Aaron O'Neill
Research lead for society, economy, and politics: Europe & global
Get in touch with us nowNational debt of Iceland in relation to gross domestic product (GDP) 2029
The ratio of national debt to gross domestic product (GDP) in Iceland was forecast to continuously decrease between 2024 and 2029 by in total 15.6 percentage points. After the ninth consecutive decreasing year, the ratio is estimated to reach 44.77 percent and therefore a new minimum in 2029.
This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Norway, Finland, and Denmark.
This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.
Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Norway, Finland, and Denmark.
