Iceland recorded a Government Debt to GDP of 59.30 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Iceland averaged 66.85 percent of GDP from 1980 until 2024, reaching an all time high of 136.70 percent of GDP in 2011 and a record low of 23.00 percent of GDP in 1981. source: Central Bank of Iceland

Government Debt to GDP in Iceland is expected to reach 52.60 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Debt to GDP is projected to trend around 50.90 percent of GDP in 2026 and 48.50 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Asylum Applications 115.00 105.00 persons Jun 2025
Credit Rating 78.00 Feb 2026
Fiscal Expenditure 544.30 556.60 ISK Billion Sep 2025
Government Budget -3.40 -2.40 percent of GDP Dec 2024
Government Budget Value -14.80 -22.60 ISK Billion Sep 2025
Government Debt to GDP 59.30 61.50 percent of GDP Dec 2024
Government Revenues 529.50 534.00 ISK Billion Sep 2025
Government Spending 228450.00 230526.00 ISK Million Sep 2025
Government Spending to GDP 46.70 45.20 percent of GDP Dec 2024
Holidays


Iceland Government Debt to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
59.30 61.50 136.70 23.00 1980 - 2024 percent of GDP Yearly