🇮🇸 Iceland National Debt Clock
Live tracker for Iceland government debt. The national debt currently stands at approximately $23.1 billion, growing at $49 per second based on IMF fiscal deficit projections. Debt-to-GDP: 57%. Per-citizen share: $57,977.
Among the 135 governments tracked here, Iceland ranks 62nd by debt-to-GDP, 98th by total debt and 9th by debt per person.
About Iceland's National Debt
Iceland rebuilt its public finances after the dramatic 2008 collapse of its oversized banking sector and years of capital controls, cutting its debt ratio substantially.
Iceland's debt-to-GDP ratio of 57% is moderate: higher than 53% of the 135 governments tracked here. No ratio is safe or dangerous on its own — whether a debt is sustainable depends on the interest rate on it, how fast the economy grows, the currency it is owed in and who holds it. By total government debt, Iceland ranks 98th of the 135 governments tracked here.
At the current borrowing rate of $49 per second, Iceland adds about $4 million to its government debt every day — roughly $1.5 billion per year. Each of Iceland's 0 million residents carries an individual share of approximately $57,977. That is above the world average of roughly $14,600 in government debt per person.
Figures are computed by Global Debt Clock by linear extrapolation from each country's baseline figure, named in the source line on this page (for most countries, the IMF World Economic Outlook, October 2026). Actual debt changes through discrete bond issuances — these counters illustrate the approximate scale and pace of sovereign borrowing.
Iceland National Debt — Frequently Asked Questions
What is Iceland's national debt right now?
Iceland's national debt is approximately $23.1 billion as of October 28, 2026, growing at $49 per second. Its debt-to-GDP ratio is 57% and each citizen's share is about $57,977.
How fast is Iceland's debt growing?
Iceland's government debt is growing at approximately $49 per second — about $4 million per day — derived from the IMF's projections for 2026.
What is Iceland's debt per capita?
Each of Iceland's 0 million residents carries a notional share of approximately $57,977 of the national debt.
What is Iceland's debt-to-GDP ratio?
Iceland's debt-to-GDP ratio is 57%. That is higher than 53% of the 135 governments tracked here.
Why is Iceland's government debt at this level?
Iceland rebuilt its public finances after the dramatic 2008 collapse of its oversized banking sector and years of capital controls, cutting its debt ratio substantially.
Compare Iceland vs another country
Live side-by-side debt comparisons — shareable cards for journalists and social.
Further reading
Other Europe countries
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Data & Citation
Source: IMF WEO October 2026 (GGXWDG, end-2025 stock) · baseline anchored .
Methodology: debt = 21,805,212,921 + 49 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=is (live JSON) · /data/debt.json (full dataset)
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