Government debt — all countries

Government debt — Iceland

Government debt in Iceland in 2031 — 43%. Ranked 74 in the world out of 184. Since 1982, the indicator has risen by 14.9 pp.

2031 43% −2.4 pp vs 2030
World rank 74of 184
Period maximum 136.6%2011
Period minimum 26.5%1987

Trend over time

1982–2031 · % of GDP

Government debt — Iceland, 1982–2031050100150198219871992199720022007201220172022202720311982: 28.1%1983: 29.9%1984: 31.6%1985: 31.1%1986: 29%1987: 26.5%1988: 29.6%1989: 34.2%1990: 34.4%1991: 36.4%1992: 43.9%1993: 50.6%1994: 53%1995: 56.1%1996: 53.7%1997: 51.1%1998: 43.3%1999: 75.5%2000: 74.8%2001: 82.5%2002: 81.3%2003: 84.1%2004: 80.1%2005: 67.8%2006: 69.8%2007: 67.4%2008: 109.3%2009: 128.2%2010: 131.5%2011: 136.6%2012: 132.2%2013: 121.1%2014: 114.1%2015: 96.3%2016: 81.3%2017: 70.8%2018: 62.3%2019: 65.7%2020: 76.1%2021: 73.6%2022: 66.4%2023: 61.5%2024: 60.4%2025: 56.1%2026: 53.6%2027: 51.7%2028: 49.9%2029: 47.8%2030: 45.4%2031: 43%
Change over the period: +14.9 pp Annual average: 0.3 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 43%
World computed 102.5%
Europe & Central Asia computed 76.9%
Northern Europe computed 76.5%
High-income countries computed 108.6%
Government debt — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2031 43 −2.4 pp
2030 45.4 −2.4 pp
2029 47.8 −2.1 pp
2028 49.9 −1.8 pp
2027 51.7 −1.9 pp
2026 53.6 −2.5 pp
2025 56.1 −4.3 pp
2024 60.4 −1.1 pp
2023 61.5 −4.9 pp
2022 66.4 −7.2 pp
2021 73.6 −2.5 pp
2020 76.1 +10.4 pp
2019 65.7 +3.4 pp
2018 62.3 −8.5 pp
2017 70.8 −10.5 pp
2016 81.3 −15 pp
2015 96.3 −17.8 pp
2014 114.1 −7 pp
2013 121.1 −11.1 pp
2012 132.2 −4.4 pp
2011 136.6 +5.1 pp
2010 131.5 +3.3 pp
2009 128.2 +18.9 pp
2008 109.3 +41.9 pp
2007 67.4 −2.4 pp
2006 69.8 +2 pp
2005 67.8 −12.3 pp
2004 80.1 −4 pp
2003 84.1 +2.8 pp
2002 81.3 −1.2 pp
2001 82.5 +7.7 pp
2000 74.8 −0.7 pp
1999 75.5 +32.2 pp
1998 43.3 −7.8 pp
1997 51.1 −2.6 pp
1996 53.7 −2.4 pp
1995 56.1 +3.1 pp
1994 53 +2.4 pp
1993 50.6 +6.7 pp
1992 43.9 +7.5 pp
1991 36.4 +2 pp
1990 34.4 +0.2 pp
1989 34.2 +4.6 pp
1988 29.6 +3.1 pp
1987 26.5 −2.5 pp
1986 29 −2.1 pp
1985 31.1 −0.5 pp
1984 31.6 +1.7 pp
1983 29.9 +1.8 pp
1982 28.1

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.