Iceland | Interest payments (current LCU)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Interest payments (current LCU)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 5600000
1973 9800000
1974 15600000
1975 39500000
1976 42400000
1977 65000000
1978 130200000
1979 209600000
1980 242700000
1981 423800000
1982 779000000
1983 1638100000
1984 2425400000
1985 3597700000
1986 4516700000
1987 4340000000
1988 7133000000
1989 9644000000
1990 11370000000
1991 12962000000
1992 12875000000
1993 13678300000
1994 14795000000
1995 16499000000
1996 15812000000
1997 15606400000
1998 18832600000
1999 20155100000
2000 19665400000
2001 21710939536.444
2002 19969689450.737
2003 18869011953.742
2004 18505689001.995
2005 53881084774.579
2006 70014051732.789
2007 82655641737.444
2008 177872355456.69
2009 192709609528.31
2010 131763530362.32
2011 149708959224.55
2012 159205640834.39
2013 154665720889.13
2014 136608963675.84
2015 149903280168.65
2016 142736735788.63
2017 141726127287.68
2018 130963604819.82
2019 121159822624.71
2020 105429395209.23
2021 117667833975.43
2022 199019609018.3

Iceland | Interest payments (current LCU)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source