Lending interest rate in Iceland
Iceland: Lending interest rate was 11.0% in 2025. ◆ Volatile
Lending interest rate in Iceland, 1982–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Iceland is 11.0%, measured in 2025.
The figure is down 11.6% on the previous year and up 44.7% over ten years.
Over the whole period, lending interest rate in Iceland peaked at 47.0% in 1982 and was at its lowest, 5.4%, in 2021.
Iceland ranks 54th of 148 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 |
|---|---|---|---|---|
| 1980s | 31.1% | 18.8% | 47.0% | 8 |
| 1990s | 13.4% | 10.6% | 17.5% | 10 |
| 2000s | 16.5% | 11.9% | 20.1% | 10 |
| 2010s | 7.9% | 7.0% | 10.3% | 10 |
| 2020s | 9.0% | 5.4% | 12.5% | 6 |
Countries ranked near Iceland
More financial sector data for Iceland
- Net migration 2,709 (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Domestic credit to private sector by banks 89.2% (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Claims on central government, etc. -3.9% (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Domestic credit to private sector 89.2% (2025)
- Broad money 67.4% (2024)
- Official exchange rate 128.44 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Iceland?
- Lending interest rate in Iceland was 11.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Iceland?
- The highest recorded value was 47.0% in 1982.
- What is the lowest lending interest rate recorded in Iceland?
- The lowest recorded value was 5.4% in 2021.
- How does Iceland rank for lending interest rate?
- Iceland ranks 54th out of 148 countries with data for 2025.
- Is lending interest rate rising or falling in Iceland?
- Over the last ten years it is up 44.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.