Which has higher gross debt, percent of own revenue, Iceland or Latvia?

Iceland, at 2.39 against 2.22 in Latvia as of 2020.

How many years of comparable data are there for Iceland and Latvia?

23 years are reported by both, from 1998 to 2020.

Where does this data come from?

International Monetary Fund, published as Gross debt, Percent of own revenue (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Latvia: Gross debt, Percent of own revenue

Iceland

2.39

in 2020

Latvia

2.22

in 2020

Iceland rank

12th

Latvia rank

14th

Gross debt, Percent of own revenue over time

Iceland
Latvia

How they compare

Iceland currently reports 2.39 against 2.22 in Latvia, a difference of 0.17.

That makes Iceland's figure about 1.1 times Latvia's.

The two have swapped places 2 times across 23 shared years of data; in 1998 it was Iceland ahead.

Iceland ranks 12th and Latvia ranks 14th of 23 countries.

Iceland has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Iceland	Latvia	Difference	Ahead
1990s	1.07	0.5255	0.547	Iceland
2000s	1.63	0.7691	0.8595	Iceland
2010s	2.83	2.02	0.8096	Iceland
2020s	2.39	2.22	0.174	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross debt, percent of own revenue, Iceland or Latvia?: Iceland, at 2.39 against 2.22 in Latvia as of 2020.
What is the difference in gross debt, percent of own revenue between Iceland and Latvia?: 0.17, with Iceland ahead.
How many years of comparable data are there for Iceland and Latvia?: 23 years are reported by both, from 1998 to 2020.
How do Iceland and Latvia rank globally for gross debt, percent of own revenue?: Iceland ranks 12th and Latvia ranks 14th of 23 countries.
Where does this data come from?: International Monetary Fund, published as Gross debt, Percent of own revenue (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Latvia: Gross debt, Percent of own revenue. Statizoid, drawing on International Monetary Fund. Retrieved 13 September 2026, from https://debt.statizoid.com/compare/gross-debt-percent-of-own-revenue-central-government/iceland/latvia/

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About this data

Indicator: Gross debt, Percent of own revenue (Central government)
Source: International Monetary Fund
Licence: IMF Terms and Conditions (attribution required)
Coverage: 23 places, 512 data points, 1990–2020
Last refreshed: 19 August 2026

The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.