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Iceland National Debt Clock

General government gross debt, live estimate

$23,140,596,850

Grows by about $49 every second in 2026 · 54.6% of GDP

Source: IMF World Economic Outlook, DataMapper API, retrieved 2026-11-11. US dollars at IMF exchange rates.

Debt to GDP
54.6%
−2.1 pp vs 2025
Debt per citizen
$58,677
0.4 million people
GDP
$42.8 billion
2026, current US dollars
Debt to GDP in 2031
47.5%
IMF projection

Iceland debt to GDP, 2000–2031

Gross government debt as a share of the economy. Hover a bar for the exact value.

0% 50% 100% 150% 2000: 74.8% of GDP 2001: 82.5% of GDP 2002: 81.3% of GDP 2003: 84.1% of GDP 2004: 80.1% of GDP 2005: 67.8% of GDP 2006: 69.8% of GDP 2007: 67.4% of GDP 2008: 109.3% of GDP 2009: 128.2% of GDP 2010: 131.5% of GDP 2011: 136.6% of GDP 2012: 132.2% of GDP 2013: 121.1% of GDP 2014: 114.1% of GDP 2015: 96.3% of GDP 2016: 81.3% of GDP 2017: 70.8% of GDP 2018: 62.3% of GDP 2019: 65.7% of GDP 2020: 76.1% of GDP 2021: 73.6% of GDP 2022: 66.4% of GDP 2023: 61.6% of GDP 2024: 60.5% of GDP 2025: 56.7% of GDP 2026: 54.6% of GDP (IMF projection) 2027: 52.9% of GDP (IMF projection) 2028: 51.6% of GDP (IMF projection) 2029: 50% of GDP (IMF projection) 2030: 48.6% of GDP (IMF projection) 2031: 47.5% of GDP (IMF projection) 2000200520102015202020252030
Reported and estimated IMF projection

How Iceland compares in Europe

Countries with the closest debt to GDP ratio in 2026.

CountryDebt to GDPDebt
Romania 62.6% $294.3 billion
Slovakia 62.2% $103.9 billion
Croatia 56.3% $65.3 billion
Iceland 54.6% $23.4 billion
Cyprus 51.4% $22.8 billion
Latvia 47.0% $25.0 billion
Malta 46.4% $14.2 billion
All 80 countries →

Iceland's debt in perspective

  • It would buy 5,142 Lamborghini Venenos at $4.5 million each.
  • Laid end to end, the debt in $100 bills would wrap around the Earth 0 times.
  • Spending $1,000,000 a day, it would take 63 years and 4 months to spend it all.

Frequently asked questions

What is the national debt of Iceland?

Iceland's general government gross debt is about $23.1 billion right now. The IMF expects $23.4 billion by the end of 2026, up from $21.8 billion at the end of 2025.

What is Iceland's debt to GDP ratio?

54.6% of GDP in 2026, compared with 56.7% in 2025. The IMF projects 47.5% by 2031.

How much debt is there per person in Iceland?

About $58,677 per citizen, based on a population of 0.4 million.

Is Iceland's national debt growing?

Yes. In 2026 it grows by about $49 every second.

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