 136% of GDP.