Total financial assets of Iceland’s domestic sector stood at 31,770 billion ISK or 1,085% of Gross Domestic Product (GDP) in year-end 2020. Total financial liabilities stood at 30,792 billion ISK or 1,051% of GDP according to newly updated figures from Statistics Iceland.
Financial assets of households stood at 8,702 billion ISK, while financial liabilities stood at 2,534 billion ISK at the end of 2020, or 297% and 87% of GDP, respectively.
Financial assets of non-financial corporations stood at 4,437 billion ISK according to the revised data, while liabilities stood at 8,816 billion ISK.
Total financial assets of financial corporations stood at 16,052 billion ISK, while liabilities stood at 16,067 billion ISK at the end of 2020.
At the end of 2020, the financial assets of the general government stood at 2,471 billion ISK, or 84% of GDP, while liabilities stood at 3,366 billion ISK or 115% of GDP.
The foreign sector’s financial assets stood at 3,506 billion ISK or 120% of GDP, while the liabilities stood at 4,470 billion ISK or 153% of GDP.
The next publication of financial accounts will be in September 2022.