Iceland recorded a government debt equivalent to 37 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Iceland

Government Debt to GDP in Iceland averaged 46.40 percent from 1980 until 2019, 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. Iceland Government Debt to GDP - values, historical data and charts - was last updated on July of 2021.

Government Debt to GDP in Iceland is expected to reach 70.00 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 82.00 percent in 2021 and 85.00 percent in 2022, according to our econometric models.

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Iceland Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
37.00 37.40 92.10 23.03 1980 - 2019 percent of GDP Yearly

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.00 37.40 92.10 23.03 percent of GDP [+]
Government Budget -7.30 -1.50 12.50 -12.10 percent of GDP [+]
Government Budget Value -58.10 -33.20 373.20 -206.30 ISK Billion [+]
Government Spending 156606.00 162886.00 162886.00 43717.00 ISK Million [+]
Government Spending to GDP 49.70 43.40 63.40 34.10 percent of GDP [+]
Government Revenues 316.40 360.50 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 374.50 393.60 393.60 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 30.00 20.00 255.00 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.