National debt ratio in Iceland
The national debt ratio of Iceland indicates the relationship between Iceland's national debt on the one hand and Iceland's nominal gross domestic product on the other.
Development in recent years
Iceland's national debt ratio increased between 2008 and 2013 due to the financial crisis . While the national debt of 1,041.6 billion Icelandic kroner at the end of 2008 corresponded to a national debt ratio of 70.4%, the national debt ratio reached 89.9% at the end of 2013 in view of a debt level of 1,605.2 billion Icelandic kroner.
Forecast development
The International Monetary Fund assumes that the national debt ratio of Iceland will decrease to 68.7% by the end of 2019 with a debt level of 1,781.1 billion Icelandic kroner.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)