Iceland recorded a Government Debt to GDP of 79.90 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Iceland

Government Debt to GDP in Iceland averaged 67.69 percent of GDP from 1980 until 2020, reaching an all time high of 138.20 percent of GDP in 2011 and a record low of 23 percent of GDP in 1981. This page provides - Iceland Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Debt to GDP - values, historical data and charts - was last updated on September of 2021.

Government Debt to GDP in Iceland is expected to reach 52.00 percent of GDP by the end of 2021, 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 49.00 percent of GDP in 2022, according to our econometric models.

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Iceland Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
79.90 68.30 138.20 23.00 1980 - 2020 percent of GDP Yearly

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 79.90 68.30 138.20 23.00 percent of GDP [+]
Government Budget -7.30 -1.50 12.50 -12.10 percent of GDP [+]
Government Budget Value -88.20 -58.10 373.20 -206.30 ISK Billion [+]
Government Spending 165061.00 162125.00 165061.00 43717.00 ISK Million [+]
Government Spending to GDP 49.70 43.40 63.40 34.10 percent of GDP [+]
Government Revenues 312.10 316.40 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 400.40 374.50 400.40 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 30.00 20.00 255.00 5.00 persons [+]

Iceland Government Debt to GDP
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.