Iceland scored 74.72 points out of 100 on the 2018 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. This page provides the latest reported value for - Iceland Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Competitiveness Index - values, historical data and charts - was last updated on July of 2020. source: World Economic Forum

Competitiveness Index in Iceland is expected to reach 75.51 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Competitiveness Index is projected to trend around 77.01 Points in 2021 and 77.51 Points in 2022, according to our econometric models.

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Iceland Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
74.72 74.51 74.72 4.66 2007 - 2019 Points Yearly

Iceland Business Last Previous Highest Lowest Unit
Changes in Inventories -1420.00 -5984.00 19361.00 -11152.00 ISK Million [+]
Car Registrations 787.00 560.00 5005.00 77.00 [+]
Internet Speed 16496.34 17443.89 17458.80 3378.59 KBps [+]
IP Addresses 152051.00 145358.00 189992.00 106996.00 IP [+]
Bankruptcies 119.00 120.00 214.00 6.00 Companies [+]
Competitiveness Index 74.72 74.51 74.72 4.66 Points [+]
Competitiveness Rank 26.00 24.00 31.00 20.00 [+]
Ease of Doing Business 26.00 21.00 26.00 9.00 [+]
Corruption Index 78.00 76.00 97.00 76.00 Points [+]
Corruption Rank 11.00 14.00 14.00 1.00 [+]


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.