Iceland Government Debt Over Time (1982–2027)

Global Statistics and Country Indicators

Government Gross Debt (% of GDP)

Global rank: 94 / 186

Data table

1982	28.1%	1994	53%	2006	69.8%	2017	70.8%
1983	29.9%	1995	56.1%	2007	67.4%	2018	62.3%
1984	31.6%	1996	53.7%	2008	109.3%	2019	65.7%
1985	31.1%	1997	51.1%	2009	128.2%	2020	76.1%
1986	29%	1998	43.3%	2010	131.5%	2021	73.6%
1987	26.5%	1999	75.5%	2011	136.6%	2022	66.4%
1988	29.6%	2000	74.8%	2012	132.2%	2023	61.6%
1989	34.2%	2001	82.5%	2013	121.1%	2024	60.5%
1990	34.4%	2002	81.3%	2014	114.1%	2025	56.7%
1991	36.4%	2003	84.1%	2015	96.3%	2026	54.6%
1992	43.9%	2004	80.1%	2016	81.3%	2027	52.9%
1993	50.6%	2005	67.8%

Government Gross Debt (Local currency - ISK)

Data table

1982	11.63B	1994	245.1B	2006	866B	2017	1.9T
1983	21.34B	1995	267.6B	2007	948.7B	2018	1.8T
1984	29.72B	1996	274.4B	2008	1.75T	2019	2.01T
1985	39.99B	1997	279.4B	2009	2.09T	2020	2.27T
1986	49.27B	1998	265.2B	2010	2.24T	2021	2.45T
1987	58.78B	1999	497.6B	2011	2.44T	2022	2.62T
1988	80.85B	2000	537.8B	2012	2.47T	2023	2.69T
1989	114.7B	2001	669B	2013	2.4T	2024	2.77T
1990	134.5B	2002	701.8B	2014	2.41T	2025	2.8T
1991	154.2B	2003	745.8B	2015	2.25T	2026	2.88T
1992	185.6B	2004	784.7B	2016	2.07T	2027	2.95T
1993	220.1B	2005	731.7B

Government Net Debt (% of GDP)

Global rank: 46 / 87

Data table

1982	0.4%	1994	35.8%	2006	53.2%	2017	59.5%
1983	5.6%	1995	37.6%	2007	51.1%	2018	50%
1984	5.5%	1996	37.5%	2008	88.2%	2019	53.7%
1985	5.7%	1997	35.9%	2009	110.8%	2020	59.7%
1986	8.5%	1998	39.9%	2010	108.8%	2021	58.8%
1987	7.7%	1999	70.1%	2011	103.4%	2022	55.3%
1988	9.3%	2000	70.1%	2012	103.5%	2023	52.2%
1989	16.4%	2001	78.6%	2013	98.5%	2024	50.4%
1990	18%	2002	77.9%	2014	87.3%	2025	46.6%
1991	18.7%	2003	80.3%	2015	77.3%	2026	45.2%
1992	25.2%	2004	71.6%	2016	66.7%	2027	43.9%
1993	32.9%	2005	53%

Government Net Debt (Local currency - ISK)

Data table

1982	179M	1994	165.5B	2006	660.3B	2017	1.59T
1983	3.98B	1995	179.3B	2007	719.1B	2018	1.44T
1984	5.17B	1996	191.5B	2008	1.42T	2019	1.65T
1985	7.35B	1997	196.5B	2009	1.81T	2020	1.78T
1986	14.49B	1998	244.6B	2010	1.85T	2021	1.96T
1987	17.05B	1999	461.6B	2011	1.85T	2022	2.18T
1988	25.37B	2000	503.5B	2012	1.93T	2023	2.28T
1989	55.09B	2001	637.5B	2013	1.95T	2024	2.31T
1990	70.51B	2002	672.3B	2014	1.84T	2025	2.3T
1991	79.25B	2003	712.4B	2015	1.8T	2026	2.38T
1992	106.5B	2004	701.5B	2016	1.7T	2027	2.45T
1993	143.2B	2005	572.2B