Region: Western Europe
Global Rank: 20 of 125
Regional Rank: 13 of 19
Iceland’s IPRI score decreased by -0.08 to 7.617 placing it 13th in the Western Europe region and 20th in the world. Iceland is classified by the IMF as part of the Advanced economies group and by the World Bank as High income country.
Iceland’s Legal and Political Subindex increased by 0.012 to 8.187 with scores of 7.954 in Judicial Independence, 8.020 in Rule of Law, 7.798 in Political Stability, and 8.975 in Control of Corruption.
Iceland’s Physical Property Rights Subindex increased by 0.070 to 7.997 with scores of 8.173 in perception of Property Rights Protection, 9.892 in Registering Property, and 5.925 in Ease of Access to Loans.
Iceland’s Intellectual Property Rights Subindex decreased by -0.32 to 6.669 with scores of 7.775 in perception of Intellectual Property Protection, 6.833 in Patent Protection, and 5.4 in Copyright Protection.
Iceland is a member of the following regional integration agreements
- European Free Trade Association