Canada vs Iceland: Gross public sector debt, Central Government, as a proportion of GDP

Canada
47.4%
in 2024
Iceland
52.9%
in 2024
Canada rank
29th
Iceland rank
28th

Gross public sector debt, Central Government, as a proportion of GDP over time

  • Canada
  • Iceland
255075100125200020122024

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 29th and Iceland ranks 28th of 53 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% 121.3% 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, central government, as a proportion of gdp, Canada or Iceland?
Iceland, at 52.9% against 47.4% in Canada as of 2024.
What is the difference in gross public sector debt, central government, as a proportion of gdp 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, central government, as a proportion of gdp?
Canada ranks 29th and Iceland ranks 28th of 53 countries.
Where does this data come from?
United Nations Statistics Division, SDG Global Database, published as Gross public sector debt, Central Government, as a proportion of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Canada vs Iceland: Gross public sector debt, Central Government, as a proportion of GDP. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 14 September 2026, from https://economy.statizoid.com/compare/gross-public-sector-debt-central-government-as-a-proportion-of-gdp-percent/canada/iceland/

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About this data

Indicator
Gross public sector debt, Central Government, as a proportion of GDP (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
54 places, 1,115 data points, 2000–2024
Last refreshed