Iceland vs Latvia: Gross public sector debt as a share of gross domestic product
Iceland
52.9%
in 2024
Latvia
54.2%
in 2024
Iceland rank
27th
Latvia rank
26th
Gross public sector debt as a share of gross domestic product over time
- Iceland
- Latvia
How they compare
Latvia currently reports 54.2% against 52.9% in Iceland, a difference of 1.3%.
The two have swapped places 1 time across 16 shared years of data; in 2009 it was Iceland ahead.
Iceland ranks 27th and Latvia ranks 26th of 49 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 121.2% | 41.4% | 79.8% | Iceland |
| 2010s | 94.7% | 43.2% | 51.6% | Iceland |
| 2020s | 59.4% | 51.0% | 8.4% | 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, Iceland or Latvia?
- Latvia, at 54.2% against 52.9% in Iceland as of 2024.
- What is the difference in gross public sector debt as a share of gross domestic product between Iceland and Latvia?
- 1.3%, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 16 years are reported by both, from 2009 to 2024.
- How do Iceland and Latvia rank globally for gross public sector debt as a share of gross domestic product?
- Iceland ranks 27th and Latvia ranks 26th 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 (%).