Iceland vs United Kingdom of Great Britain and Northern Ireland: Central government debt, total
Central government debt, total over time
- Iceland
- United Kingdom of Great Britain and Northern Ireland
How they compare
United Kingdom of Great Britain and Northern Ireland currently reports 3.78 trillion current LCU against 3.50 trillion current LCU in Iceland, a difference of 277.58 billion current LCU.
That makes United Kingdom of Great Britain and Northern Ireland's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 34 shared years of data; in 1990 it was United Kingdom of Great Britain and Northern Ireland ahead.
Iceland ranks 25th and United Kingdom of Great Britain and Northern Ireland ranks 24th of 83 countries.
United Kingdom of Great Britain and Northern Ireland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 234.43 billion current LCU | 534.47 billion current LCU | 300.05 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2000s | 989.05 billion current LCU | 1.29 trillion current LCU | 304.89 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 2.65 trillion current LCU | 2.86 trillion current LCU | 215.92 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2020s | 3.24 trillion current LCU | 3.93 trillion current LCU | 694.45 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher central government debt, total, Iceland or United Kingdom of Great Britain and Northern Ireland?
- United Kingdom of Great Britain and Northern Ireland, at 3.78 trillion current LCU against 3.50 trillion current LCU in Iceland as of 2024.
- What is the difference in central government debt, total between Iceland and United Kingdom of Great Britain and Northern Ireland?
- 277.58 billion current LCU, with United Kingdom of Great Britain and Northern Ireland ahead.
- How many years of comparable data are there for Iceland and United Kingdom of Great Britain and Northern Ireland?
- 34 years are reported by both, from 1990 to 2023.
- How do Iceland and United Kingdom of Great Britain and Northern Ireland rank globally for central government debt, total?
- Iceland ranks 25th and United Kingdom of Great Britain and Northern Ireland ranks 24th of 83 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Central government debt, total (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.