Iceland recorded a Government Debt to GDP of 60.40 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Iceland averaged 66.87 percent of GDP from 1980 until 2024, reaching an all time high of 136.70 percent of GDP in 2011 and a record low of 23.00 percent of GDP in 1981. source: Central Bank of Iceland
Government Debt to GDP in Iceland is expected to reach 50.90 percent of GDP by the end of 2026, 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 48.50 percent of GDP in 2027 and 47.50 percent of GDP in 2028, according to our econometric models.