Iceland Government Debt to GDP

Iceland recorded a government debt equivalent to 42.30 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Iceland averaged 47.45 percent from 1980 until 2017, reaching an all time high of 94.70 percent in 2011 and a record low of 23 percent in 1981.

Government Debt to GDP in Iceland is expected to be 40.00 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 37.00 percent in 2020, according to our econometric models.

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Iceland Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	42.30	52.80	94.70	23.00	percent	[+]
Government Budget	0.00	12.30	12.30	-12.90	percent of GDP	[+]
Government Budget Value	9.60	18.80	373.10	-206.30	ISK Billion	[+]
Government Spending	74967.00	77043.00	77049.00	44951.00	ISK Million	[+]
Government Spending to GDP	41.90	45.20	55.30	34.10	percent	[+]
Government Revenues	275.00	300.40	620.20	96.70	ISK Billion	[+]
Fiscal Expenditure	265.40	281.60	372.40	97.80	ISK Billion	[+]
Credit Rating	55.45					[+]
Asylum Applications	60.00	45.00	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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	42.30	52.80	94.70	23.00	1980 - 2017	percent	Yearly

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Country	Last		Previous	Range
Japan	253.00	Dec/17	250	253 : 50.6	%
Italy	131.80	Dec/17	132	132 : 90.5	%
Singapore	110.60	Dec/17	112	112 : 67.4	%
United States	105.40	Dec/17	106	119 : 31.7	%
Spain	98.30	Dec/17	99	100 : 16.6	%
France	97.00	Dec/17	96.6	97 : 20.7	%
Canada	89.60	Dec/17	92.4	101 : 45.1	%
Euro Area	86.70	Dec/17	89	91.9 : 64.9	%
United Kingdom	85.30	Dec/17	82.6	85.3 : 21.7	%
Brazil	74.04	Dec/17	69.95	74.04 : 51.27	%
India	68.70	Dec/17	69.6	84.2 : 66	%
Germany	64.10	Dec/17	68.2	81 : 54.7	%
Argentina	57.10	Dec/17	53.3	167 : 34.5	%
Netherlands	56.70	Dec/17	61.8	73.5 : 42.7	%
South Africa	53.10	Dec/17	51.6	53.1 : 27.8	%
China	47.60	Dec/17	44.3	47.6 : 20.4	%
Mexico	46.40	Dec/17	48.2	48.2 : 17.1	%
Australia	41.90	Dec/17	41	41.9 : 9.7	%
South Korea	38.00	Dec/17	38.3	38.3 : 8.24	%
Switzerland	29.70	Dec/17	29.1	48.9 : 25.1	%
Indonesia	28.70	Dec/17	27.9	87.43 : 22.96	%
Turkey	28.30	Dec/17	28.3	76.1 : 27.6	%
Saudi Arabia	17.20	Dec/17	13.1	104 : 1.6	%
Russia	12.60	Dec/17	12.9	92.1 : 7.4	%