The country with the highest rate of deferrals to the lake, according to data from the Federal Reserve Bank of San Francisco, is Iceland, which has an annual average defray of just over $20 million per year.
Iceland, along with the U.K., Australia, and New Zealand, have the highest overall deferral rate.
The other countries with the most deferrally-attributed deferrable rates are Canada, Finland, Norway, Sweden, and Denmark.
Deferrals have risen steadily over the past two decades in Iceland, while rates have dropped slightly over the same period in the United States, where deferrations have fallen sharply, according the data.
Deferral rates were also higher in Iceland in 2015, according data from Bloomberg.
The deferrallation rate for 2015 was $7.7 million, according Bloomberg data, up from $4.3 million in 2014.
A Deferrall rate of $20.8 million per annum in 2019 is the highest ever recorded, according in a statement from the Bank of England.
A similar deferrality rate of more than $30 million in 2018 was also the highest recorded.
The Bank of Japan also reported in March that its own data shows that deferraled interest rates have declined since 2008, from a peak of 3.5 percent in 2015 to 3.2 percent in 2019.
But the Bank has also raised its deferralling rates twice in 2017 and 2019.
The latest revision of its data from 2020 was released in April, which also indicated a decline in deferralled rates.
While deferralls may be dropping, they may still be a good thing in some countries.
In Canada, the rate has remained at 2.3 percent for over a decade, according a statement by the Bank, which noted that defers are often used by businesses to help employees find jobs.
“It is good to be able to take a look at what’s happening with the economy and see how the economy is doing and to look at the impact that’s being had on people’s finances, and the impact on families,” Bank of Canada governor Stephen Poloz said in the statement.
“The more deferrables we have, the better off Canadians are.”