* indicates monthly or quarterly data series
Iceland: Business freedom index (0-100): For that indicator, The Heritage Foundation provides data for Iceland from 1997 to 2019. The average value for Iceland during that period was 86 points with a minumum of 70 points in 1997 and a maximum of 95 points in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Business Freedom index for Iceland from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Iceland in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).