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Norway vs Iceland

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

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