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Iceland vs Norway

Side-by-side comparison - Government Debt to GDP
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In 2025, Iceland's government debt to gdp was 47.42% compared to 42.72% in Norway. Iceland was higher by 4.70%.

Iceland vs Norway — Government Debt to GDP
Iceland vs Norway Government Debt to GDP
YearIcelandNorway
2025 47.42% 42.72%
2024 59.45% 42.72%
2023 61.55% 44.13%
2022 66.45% 36.06%
2021 73.59% 41.57%
2020 76.09% 46.03%
2019 65.72% 40.49%
2018 62.26% 39.35%
2017 70.79% 38.19%
2016 81.34% 37.87%
2015 96.32% 34.27%
2014 114.12% 29.61%
2013 121.07% 31.40%
2012 132.20% 30.89%
2011 136.63% 29.61%
2010 131.50% 42.95%
2009 128.21% 42.54%
2008 109.31% 47.55%
2007 67.45% 49.52%
2006 69.83% 52.59%