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Resolving insolvency: Cost in Iceland

Iceland: Resolving insolvency: Cost was 3.5% in 2019. ▬ Flat

Latest (2019)
3.5%
Change on year
unchanged
World rank
160th
of 167 countries
All-time high
3.5%
in 2004
All-time low
3.5%
in 2004
Years of data
16
2004–2019

Resolving insolvency: Cost in Iceland, 2004–2019

012342004201120192004: 3.5 % of estate2005: 3.5 % of estate2006: 3.5 % of estate2007: 3.5 % of estate2008: 3.5 % of estate2009: 3.5 % of estate2010: 3.5 % of estate2011: 3.5 % of estate2012: 3.5 % of estate2013: 3.5 % of estate2014: 3.5 % of estate2015: 3.5 % of estate2016: 3.5 % of estate2017: 3.5 % of estate2018: 3.5 % of estate2019: 3.5 % of estate

Source: World Bank. Measured in % of estate.

Analysis

Iceland recorded 3.5% for resolving insolvency: cost in 2019. That is the highest value across all 16 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, resolving insolvency: cost in Iceland peaked at 3.5% in 2004 and was at its lowest, 3.5%, in 2004.

Iceland ranks 160th of 167 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.5% 3.5% 3.5% 6
2010s 3.5% 3.5% 3.5% 10

Countries ranked near Iceland

  1. 160 Belgium 3.5% compare
  2. 160 Brunei Darussalam 3.5% compare
  3. 160 Finland 3.5% compare
  4. 160 Korea 3.5% compare
  5. 160 Netherlands 3.5% compare
  6. 160 New Zealand 3.5% compare

See the full ranking of 167 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is resolving insolvency: cost in Iceland?
Resolving insolvency: cost in Iceland was 3.5% in 2019, according to the World Bank.
What is the highest resolving insolvency: cost recorded in Iceland?
The highest recorded value was 3.5% in 2004.
What is the lowest resolving insolvency: cost recorded in Iceland?
The lowest recorded value was 3.5% in 2004.
How does Iceland rank for resolving insolvency: cost?
Iceland ranks 160th out of 167 countries with data for 2019.
Is resolving insolvency: cost rising or falling in Iceland?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Iceland data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Cost (% of estate). Statizoid updates them automatically from the source API.

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Resolving insolvency: Cost in Iceland. Statizoid. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-cost-percent-of-estate/iceland/

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About this data

Indicator
Resolving insolvency: Cost (% of estate)
Unit
% of estate
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
167 places, 2,736 data points, 2003–2019
Last refreshed

The cost to resolve insolvency is the cost of the proceedings is recorded as a percentage of the value of the debtor’s estate, including court fees and government levies, fees of insolvency administrators, auctioneers, assessors and lawyers, and all other fees and costs.