Resolving insolvency: Recovery rate in Iceland

Iceland: Resolving insolvency: Recovery rate was 85.5 cents on the dollar in 2019. ▲ Rising

Latest (2019)
85.5 cents on the dollar
Change on year
up 0.2%
World rank
12th
of 188 countries
All-time high
85.5 cents on the dollar
in 2019
All-time low
76.6 cents on the dollar
in 2008
Years of data
16
2004–2019

Resolving insolvency: Recovery rate in Iceland, 2004–2019

0204060802004201120192004: 81.7 cents on the dollar2005: 81.7 cents on the dollar2006: 79.7 cents on the dollar2007: 80.3 cents on the dollar2008: 76.6 cents on the dollar2009: 76.6 cents on the dollar2010: 78.5 cents on the dollar2011: 84.5 cents on the dollar2012: 85 cents on the dollar2013: 84.5 cents on the dollar2014: 84.6 cents on the dollar2015: 84.9 cents on the dollar2016: 85 cents on the dollar2017: 84.5 cents on the dollar2018: 85.3 cents on the dollar2019: 85.5 cents on the dollar

Source: World Bank. Measured in cents on the dollar.

Analysis

In 2019, resolving insolvency: recovery rate in Iceland stood at 85.5 cents on the dollar. That is the highest value across all 16 years on record.

Compared with earlier readings it is up 0.2% on the previous year and up 11.6% over ten years.

Over the whole period, resolving insolvency: recovery rate in Iceland peaked at 85.5 cents on the dollar in 2019 and was at its lowest, 76.6 cents on the dollar, in 2008.

Iceland ranks 12th of 188 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 16 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 79.43 cents on the dollar 76.6 cents on the dollar 81.7 cents on the dollar 6
2010s 84.23 cents on the dollar 78.5 cents on the dollar 85.5 cents on the dollar 10

Countries ranked near Iceland

  1. 9 Hong Kong 87.2 cents on the dollar compare
  2. 10 Canada 86.7 cents on the dollar compare
  3. 11 Ireland 86.1 cents on the dollar compare
  4. 13 United Kingdom 85.4 cents on the dollar compare
  5. 14 South Korea 84.3 cents on the dollar compare
  6. 15 Australia 82.7 cents on the dollar compare

See the full ranking of 190 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is resolving insolvency: recovery rate in Iceland?
Resolving insolvency: recovery rate in Iceland was 85.5 cents on the dollar in 2019, according to the World Bank.
What is the highest resolving insolvency: recovery rate recorded in Iceland?
The highest recorded value was 85.5 cents on the dollar in 2019.
What is the lowest resolving insolvency: recovery rate recorded in Iceland?
The lowest recorded value was 76.6 cents on the dollar in 2008.
How does Iceland rank for resolving insolvency: recovery rate?
Iceland ranks 12th out of 188 countries with data for 2019.
Is resolving insolvency: recovery rate rising or falling in Iceland?
Over the last ten years it is up 11.6%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Recovery rate (cents on the dollar). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Resolving insolvency: Recovery rate (cents on the dollar)
Unit
cents on the dollar
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal.