Interest payments in Iceland
Iceland: Interest payments was 206.57 billion current LCU in 2023. ◆ Volatile
Interest payments in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Iceland recorded 206.57 billion current LCU for interest payments in 2023. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 33.6% over ten years.
Over the whole period, interest payments in Iceland peaked at 206.57 billion current LCU in 2023 and was at its lowest, 5.60 million current LCU, in 1972.
Iceland ranks 44th of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 5.60 million current LCU | — |
| 1973 | 9.80 million current LCU | +75.0% |
| 1974 | 15.60 million current LCU | +59.2% |
| 1975 | 39.50 million current LCU | +153.2% |
| 1976 | 42.40 million current LCU | +7.3% |
| 1977 | 65.00 million current LCU | +53.3% |
| 1978 | 130.20 million current LCU | +100.3% |
| 1979 | 209.60 million current LCU | +61.0% |
| 1980 | 242.70 million current LCU | +15.8% |
| 1981 | 423.80 million current LCU | +74.6% |
| 1982 | 779.00 million current LCU | +83.8% |
| 1983 | 1.64 billion current LCU | +110.3% |
| 1984 | 2.43 billion current LCU | +48.1% |
| 1985 | 3.60 billion current LCU | +48.3% |
| 1986 | 4.52 billion current LCU | +25.5% |
| 1987 | 4.34 billion current LCU | -3.9% |
| 1988 | 7.13 billion current LCU | +64.4% |
| 1989 | 9.64 billion current LCU | +35.2% |
| 1990 | 11.37 billion current LCU | +17.9% |
| 1991 | 12.96 billion current LCU | +14.0% |
| 1992 | 12.88 billion current LCU | -0.7% |
| 1993 | 13.68 billion current LCU | +6.2% |
| 1994 | 14.79 billion current LCU | +8.2% |
| 1995 | 16.50 billion current LCU | +11.5% |
| 1996 | 15.81 billion current LCU | -4.2% |
| 1997 | 15.61 billion current LCU | -1.3% |
| 1998 | 18.83 billion current LCU | +20.7% |
| 1999 | 20.16 billion current LCU | +7.0% |
| 2000 | 19.67 billion current LCU | -2.4% |
| 2001 | 21.71 billion current LCU | +10.4% |
| 2002 | 19.97 billion current LCU | -8.0% |
| 2003 | 18.87 billion current LCU | -5.5% |
| 2004 | 18.51 billion current LCU | -1.9% |
| 2005 | 53.88 billion current LCU | +191.2% |
| 2006 | 70.01 billion current LCU | +29.9% |
| 2007 | 82.66 billion current LCU | +18.1% |
| 2008 | 177.87 billion current LCU | +115.2% |
| 2009 | 192.71 billion current LCU | +8.3% |
| 2010 | 131.76 billion current LCU | -31.6% |
| 2011 | 149.71 billion current LCU | +13.6% |
| 2012 | 159.21 billion current LCU | +6.3% |
| 2013 | 154.67 billion current LCU | -2.9% |
| 2014 | 136.61 billion current LCU | -11.7% |
| 2015 | 149.90 billion current LCU | +9.7% |
| 2016 | 142.74 billion current LCU | -4.8% |
| 2017 | 141.73 billion current LCU | -0.7% |
| 2018 | 130.96 billion current LCU | -7.6% |
| 2019 | 121.16 billion current LCU | -7.5% |
| 2020 | 105.43 billion current LCU | -13.0% |
| 2021 | 117.67 billion current LCU | +11.6% |
| 2022 | 199.02 billion current LCU | +69.1% |
| 2023 | 206.57 billion current LCU | +3.8% |
Iceland compared with similar countries
- Iceland's 206.57 billion current LCU is above the median for high income countries, which is 6.90 billion current LCU, 29.9× the median. (55 countries reporting)
- Iceland's 206.57 billion current LCU is above the median for Europe & Central Asia, which is 9.50 billion current LCU, 21.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Interest payments in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +191.2% | 18.51 billion current LCU | 53.88 billion current LCU |
| 1975 | +153.2% | 15.60 million current LCU | 39.50 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 64.71 million current LCU | 5.60 million current LCU | 209.60 million current LCU | 8 |
| 1980s | 3.47 billion current LCU | 242.70 million current LCU | 9.64 billion current LCU | 10 |
| 1990s | 15.26 billion current LCU | 11.37 billion current LCU | 20.16 billion current LCU | 10 |
| 2000s | 67.59 billion current LCU | 18.51 billion current LCU | 192.71 billion current LCU | 10 |
| 2010s | 141.84 billion current LCU | 121.16 billion current LCU | 159.21 billion current LCU | 10 |
| 2020s | 157.17 billion current LCU | 105.43 billion current LCU | 206.57 billion current LCU | 4 |
Countries ranked near Iceland
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Frequently asked questions
- What is interest payments in Iceland?
- Interest payments in Iceland was 206.57 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Iceland?
- The highest recorded value was 206.57 billion current LCU in 2023.
- What is the lowest interest payments recorded in Iceland?
- The lowest recorded value was 5.60 million current LCU in 1972.
- How does Iceland rank for interest payments?
- Iceland ranks 44th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Iceland?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.