Iceland Debt to GDP Ratio 1960-2024

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 88.46%, a 8.22% decline from 2021.
  • Iceland debt to gdp ratio for 2021 was 96.68%, a 3.93% decline from 2020.
  • Iceland debt to gdp ratio for 2020 was 100.61%, a 10.5% increase from 2019.
  • Iceland debt to gdp ratio for 2019 was 90.11%, a 8.15% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
United States 115.70%
Iceland 88.46%
Bahamas 83.68%
Canada 61.42%
Australia 57.97%
New Zealand 54.27%
Aruba 0.00%
Bahrain 0.00%
Chile 0.00%
Estonia 0.00%
Guam 0.00%
Italy 0.00%
Latvia 0.00%
Norway 0.00%
French Polynesia 0.00%
Sint Maarten (Dutch part) 0.00%
Belgium 0.00%
Channel Islands 0.00%
Spain 0.00%
Greenland 0.00%
Israel 0.00%
Luxembourg 0.00%
Netherlands 0.00%
Portugal 0.00%
Sweden 0.00%
Virgin Islands (U.S.) 0.00%
Austria 0.00%
Switzerland 0.00%
Denmark 0.00%
Greece 0.00%
Lithuania 0.00%
New Caledonia 0.00%
Puerto Rico 0.00%
Slovenia 0.00%
British Virgin Islands 0.00%
Germany 0.00%
Gibraltar 0.00%
Ireland 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Poland 0.00%
Slovak Republic 0.00%
Antigua and Barbuda 0.00%
Brunei 0.00%
Czech Republic 0.00%
United Kingdom 0.00%
Isle of Man 0.00%
Kuwait 0.00%
Malta 0.00%
Palau 0.00%
San Marino 0.00%
Uruguay 0.00%
Argentina 0.00%
Barbados 0.00%
Cyprus 0.00%
Faroe Islands 0.00%
Hungary 0.00%
South Korea 0.00%
Monaco 0.00%
Panama 0.00%
Singapore 0.00%
Trinidad and Tobago 0.00%
UAE 0.00%
Bermuda 0.00%
Cayman Islands 0.00%
France 0.00%
Croatia 0.00%
St. Kitts and Nevis 0.00%
St. Martin (French part) 0.00%
Oman 0.00%
Saudi Arabia 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Finland 0.00%
Hong Kong 0.00%
Japan 0.00%
Macao 0.00%
Qatar 0.00%
Seychelles 0.00%
Iceland Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 88.46% -8.22%
2021 96.68% -3.93%
2020 100.61% 10.50%
2019 90.11% 8.15%
2018 81.96% -8.48%
2017 90.44% -12.92%
2016 103.36% -14.01%
2015 117.37% -18.43%
2014 135.80% -5.16%
2013 140.95% -11.79%
2012 152.74% -4.18%
2011 156.92% 6.28%
2010 150.63% 4.89%
2009 145.75% 16.01%
2008 129.74% 45.48%
2007 84.26% -2.72%
2006 86.98% 2.26%
2005 84.72% 36.44%
2004 48.28% -6.16%
2003 54.44% -1.85%
2002 56.30% -3.99%
2001 60.28% 2.03%
2000 58.26% -0.90%
1999 59.16% -4.02%
1998 63.18% -5.29%
1997 68.47% 22.77%
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% 29.91%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%