The competitive edge of Iceland

Iceland is Competitive


Competitiveness

3rd in Europe, 7th Worldwide

Economic Freedom

5th Worldwide

Low Corruption

1st Worldwide

Global Creativity Index

7th Worldwide

Quality of Life

2nd Worldwide


World-renowned for its economic advancement, social stability, and technological innovation, Iceland is continually ranked as one of the preeminent societies on earth. This year alone, the country has been at the top of the UN’s Human Development Index, the World Competitiveness Yearbook, the Global Benchmark Report, and was ranked as the country with the least corruption by Transparency International.

Iceland is a modern, growing economy, politically stable and internationally competitive. The nation is young, educated, multilingual and enjoys high living standards with a thriving cultural scene. The labour market is highly flexible with people willing to adopt new technologies. Iceland´s nature is spectacular and the source of both inspiration and green competitively priced energy.

Why Invest in Iceland

  • Compact society - Minimum Red Tape
  • Tariff-free access for most products ot the single market of the European Union
  • Expanding finance sector and a dedication to become a new International financial centre
  • A strategic location half-way between Europe and North America
  • Educated labour force, open for innovation
  • Flexible labour market
  • Competitively priced green energy
  • Political stability
  • 14% refund of film and TV production costs incurred in Iceland
  • European and Scandinavian regulatory framework and quality standards

Iceland’s impressive outcome is especially due to high rankings in business flexibility  and entrepreneurship.