Iceland Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Overview
Iceland's government debt to gdp stood at 47.42% in 2025, a decline of +12.02% from 2024. The IMF projects 47.42% by 2025. Iceland ranked 108th globally.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 37.77% | - | - |
| 2029* IMF | 39.48% | - | - |
| 2028* IMF | 41.21% | - | - |
| 2027* IMF | 43.03% | - | - |
| 2026* IMF | 44.94% | - | - |
| 2025* IMF | 47.42% | - | - |
| 2025 | 47.42% | −12.02% | #108 |
| 2024 | 59.45% | −2.10% | #108 |
| 2023 | 61.55% | −4.90% | #114 |
| 2022 | 66.45% | −7.14% | #120 |
| 2021 | 73.59% | −2.50% | #129 |
| 2020 | 76.09% | +10.37% | #131 |
| 2019 | 65.72% | +3.46% | #137 |
| 2018 | 62.26% | −8.53% | #133 |
| 2017 | 70.79% | −10.54% | #145 |
| 2016 | 81.34% | −14.98% | #160 |
| 2015 | 96.32% | −17.81% | #172 |
| 2014 | 114.12% | −6.94% | #180 |
| 2013 | 121.07% | −11.14% | #181 |
| 2012 | 132.20% | −4.43% | #184 |
| 2011 | 136.63% | +5.13% | #183 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's government debt to gdp was 47.42% in 2025. Ranked 108th globally. This represents a 20.2% decrease from the previous year.
Iceland's government debt to gdp peaked at 136.63% in 2011.
The lowest government debt to gdp in Iceland was 27.33% in 1987.
Iceland ranks 108th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Iceland's government debt to gdp is projected to reach 47.42% by 2025 based on IMF projection.
The government debt to gdp of Iceland in 2025 was 47.42%. This ranks 108th in the world.
Cite this page
@misc{historysaid_iceland_government-debt-to-gdp,
title = {Iceland Government Debt to GDP},
url = {https://historysaid.com/iceland/government-debt-to-gdp},
publisher = {HistorySaid},
year = {2026}
}