Iceland Debt to GDP Ratio 1990-2020

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 2016 was 73.53%, a 34.94% decline from 2012.
  • Iceland debt to gdp ratio for 2012 was 108.47%, a 0.88% decline from 2011.
  • Iceland debt to gdp ratio for 2011 was 109.35%, a 6.93% increase from 2010.
  • Iceland debt to gdp ratio for 2010 was 102.42%, a 5.5% increase from 2009.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Japan 196.58%
United Kingdom 114.97%
Singapore 109.20%
Spain 104.57%
United States 99.02%
Hungary 96.19%
Ireland 84.83%
Iceland 73.53%
Palau 67.54%
San Marino 57.31%
Bahamas 51.42%
Uruguay 50.69%
New Zealand 42.34%
South Korea 38.07%
Switzerland 19.73%
Australia 0.05%
Iceland Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2016 73.53% -34.94%
2012 108.47% -0.88%
2011 109.35% 6.93%
2010 102.42% 5.50%
2009 96.92% 18.99%
2008 77.94% 37.16%
2007 40.78% -2.12%
2006 42.90% 4.72%
2005 38.18% -10.07%
2004 48.25% -6.27%
2003 54.52% -1.93%
2002 56.44% -4.06%
2001 60.50% 2.10%
2000 58.40% -0.83%
1999 59.23% -4.02%
1998 63.25% -5.12%
1997 68.36% 22.74%
1996 45.62% -0.65%
1995 46.28% 2.24%
1994 44.04% 1.04%
1993 43.00% 5.40%
1992 37.59% 6.32%
1991 31.27% 1.40%
1990 29.87% 1.40%