Iceland Government Debt to GDP

Iceland recorded a government debt equivalent to 37.70 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Iceland averaged 46.65 percent from 1980 until 2018, reaching an all time high of 92.10 percent in 2011 and a record low of 23.03 percent in 1981.

Government Debt to GDP in Iceland is expected to be 37.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Debt to GDP is projected to trend around 35.00 percent in 2020, according to our econometric models.

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Iceland Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	37.70	43.10	92.10	23.03	percent	[+]
Government Budget	1.10	0.50	12.40	-12.90	percent of GDP	[+]
Government Budget Value	6.10	1.90	373.20	-206.30	ISK Billion	[+]
Government Spending	79869.00	76637.00	79869.00	43717.00	ISK Million	[+]
Government Spending to GDP	41.70	43.30	54.50	34.10	percent	[+]
Government Revenues	308.50	287.70	620.20	96.70	ISK Billion	[+]
Fiscal Expenditure	302.30	285.80	370.50	97.80	ISK Billion	[+]
Credit Rating	55.45					[+]
Asylum Applications	75.00	70.00	255.00	5.00	persons	[+]

Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Iceland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	37.70	43.10	92.10	23.03	1980 - 2018	percent	Yearly

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Country	Last		Previous	Range
Japan	238.20	Dec/18	238	238 : 50.6	%
Italy	134.80	Dec/18	134	135 : 90.5	%
Singapore	112.20	Dec/18	111	112 : 67.4	%
United States	106.10	Dec/18	105	119 : 31.8	%
France	98.40	Dec/18	98.4	98.4 : 20.7	%
Spain	97.10	Dec/18	98.1	100 : 16.6	%
Canada	89.70	Dec/18	90.1	100 : 44.9	%
Argentina	86.20	Dec/18	56.6	167 : 34.5	%
Euro Area	85.10	Dec/18	87.1	92 : 65	%
United Kingdom	84.70	Dec/18	85.1	85.1 : 21.8	%
Brazil	77.22	Dec/18	74.07	77.22 : 51.27	%
India	68.30	Dec/18	68.9	83.23 : 47.94	%
Germany	60.90	Dec/18	64.5	81.8 : 54.8	%
South Africa	55.80	Dec/18	53.1	55.8 : 27.8	%
Netherlands	52.40	Dec/18	57	73.1 : 43	%
China	50.50	Dec/18	46.8	50.5 : 20.4	%
Mexico	46.00	Dec/18	46	48.2 : 17.9	%
Australia	40.70	Dec/18	40.7	40.7 : 9.7	%
South Korea	36.60	Dec/18	36.3	39.9 : 8.24	%
Turkey	30.40	Dec/18	28.3	76.1 : 27.6	%
Indonesia	29.80	Dec/18	28.7	87.43 : 22.96	%
Switzerland	27.70	Dec/18	29.3	48.9 : 25.1	%
Saudi Arabia	19.10	Dec/18	17.2	104 : 1.6	%
Russia	13.50	Dec/17	12.9	92.1 : 6.5	%