Gross debt, Percent of own revenue in Iceland
Iceland: Gross debt, Percent of own revenue was 2.39 in 2020. ▲ Rising
Gross debt, Percent of own revenue in Iceland, 1997–2020
Source: International Monetary Fund.
Analysis
In 2020, gross debt, percent of own revenue in Iceland stood at 2.39.
That represents a change of up 15.5% on the previous year and down 39.7% over ten years.
Over the whole period, gross debt, percent of own revenue in Iceland peaked at 3.97 in 2011 and was at its lowest, 0.8262, in 2004.
Iceland ranks 12th of 23 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Gross debt, Percent of own revenue in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 1.62 | — |
| 1998 | 1.19 | -26.8% |
| 1999 | 0.9591 | -19.1% |
| 2000 | 0.9329 | -2.7% |
| 2001 | 1.19 | +27.1% |
| 2002 | 1.08 | -8.8% |
| 2003 | 1.01 | -6.9% |
| 2004 | 0.8262 | -17.9% |
| 2005 | 1.67 | +102.6% |
| 2006 | 1.72 | +2.6% |
| 2007 | 1.71 | -0.5% |
| 2008 | 2.61 | +52.8% |
| 2009 | 3.54 | +35.4% |
| 2010 | 3.97 | +12.1% |
| 2011 | 3.97 | +0.1% |
| 2012 | 3.75 | -5.5% |
| 2013 | 3.46 | -7.7% |
| 2014 | 3.12 | -9.7% |
| 2015 | 2.84 | -9.0% |
| 2016 | 1.56 | -45.0% |
| 2017 | 1.88 | +19.9% |
| 2018 | 1.69 | -10.1% |
| 2019 | 2.07 | +22.7% |
| 2020 | 2.39 | +15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.25 | 0.9591 | 1.62 | 3 |
| 2000s | 1.63 | 0.8262 | 3.54 | 10 |
| 2010s | 2.83 | 1.56 | 3.97 | 10 |
| 2020s | 2.39 | 2.39 | 2.39 | 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, percent of own revenue in Iceland?
- Gross debt, percent of own revenue in Iceland was 2.39 in 2020, according to International Monetary Fund.
- What is the highest gross debt, percent of own revenue recorded in Iceland?
- The highest recorded value was 3.97 in 2011.
- What is the lowest gross debt, percent of own revenue recorded in Iceland?
- The lowest recorded value was 0.8262 in 2004.
- How does Iceland rank for gross debt, percent of own revenue?
- Iceland ranks 12th out of 23 countries with data for 2020.
- Is gross debt, percent of own revenue rising or falling in Iceland?
- Over the last ten years it is down 39.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, Percent of own revenue (Central government). Statizoid updates them automatically from the source API.
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About this data
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.