Outstanding domestic public debt securities to GDP in Iceland
Iceland: Outstanding domestic public debt securities to GDP was 36.4% in 2020. ◆ Volatile
Outstanding domestic public debt securities to GDP in Iceland, 1987–2020
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2020, outstanding domestic public debt securities to gdp in Iceland stood at 36.4%.
That represents a change of up 36.2% on the previous year and down 26.2% over ten years.
Over the whole period, outstanding domestic public debt securities to gdp in Iceland peaked at 49.3% in 2013 and was at its lowest, 7.2%, in 1988.
That places Iceland 22nd out of 32 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Outstanding domestic public debt securities to GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 7.6% | — |
| 1988 | 7.2% | -4.6% |
| 1989 | 9.3% | +29.1% |
| 1990 | 12.9% | +38.3% |
| 1991 | 14.6% | +13.2% |
| 1992 | 15.2% | +3.8% |
| 1993 | 18.5% | +21.8% |
| 1994 | 21.6% | +16.8% |
| 1995 | 21.9% | +1.3% |
| 1996 | 21.6% | -1.1% |
| 1997 | 21.4% | -1.1% |
| 1998 | 21.1% | -1.5% |
| 1999 | 17.5% | -17.1% |
| 2000 | 12.9% | -25.9% |
| 2001 | 13.3% | +2.9% |
| 2002 | 15.0% | +12.9% |
| 2003 | 16.3% | +8.7% |
| 2004 | 16.4% | +0.1% |
| 2005 | 13.1% | -20.0% |
| 2006 | 10.9% | -16.6% |
| 2007 | 10.5% | -3.7% |
| 2008 | 15.0% | +42.8% |
| 2009 | 29.4% | +95.9% |
| 2010 | 49.3% | +67.7% |
| 2011 | 46.7% | -5.3% |
| 2012 | 47.8% | +2.4% |
| 2013 | 49.3% | +3.1% |
| 2014 | 42.0% | -14.8% |
| 2015 | 42.9% | +2.1% |
| 2016 | 40.3% | -6.1% |
| 2017 | 33.3% | -17.3% |
| 2018 | 25.3% | -24.1% |
| 2019 | 26.7% | +5.6% |
| 2020 | 36.4% | +36.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.1% | 7.2% | 9.3% | 3 |
| 1990s | 18.6% | 12.9% | 21.9% | 10 |
| 2000s | 15.3% | 10.5% | 29.4% | 10 |
| 2010s | 40.4% | 25.3% | 49.3% | 10 |
| 2020s | 36.4% | 36.4% | 36.4% | 1 |
Countries ranked near Iceland
More financial sector data for Iceland
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (2025)
Frequently asked questions
- What is outstanding domestic public debt securities to gdp in Iceland?
- Outstanding domestic public debt securities to gdp in Iceland was 36.4% in 2020, according to Bank for International Settlements (BIS).
- What is the highest outstanding domestic public debt securities to gdp recorded in Iceland?
- The highest recorded value was 49.3% in 2013.
- What is the lowest outstanding domestic public debt securities to gdp recorded in Iceland?
- The lowest recorded value was 7.2% in 1988.
- How does Iceland rank for outstanding domestic public debt securities to gdp?
- Iceland ranks 22nd out of 32 countries with data for 2020.
- Is outstanding domestic public debt securities to gdp rising or falling in Iceland?
- Over the last ten years it is down 26.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Outstanding domestic public debt securities to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Total amount of domestic public debt securities (amounts outstanding) issued in domestic markets as a share of GDP. It covers long-term bonds and notes, treasury bills, commercial paper and other short-term notes. Table 16A (domestic debt amount): governments / GDP. End of year data (i.e. December data) are considered for debt securities. The figures are deflated using the following methodology: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is the level domestic public debt, P_e is end-of period CPI, and P_a is average annual CPI. GDP is from World Development Indicators. End-of period CPI is taken from IFS line 64M..ZF month of December (or if not available Q4). Average annual CPI is constructed from the monthly CPI figure taken from IFS line 64..ZF.