Gross debt, General government, Percent of GDP in Iceland
Iceland: Gross debt, General government, Percent of GDP was 37.77 in 2030. ▼ Falling
Latest (2030)
37.77
Change on year
down 4.3%
World rank
137th
of 193 countries
All-time high
136.63
in 2011
All-time low
37.61
in 1991
Years of data
40
1991–2030
Gross debt, General government, Percent of GDP in Iceland, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, gross debt, general government, percent of gdp in Iceland stood at 37.77.
That represents a change of down 4.3% on the previous year and down 50.4% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Iceland peaked at 136.63 in 2011 and was at its lowest, 37.61, in 1991.
Iceland ranks 137th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 40 years of available data.
Gross debt, General government, Percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 37.61 | — |
| 1992 | 45.4 | +20.7% |
| 1993 | 52.29 | +15.2% |
| 1994 | 54.81 | +4.8% |
| 1995 | 58.07 | +6.0% |
| 1996 | 55.57 | -4.3% |
| 1997 | 51.06 | -8.1% |
| 1998 | 43.27 | -15.2% |
| 1999 | 75.54 | +74.6% |
| 2000 | 74.85 | -0.9% |
| 2001 | 82.5 | +10.2% |
| 2002 | 81.31 | -1.4% |
| 2003 | 84.07 | +3.4% |
| 2004 | 80.06 | -4.8% |
| 2005 | 67.75 | -15.4% |
| 2006 | 69.83 | +3.1% |
| 2007 | 67.45 | -3.4% |
| 2008 | 109.31 | +62.1% |
| 2009 | 128.21 | +17.3% |
| 2010 | 131.5 | +2.6% |
| 2011 | 136.63 | +3.9% |
| 2012 | 132.2 | -3.2% |
| 2013 | 121.06 | -8.4% |
| 2014 | 114.12 | -5.7% |
| 2015 | 96.32 | -15.6% |
| 2016 | 81.33 | -15.6% |
| 2017 | 70.79 | -13.0% |
| 2018 | 62.26 | -12.1% |
| 2019 | 65.72 | +5.6% |
| 2020 | 76.09 | +15.8% |
| 2021 | 73.59 | -3.3% |
| 2022 | 66.45 | -9.7% |
| 2023 | 61.55 | -7.4% |
| 2024 | 59.45 | -3.4% |
| 2025 | 47.42 | -20.2% |
| 2026 | 44.94 | -5.2% |
| 2027 | 43.03 | -4.3% |
| 2028 | 41.21 | -4.2% |
| 2029 | 39.48 | -4.2% |
| 2030 | 37.77 | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 52.62 | 37.61 | 75.54 | 9 |
| 2000s | 84.53 | 67.45 | 128.21 | 10 |
| 2010s | 101.19 | 62.26 | 136.63 | 10 |
| 2020s | 55.32 | 39.48 | 76.09 | 10 |
| 2030s | 37.77 | 37.77 | 37.77 | 1 |
Countries ranked near Iceland
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 gdp in Iceland?
- Gross debt, general government, percent of gdp in Iceland was 37.77 in 2030, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Iceland?
- The highest recorded value was 136.63 in 2011.
- What is the lowest gross debt, general government, percent of gdp recorded in Iceland?
- The lowest recorded value was 37.61 in 1991.
- How does Iceland rank for gross debt, general government, percent of gdp?
- Iceland ranks 137th out of 193 countries with data for 2030.
- Is gross debt, general government, percent of gdp rising or falling in Iceland?
- Over the last ten years it is down 50.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Fiscal Monitor (FM) 2025 October