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Iceland - Government Debt to GDP 2025

Name: Iceland Government Debt to GDP 2025
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government gross debt as % of GDP · IMF WEO

47.42% −12.02% from 2024 Global rank: 108th

Iceland's government debt to gdp was 47.42% in 2025, decreased +12.02% from 59.45% in 2024. This was the 108th highest globally.

Global Ranking - 2025▾

Government Debt to GDP by Country - 2025
Rank	Country	Value	YoY
1st	Japan	229.57%	-2.8%
2nd	Sudan	221.46%	-15.3%
3rd	Singapore	175.61%	1.2%
4th	Greece	146.69%	-5.2%
5th	Bahrain	142.49%	6.8%
6th	Italy	136.84%	1.1%
7th	Maldives	131.82%	-1.1%
8th	United States	125.05%	2.2%
9th	Senegal	122.95%	-4.3%
10th	France	116.51%	3.0%
11th	Canada	113.94%	2.4%
12th	Ukraine	108.64%	21.1%
13th	Belgium	107.50%	2.7%
14th	Cabo Verde	106.02%	-4.7%
15th	Bhutan	105.61%	-4.4%
16th	United Kingdom	103.36%	2.1%
17th	Spain	100.40%	-1.2%
18th	Barbados	99.78%	-4.8%
19th	Mozambique	97.22%	4.3%
20th	China	96.26%	9.0%
21st	Dominica	95.68%	-4.2%
22nd	St. Vincent and the Grenadines	93.99%	1.4%
23rd	Bolivia, Plurinational State of	93.71%	-4.3%
24th	Congo, Republic of	93.15%	-5.0%
25th	Brazil	91.42%	4.7%
26th	Portugal	90.95%	-4.2%
27th	Lao PDR	90.68%	-9.8%
28th	Jordan	89.70%	-0.6%
29th	Suriname	89.08%	2.0%
30th	Mauritius	88.13%	0.2%
31st	El Salvador	87.62%	0.1%
32nd	Egypt, Arab Republic of	86.97%	-4.4%
33rd	Finland	86.78%	5.6%
34th	Austria	82.03%	1.5%
35th	India	81.36%	-0.3%
36th	Tunisia	80.62%	-3.3%
37th	Malawi	80.42%	-8.2%
38th	Argentina	78.84%	-6.9%
39th	South Africa	77.34%	1.8%
40th	St. Lucia	77.05%	0.6%
41st	Fiji	76.62%	-3.2%
42nd	Gabon	76.22%	4.8%
43rd	Guinea-Bissau	76.18%	-7.3%
44th	Hungary	74.76%	1.8%
45th	Gambia, The	74.43%	-6.9%
46th	Bahamas, The	74.07%	0.3%
47th	Rwanda	73.20%	8.9%
48th	Togo	71.85%	-0.3%
49th	Pakistan	71.55%	1.7%
50th	Yemen, Republic of	71.36%	0.6%
51st	Malaysia	70.44%	0.5%
52nd	Israel	69.24%	2.4%
53rd	Kenya	68.02%	1.0%
54th	Grenada	67.72%	-6.8%
55th	Morocco	67.21%	-0.8%
56th	Aruba	67.13%	-4.3%
57th	Uruguay	66.61%	-3.0%
58th	Slovenia	66.56%	0.0%
59th	South Sudan	65.96%	30.1%
60th	Antigua and Barbuda	65.68%	-2.8%
61st	Trinidad and Tobago	65.34%	1.2%
62nd	Thailand	64.94%	2.7%
63rd	Belize	64.72%	-1.1%
64th	Germany	64.42%	1.5%
65th	Namibia	63.57%	-6.1%
66th	Myanmar	63.52%	7.0%
67th	Palau	63.07%	-4.8%
68th	San Marino	62.72%	-1.9%
69th	Angola	62.37%	4.1%
70th	St. Kitts and Nevis	61.90%	15.0%
71st	Romania	61.21%	6.6%
72nd	Montenegro	60.79%	0.1%
73rd	Poland	60.02%	8.6%
74th	Dominican Republic	59.96%	2.0%
75th	Costa Rica	59.66%	-0.2%
76th	Panama	59.60%	3.9%
77th	Slovak Republic	59.58%	4.1%
78th	Jamaica	59.23%	-5.1%
79th	Ghana	59.08%	-16.0%
80th	Colombia	58.87%	-3.9%
81st	Mexico	58.86%	0.9%
82nd	Philippines	58.17%	2.7%
83rd	Cyprus	57.71%	-11.3%
84th	Central African Republic	57.14%	-5.8%
85th	Lesotho	57.05%	0.4%
86th	Croatia	57.00%	-1.0%
87th	Seychelles	56.71%	-1.6%
88th	Liberia	55.69%	-2.6%
89th	Côte d'Ivoire	55.60%	-6.2%
90th	Albania	54.12%	-3.4%
91st	Algeria	54.05%	12.4%
92nd	Armenia	53.44%	7.0%
93rd	Korea	53.37%	7.1%
94th	New Zealand	53.24%	6.0%
95th	Burkina Faso	53.18%	-7.1%
96th	Iraq	53.11%	14.3%
97th	North Macedonia	52.86%	-3.6%
98th	Uganda	52.35%	1.7%
99th	São Tomé and Principe	51.38%	-20.7%
100th	Australia	51.04%	0.6%
101st	Benin	50.74%	-5.0%
102nd	Papua New Guinea	50.36%	-3.3%
103rd	Madagascar	49.75%	-1.2%
104th	Tanzania	49.59%	-0.6%
105th	Nepal	49.29%	2.0%
106th	Mali	48.87%	-5.5%
107th	Vanuatu	48.57%	7.1%
108th	Iceland	47.42%	-20.2%
109th	Latvia	47.13%	0.8%
110th	Malta	46.89%	1.5%
111th	Mongolia	46.57%	5.7%
112th	Honduras	45.09%	-4.2%
113th	Zimbabwe	45.00%	-38.4%
114th	Netherlands	44.04%	0.6%
115th	Czechia	44.00%	1.5%
116th	Serbia	43.90%	-1.3%
117th	Eswatini	42.84%	9.3%
118th	Chile	42.74%	2.6%
119th	Norway	42.72%	0.0%
120th	Niger	42.23%	-10.6%
121st	Guinea	42.20%	-13.6%
122nd	Lithuania	41.79%	9.3%
123rd	Paraguay	41.71%	-6.8%
124th	Sierra Leone	41.23%	-1.2%
125th	Mauritania	41.20%	-3.8%
126th	Indonesia	40.83%	1.6%
127th	Qatar	40.62%	-1.4%
128th	Bangladesh	40.27%	-1.7%
129th	Burundi	40.25%	-22.6%
130th	Nicaragua	39.28%	0.3%
131st	Botswana	38.80%	29.9%
132nd	Cameroon	37.92%	-11.5%
133rd	Kyrgyz Republic	37.81%	0.8%
134th	Moldova	37.80%	-2.5%
135th	Switzerland	36.88%	-1.7%
136th	Equatorial Guinea	36.60%	0.5%
137th	Nigeria	36.38%	-7.5%
138th	Belarus	35.78%	-10.3%
139th	Iran, Islamic Republic of	35.58%	4.7%
140th	Oman	35.05%	-1.3%
141st	Georgia	34.23%	-5.2%
142nd	Sweden	34.16%	3.6%
143rd	United Arab Emirates	33.95%	-2.8%
144th	Ireland	33.00%	-14.9%
145th	Peru	32.13%	-0.1%
146th	Viet Nam	32.05%	2.5%
147th	Andorra	31.73%	-4.5%
148th	Tonga	31.64%	-14.4%
149th	Chad	31.53%	-3.5%
150th	Uzbekistan	31.06%	-4.9%
151st	Bosnia and Herzegovina	30.65%	3.8%
152nd	Djibouti	30.49%	-7.2%
153rd	Comoros	30.25%	-5.9%
154th	Denmark	29.63%	-5.8%
155th	Saudi Arabia	29.21%	11.7%
156th	Guyana	29.00%	19.3%
157th	Bulgaria	28.42%	18.0%
158th	Cambodia	27.84%	7.5%
159th	Luxembourg	27.12%	3.2%
160th	Guatemala	26.98%	2.5%
161st	Kazakhstan	24.81%	1.8%
162nd	Estonia	24.41%	4.3%
163rd	Türkiye	24.29%	1.1%
164th	Solomon Islands	23.74%	7.5%
165th	Russian Federation	23.05%	13.8%
166th	Azerbaijan	22.39%	3.3%
167th	Tajikistan	21.97%	-11.9%
168th	Samoa	20.90%	-16.9%
169th	Congo, Democratic Republic of	19.07%	-15.4%
170th	Puerto Rico (US)	17.96%	6.5%
171st	Nauru	14.97%	-13.9%
172nd	Timor-Leste	13.92%	4.5%
173rd	Haiti	11.81%	-23.8%
174th	Hong Kong SAR, China	11.66%	26.1%
175th	Marshall Islands	10.60%	-19.8%
176th	Micronesia, Federated States of	9.26%	-15.2%
177th	Kiribati	8.72%	-12.1%
178th	Kuwait	7.29%	149.3%
179th	Turkmenistan	3.86%	-6.3%
180th	Tuvalu	3.64%	-47.7%
181st	Brunei Darussalam	2.33%	1.9%
182nd	Liechtenstein	0.50%	3.1%

FAQ

What was Iceland's government debt to gdp in 2025?▾

Iceland's government debt to gdp in 2025 was 47.42%. This ranked 108th globally.

How did Iceland's government debt to gdp change in 2025?▾

Iceland's government debt to gdp decreased by 20.2% in 2025 compared to 2024.

Which country had the highest government debt to gdp in 2025?▾

Japan had the highest government debt to gdp in 2025 at 229.57%.

What is the government debt to gdp of Iceland in 2025?▾

The government debt to gdp of Iceland in 2025 was 47.42%. This ranked 108th globally.

How does 2025 compare to 2024 for Iceland's government debt to gdp?▾

Iceland's government debt to gdp went from 59.45% in 2024 to 47.42% in 2025, a 20.2% decrease.

← 2024

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