Net debt, General government, Percent of GDP in Iceland
Iceland: Net debt, General government, Percent of GDP was 31.94 in 2030. ▬ Flat
Latest (2030)
31.94
Change on year
down 4.2%
World rank
63rd
of 90 countries
All-time high
110.82
in 2009
All-time low
19.33
in 1991
Years of data
40
1991–2030
Net debt, General government, Percent of GDP in Iceland, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, net debt, general government, percent of gdp in Iceland stood at 31.94.
The figure is down 4.2% on the previous year and down 46.5% over ten years.
Over the whole period, net debt, general government, percent of gdp in Iceland peaked at 110.82 in 2009 and was at its lowest, 19.33, in 1991.
Iceland ranks 63rd of 90 countries on this measure, in the middle of the range.
Net debt, General government, Percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 19.33 | — |
| 1992 | 26.05 | +34.8% |
| 1993 | 34.02 | +30.6% |
| 1994 | 37.01 | +8.8% |
| 1995 | 38.91 | +5.1% |
| 1996 | 38.78 | -0.3% |
| 1997 | 35.92 | -7.4% |
| 1998 | 39.91 | +11.1% |
| 1999 | 70.07 | +75.6% |
| 2000 | 70.07 | +0.0% |
| 2001 | 78.62 | +12.2% |
| 2002 | 77.89 | -0.9% |
| 2003 | 80.3 | +3.1% |
| 2004 | 71.57 | -10.9% |
| 2005 | 52.99 | -26.0% |
| 2006 | 53.24 | +0.5% |
| 2007 | 51.12 | -4.0% |
| 2008 | 88.23 | +72.6% |
| 2009 | 110.82 | +25.6% |
| 2010 | 108.8 | -1.8% |
| 2011 | 103.38 | -5.0% |
| 2012 | 103.47 | +0.1% |
| 2013 | 98.45 | -4.8% |
| 2014 | 87.29 | -11.3% |
| 2015 | 77.28 | -11.5% |
| 2016 | 66.74 | -13.6% |
| 2017 | 59.46 | -10.9% |
| 2018 | 49.95 | -16.0% |
| 2019 | 53.7 | +7.5% |
| 2020 | 59.73 | +11.2% |
| 2021 | 58.77 | -1.6% |
| 2022 | 55.28 | -5.9% |
| 2023 | 52.12 | -5.7% |
| 2024 | 49.63 | -4.8% |
| 2025 | 39.73 | -20.0% |
| 2026 | 37.72 | -5.0% |
| 2027 | 36.17 | -4.1% |
| 2028 | 34.72 | -4.0% |
| 2029 | 33.33 | -4.0% |
| 2030 | 31.94 | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.78 | 19.33 | 70.07 | 9 |
| 2000s | 73.49 | 51.12 | 110.82 | 10 |
| 2010s | 80.85 | 49.95 | 108.8 | 10 |
| 2020s | 45.72 | 33.33 | 59.73 | 10 |
| 2030s | 31.94 | 31.94 | 31.94 | 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 net debt, general government, percent of gdp in Iceland?
- Net debt, general government, percent of gdp in Iceland was 31.94 in 2030, according to International Monetary Fund.
- What is the highest net debt, general government, percent of gdp recorded in Iceland?
- The highest recorded value was 110.82 in 2009.
- What is the lowest net debt, general government, percent of gdp recorded in Iceland?
- The lowest recorded value was 19.33 in 1991.
- How does Iceland rank for net debt, general government, percent of gdp?
- Iceland ranks 63rd out of 90 countries with data for 2030.
- Is net debt, general government, percent of gdp rising or falling in Iceland?
- Over the last ten years it is down 46.5%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Net debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October