🇮🇸 Iceland
Public Sector Debt · 2026
Total Debt
48.3%
of GDP
Global Rank
#127
of 192
S&P Rating
A
Credit rating
SOE Debt
+3.4%
2 categories
5yr Change
-29pp
improving
Where the Debt Sits
Central Government
Central Government: 44.9%Energy SOEs: 2.3%Infrastructure: 1.1%
Full Debt Breakdown
Central Government44.9% of GDP
Central GovernmentIMF WEO — General Government Debt
44.9%Energy SOEs2.3% of GDP
Landsvirkjun (national power company)Landsvirkjun Annual Report 2024Net debt ~$711M; 1.6x EBITDA; equity ratio 66.2%
2.3%Infrastructure SOEs1.1% of GDP
Isavia (airports/air navigation)Isavia Financial Statement 2023EUR 175M bond in 2023; total borrowings est. ~$350M; EBITDA ISK 8.1B
1.1%Total Corporate Debt64.9% of GDP
NF corporate debt (est.)WB WDI 2020
64.9%Household Debt34.9% of GDP
Household debt (est.)WB WDI 2020
34.9%All Layers Total148.1%
Credit Ratings
S&P
A
Moody's
A2
Fitch
A
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202644.9% GDP
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