Iceland recorded a government debt equivalent to 37.70 percent of the country's Gross Domestic Product in 2018. Iceland Government Debt to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. This page provides - Iceland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt to GDP in Iceland is expected to reach 34.00 percent by the end of 2020, 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 33.00 percent in 2021 and 30.00 percent in 2022, according to our econometric models.

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Iceland Government Debt to GDP

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

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.