Financial burden of the repayment of debts from hire purchases or in Iceland

Iceland: Financial burden of the repayment of debts from hire purchases or was 13.8% in 2020. ▼ Falling

Latest (2020)
13.8%
Change on year
up 10.4%
World rank
37th
of 47 countries
All-time high
37.1%
in 2010
All-time low
12.0%
in 2017
Years of data
17
2004–2020

Financial burden of the repayment of debts from hire purchases or in Iceland, 2004–2020

102030402004201220202004: 16 Percentage2005: 19.9 Percentage2006: 17.1 Percentage2007: 22.7 Percentage2008: 14.6 Percentage2009: 31.2 Percentage2010: 37.1 Percentage2011: 27.4 Percentage2012: 25.3 Percentage2013: 24.4 Percentage2014: 22.1 Percentage2015: 17.3 Percentage2016: 14.5 Percentage2017: 12 Percentage2018: 12.9 Percentage2019: 12.5 Percentage2020: 13.8 Percentage

Source: Eurostat. Measured in Percentage.

Analysis

In 2020, financial burden of the repayment of debts from hire purchases or in Iceland stood at 13.8%.

Compared with earlier readings it is up 10.4% on the previous year and down 62.8% over ten years.

Over the whole period, financial burden of the repayment of debts from hire purchases or in Iceland peaked at 37.1% in 2010 and was at its lowest, 12.0%, in 2017.

Iceland ranks 37th of 47 countries on this measure, in the bottom quarter.

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

Financial burden of the repayment of debts from hire purchases or in Iceland, year by year

Annual values for Financial burden of the repayment of debts from hire purchases or loans in Iceland, 2004 to 2020.
Year Percentage Change
2004 16.0%
2005 19.9% +24.4%
2006 17.1% -14.1%
2007 22.7% +32.7%
2008 14.6% -35.7%
2009 31.2% +113.7%
2010 37.1% +18.9%
2011 27.4% -26.1%
2012 25.3% -7.7%
2013 24.4% -3.6%
2014 22.1% -9.4%
2015 17.3% -21.7%
2016 14.5% -16.2%
2017 12.0% -17.2%
2018 12.9% +7.5%
2019 12.5% -3.1%
2020 13.8% +10.4%

Averages by decade

DecadeAverage LowestHighest Years
2000s 20.2% 14.6% 31.2% 6
2010s 20.6% 12.0% 37.1% 10
2020s 13.8% 13.8% 13.8% 1

Countries ranked near Iceland

  1. 34 Croatia 15.3% compare
  2. 34 Croatia 15.3% compare
  3. 36 Finland 14.3% compare
  4. 38 Estonia 13.1% compare
  5. 38 Estonia 13.1% compare
  6. 40 Latvia 11.6% compare
  7. 40 Latvia 11.6% compare

See the full ranking of 53 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is financial burden of the repayment of debts from hire purchases or in Iceland?
Financial burden of the repayment of debts from hire purchases or in Iceland was 13.8% in 2020, according to Eurostat.
What is the highest financial burden of the repayment of debts from hire purchases or recorded in Iceland?
The highest recorded value was 37.1% in 2010.
What is the lowest financial burden of the repayment of debts from hire purchases or recorded in Iceland?
The lowest recorded value was 12.0% in 2017.
How does Iceland rank for financial burden of the repayment of debts from hire purchases or?
Iceland ranks 37th out of 47 countries with data for 2020.
Is financial burden of the repayment of debts from hire purchases or rising or falling in Iceland?
Over the last ten years it is down 62.8%. 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 Financial burden of the repayment of debts from hire purchases or loans. Statizoid updates them automatically from the source API.

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Financial burden of the repayment of debts from hire purchases or in Iceland. Statizoid, drawing on Eurostat. Retrieved 05 September 2026, from https://reference.statizoid.com/stat/financial-burden-of-the-repayment-of-debts-from-hire-purchases-or-loans/iceland/

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About this data

Indicator
Financial burden of the repayment of debts from hire purchases or loans
Unit
Percentage
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
53 places, 983 data points, 2003–2025
Last refreshed