Iceland Government Debt Over Time (1982–2026)

Global Statistics and Country Indicators

Government Gross Debt (% of GDP)

Global rank: 90 / 184

Data table

1982	28.1%	1994	53%	2005	67.8%	2016	81.3%
1983	29.9%	1995	56.1%	2006	69.8%	2017	70.8%
1984	31.6%	1996	53.7%	2007	67.4%	2018	62.3%
1985	31.1%	1997	51.1%	2008	109.3%	2019	65.7%
1986	29%	1998	43.3%	2009	128.2%	2020	76.1%
1987	26.5%	1999	75.5%	2010	131.5%	2021	73.6%
1988	29.6%	2000	74.8%	2011	136.6%	2022	66.4%
1989	34.2%	2001	82.5%	2012	132.2%	2023	61.5%
1990	34.4%	2002	81.3%	2013	121.1%	2024	60.4%
1991	36.4%	2003	84.1%	2014	114.1%	2025	56.1%
1992	43.9%	2004	80.1%	2015	96.3%	2026	53.6%
1993	50.6%

Government Gross Debt (Local currency - ISK)

Data table

1982	11.63B	1994	245.1B	2005	731.7B	2016	2.07T
1983	21.34B	1995	267.6B	2006	866B	2017	1.9T
1984	29.72B	1996	274.4B	2007	948.7B	2018	1.8T
1985	39.99B	1997	279.4B	2008	1.75T	2019	2.01T
1986	49.27B	1998	265.2B	2009	2.09T	2020	2.27T
1987	58.78B	1999	497.6B	2010	2.24T	2021	2.45T
1988	80.85B	2000	537.8B	2011	2.44T	2022	2.62T
1989	114.7B	2001	669B	2012	2.47T	2023	2.69T
1990	134.5B	2002	701.8B	2013	2.4T	2024	2.77T
1991	154.2B	2003	745.8B	2014	2.41T	2025	2.78T
1992	185.6B	2004	784.7B	2015	2.25T	2026	2.88T
1993	220.1B

Government Net Debt (% of GDP)

Global rank: 45 / 86

Data table

1982	0.4%	1994	35.8%	2005	53%	2016	66.7%
1983	5.6%	1995	37.6%	2006	53.2%	2017	59.5%
1984	5.5%	1996	37.5%	2007	51.1%	2018	50%
1985	5.7%	1997	35.9%	2008	88.2%	2019	53.7%
1986	8.5%	1998	39.9%	2009	110.8%	2020	59.7%
1987	7.7%	1999	70.1%	2010	108.8%	2021	58.8%
1988	9.3%	2000	70.1%	2011	103.4%	2022	55.3%
1989	16.4%	2001	78.6%	2012	103.5%	2023	52.1%
1990	18%	2002	77.9%	2013	98.5%	2024	50.4%
1991	18.7%	2003	80.3%	2014	87.3%	2025	45.8%
1992	25.2%	2004	71.6%	2015	77.3%	2026	44%
1993	32.9%

Government Net Debt (Local currency - ISK)

Data table

1982	179M	1994	165.5B	2005	572.2B	2016	1.7T
1983	3.98B	1995	179.3B	2006	660.3B	2017	1.59T
1984	5.17B	1996	191.5B	2007	719.1B	2018	1.44T
1985	7.35B	1997	196.5B	2008	1.42T	2019	1.65T
1986	14.49B	1998	244.6B	2009	1.81T	2020	1.78T
1987	17.05B	1999	461.6B	2010	1.85T	2021	1.96T
1988	25.37B	2000	503.5B	2011	1.85T	2022	2.18T
1989	55.09B	2001	637.5B	2012	1.93T	2023	2.28T
1990	70.51B	2002	672.3B	2013	1.95T	2024	2.31T
1991	79.25B	2003	712.4B	2014	1.84T	2025	2.27T
1992	106.5B	2004	701.5B	2015	1.8T	2026	2.37T
1993	143.2B