Inability to face unexpected financial expenses in Iceland

Iceland: Inability to face unexpected financial expenses was 22.4% in 2020. ▼ Falling

Latest (2020)
22.4%
Change on year
down 9.3%
World rank
30th
of 38 countries
All-time high
37.4%
in 2011
All-time low
22.4%
in 2020
Years of data
17
2004–2020

Inability to face unexpected financial expenses in Iceland, 2004–2020

0102030402004201220202004: 33.9 Percentage2005: 35.7 Percentage2006: 30.2 Percentage2007: 27.7 Percentage2008: 25.1 Percentage2009: 27.5 Percentage2010: 33.4 Percentage2011: 37.4 Percentage2012: 34.6 Percentage2013: 33.7 Percentage2014: 34 Percentage2015: 36.9 Percentage2016: 30.9 Percentage2017: 29.2 Percentage2018: 25.8 Percentage2019: 24.7 Percentage2020: 22.4 Percentage

Source: Eurostat. Measured in Percentage.

Analysis

In 2020, inability to face unexpected financial expenses in Iceland stood at 22.4%. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 9.3% on the previous year and down 32.9% over ten years.

Over the whole period, inability to face unexpected financial expenses in Iceland peaked at 37.4% in 2011 and was at its lowest, 22.4%, in 2020.

Iceland ranks 30th of 38 countries on this measure, in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 30.0% 25.1% 35.7% 6
2010s 32.1% 24.7% 37.4% 10
2020s 22.4% 22.4% 22.4% 1

Countries ranked near Iceland

  1. 27 Sweden 23.0% compare
  2. 28 Norway 22.7% compare
  3. 29 Poland 22.5% compare
  4. 31 Belgium 22.1% compare
  5. 32 Luxembourg 21.8% compare
  6. 33 Austria 20.9% compare

See the full ranking of 44 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is inability to face unexpected financial expenses in Iceland?
Inability to face unexpected financial expenses in Iceland was 22.4% in 2020, according to Eurostat.
What is the highest inability to face unexpected financial expenses recorded in Iceland?
The highest recorded value was 37.4% in 2011.
What is the lowest inability to face unexpected financial expenses recorded in Iceland?
The lowest recorded value was 22.4% in 2020.
How does Iceland rank for inability to face unexpected financial expenses?
Iceland ranks 30th out of 38 countries with data for 2020.
Is inability to face unexpected financial expenses rising or falling in Iceland?
Over the last ten years it is down 32.9%. 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 Inability to face unexpected financial expenses. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).

About this data

Indicator
Inability to face unexpected financial expenses
Unit
Percentage
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 820 data points, 2003–2025
Last refreshed