Starting a business - Score in Iceland
Iceland: Starting a business - Score was 90.65 in 2019. ▬ Flat
Starting a business - Score in Iceland, 2004–2019
Source: World Bank.
Analysis
The most recent figure for starting a business - score in Iceland is 90.65, measured in 2019.
The figure is down 0.1% on the previous year and down 1.1% over ten years.
Over the whole period, starting a business - score in Iceland peaked at 92.12 in 2013 and was at its lowest, 90.34, in 2014.
Iceland ranks 65th of 191 countries on this measure, in the middle of the range.
Starting a business - Score in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 91.47 | — |
| 2005 | 91.58 | +0.1% |
| 2006 | 91.62 | +0.0% |
| 2007 | 91.77 | +0.2% |
| 2008 | 91.81 | +0.0% |
| 2009 | 91.63 | -0.2% |
| 2010 | 91.96 | +0.4% |
| 2011 | 91.92 | -0.0% |
| 2012 | 92.02 | +0.1% |
| 2013 | 92.12 | +0.1% |
| 2014 | 90.34 | -1.9% |
| 2015 | 90.43 | +0.1% |
| 2016 | 90.63 | +0.2% |
| 2017 | 90.71 | +0.1% |
| 2018 | 90.72 | +0.0% |
| 2019 | 90.65 | -0.1% |
Iceland compared with similar countries
- Iceland's 90.65 is below the median for high income countries, which is 91.07, 100% of the median. (62 countries reporting)
- Iceland's 90.65 is below the median for Europe & Central Asia, which is 92.32, 98% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 91.65 | 91.47 | 91.81 | 6 |
| 2010s | 91.15 | 90.34 | 92.12 | 10 |
Countries ranked near Iceland
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)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is starting a business - score in Iceland?
- Starting a business - score in Iceland was 90.65 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Iceland?
- The highest recorded value was 92.12 in 2013.
- What is the lowest starting a business - score recorded in Iceland?
- The lowest recorded value was 90.34 in 2014.
- How does Iceland rank for starting a business - score?
- Iceland ranks 65th out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Iceland?
- Over the last ten years it is down 1.1%. 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 Starting a business - Score. 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
The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.