Iceland scored 74.72 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Iceland averaged 20.94 Points from 2007 until 2019, reaching an all time high of 74.72 Points in 2019 and a record low of 4.66 Points in 2014. source: World Economic Forum

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Iceland Competitiveness Index

Related Last Previous Unit Reference
Changes in Inventories 13619.00 -17477.00 ISK Million Sep 2023
Car Registrations 711.00 1967.00 Units Jan 2024
IP Addresses 152051.00 145358.00 IP Mar 2017
Internet Speed 16496.34 17443.89 KBps Mar 2017
Corruption Rank 19.00 14.00 Dec 2023
Corruption Index 72.00 74.00 Points Dec 2023
Bankruptcies 56.00 111.00 Companies Dec 2023
Competitiveness Rank 26.00 24.00 Dec 2019
Competitiveness Index 74.72 74.51 Points Dec 2019
Ease of Doing Business 26.00 21.00 Dec 2019

Iceland Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.
Actual Previous Highest Lowest Dates Unit Frequency
74.72 74.51 74.72 4.66 2007 - 2019 Points Yearly