Data / General government gross debt, national accounts / Iceland

General government gross debt, national accounts in Iceland

General government gross debt, national accounts in Iceland was 89.8% of GDP in 2024, according to the Organisation for Economic Co-operation and Development. That is down 3.6 pts from 2023. That is the 11th highest of 37 countries in 2024.

2024, % of GDP89.8
Change on 2023-3.6 pts
Rank11th of 37Countries ranked
Series high167.12011
Series low64.62003

General government gross debt, national accounts in Iceland, 2003 to 2024

50751001251501752003200720112015201920242003: 64.6 % of GDP2004: 109.6 % of GDP2005: 94.4 % of GDP2006: 97.1 % of GDP2007: 91.6 % of GDP2008: 139.5 % of GDP2009: 157.6 % of GDP2010: 160.8 % of GDP2011: 167.1 % of GDP2012: 162.6 % of GDP2013: 150.8 % of GDP2014: 145 % of GDP2015: 127 % of GDP2016: 114.8 % of GDP2017: 103.5 % of GDP2018: 93.9 % of GDP2019: 97.8 % of GDP2020: 111.8 % of GDP2021: 107.5 % of GDP2022: 98.3 % of GDP2023: 93.3 % of GDP2024: 89.8 % of GDP
% of GDP. Source: OECD, OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). Retrieved 2026-10-12, published 2026-10-12.
All 22 values
Period% of GDP
202489.8
202393.3
202298.3
2021107.5
2020111.8
201997.8
201893.9
2017103.5
2016114.8
2015127
2014145
2013150.8
2012162.6
2011167.1
2010160.8
2009157.6
2008139.5
200791.6
200697.1
200594.4
2004109.6
200364.6

Rankings

Definition

Gross debt of general government (central, state and local government and social security funds) as a percentage of GDP, under the System of National Accounts: all liabilities that are debt instruments, including loans, debt securities, currency and deposits, insurance and pension entitlements and other accounts payable.

Not the Maastricht debt in government_debt: this measure also counts pension entitlements and accounts payable, and some countries value securities at market prices, so it is usually higher. Use it to compare OECD countries with each other.

How to cite

OECD. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html

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Questions

What is the general government gross debt, national accounts in Iceland?

General government gross debt, national accounts in Iceland was 89.8% of GDP in 2024, according to the Organisation for Economic Co-operation and Development. That is down 3.6 pts from 2023. That is the 11th highest of 37 countries in 2024.

Where does this figure come from?

Organisation for Economic Co-operation and Development. OECD National Accounts at a Glance: gross debt of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, LES13_FD4). Retrieved by Invokely on 2026-10-12.

What was the highest general government gross debt, national accounts in Iceland?

167.1% of GDP in 2011, the highest value since 2003 in this series.

General government gross debt, national accounts in other countries

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