NATIONAL PUBLIC DEBT Iceland 2023

Public debt in Iceland goes down

In 2023 Iceland public debt was 18,027 million euros19,498 million dollars, has decreased 362118 million since 2022.

This amount means that the debt in 2023 reached 62.24% of Iceland GDP, a 5.12 percentage point fall from 2022, when it was 67.36% of GDP.

If we check the tables we can see the evolution of Iceland debt. It has risen since 2013 in global debt terms, when it was 14,807 million euros 19,666 million dollars although it has fallen as a percentage of GDP, when it amounted to 121.96%.

According to the last data point published, Iceland per capita debt in 2023 was 46,998 euros50,832 dollars per inhabitant. In 2022 it was 47,424 euros 49,979 dollars, afterwards dropping by 426 euros 853dollars, and if we again check 2013 we can see that then the debt per person was 45,467 euros60,386 dollars .

The position of Iceland, as compared with the rest of the world, has improved in 2023 in terms of GDP percentage. Currently it is country number 117 in the list of debt to GDP and 185 in debt per capita, out of the 191 we publish.

In this page we show you the progression of the public debt in Iceland. You can see debt in other countries in Public debt and see all the information about Iceland in economy of Iceland.

Iceland: Evolution of debt
DateDebt (M.€.)Debt ($M)Debt (%GDP)Debt Per CapitaDebt Per Capita
202318,02719,49862.24%€46,998$50,832
202218,38919,38067.36%€47,424$49,979
202116,31219,30674.76%€43,354$51,311
202014,69016,76677.51%€39,834$45,461
201914,66616,42066.53%€40,276$45,093
201814,05816,60963.25%€39,379$46,526
201715,70917,74071.74%€45,084$50,912
201615,49617,14882.47%€45,800$50,682
201515,36417,04897.32%€46,203$51,268
201415,50320,602115.30%€47,109$62,600
201314,80719,666121.96%€45,467$60,386
20129,69319,75796.40%€30,117$61,383
201110,18421,03399.10%€31,867$65,816
20109,28618,30893.00%€29,160$57,491
20097,32216,93987.90%€23,053$53,329
20082,92519,94770.40%€9,157$62,458
20074,05714,81228.50%€12,861$46,952
20063,50212,33927.90%€11,381$40,105
20053,58611,61726.00%€11,956$38,737
20048,99111,17980.86%€30,626$38,079
20038,5979,72285.07%€29,587$33,460
20028,1027,65682.16%€28,086$26,539
20017,6676,86783.38%€26,753$23,961
20007,4046,84175.80%€26,129$24,144
19996,4496,88076.59%€23,109$24,654
19983,73843.95%€12,144$13,557
19973,94052.05%€12,819$14,465
19964,12755.58%€12,054$15,292
19954,13758.07%€11,817$15,439
19943,50454.81%€10,907$13,124
19933,25552.29%€10,354$12,281
19923,22645.40%€9,353$12,294
19912,61337.61%€8,011$10,062
19902,30835.49%€6,992$9,021
19892,01135.29%€7,092$7,925
19881,88030.59%€6,240$7,461
19871,52027.33%€5,247$6,138
19861,19929.87%€4,898$4,910
198596332.02%€5,123$3,978
198493832.43%€4,864$3,897
198385930.75%€3,998$3,602
198294128.95%€4,024$3,996
198100%€0$0
198000%€0$0
Iceland: Evolution of debt as a percentage of GDP

Iceland: Evolution of debt in millions