Iceland

Government debt in Iceland

Government debt in Iceland: 28.1% of GDP in 1982 and 56.7% of GDP in 2025, by IMF estimates.

Latest, 2025
56.7% of GDP
Since 1982
+28.6 percentage points
Rank, 2025
64 of 149
counting from the highest
Projected, 2031
47.5% of GDP
IMF projection (World Economic Outlook, October 2026)
Watch it change on the map

% of GDP · IMF

Government debt in IcelandGovernment debt in Iceland: 28.1% of GDP in 1982 and 56.7% of GDP in 2025, by IMF estimates. The IMF projection (World Economic Outlook, October 2026) puts it at 47.5% of GDP in 2031.
Estimates, IMFIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • The IMF projection (World Economic Outlook, October 2026) puts it at 47.5% of GDP in 2031.
  • The highest was 136.6% of GDP in 2011, the lowest 26.5% of GDP in 1987.

Every year

% of GDP · IMF

YearIceland
202556.7
202460.5
202361.6
202266.4
202173.6
202076.1
201965.7
201862.3
201770.8
201681.3
201596.3
2014114.1
2013121.1
2012132.2
2011136.6
2010131.5
2009128.2
2008109.3
200767.5
200669.8
200567.8
200480.1
200384.1
200281.3
200182.5
200074.9
199975.5
199843.3
199751.1
199653.7
199556.1
199453
199350.6
199243.9
199136.4
199034.4
198934.2
198829.6
198726.5
198629
198531.1
198431.6
198329.9
198228.1
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearIceland
202654.6
202752.9
202851.6
202950
203048.6
203147.5

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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