Commercial bank branches in Iceland
Iceland: Commercial bank branches was 20.44 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Iceland, 2004–2024
Source: IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Measured in per 100,000 adults.
Analysis
Iceland recorded 20.44 per 100,000 adults for commercial bank branches in 2024. That is the lowest value across all 21 years on record.
The figure is down 12.2% on the previous year and down 49.3% over ten years.
Over the whole period, commercial bank branches in Iceland peaked at 90.99 per 100,000 adults in 2004 and was at its lowest, 20.44 per 100,000 adults, in 2024.
Iceland ranks 41st of 184 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in Iceland, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 90.99 per 100,000 adults | — |
| 2005 | 86.05 per 100,000 adults | -5.4% |
| 2006 | 77.2 per 100,000 adults | -10.3% |
| 2007 | 72.82 per 100,000 adults | -5.7% |
| 2008 | 69.29 per 100,000 adults | -4.8% |
| 2009 | 60.73 per 100,000 adults | -12.4% |
| 2010 | 57.66 per 100,000 adults | -5.1% |
| 2011 | 52.27 per 100,000 adults | -9.4% |
| 2012 | 47.19 per 100,000 adults | -9.7% |
| 2013 | 43.17 per 100,000 adults | -8.5% |
| 2014 | 40.31 per 100,000 adults | -6.6% |
| 2015 | 36.36 per 100,000 adults | -9.8% |
| 2016 | 35.35 per 100,000 adults | -2.8% |
| 2017 | 34.39 per 100,000 adults | -2.7% |
| 2018 | 31.22 per 100,000 adults | -9.2% |
| 2019 | 30.08 per 100,000 adults | -3.6% |
| 2020 | 27.87 per 100,000 adults | -7.4% |
| 2021 | 26.39 per 100,000 adults | -5.3% |
| 2022 | 25.34 per 100,000 adults | -4.0% |
| 2023 | 23.27 per 100,000 adults | -8.2% |
| 2024 | 20.44 per 100,000 adults | -12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76.18 per 100,000 adults | 60.73 per 100,000 adults | 90.99 per 100,000 adults | 6 |
| 2010s | 40.8 per 100,000 adults | 30.08 per 100,000 adults | 57.66 per 100,000 adults | 10 |
| 2020s | 24.66 per 100,000 adults | 20.44 per 100,000 adults | 27.87 per 100,000 adults | 5 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is commercial bank branches in Iceland?
- Commercial bank branches in Iceland was 20.44 per 100,000 adults in 2024, according to IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data.
- What is the highest commercial bank branches recorded in Iceland?
- The highest recorded value was 90.99 per 100,000 adults in 2004.
- What is the lowest commercial bank branches recorded in Iceland?
- The lowest recorded value was 20.44 per 100,000 adults in 2024.
- How does Iceland rank for commercial bank branches?
- Iceland ranks 41st out of 184 countries with data for 2024.
- Is commercial bank branches rising or falling in Iceland?
- Over the last ten years it is down 49.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data, published as part of Commercial bank branches. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Number of commercial bank branches per 100,000 adults. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks to provide financial services to customers.