Canada vs Iceland: Gross public sector debt as a share of gross domestic product
Canada
47.4%
in 2024
Iceland
52.9%
in 2024
Canada rank
28th
Iceland rank
27th
Gross public sector debt as a share of gross domestic product over time
- Canada
- Iceland
How they compare
Iceland currently reports 52.9% against 47.4% in Canada, a difference of 5.5%.
That makes Iceland's figure about 1.1 times Canada's.
Across all 16 years both countries report, Iceland has been ahead every year.
Canada ranks 28th and Iceland ranks 27th of 49 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 36.2% | 121.2% | 85.0% | Iceland |
| 2010s | 35.2% | 94.7% | 59.5% | Iceland |
| 2020s | 48.0% | 59.4% | 11.4% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross public sector debt as a share of gross domestic product, Canada or Iceland?
- Iceland, at 52.9% against 47.4% in Canada as of 2024.
- What is the difference in gross public sector debt as a share of gross domestic product between Canada and Iceland?
- 5.5%, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 16 years are reported by both, from 2009 to 2024.
- How do Canada and Iceland rank globally for gross public sector debt as a share of gross domestic product?
- Canada ranks 28th and Iceland ranks 27th of 49 countries.
- Where does this data come from?
- World Bank – processed by Our World in Data, published as Gross public sector debt as a share of gross domestic product. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).