Primary net lending (+) / net borrowing (-), General government in Iceland

Iceland: Primary net lending (+) / net borrowing (-), General government was 1.75 in 2030. ◆ Volatile

Latest (2030)
1.75
Change on year
up 8.7%
World rank
38th
of 188 countries
All-time high
15.25
in 2016
All-time low
-13.33
in 2008
Years of data
40
1991–2030

Primary net lending (+) / net borrowing (-), General government in Iceland, 1991–2030

-10010201991201020301991: 1.11992: 0.0121993: -2.31994: -2.31995: -0.1731996: 0.8831997: 2.31998: 21999: 3.22000: 2.92001: 0.732002: -1.32003: -1.22004: 1.32005: 5.42006: 5.72007: 4.82008: -13.32009: -6.12010: -4.12011: -4.22012: 0.3162013: 1.92014: 3.72015: 3.22016: 15.22017: 3.92018: 32019: 0.4622020: -6.72021: -6.12022: -0.8492023: 0.5782024: -0.9842025: 0.8452026: 0.8672027: 1.22028: 1.42029: 1.62030: 1.8

Source: International Monetary Fund.

Analysis

In 2030, primary net lending (+) / net borrowing (-), general government in Iceland stood at 1.75.

The figure is up 8.7% on the previous year and up 126.3% over ten years.

Over the whole period, primary net lending (+) / net borrowing (-), general government in Iceland peaked at 15.25 in 2016 and was at its lowest, -13.33, in 2008.

That places Iceland 38th out of 188 countries with data for 2030, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Primary net lending (+) / net borrowing (-), General government in Iceland, year by year

Annual values for Primary net lending (+) / net borrowing (-), General government, Percent of GDP in Iceland, 1991 to 2030.
Year Value Change
1991 1.1
1992 0.0123 -98.9%
1993 -2.3 -18782.5%
1994 -2.34 +1.6%
1995 -0.1729 -92.6%
1996 0.8833 -610.9%
1997 2.26 +155.8%
1998 1.96 -13.5%
1999 3.2 +63.8%
2000 2.88 -10.0%
2001 0.7302 -74.7%
2002 -1.33 -282.2%
2003 -1.2 -9.9%
2004 1.3 -208.5%
2005 5.35 +311.5%
2006 5.67 +5.9%
2007 4.77 -15.9%
2008 -13.33 -379.5%
2009 -6.09 -54.3%
2010 -4.13 -32.1%
2011 -4.17 +0.9%
2012 0.3163 -107.6%
2013 1.86 +489.0%
2014 3.74 +100.5%
2015 3.18 -15.0%
2016 15.25 +380.0%
2017 3.9 -74.4%
2018 3.03 -22.3%
2019 0.4623 -84.7%
2020 -6.66 -1539.7%
2021 -6.13 -7.9%
2022 -0.8491 -86.1%
2023 0.5781 -168.1%
2024 -0.9836 -270.1%
2025 0.8451 -185.9%
2026 0.8675 +2.6%
2027 1.16 +34.3%
2028 1.37 +17.5%
2029 1.61 +17.9%
2030 1.75 +8.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.5119 -2.34 3.2 9
2000s -0.1249 -13.33 5.67 10
2010s 2.34 -4.17 15.25 10
2020s -0.8181 -6.66 1.61 10
2030s 1.75 1.75 1.75 1

Countries ranked near Iceland

  1. 35 Italy 1.86 compare
  2. 36 Eswatini 1.82 compare
  3. 37 Senegal 1.76 compare
  4. 39 Mexico 1.75 compare
  5. 40 Namibia 1.67 compare
  6. 41 Lebanon 1.63 compare

See the full ranking of 206 places →

More external debt data for Iceland

All data for Iceland →

Frequently asked questions

What is primary net lending (+) / net borrowing (-), general government in Iceland?
Primary net lending (+) / net borrowing (-), general government in Iceland was 1.75 in 2030, according to International Monetary Fund.
What is the highest primary net lending (+) / net borrowing (-), general government recorded in Iceland?
The highest recorded value was 15.25 in 2016.
What is the lowest primary net lending (+) / net borrowing (-), general government recorded in Iceland?
The lowest recorded value was -13.33 in 2008.
How does Iceland rank for primary net lending (+) / net borrowing (-), general government?
Iceland ranks 38th out of 188 countries with data for 2030.
Is primary net lending (+) / net borrowing (-), general government rising or falling in Iceland?
Over the last ten years it is up 126.3%. 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 Primary net lending (+) / net borrowing (-), General government, Percent of GDP. Statizoid updates them automatically from the source API.

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Primary net lending (+) / net borrowing (-), General government in Iceland. Statizoid, drawing on International Monetary Fund. Retrieved 02 September 2026, from https://debt.statizoid.com/stat/primary-net-lending-net-borrowing-general-government-percent-of-gdp/iceland/

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About this data

Indicator
Primary net lending (+) / net borrowing (-), General government, Percent of GDP
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
206 places, 7,312 data points, 1991–2030
Last refreshed

Fiscal Monitor (FM) 2025 October