Facts
- Government gross debt, % of GDP
- 56.7 % (2025)
- Fiscal balance, % of GDP
- -2.6 % (2025)
- GDP, current prices
- $38.5 bn (2025)
- Current account, % of GDP
- -4.0 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- −39.6 pp
- Central government debt, % of GDP (World Bank)
- 80.1 % (2023)
- ISO code
- ISL
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | -2.6 % |
| 2024 | -4.1 % |
| 2023 | -2.1 % |
| 2022 | -3.8 % |
| 2021 | -8.0 % |
| 2020 | -8.8 % |
| 2019 | -1.4 % |
| 2018 | 1.0 % |
| 2017 | 1.3 % |
| 2016 | 12.7 % |
| 2015 | -0.1 % |
| 2014 | 0.6 % |
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $38.5 bn |
| 2024 | $33.2 bn |
| 2023 | $31.7 bn |
| 2022 | $29.2 bn |
| 2021 | $26.2 bn |
| 2020 | $22.0 bn |
| 2019 | $25.0 bn |
| 2018 | $26.7 bn |
| 2017 | $25.1 bn |
| 2016 | $21.1 bn |
| 2015 | $17.7 bn |
| 2014 | $18.1 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | -4.0 % |
| 2024 | -3.4 % |
| 2023 | -1.4 % |
| 2022 | -1.7 % |
| 2021 | -2.6 % |
| 2020 | 1.9 % |
| 2019 | 7.4 % |
| 2018 | 4.4 % |
| 2017 | 4.9 % |
| 2016 | 8.9 % |
| 2015 | 6.3 % |
| 2014 | 5.0 % |
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 56.7 % |
| 2024 | 60.5 % |
| 2023 | 61.6 % |
| 2022 | 66.4 % |
| 2021 | 73.6 % |
| 2020 | 76.1 % |
| 2019 | 65.7 % |
| 2018 | 62.3 % |
| 2017 | 70.8 % |
| 2016 | 81.3 % |
| 2015 | 96.3 % |
| 2014 | 114.1 % |
Central government debt, % of GDP (World Bank)
| Period | Value |
|---|---|
| 2023 | 80.1 |
| 2022 | 85.1 |
| 2021 | 94.3 |
| 2020 | 98.5 |
| 2019 | 89.0 |
| 2018 | 80.7 |
| 2017 | 89.2 |
| 2016 | 101.9 |
| 2015 | 116.2 |
| 2014 | 134.4 |
| 2013 | 139.9 |
| 2012 | 150.8 |