Iceland Government Debt: % of GDP

Key information about Iceland Government Debt: % of GDP

• Iceland Government debt accounted for 63.4 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 66.3 % in the previous year.
• Iceland government debt to GDP ratio data is updated yearly, available from Dec 1998 to Dec 2023.
• The data reached an all-time high of 136.6 % in Dec 2011 and a record low of 43.3 % in Dec 1998.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and annual Nominal GDP. Government Debt is calculated as the sum of Government Loans and Securities Other than Shares. Statistics Iceland provides Government Debt in local currency and Nominal GDP in local currency.


Related information about Iceland Government Debt: % of GDP

• In the latest reports, Iceland National Government Debt reached 20.4 USD bn in Dec 2023.
• The country's Nominal GDP reached 10.1 USD bn in Sep 2025.

View Iceland's Government Debt: % of GDP from 1998 to 2023 in the chart:

What was Iceland's Government Debt: % of GDP in 2023?

Iceland Government debt accounted for 63.4 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 66.3 % in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
63.4 2023	66.3 2022	43.3 1998	136.6 2011	%	yearly	1998 - 2023

Government Debt: % of GDP by Country Comparison

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