Iceland Debt to GDP Ratio 1990-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Iceland debt to gdp ratio for 2022 was 87.52%, a 9.2% decline from 2021.
  • Iceland debt to gdp ratio for 2021 was 96.71%, a 4.54% decline from 2020.
  • Iceland debt to gdp ratio for 2020 was 101.25%, a 12.32% increase from 2019.
  • Iceland debt to gdp ratio for 2019 was 88.93%, a 7.87% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Japan 216.21%
Greece 203.29%
Singapore 157.36%
United Kingdom 142.28%
Italy 139.00%
Cyprus 125.92%
Portugal 119.40%
United States 110.39%
Spain 104.79%
France 98.66%
Belgium 94.04%
Iceland 87.52%
Bahamas 82.16%
Croatia 82.08%
Hungary 75.47%
Austria 75.05%
Latvia 73.87%
Slovenia 71.86%
Slovak Republic 64.51%
Finland 60.79%
Malta 59.11%
Australia 57.97%
Canada 56.09%
Netherlands 53.67%
South Korea 51.18%
Poland 50.15%
Czech Republic 46.82%
Ireland 46.71%
Germany 44.53%
Sweden 36.25%
Lithuania 36.05%
Norway 28.71%
Denmark 26.37%
Luxembourg 26.23%
Estonia 25.20%
Switzerland 18.15%
Iceland Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 87.52% -9.20%
2021 96.71% -4.54%
2020 101.25% 12.32%
2019 88.93% 7.87%
2018 81.07% -8.36%
2017 89.42% -12.89%
2016 102.32% -14.17%
2015 116.49% -18.39%
2014 134.87% -5.23%
2013 140.11% -11.73%
2012 151.83% -4.26%
2011 156.09% 7.21%
2010 148.88% 4.14%
2009 144.74% 16.63%
2008 128.11% 44.64%
2007 83.47% -2.98%
2006 86.45% 2.57%
2005 83.88% 35.26%
2004 48.62% -6.48%
2003 55.10% -2.14%
2002 57.24% -4.02%
2001 61.26% 3.06%
2000 58.20% -0.88%
1999 59.08% -4.05%
1998 63.13% -5.25%
1997 68.38% 22.68%
1996 45.70% -0.65%
1995 46.34% 2.24%
1994 44.10% 1.04%
1993 43.06% 5.41%
1992 37.65% 6.33%
1991 31.32% 1.40%
1990 29.91% 1.40%