Canada vs Iceland: Net lending (+) / net borrowing (-)
Net lending (+) / net borrowing (-) over time
- Canada
- Iceland
How they compare
Iceland currently reports -1.1% against -1.2% in Canada, a difference of 0.1%.
The two have swapped places 9 times across 34 shared years of data; in 1990 it was Iceland ahead.
Canada ranks 52nd and Iceland ranks 49th of 156 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -2.9% | -1.3% | 1.6% | Iceland |
| 2000s | 1.2% | -0.3% | 1.4% | Canada |
| 2010s | 0.0% | 0.2% | 0.1% | Iceland |
| 2020s | -2.7% | -4.6% | 2.0% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net lending (+) / net borrowing (-), Canada or Iceland?
- Iceland, at -1.1% against -1.2% in Canada as of 2023.
- What is the difference in net lending (+) / net borrowing (-) between Canada and Iceland?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and Iceland rank globally for net lending (+) / net borrowing (-)?
- Canada ranks 52nd and Iceland ranks 49th of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net lending (+) / net borrowing (-) (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.