Iceland recorded a government debt equivalent to 37.70 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Iceland averaged 46.65 percent from 1980 until 2018, reaching an all time high of 92.10 percent in 2011 and a record low of 23.03 percent in 1981.

Government Debt to GDP in Iceland is expected to be 37.50 percent by the end of this quarter, 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 35.00 percent in 2020, according to our econometric models.

Iceland Government Debt to GDP
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Forecast Data Chart
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Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 43.10 92.10 23.03 percent [+]
Government Budget 1.10 0.50 12.40 -12.90 percent of GDP [+]
Government Budget Value 6.10 1.90 373.20 -206.30 ISK Billion [+]
Government Spending 79869.00 76637.00 79869.00 43717.00 ISK Million [+]
Government Spending to GDP 41.70 43.30 54.50 34.10 percent [+]
Government Revenues 308.50 287.70 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 302.30 285.80 370.50 97.80 ISK Billion [+]
Credit Rating 55.45 [+]
Asylum Applications 75.00 70.00 255.00 5.00 persons [+]


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. This page provides - Iceland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
37.70 43.10 92.10 23.03 1980 - 2018 percent Yearly




Country Last Previous
Japan 238.20 Dec/18
Italy 134.80 Dec/18
Singapore 112.20 Dec/18
United States 106.10 Dec/18
France 98.40 Dec/18
Spain 97.10 Dec/18
Canada 89.70 Dec/18
Argentina 86.20 Dec/18
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Brazil 77.22 Dec/18
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South Africa 55.80 Dec/18
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Australia 40.70 Dec/18
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Switzerland 27.70 Dec/18
Saudi Arabia 19.10 Dec/18
Russia 13.50 Dec/17


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