Iceland recorded a Government Debt to GDP of 68.90 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Iceland averaged 67.84 percent of GDP from 1980 until 2023, reaching an all time high of 138.20 percent of GDP in 2011 and a record low of 23.00 percent of GDP in 1981. source: Central Bank of Iceland

Government Debt to GDP in Iceland is expected to reach 58.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Debt to GDP is projected to trend around 55.00 percent of GDP in 2026 and 52.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Asylum Applications 120.00 125.00 persons Dec 2024
Credit Rating 76.00 Mar 2025
Fiscal Expenditure 526.40 565.50 ISK Billion Sep 2024
Government Budget -2.00 -4.00 percent of GDP Dec 2023
Government Budget Value -37.00 -79.90 ISK Billion Sep 2024
Government Debt to GDP 64.80 67.40 percent of GDP Dec 2023
Government Revenues 489.40 485.60 ISK Billion Sep 2024
Government Spending 180411.00 174794.00 ISK Million Dec 2024
Government Spending to GDP 45.10 46.50 percent of GDP Dec 2023
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Iceland Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
64.80 67.40 138.20 23.00 1980 - 2023 percent of GDP Yearly