Arrears on hire purchase instalments or other loan payments in Iceland

Iceland: Arrears on hire purchase instalments or other loan payments was 5 in 2020. β–Ό Falling

Latest (2020)
5
Change on year
down 12.3%
World rank
7th
of 37 countries
All-time high
14.9
in 2010
All-time low
5
in 2020
Years of data
17
2004–2020

Arrears on hire purchase instalments or other loan payments in Iceland, 2004–2020

4681012142004201220202004: 12.22005: 9.22006: 72007: 9.82008: 5.92009: 10.82010: 14.92011: 142012: 11.72013: 10.42014: 10.12015: 7.72016: 6.82017: 5.32018: 5.82019: 5.72020: 5

Source: Eurostat.

Analysis

Iceland recorded 5 for arrears on hire purchase instalments or other loan payments in 2020. That is the lowest value across all 17 years on record.

The figure is down 12.3% on the previous year and down 66.4% over ten years.

Over the whole period, arrears on hire purchase instalments or other loan payments in Iceland peaked at 14.9 in 2010 and was at its lowest, 5, in 2020.

That places Iceland 7th out of 37 countries with data for 2020, putting it in the top quarter.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 9.15 5.9 12.2 6
2010s 9.24 5.3 14.9 10
2020s 5 5 5 1

Countries ranked near Iceland

  1. 5 Finland 5.3 compare
  2. 6 Spain 5.2 compare
  3. 8 Norway 4.8 compare
  4. 9 Denmark 4.3 compare
  5. 10 North Macedonia, Republic of 3.5 compare

See the full ranking of 44 places β†’

More reference data data for Iceland

All data for Iceland β†’

Frequently asked questions

What is arrears on hire purchase instalments or other loan payments in Iceland?
Arrears on hire purchase instalments or other loan payments in Iceland was 5 in 2020, according to Eurostat.
What is the highest arrears on hire purchase instalments or other loan payments recorded in Iceland?
The highest recorded value was 14.9 in 2010.
What is the lowest arrears on hire purchase instalments or other loan payments recorded in Iceland?
The lowest recorded value was 5 in 2020.
How does Iceland rank for arrears on hire purchase instalments or other loan payments?
Iceland ranks 7th out of 37 countries with data for 2020.
Is arrears on hire purchase instalments or other loan payments rising or falling in Iceland?
Over the last ten years it is down 66.4%. The long-run trend across the full record is falling.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Arrears on hire purchase instalments or other loan payments. Statizoid updates them automatically from the source API.

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Arrears on hire purchase instalments or other loan payments in Iceland. Statizoid, drawing on Eurostat. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/arrears-on-hire-purchase-instalments-or-other-loan-payments/iceland/

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About this data

Indicator
Arrears on hire purchase instalments or other loan payments
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 817 data points, 2003–2025
Last refreshed