24Peaks / Europe / Iceland / Government Total Liabilities (% of GDP)

Iceland - Government Total Liabilities (% of GDP) 94.41

IMF Government Finance Statistics · updated 2026-10-03 · 78 economies tracked

Latest value

94.41 (2023)

Global rank

##14 of 78 economies

Share of global total

2.2%

Growth since 1997

1.24×

Ranking Race — Government Total Liabilities (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#5519901995200020052010201520202025#9#142009 overtook Japan2019 overtook Brazil
IcelandUnited StatesCanadaNew ZealandTürkiye

Real annual global ranks, 1990 - 2025. Iceland climbed from #9 to #14 (overtook Japan). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2009
Overtook Japan in global rank auto
2019
Overtook Brazil in global rank auto

Government Total Liabilities (% of GDP), 1997-2023

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
199720072017202361.7297.47133.23168.98
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