* indicates monthly or quarterly data series
Iceland: Cost of starting a business, % of income per capita: For that indicator, The World Bank provides data for Iceland from 2004 to 2017. The average value for Iceland during that period was 2.63 percent of per capita GNI with a minumum of 1.8 percent of per capita GNI in 2017 and a maximum of 3.3 percent of per capita GNI in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: The indicator includes all official fees and fees for legal or professional services if such services are required by law. The company law, the commercial code, and specific regulations and fee schedules are used as sources for calculating costs. The indicator excludes bribes.