Starting a business: Time - Men in Iceland
Iceland: Starting a business: Time - Men was 11.5 days in 2019. ▲ Rising
Starting a business: Time - Men in Iceland, 2004–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - men in Iceland stood at 11.5 days.
That represents a change of up 130.0% over ten years.
Over the whole period, starting a business: time - men in Iceland peaked at 12 days in 2014 and was at its lowest, 4.5 days, in 2011.
That places Iceland 97th out of 188 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5 days | 5 days | 5 days | 6 |
| 2010s | 8.85 days | 4.5 days | 12 days | 10 |
Countries ranked near Iceland
- 97 Argentina 11.5 days compare
- 97 Bahamas, The 11.5 days compare
- 97 San Marino 11.5 days 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)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Commercial service exports 8.13 billion current US$ (2025)
- Transport services 16.3% (2025)
- Computer, communications and other services 41.2% (2025)
Frequently asked questions
- What is starting a business: time - men in Iceland?
- Starting a business: time - men in Iceland was 11.5 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Iceland?
- The highest recorded value was 12 days in 2014.
- What is the lowest starting a business: time - men recorded in Iceland?
- The lowest recorded value was 4.5 days in 2011.
- How does Iceland rank for starting a business: time - men?
- Iceland ranks 97th out of 188 countries with data for 2019.
- Is starting a business: time - men rising or falling in Iceland?
- Over the last ten years it is up 130.0%. 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 Starting a business: Time - Men (days). 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 time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.