Gross public sector debt, Central Government, as a proportion of GDP in Iceland
Iceland: Gross public sector debt, Central Government, as a proportion of GDP was 52.9% in 2024. ▼ Falling
Gross public sector debt, Central Government, as a proportion of GDP in Iceland, 2009–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Iceland recorded 52.9% for gross public sector debt, central government, as a proportion of gdp in 2024. That is the lowest value across all 16 years on record.
Compared with earlier readings it is down 1.8% on the previous year and down 51.3% over ten years.
Over the whole period, gross public sector debt, central government, as a proportion of gdp in Iceland peaked at 129.6% in 2011 and was at its lowest, 52.9%, in 2024.
Iceland ranks 28th of 53 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Gross public sector debt, Central Government, as a proportion of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2009 | 121.3% | — |
| 2010 | 121.6% | +0.3% |
| 2011 | 129.6% | +6.6% |
| 2012 | 125.9% | -2.9% |
| 2013 | 115.3% | -8.4% |
| 2014 | 108.7% | -5.7% |
| 2015 | 90.7% | -16.6% |
| 2016 | 75.7% | -16.5% |
| 2017 | 64.0% | -15.4% |
| 2018 | 56.4% | -12.0% |
| 2019 | 59.4% | +5.3% |
| 2020 | 65.9% | +11.0% |
| 2021 | 63.9% | -2.9% |
| 2022 | 60.5% | -5.4% |
| 2023 | 53.9% | -10.9% |
| 2024 | 52.9% | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 121.3% | 121.3% | 121.3% | 1 |
| 2010s | 94.7% | 56.4% | 129.6% | 10 |
| 2020s | 59.4% | 52.9% | 65.9% | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross public sector debt, central government, as a proportion of gdp in Iceland?
- Gross public sector debt, central government, as a proportion of gdp in Iceland was 52.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest gross public sector debt, central government, as a proportion of gdp recorded in Iceland?
- The highest recorded value was 129.6% in 2011.
- What is the lowest gross public sector debt, central government, as a proportion of gdp recorded in Iceland?
- The lowest recorded value was 52.9% in 2024.
- How does Iceland rank for gross public sector debt, central government, as a proportion of gdp?
- Iceland ranks 28th out of 53 countries with data for 2024.
- Is gross public sector debt, central government, as a proportion of gdp rising or falling in Iceland?
- Over the last ten years it is down 51.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Gross public sector debt, Central Government, as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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