Financial and Mortgage Portfolio Overview
Private sector debt
% of GDP
Domestic balance sheets still healthy
Economy-wide leverage remains moderate in comparison with peers and historical levels
Corporate debt
% of GDP
400
300
350
250
300
200
250
200
150
150
100
100
50
50
0
0
T
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1
2003
2022
2005
-Iceland
2007
2009
Denmark
2011
Sweden
2013
2015
2017
2019
2021
-Finland
-Ireland
Norway
■Households
■Businesses (excl. financial)
Household debt
% of GDP
160
140
120
100
80
60
40
20
20
General government gross financial liabilities
% of GDP
160
140
120
100
80
60
40
20
0
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Denmark
―Iceland
Sweden ―Netherlands
Q1
Norway
2010
-Ireland
2011 2012
■Iceland
2013 2014
■ UK
2015 2016 2017 2018 2019
■ USA
■ Euro area
2020
2021 2022 2023
OECD avg
Shaded areas indicate OECD forecasts.
Source: Central Bank of Iceland, Statistics Iceland, OECD and ISB Research.
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August-September 2022View entire presentation