KPI |
2024 - Iceland |
Weight |
Best |
Worst |
Aspirational value |
Current Value |
Institutional environment
Rank 6 / Score 88.41 |
Operational stability for businesses |
Initial Value: 0.5
|
4.45 |
0.70 |
Worst: Lebanon 4.45 Best: Singapore 0.70
92% |
1Value: 1
|
Government effectiveness |
Initial Value: 1
|
2.14 |
-1.68 |
Worst: Myanmar -1.68 Best: Singapore 2.14
84.9% |
1.56Value: 1.5632753372
|
Regulatory environment
Rank 14 / Score 84.43 |
Regulatory quality |
Initial Value: 0.5
|
2.21 |
-1.59 |
Worst: Iran, Islamic Rep. -1.59 Best: Singapore 2.21
76.24% |
1.31Value: 1.3072965145
|
Rule of law |
Initial Value: 0.5
|
1.96 |
-1.53 |
Worst: Myanmar -1.53 Best: Finland 1.96
92.64% |
1.7Value: 1.7030258179
|
Business Environment
Rank 28 / Score 63.07 |
Policies for doing business |
Initial Value: 1
|
6.38 |
1.79 |
Worst: Argentina 1.79 Best: Singapore 6.38
63.02% |
4.68Value: 4.6827558333
|
Entrepreneurship policies and culture |
Initial Value: 1
|
6.98 |
3.19 |
Worst: Iran, Islamic Rep. 3.19 Best: United Arab Emirates 6.98
|
N/AValue: N/A
|
Education
Rank 7 / Score 68.37 |
Expenditure on education |
Initial Value: 1
|
9.05 |
1.20 |
Worst: Sri Lanka 1.20 Best: Namibia 9.05
75.66% |
7.14Value: 7.139665147
|
Government funding per secondary student |
Initial Value: 1
|
51.06 |
5.88 |
Worst: Guatemala 5.88 Best: Tunisia 51.06
40.12% |
24.01Value: 24.005090714
|
School life expectancy |
Initial Value: 1
|
20.65 |
6.70 |
Worst: Niger 6.70 Best: Australia 20.65
88.94% |
19.11Value: 19.106729507
|
PISA scales in reading, math and science |
Initial Value: 0.5
|
579.03 |
337.45 |
Worst: Cambodia 337.45 Best: China 579.03
45.46% |
447.27Value: 447.26804108
|
Pupil-teacher ratio, secondary |
Initial Value: 0.5
|
43.67 |
6.13 |
Worst: Ethiopia 43.67 Best: Croatia 6.13
91.67% |
9.26Value: 9.2581300813
|
Tertiary Education
Rank 63 / Score 34.23 |
Tertiary enrolment |
Initial Value: 1
|
150.20 |
4.27 |
Worst: Niger 4.27 Best: Greece 150.20
56.36% |
86.52Value: 86.523208618
|
Graduates in Science and engineering |
Initial Value: 1
|
40.23 |
8.92 |
Worst: Namibia 8.92 Best: Malaysia 40.23
25.93% |
17.04Value: 17.039159503
|
Tertiary inbound mobility |
Initial Value: 0.5
|
72.98 |
0.05 |
Worst: Myanmar 0.05 Best: United Arab Emirates 72.98
10.76% |
7.9Value: 7.8968901634
|
Research and Development
Rank 26 / Score 39.93 |
Researchers FTE |
Initial Value: 1
|
9929.18 |
14.52 |
Worst: Guatemala 14.52 Best: Sweden 9929.18
69.1% |
6865.15Value: 6865.1527716
|
Gross expenditure on R&D (GERD) |
Initial Value: 1
|
6.02 |
0.01 |
Worst: Mauritania 0.01 Best: Israel 6.02
44.08% |
2.66Value: 2.659454954
|
Global RnD companies, average expenditure, top 3 |
Initial Value: 1
|
33011.65 |
0.00 |
Worst: Albania 0.00 Best: United States 33011.65
0.38% |
125.94Value: 125.9388
|
QS university ranking average score of top 3 universities |
Initial Value: 1
|
98.80 |
0.00 |
Worst: Albania 0.00 Best: United States 98.80
0% |
0Value: 0
|
ICTs
Rank 14 / Score 89.54 |
ICT access |
Initial Value: 1
|
100.00 |
28.55 |
Worst: Madagascar 28.55 Best: Bahrain 100.00
99.99% |
99.99Value: 99.99
|
ICT use |
Initial Value: 1
|
100.00 |
22.31 |
Worst: Mali 22.31 Best: Kuwait 100.00
91.61% |
93.48Value: 93.48442979
|
Government online service |
Initial Value: 1
|
1.00 |
0.10 |
Worst: Mauritania 0.10 Best: Estonia 1.00
87.41% |
0.89Value: 0.8867
|
online e-participation |
Initial Value: 1
|
1.00 |
0.02 |
Worst: Mauritania 0.02 Best: Japan 1.00
79.13% |
0.8Value: 0.7955
|
General Infrastructure
Rank 5 / Score 64.98 |
Electricity output |
Initial Value: 0.5
|
52670.16 |
28.51 |
Worst: Niger 28.51 Best: Iceland 52670.16
100% |
52670.16Value: 52670.157068
|
Logistics performance |
Initial Value: 0.5
|
4.30 |
2.10 |
Worst: Angola 2.10 Best: Singapore 4.30
68.18% |
3.6Value: 3.6
|
Gross capital formation |
Initial Value: 1
|
46.25 |
13.90 |
Worst: Tunisia 13.90 Best: Cape Verde 46.25
26.74% |
22.55Value: 22.549666667
|
Ecological sustainability
Rank 17 / Score 40.04 |
GDP per unit of energy use |
Initial Value: 1
|
41.58 |
2.12 |
Worst: Trinidad and Tobago 2.12 Best: Ireland 41.58
2.87% |
3.25Value: 3.252
|
Low-carbon energy use, % |
Initial Value: 1
|
83.74 |
0.01 |
Worst: Trinidad and Tobago 0.01 Best: Iceland 83.74
100% |
83.74Value: 83.736066753
|
ISO 14001 environmental certificates |
Initial Value: 1
|
12.33 |
0.06 |
Worst: Ethiopia 0.06 Best: Bulgaria 12.33
17.25% |
2.18Value: 2.1760633037
|
Credit
Rank 42 / Score 34.57 |
Finance for startups and scaleups |
Initial Value: 1
|
6.90 |
2.23 |
Worst: Mozambique 2.23 Best: Finland 6.90
|
N/AValue: N/A
|
Domestic credit to private sector |
Initial Value: 1
|
263.59 |
8.44 |
Worst: Angola 8.44 Best: Hong Kong SAR 263.59
34.57% |
96.65Value: 96.645950572
|
Loans from microfinance institutions, % GDP |
Initial Value: 1
|
31.68 |
0.00 |
Worst: Angola 0.00 Best: Cambodia 31.68
0% |
N/AValue: N/A
|
Investment
Rank 4 / Score 71.42 |
Venture capital received, value, % GDP |
Initial Value: 1
|
0.02 |
0.00 |
Worst: Barbados 0.00 Best: Estonia 0.02
31.73% |
0.01Value: 0.0063469623444
|
Market capitalization |
Initial Value: 1
|
1506.46 |
0.23 |
Worst: Algeria 0.23 Best: Hong Kong SAR 1506.46
|
N/AValue: N/A
|
Venture capital investors, deals |
Initial Value: 1
|
2.75 |
0.00 |
Worst: Myanmar 0.00 Best: Singapore 2.75
26.88% |
0.74Value: 0.73931507164
|
Venture capital recipients, deals |
Initial Value: 1
|
1.83 |
0.00 |
Worst: Russian Federation 0.00 Best: Singapore 1.83
31.54% |
0.58Value: 0.57721634632
|
Trade, competition, and market scale
Rank 78 / Score 51.09 |
Applied tariff rate, weighted average |
Initial Value: 0.5
|
12.70 |
0.00 |
Worst: Algeria 12.70 Best: Hong Kong SAR 0.00
91.09% |
1.13Value: 1.1317542426
|
Domestic industry diversification |
Initial Value: 1
|
0.55 |
0.06 |
Worst: Angola 0.55 Best: Portugal 0.06
61.33% |
0.25Value: 0.24948894036
|
Domestic market scale |
Initial Value: 1
|
32897.93 |
5.44 |
Worst: Barbados 5.44 Best: China 32897.93
0.07% |
27.08Value: 27.078
|
Knowledge workers
Rank 10 / Score 69.65 |
Knowledge-intensive employment |
Initial Value: 1
|
64.14 |
2.75 |
Worst: Burundi 2.75 Best: Luxembourg 64.14
80.52% |
52.18Value: 52.179265371
|
Firms offering formal training |
Initial Value: 1
|
73.70 |
3.90 |
Worst: Saudi Arabia 3.90 Best: Ecuador 73.70
|
N/AValue: N/A
|
GERD performed by business enterprise |
Initial Value: 1
|
5.55 |
0.00 |
Worst: Panama 0.00 Best: Israel 5.55
34.65% |
1.92Value: 1.922811975
|
GERD financed by business enterprise |
Initial Value: 1
|
80.84 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Thailand 80.84
64.92% |
52.48Value: 52.48016029
|
Females employed with advanced degrees |
Initial Value: 0.5
|
30.51 |
0.15 |
Worst: Tanzania 0.15 Best: Lithuania 30.51
86.7% |
26.47Value: 26.472148541
|
Innovation linkage
Rank 26 / Score 46.81 |
University/industry research collaboration |
Initial Value: 0.5
|
5.75 |
2.25 |
Worst: Myanmar 2.25 Best: Switzerland 5.75
67.99% |
4.63Value: 4.6297375
|
Public Research–Industry co-publications, % |
Initial Value: 1
|
9.05 |
0.13 |
Worst: Niger 0.13 Best: Japan 9.05
53.64% |
4.91Value: 4.9142474448
|
State of cluster development |
Initial Value: 1
|
5.31 |
2.69 |
Worst: Angola 2.69 Best: China 5.31
58.39% |
4.22Value: 4.2199291667
|
Joint venture/strategic alliance deals |
Initial Value: 1
|
0.22 |
0.00 |
Worst: Iran, Islamic Rep. 0.00 Best: Canada 0.22
33.37% |
0.07Value: 0.073413013907
|
Patent families filed in two offices |
Initial Value: 1
|
58.12 |
0.00 |
Worst: Angola 0.00 Best: Barbados 58.12
2.39% |
1.39Value: 1.3882002975
|
Knowledge absorption
Rank 28 / Score 40.8 |
Intellectual property payments |
Initial Value: 1
|
21.44 |
0.00 |
Worst: Armenia 0.00 Best: Ireland 21.44
3.22% |
0.69Value: 0.6896728289
|
High tech imports |
Initial Value: 1
|
58.30 |
0.25 |
Worst: Albania 0.25 Best: Hong Kong SAR 58.30
13.9% |
8.32Value: 8.317549851
|
ICT services imports |
Initial Value: 0.5
|
18.27 |
0.01 |
Worst: Paraguay 0.01 Best: Cyprus 18.27
17.55% |
3.21Value: 3.213969486
|
Foreign direct investment net inflows |
Initial Value: 0.5
|
38.37 |
-117.26 |
Worst: Luxembourg -117.26 Best: Hungary 38.37
75.3% |
-0.07Value: -0.074760468287
|
Research talent in business enterprise |
Initial Value: 1
|
82.64 |
0.30 |
Worst: Mozambique 0.30 Best: Korea, Rep. 82.64
65.98% |
54.63Value: 54.626403407
|
knowledge creation
Rank 15 / Score 46.95 |
Patent applications by origin |
Initial Value: 1
|
66.09 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Korea, Rep. 66.09
5.09% |
3.36Value: 3.3630069238
|
PCT applications by origin |
Initial Value: 0.5
|
14.90 |
0.00 |
Worst: Angola 0.00 Best: Barbados 14.90
10.66% |
1.59Value: 1.5880050225
|
Utility models by origin |
Initial Value: 1
|
97.43 |
0.00 |
Worst: Benin 0.00 Best: China 97.43
0% |
N/AValue: N/A
|
Scientific and technical publications |
Initial Value: 1
|
46.86 |
0.64 |
Worst: Angola 0.64 Best: Iceland 46.86
100.01% |
46.86Value: 46.864613339
|
Citable documents H index |
Initial Value: 1
|
3051.00 |
48.00 |
Worst: Cape Verde 48.00 Best: United States 3051.00
11.49% |
393Value: 393
|
Knowledge Impact
Rank 66 / Score 25.11 |
Labor productivity growth |
Initial Value: 1
|
6.99 |
-5.54 |
Worst: Lebanon -5.54 Best: Georgia 6.99
50.9% |
0.84Value: 0.83804971391
|
Unicorn valuation |
Initial Value: 1
|
22.25 |
0.00 |
Worst: Albania 0.00 Best: Estonia 22.25
0% |
0Value: 0
|
Total computer software spending |
Initial Value: 1
|
0.99 |
0.00 |
Worst: Ethiopia 0.00 Best: United States 0.99
29.33% |
0.29Value: 0.290394971
|
High-tech manufacturing |
Initial Value: 1
|
81.95 |
1.04 |
Worst: Madagascar 1.04 Best: Singapore 81.95
20.55% |
17.67Value: 17.669209045
|
Knowledge diffusion
Rank 61 / Score 18.74 |
IP receipts |
Initial Value: 0.5
|
5.49 |
0.00 |
Worst: Angola 0.00 Best: Switzerland 5.49
14.91% |
0.82Value: 0.81839374344
|
High Tech exports |
Initial Value: 1
|
45.26 |
0.00 |
Worst: Cape Verde 0.00 Best: Malaysia 45.26
5.57% |
2.52Value: 2.5193836178
|
ICT services export |
Initial Value: 1
|
33.00 |
0.05 |
Worst: Brunei Darussalam 0.05 Best: Ireland 33.00
11.21% |
3.74Value: 3.7448860599
|
ISO 9001 quality/bn PPP$ GDP |
Initial Value: 1
|
35.24 |
0.10 |
Worst: Niger 0.10 Best: Belarus 35.24
9.17% |
3.32Value: 3.3234421365
|
Production and export complexity |
Initial Value: 0.5
|
2.26 |
-1.71 |
Worst: Cameroon -1.71 Best: Japan 2.26
43.07% |
N/AValue: N/A
|
Intangible Assets
Rank 60 / Score 31 |
Intangible asset intensity, top 15, % |
Initial Value: 1
|
89.89 |
-181.36 |
Worst: Montenegro -181.36 Best: United States 89.89
86.89% |
54.32Value: 54.323588617
|
Trademark application class count by origin |
Initial Value: 1
|
241.72 |
1.19 |
Worst: Niger 1.19 Best: China 241.72
22.16% |
54.48Value: 54.480712166
|
Industrial design by origin |
Initial Value: 0.5
|
25.74 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: China 25.74
1.23% |
0.32Value: 0.317806229
|
Global brand value, top 5,000 |
Initial Value: 1
|
24.25 |
0.00 |
Worst: Albania 0.00 Best: Hong Kong SAR 24.25
0% |
0Value: 0
|
Creative Goods
Rank 12 / Score 43.55 |
Cultural and creative services exports |
Initial Value: 0.5
|
19.21 |
0.00 |
Worst: Ethiopia 0.00 Best: Malta 19.21
5.45% |
1.05Value: 1.0471548479
|
National feature films produced |
Initial Value: 0.5
|
36.86 |
0.00 |
Worst: Azerbaijan 0.00 Best: Iceland 36.86
100% |
36.86Value: 36.859565057
|
Entertainment and media market |
Initial Value: 0.5
|
3.49 |
0.02 |
Worst: Pakistan 0.02 Best: United States 3.49
|
N/AValue: N/A
|
Creative goods exports |
Initial Value: 1
|
12.09 |
0.00 |
Worst: Qatar 0.00 Best: Hong Kong SAR 12.09
0.8% |
0.1Value: 0.096544157634
|
Online creativity
Rank 3 / Score 76.83 |
Top-level domains (TLDs)/th pop. 15–69 |
Initial Value: 1
|
2663.43 |
0.11 |
Worst: Ethiopia 0.11 Best: Montenegro 2663.43
24.2% |
644.75Value: 644.7538556
|
GitHub commits/mn pop. 15–69 |
Initial Value: 1
|
11029509.53 |
3245.98 |
Worst: Niger 3245.98 Best: Singapore 11029509.53
38.77% |
4278621.74Value: 4278621.7358
|
Mobile apps creation |
Initial Value: 1
|
90598013.84 |
0.04 |
Worst: Madagascar 0.04 Best: Cyprus 90598013.84
0.06% |
51515.22Value: 51515.223595
|