Share of government expenditure going to interest payments in Iceland
Iceland: Share of government expenditure going to interest payments was 14.74 in 2023. ▲ Rising
Latest (2023)
14.74
Change on year
down 4.8%
World rank
29th
of 152 countries
All-time high
28.45
in 2009
All-time low
3.3
in 1972
Years of data
52
1972–2023
Share of government expenditure going to interest payments in Iceland, 1972–2023
Source: Our World in Data.
Analysis
The most recent figure for share of government expenditure going to interest payments in Iceland is 14.74, measured in 2023.
That represents a change of down 4.8% on the previous year and down 34.9% over ten years.
Over the whole period, share of government expenditure going to interest payments in Iceland peaked at 28.45 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.
Share of government expenditure going to interest payments in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1972 | 3.3 | — |
| 1973 | 3.97 | +20.3% |
| 1974 | 3.84 | -3.4% |
| 1975 | 6.92 | +80.4% |
| 1976 | 6.19 | -10.6% |
| 1977 | 6.58 | +6.2% |
| 1978 | 8.11 | +23.3% |
| 1979 | 8.45 | +4.3% |
| 1980 | 6.55 | -22.6% |
| 1981 | 7.19 | +9.8% |
| 1982 | 8.08 | +12.5% |
| 1983 | 9.23 | +14.2% |
| 1984 | 11.52 | +24.8% |
| 1985 | 11.55 | +0.3% |
| 1986 | 9.88 | -14.5% |
| 1987 | 7.61 | -23.0% |
| 1988 | 9.11 | +19.8% |
| 1989 | 9.51 | +4.4% |
| 1990 | 10.25 | +7.8% |
| 1991 | 10.37 | +1.2% |
| 1992 | 10.16 | -2.0% |
| 1993 | 10.73 | +5.6% |
| 1994 | 11.01 | +2.6% |
| 1995 | 11.84 | +7.5% |
| 1996 | 10.7 | -9.6% |
| 1997 | 10.69 | -0.1% |
| 1998 | 10.65 | -0.4% |
| 1999 | 10.38 | -2.5% |
| 2000 | 9.44 | -9.0% |
| 2001 | 9.15 | -3.1% |
| 2002 | 7.68 | -16.1% |
| 2003 | 6.74 | -12.3% |
| 2004 | 6.25 | -7.2% |
| 2005 | 15.24 | +143.8% |
| 2006 | 17.5 | +14.8% |
| 2007 | 18.41 | +5.2% |
| 2008 | 22.02 | +19.6% |
| 2009 | 28.45 | +29.2% |
| 2010 | 20.65 | -27.4% |
| 2011 | 22.06 | +6.8% |
| 2012 | 23.28 | +5.5% |
| 2013 | 22.65 | -2.7% |
| 2014 | 19.07 | -15.8% |
| 2015 | 20.14 | +5.6% |
| 2016 | 16.01 | -20.5% |
| 2017 | 17.06 | +6.5% |
| 2018 | 14.92 | -12.5% |
| 2019 | 12.89 | -13.6% |
| 2020 | 9.72 | -24.6% |
| 2021 | 10.19 | +4.8% |
| 2022 | 15.49 | +52.0% |
| 2023 | 14.74 | -4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.92 | 3.3 | 8.45 | 8 |
| 1980s | 9.02 | 6.55 | 11.55 | 10 |
| 1990s | 10.68 | 10.16 | 11.84 | 10 |
| 2000s | 14.09 | 6.25 | 28.45 | 10 |
| 2010s | 18.87 | 12.89 | 23.28 | 10 |
| 2020s | 12.53 | 9.72 | 15.49 | 4 |
Countries ranked near Iceland
- 26 Lebanon 15.23 compare
- 27 Malaysia 14.93 compare
- 28 Guinea-Bissau 14.93 compare
- 30 Fiji 14.58 compare
- 31 South Africa 14.29 compare
- 32 Côte d'Ivoire 14.14 compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is share of government expenditure going to interest payments in Iceland?
- Share of government expenditure going to interest payments in Iceland was 14.74 in 2023, according to Our World in Data.
- What is the highest share of government expenditure going to interest payments recorded in Iceland?
- The highest recorded value was 28.45 in 2009.
- What is the lowest share of government expenditure going to interest payments recorded in Iceland?
- The lowest recorded value was 3.3 in 1972.
- How does Iceland rank for share of government expenditure going to interest payments?
- Iceland ranks 29th out of 152 countries with data for 2023.
- Is share of government expenditure going to 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 Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.
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