Iceland vs Latvia: Financial burden of the repayment of debts from hire purchases or
Iceland
13.8%
in 2020
Latvia
11.6%
in 2025
Iceland rank
37th
Latvia rank
40th
Financial burden of the repayment of debts from hire purchases or over time
- Iceland
- Latvia
How they compare
Iceland currently reports 13.8% against 11.6% in Latvia, a difference of 2.2%.
That makes Iceland's figure about 1.2 times Latvia's.
The two have swapped places 5 times across 16 shared years of data; in 2005 it was Latvia ahead.
Iceland ranks 37th and Latvia ranks 40th of 47 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and Latvia in 1.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.1% | 19.2% | 1.9% | Iceland |
| 2010s | 20.6% | 25.8% | 5.2% | Latvia |
| 2020s | 13.8% | 12.8% | 1.0% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial burden of the repayment of debts from hire purchases or, Iceland or Latvia?
- Iceland, at 13.8% against 11.6% in Latvia as of 2020.
- What is the difference in financial burden of the repayment of debts from hire purchases or between Iceland and Latvia?
- 2.2%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 16 years are reported by both, from 2005 to 2020.
- How do Iceland and Latvia rank globally for financial burden of the repayment of debts from hire purchases or?
- Iceland ranks 37th and Latvia ranks 40th of 47 countries.
- Where does this data come from?
- Eurostat, published as Financial burden of the repayment of debts from hire purchases or loans. Statizoid refreshes it automatically from the source and publishes the full history for both places.