Iceland - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Iceland was 10.44 as of 2020. Its highest value over the past 14 years was 17.59 in 2007, while its lowest value was 7.59 in 2010.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 15.72
2007 17.59
2008 12.01
2009 12.29
2010 7.59
2011 7.95
2012 8.15
2013 8.98
2014 9.44
2015 10.83
2016 12.03
2017 11.44
2018 9.98
2019 9.36
2020 10.44

Time required to get electricity (days)

The value for Time required to get electricity (days) in Iceland was 22.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 22.00 in 2019 and a minimum value of 22.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 22.00
2010 22.00
2011 22.00
2012 22.00
2013 22.00
2014 22.00
2015 22.00
2016 22.00
2017 22.00
2018 22.00
2019 22.00

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Iceland was 20.60 as of 2019. Its highest value over the past 14 years was 20.60 in 2019, while its lowest value was 12.80 in 2009.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 13.60
2006 13.60
2007 13.40
2008 13.20
2009 12.80
2010 15.30
2011 19.60
2012 19.60
2013 18.60
2014 18.50
2015 18.30
2016 18.30
2017 18.10
2018 18.90
2019 20.60

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Iceland was 2.90 as of 2019. Its highest value over the past 14 years was 4.80 in 2005, while its lowest value was 2.80 in 2013.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 4.80
2006 4.70
2007 4.30
2008 4.30
2009 4.20
2010 4.20
2011 2.90
2012 3.10
2013 2.80
2014 2.80
2015 2.90
2016 2.90
2017 2.90
2018 2.90
2019 2.90

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Iceland was 8.50 as of 2019. Its highest value over the past 14 years was 9.00 in 2017, while its lowest value was 6.90 in 2010.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 8.40
2006 8.50
2007 8.70
2008 8.70
2009 7.30
2010 6.90
2011 7.80
2012 8.50
2013 8.90
2014 8.90
2015 8.90
2016 8.90
2017 9.00
2018 8.80
2019 8.50

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment