Iceland: Economic freedom, overall index

* indicates monthly or quarterly data series
 Iceland

Economic freedom, overall index (0-100)

 Latest value 71
 Year 2024
 Measure index points
 Data availability 1997 - 2024
 Average 74
 Min - Max 68 - 77
 Source The Heritage Foundation
For that indicator, we provide data for Iceland from 1997 to 2024. The average value for Iceland during that period was 74 index points with a minimum of 68 index points in 2011 and a maximum of 77 index points in 2005. The latest value from 2024 is 71 index points. For comparison, the world average in 2024 based on 174 countries is 59 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Iceland - Economic freedom, overall index - Recent values chart

Historical chart
Iceland - Economic freedom, overall index - historical chart - 1997-2024




Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.


 Related indicators Latest value Reference Measure
 Property rights 97 2024 points
 Freedom from corruption 84 2024 points
 Fiscal freedom 11 2024 points
 Business freedom 87 2024 points
 Labor freedom 68 2024 points
 Monetary freedom 73.40 2024 points
 Trade freedom 81 2024 points
 Investment freedom 80 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 71 2024 index points
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