Iceland: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 77.4
 Year 2023
 Measure points
 Data availability 1997 - 2023
 Average 80.26
 Min - Max 68.6 - 88.8
 Source The Heritage Foundation
For that indicator, we provide data for Iceland from 1997 to 2023. The average value for Iceland during that period was 80.26 points with a minimum of 68.6 points in 2011 and a maximum of 88.8 points in 2006. The latest value from 2023 is 77.4 points. For comparison, the world average in 2023 based on 176 countries is 72.44 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 - Monetary freedom - recent values

Historical chart
Iceland - Monetary freedom - historical chart - 1997-2023

The Monetary Freedom index for Iceland from The Heritage Foundation reflects the stability of prices in Iceland and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 Related indicators Latest value Reference Measure
 Property rights 97 2023 points
 Freedom from corruption 84 2023 points
 Fiscal freedom 29 2023 points
 Business freedom 83 2023 points
 Labor freedom 68 2023 points
 Monetary freedom 77.40 2023 points
 Trade freedom 80 2023 points
 Investment freedom 80 2023 points
 Financial freedom 70 2023 points
 Economic freedom, overall index 72 2023 index points
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