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Iceland - Government Debt to GDP 2023

Name: Iceland Government Debt to GDP 2023
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government gross debt as % of GDP · IMF WEO

61.55% −4.90% from 2022 Global rank: 114th

Iceland's government debt to gdp was 61.55% in 2023, decreased +4.90% from 66.45% in 2022. This was the 114th highest globally.

Global Ranking - 2023▾

Government Debt to GDP by Country - 2023
Rank	Country	Value	YoY
1st	Liechtenstein	0.47%	-8.7%
2nd	Brunei Darussalam	2.33%	13.5%
3rd	Kuwait	3.13%	6.2%
4th	Turkmenistan	5.46%	-23.5%
5th	Hong Kong SAR, China	6.33%	48.0%
6th	Tuvalu	6.67%	5.4%
7th	Afghanistan	8.42%	-21.7%
8th	Kiribati	11.42%	-30.0%
9th	Timor-Leste	12.45%	57.6%
10th	Micronesia, Federated States of	12.86%	-14.7%
11th	Puerto Rico (US)	16.60%	-0.5%
12th	Marshall Islands	18.22%	-8.0%
13th	Russian Federation	19.47%	5.3%
14th	Estonia	20.10%	4.7%
15th	Solomon Islands	20.30%	30.9%
16th	Nauru	20.47%	-8.5%
17th	Azerbaijan	21.81%	25.9%
18th	Botswana	22.51%	7.2%
19th	Bulgaria	22.89%	1.8%
20th	Kazakhstan	22.98%	-2.3%
21st	Saudi Arabia	22.98%	7.9%
22nd	Luxembourg	24.68%	-0.9%
23rd	Cambodia	26.28%	3.0%
24th	Guyana	26.65%	7.3%
25th	Congo, Democratic Republic of	26.98%	13.4%
26th	Guatemala	27.21%	-6.1%
27th	Haiti	28.46%	-3.5%
28th	Türkiye	28.67%	-5.0%
29th	Comoros	28.71%	1.9%
30th	Bosnia and Herzegovina	28.98%	-7.2%
31st	Iran, Islamic Republic of	29.64%	-14.0%
32nd	Tajikistan	29.95%	-5.8%
33rd	Samoa	31.81%	-22.4%
34th	Sweden	31.81%	-6.2%
35th	United Arab Emirates	31.91%	1.3%
36th	Uzbekistan	32.18%	5.4%
37th	Chad	32.23%	0.4%
38th	Peru	32.43%	-3.1%
39th	Denmark	33.79%	-1.3%
40th	Viet Nam	34.26%	-1.9%
41st	Moldova	34.95%	-0.3%
42nd	Djibouti	35.44%	-7.5%
43rd	Andorra	35.47%	-8.8%
44th	Nigeria	36.34%	21.8%
45th	Lithuania	37.34%	-1.9%
46th	Oman	37.49%	-10.0%
47th	Switzerland	38.68%	4.0%
48th	Georgia	38.92%	-0.6%
49th	Equatorial Guinea	39.09%	31.3%
50th	Eswatini	39.37%	-0.4%
51st	Chile	39.42%	4.0%
52nd	Indonesia	39.60%	-1.3%
53rd	Bangladesh	39.73%	4.9%
54th	Guinea	40.35%	6.5%
55th	Belarus	40.72%	-0.3%
56th	Paraguay	41.06%	1.3%
57th	Vanuatu	41.78%	-2.3%
58th	Kyrgyz Republic	41.95%	-10.4%
59th	Ireland	42.06%	-2.6%
60th	Iraq	42.08%	8.0%
61st	Czechia	42.22%	-0.7%
62nd	Nicaragua	42.30%	-7.9%
63rd	Cameroon	43.15%	-5.3%
64th	Tonga	43.26%	0.1%
65th	Qatar	43.67%	2.6%
66th	Norway	44.13%	22.4%
67th	Latvia	44.65%	0.5%
68th	Serbia	45.67%	-10.3%
69th	Netherlands	45.92%	-5.1%
70th	Mongolia	46.71%	-27.7%
71st	Malta	46.82%	-6.6%
72nd	New Zealand	46.92%	0.1%
73rd	Nepal	46.96%	9.9%
74th	Mauritania	47.12%	-6.6%
75th	Algeria	47.66%	-0.9%
76th	Tanzania	47.80%	6.6%
77th	Honduras	47.85%	-6.3%
78th	West Bank and Gaza	48.50%	2.9%
79th	Sierra Leone	49.47%	-8.3%
80th	Poland	49.52%	1.5%
81st	Australia	49.58%	-1.3%
82nd	Armenia	50.45%	2.4%
83rd	Uganda	50.51%	0.7%
84th	Korea	50.54%	1.5%
85th	North Macedonia	50.83%	0.7%
86th	Panama	51.23%	-2.8%
87th	Niger	51.81%	2.4%
88th	Mali	51.88%	3.1%
89th	South Sudan	51.91%	39.2%
90th	Romania	52.14%	0.8%
91st	Mexico	52.64%	-2.2%
92nd	Madagascar	52.66%	5.6%
93rd	Papua New Guinea	53.86%	11.8%
94th	Ecuador	54.33%	-5.0%
95th	Benin	54.90%	1.3%
96th	Seychelles	55.29%	-7.9%
97th	Colombia	55.46%	-9.5%
98th	Slovak Republic	55.64%	-3.6%
99th	Central African Republic	55.64%	11.5%
100th	St. Kitts and Nevis	55.72%	-7.6%
101st	Philippines	56.48%	-1.6%
102nd	Burkina Faso	56.82%	-4.0%
103rd	Côte d'Ivoire	57.53%	2.7%
104th	Liberia	57.82%	6.5%
105th	Albania	57.98%	-11.1%
106th	Burundi	58.06%	-15.2%
107th	Myanmar	59.06%	5.3%
108th	Montenegro	59.57%	-15.3%
109th	Trinidad and Tobago	60.20%	13.1%
110th	Dominican Republic	60.51%	1.6%
111th	Costa Rica	61.12%	-3.0%
112th	Israel	61.33%	1.7%
113th	Lesotho	61.46%	-4.5%
114th	Iceland	61.55%	-7.4%
115th	Croatia	61.83%	-9.8%
116th	Thailand	62.32%	2.9%
117th	Germany	62.38%	-3.2%
118th	Rwanda	63.42%	4.1%
119th	Uruguay	64.00%	6.8%
120th	Jamaica	66.55%	-5.2%
121st	Namibia	67.16%	-3.3%
122nd	Belize	67.50%	1.0%
123rd	Slovenia	68.29%	-6.2%
124th	San Marino	68.34%	-3.1%
125th	Togo	68.60%	2.4%
126th	Morocco	68.71%	-3.7%
127th	Malaysia	69.71%	6.5%
128th	Gabon	70.59%	7.6%
129th	Angola	72.41%	29.1%
130th	Hungary	72.97%	-1.2%
131st	South Africa	73.22%	3.5%
132nd	São Tomé and Principe	73.23%	-15.6%
133rd	Kenya	73.41%	8.3%
134th	Cyprus	73.63%	-9.2%
135th	Grenada	74.55%	-6.0%
136th	St. Lucia	75.22%	1.8%
137th	Zimbabwe	76.13%	14.0%
138th	Antigua and Barbuda	76.33%	-6.9%
139th	Palau	76.44%	10.9%
140th	Finland	77.52%	4.7%
141st	Yemen, Republic of	77.86%	19.2%
142nd	Bahamas, The	78.29%	-7.5%
143rd	Austria	78.51%	0.2%
144th	Pakistan	78.51%	1.5%
145th	Ghana	79.09%	-14.7%
146th	Guinea-Bissau	79.39%	-1.6%
147th	Gambia, The	80.24%	-4.3%
148th	India	80.72%	-1.8%
149th	Ukraine	81.21%	4.5%
150th	Mauritius	81.45%	-0.4%
151st	China	82.01%	8.7%
152nd	Aruba	82.46%	-15.6%
153rd	Fiji	82.93%	-9.4%
154th	Brazil	84.00%	0.1%
155th	Tunisia	84.01%	1.2%
156th	El Salvador	85.09%	1.7%
157th	Malawi	86.70%	14.5%
158th	Jordan	89.02%	0.5%
159th	St. Vincent and the Grenadines	89.43%	3.6%
160th	Bolivia, Plurinational State of	90.78%	13.3%
161st	Mozambique	90.90%	-9.3%
162nd	Egypt, Arab Republic of	95.93%	8.4%
163rd	Portugal	97.73%	-12.1%
164th	Suriname	98.23%	-16.0%
165th	Dominica	99.83%	-4.3%
166th	United Kingdom	100.35%	0.7%
167th	Congo, Republic of	102.91%	10.0%
168th	Belgium	103.25%	0.5%
169th	Spain	105.07%	-3.8%
170th	Canada	107.71%	3.4%
171st	France	109.62%	-1.6%
172nd	Sri Lanka	110.38%	-4.8%
173rd	Barbados	111.48%	-1.9%
174th	Lao PDR	116.54%	-10.9%
175th	Bhutan	117.05%	-2.3%
176th	Cabo Verde	117.52%	-7.9%
177th	Senegal	118.38%	12.7%
178th	United States	119.84%	0.6%
179th	Maldives	122.39%	9.6%
180th	Bahrain	123.02%	10.2%
181st	Zambia	129.06%	29.7%
182nd	Italy	134.64%	-2.7%
183rd	Argentina	154.60%	83.4%
184th	Greece	165.16%	-7.4%
185th	Singapore	172.80%	12.0%
186th	Lebanon	192.78%	-21.2%
187th	Japan	240.46%	-3.1%
188th	Sudan	259.89%	39.1%

FAQ

What was Iceland's government debt to gdp in 2023?▾

Iceland's government debt to gdp in 2023 was 61.55%. This ranked 114th globally.

How did Iceland's government debt to gdp change in 2023?▾

Iceland's government debt to gdp decreased by 7.4% in 2023 compared to 2022.

Which country had the highest government debt to gdp in 2023?▾

Sudan had the highest government debt to gdp in 2023 at 259.89%.

What is the government debt to gdp of Iceland in 2023?▾

The government debt to gdp of Iceland in 2023 was 61.55%. This ranked 114th globally.

How does 2023 compare to 2022 for Iceland's government debt to gdp?▾

Iceland's government debt to gdp went from 66.45% in 2022 to 61.55% in 2023, a 7.4% decrease.

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