Dealing with construction permits: Cost (% of Warehouse value) in Iceland
Iceland: Dealing with construction permits: Cost (% of Warehouse value) was 0.5% in 2019. ▼ Falling
Dealing with construction permits: Cost in Iceland, 2005–2019
Source: World Bank. Measured in % of Warehouse value.
Analysis
The most recent figure for dealing with construction permits: cost in Iceland is 0.5%, measured in 2019.
Compared with earlier readings it is up 25.0% on the previous year and down 28.6% over ten years.
Over the whole period, dealing with construction permits: cost in Iceland peaked at 0.8% in 2005 and was at its lowest, 0.4%, in 2015.
Iceland ranks 160th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Dealing with construction permits: Cost (% of Warehouse value) in Iceland, year by year
| Year | % of Warehouse value | Change |
|---|---|---|
| 2005 | 0.8% | — |
| 2006 | 0.7% | -12.5% |
| 2007 | 0.7% | +0.0% |
| 2008 | 0.6% | -14.3% |
| 2009 | 0.7% | +16.7% |
| 2010 | 0.6% | -14.3% |
| 2011 | 0.6% | +0.0% |
| 2012 | 0.5% | -16.7% |
| 2013 | 0.5% | +0.0% |
| 2014 | 0.5% | +0.0% |
| 2015 | 0.4% | -20.0% |
| 2016 | 0.4% | +0.0% |
| 2017 | 0.4% | +0.0% |
| 2018 | 0.4% | +0.0% |
| 2019 | 0.5% | +25.0% |
Iceland compared with similar countries
- Iceland's 0.5% is below the median for high income countries, which is 1.1%, 43% of the median. (62 countries reporting)
- Iceland's 0.5% is below the median for Europe & Central Asia, which is 1.7%, 29% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7% | 0.6% | 0.8% | 5 |
| 2010s | 0.5% | 0.4% | 0.6% | 10 |
Countries ranked near Iceland
- 160 Japan 0.5% compare
- 160 Fiji 0.5% compare
- 160 Saint Lucia 0.5% compare
- 160 East Timor 0.5% compare
- 160 Vietnam 0.5% compare
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Commercial service imports 5.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Commercial service exports 8.21 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
Frequently asked questions
- What is dealing with construction permits: cost in Iceland?
- Dealing with construction permits: cost in Iceland was 0.5% in 2019, according to the World Bank.
- What is the highest dealing with construction permits: cost recorded in Iceland?
- The highest recorded value was 0.8% in 2005.
- What is the lowest dealing with construction permits: cost recorded in Iceland?
- The lowest recorded value was 0.4% in 2015.
- How does Iceland rank for dealing with construction permits: cost?
- Iceland ranks 160th out of 188 countries with data for 2019.
- Is dealing with construction permits: cost rising or falling in Iceland?
- Over the last ten years it is down 28.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from the World Bank, published as part of Dealing with construction permits: Cost (% of Warehouse value). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost records all official costs associated with completing the procedures to legally build a warehouse, including the costs associated with obtaining land use approvals and preconstruction design clearances; receiving inspections before, during and after construction; obtaining utility connections; and registering the warehouse at the property registry. It is calculated as a percentage of the warehouse value. Nonrecurring taxes required for the completion of the warehouse project are also recorded. Sales taxes (such as value added tax) or capital gains taxes are not recorded. Nor are deposits that must be paid up front and are later refunded.