Gross debt, General government, Percent of fiscal year GDP in Iceland
Iceland: Gross debt, General government, Percent of fiscal year GDP was 67.59 in 2015. ◆ Volatile
Gross debt, General government, Percent of fiscal year GDP in Iceland, 1951–2015
Source: International Monetary Fund.
Analysis
In 2015, gross debt, general government, percent of fiscal year gdp in Iceland stood at 67.59.
That represents a change of down 18.1% on the previous year and up 175.1% over ten years.
Over the whole period, gross debt, general government, percent of fiscal year gdp in Iceland peaked at 95.13 in 2011 and was at its lowest, 5.32, in 1959.
That places Iceland 51st out of 188 countries with data for 2015, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Percent of fiscal year GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1951 | 15.96 | — |
| 1952 | 15.07 | -5.6% |
| 1953 | 11.77 | -21.9% |
| 1954 | 10.13 | -13.9% |
| 1955 | 9.34 | -7.8% |
| 1956 | 7.35 | -21.3% |
| 1957 | 7.24 | -1.5% |
| 1958 | 5.53 | -23.5% |
| 1959 | 5.32 | -3.9% |
| 1960 | 8.73 | +64.2% |
| 1961 | 8.33 | -4.5% |
| 1962 | 7.33 | -12.1% |
| 1963 | 7.75 | +5.7% |
| 1964 | 6.64 | -14.3% |
| 1972 | 14.84 | +123.6% |
| 1973 | 11.78 | -20.7% |
| 1974 | 12.73 | +8.1% |
| 1975 | 16.68 | +31.1% |
| 1976 | 17.19 | +3.1% |
| 1977 | 18.68 | +8.6% |
| 1978 | 19.85 | +6.2% |
| 1979 | 20.99 | +5.8% |
| 1981 | 23.03 | +9.7% |
| 1982 | 29.79 | +29.3% |
| 1983 | 31.52 | +5.8% |
| 1984 | 33.23 | +5.4% |
| 1985 | 32.77 | -1.4% |
| 1986 | 30.5 | -6.9% |
| 1987 | 27.94 | -8.4% |
| 1988 | 31.24 | +11.8% |
| 1989 | 35.99 | +15.2% |
| 1990 | 36.22 | +0.6% |
| 1991 | 38.39 | +6.0% |
| 1992 | 46.24 | +20.5% |
| 1993 | 53.14 | +14.9% |
| 1994 | 55.66 | +4.8% |
| 1995 | 58.94 | +5.9% |
| 1996 | 56.3 | -4.5% |
| 1997 | 53.08 | -5.7% |
| 1998 | 47.86 | -9.8% |
| 1999 | 43.41 | -9.3% |
| 2000 | 41.04 | -5.5% |
| 2001 | 45.89 | +11.8% |
| 2002 | 39.65 | -13.6% |
| 2003 | 38.45 | -3.0% |
| 2004 | 33.04 | -14.1% |
| 2005 | 24.57 | -25.6% |
| 2006 | 29.3 | +19.3% |
| 2007 | 27.33 | -6.7% |
| 2008 | 67.56 | +147.2% |
| 2009 | 82.87 | +22.7% |
| 2010 | 88.27 | +6.5% |
| 2011 | 95.13 | +7.8% |
| 2012 | 92.61 | -2.6% |
| 2013 | 84.81 | -8.4% |
| 2014 | 82.51 | -2.7% |
| 2015 | 67.59 | -18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 9.75 | 5.32 | 15.96 | 9 |
| 1960s | 7.76 | 6.64 | 8.73 | 5 |
| 1970s | 16.59 | 11.78 | 20.99 | 8 |
| 1980s | 30.67 | 23.03 | 35.99 | 9 |
| 1990s | 48.92 | 36.22 | 58.94 | 10 |
| 2000s | 42.97 | 24.57 | 82.87 | 10 |
| 2010s | 85.15 | 67.59 | 95.13 | 6 |
Countries ranked near Iceland
- 48 India 69.07 compare
- 49 Seychelles 69 compare
- 50 Saint Kitts and Nevis 67.76 compare
- 52 Montenegro 67.23 compare
- 53 Yemen 66.67 compare
- 54 Kyrgyzstan 66.04 compare
More external debt data for Iceland
- Other investment, Debt instruments 6.68 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 12.88 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 2.95 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 17,018 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.1731 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 9.22 billion (2025)
- Net lending (+) / net borrowing (-), General government, Percent of -0.0418 (2030)
- Other investment, Debt instruments, Deposit taking corporations 50.67 % change on previous year (2025)
- Primary net lending (+) / net borrowing (-), General government 1.75 (2030)
- Other investment, Debt instruments, Deposit taking corporations 7,520 US dollar per person (2025)
Frequently asked questions
- What is gross debt, general government, percent of fiscal year gdp in Iceland?
- Gross debt, general government, percent of fiscal year gdp in Iceland was 67.59 in 2015, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of fiscal year gdp recorded in Iceland?
- The highest recorded value was 95.13 in 2011.
- What is the lowest gross debt, general government, percent of fiscal year gdp recorded in Iceland?
- The lowest recorded value was 5.32 in 1959.
- How does Iceland rank for gross debt, general government, percent of fiscal year gdp?
- Iceland ranks 51st out of 188 countries with data for 2015.
- Is gross debt, general government, percent of fiscal year gdp rising or falling in Iceland?
- Over the last ten years it is up 175.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of fiscal year GDP. Statizoid updates them automatically from the source API.
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About this data
The Historical Public Debt Database contains unbalanced panel data on Gross Domestic Product, Gross Government Debt, and Debt to GDP Ratio for 187 countries. The series spans the years 1800 through 2015 although each country’s data depends on its date of independence and data availability.