Iceland: Financial freedom

* indicates monthly or quarterly data series
 Iceland

Financial freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 1997 - 2024
 Average 63
 Min - Max 50 - 90
 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 63 points with a minimum of 50 points in 1997 and a maximum of 90 points in 2005. The latest value from 2024 is 70 points. For comparison, the world average in 2024 based on 175 countries is 49 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Iceland - Financial freedom - recent values

Historical chart
Iceland - Financial freedom - historical chart - 1997-2024




The Financial Freedom index for Iceland from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.


 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
This site uses cookies.
Learn more here


OK