Iceland Government Debt To GDP

Iceland recorded a Government Debt to GDP of 96.20 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Iceland is reported by the Central Bank of Iceland. From 1980 until 2012, Iceland Government Debt To GDP averaged 46.2 Percent reaching an all time high of 101.0 Percent in December of 2011 and a record low of 23.0 Percent in December of 1981. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Iceland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
96.20 101.00 101.00 23.00 94.00 | 2013/12 1980 - 2012 Percent Yearly

TO

Iceland Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 16262.00 2014-02-15 -10448.00 24990.00 -29896.00 -10238.28 2014-03-31 ISK Million [+]
Government Spending 69607.00 2013-11-15 66259.00 73334.00 46227.00 67876.22 2014-03-31 ISK Million [+]
Government Debt To GDP 96.20 2012-12-31 101.00 101.00 23.00 94.00 2013-12-31 Percent [+]
Credit Rating 48.48 [+]
Government Budget -1.50 2012-12-31 -5.50 6.30 -13.50 1.80 2013-12-31 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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Consumer Spending in Iceland increased to 149952 ISK Million in the fourth quarter of 2013 from 134826 ISK Million in the third quarter of 2013. Consumer Spending in Iceland is reported by the Statistics Iceland.
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The number of employed persons in Iceland increased to 174900 in 2013 from 169300 in 2012. Employed Persons in Iceland is reported by the Statistics Iceland.
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Export Prices in Iceland decreased to 214.97 Index Points in 2013 from 222.46 Index Points in 2012. Export Prices in Iceland is reported by the Icelandic Ministry of Finance.
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