Iceland: Long-term interest rate
* indicates monthly or quarterly data series
The most recent value is 5.87 percent as of August 2022, an increase compared to the previous value of 5.74 percent. Historically, the average for Iceland from November 1993 to August 2022 is 7.2 percent. The minimum of 1.94 percent was recorded in May 2020, while the maximum of 15.01 percent was reached in October 2008.
Click on the following link to see the values of: Long-term interest rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: OECD
| Recent values | Iceland: Long-term interest rate |
|---|---|
| 2022 Aug | 5.87 |
| 2022 Jul | 5.74 |
| 2022 Jun | 5.75 |
| 2022 May | 5.48 |
| 2022 Apr | 5.19 |
| 2022 Mar | 5.08 |
| 2022 Feb | 4.51 |
| 2022 Jan | 4.48 |
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Definition: The current yield on a 10 year government bond. The yield on these instruments is typical used as the representative interest rate for a country.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 25.67 | 2023 | percent |
| Government spending, in dollars | 7.96 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.00 | 2023 | percent |
| Government debt | 35.90 | 2018 | percent |
| Government expenditure | 292.12 | Q3/2024 | billion |
| Long-term interest rate | 5.87 | 8/2022 | percent |
| Tax revenue | 22.52 | 2022 | percent |
| Commercial tax rate | 31.90 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 21 | 2019 | taxes |
| Taxes on goods and services | 35.38 | 2022 | percent |
| Taxes on international trade | 0.49 | 2022 | percent |
| Income and profits taxes | 32.91 | 2022 | percent |