Interest payments in Iceland
Iceland: Interest payments was 14.7% in 2023. ▲ Rising
Interest payments in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Iceland stood at 14.7%.
Compared with earlier readings it is down 4.8% on the previous year and down 34.9% over ten years.
Over the whole period, interest payments in Iceland peaked at 28.4% in 2009 and was at its lowest, 3.3%, in 1972.
Iceland ranks 29th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 3.3% | 8.5% | 8 |
| 1980s | 9.0% | 6.5% | 11.5% | 10 |
| 1990s | 10.7% | 10.2% | 11.8% | 10 |
| 2000s | 14.1% | 6.2% | 28.4% | 10 |
| 2010s | 18.9% | 12.9% | 23.3% | 10 |
| 2020s | 12.5% | 9.7% | 15.5% | 4 |
Countries ranked near Iceland
- 26 Lebanon 15.2% compare
- 27 Malaysia 14.9% compare
- 28 Guinea-Bissau 14.9% compare
- 30 Fiji 14.6% compare
- 31 South Africa 14.3% compare
- 32 Cote d'Ivoire 14.1% compare
More public sector data for Iceland
- Tax revenue 23.2% (2023)
- Taxes on income, profits and capital gains 34.6% (2023)
- Taxes on goods and services 35.2% (2023)
- Net investment in nonfinancial assets 2.3% (2023)
- Net lending (+) / net borrowing (-) -1.1% (2023)
- Interest payments 14.9% (2023)
- Grants and other revenue 17.2% (2023)
- Other taxes 3.0% (2023)
- Compensation of employees 23.8% (2023)
- Goods and services expense 21.5% (2023)
Frequently asked questions
- What is interest payments in Iceland?
- Interest payments in Iceland was 14.7% 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 28.4% in 2009.
- What is the lowest interest payments recorded in Iceland?
- The lowest recorded value was 3.3% in 1972.
- How does Iceland rank for interest payments?
- Iceland ranks 29th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Iceland?
- Over the last ten years it is down 34.9%. The long-run trend across the full record is rising.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.