Overall Score: 72 World Ranking: 26
Population: .3 million/316.4 million
GDP: $13.2 billion/16.8 trillion 2.9% Growth/1.9% 41k Capita/53101 Unemployment: 5.6%/7.5% Inflation: 3.9%/1.5% FDI Inflow: 347.4 million/187.5 billion
The markets are very competitive in Iceland because there is somewhat a high percent of unemployment.
Limits of government regulation
According to the Icelandic constitution everyone is equal before the law and enjoy human rights regardless of gender, religion, opinions, nationality, race, skin colour, financial status, family, and status in any way. Men and women shall have equal rights in every regard.
An efficient capital market
Stock markets are the best spot of find this information in Iceland. They show the prices right when the prices go up or go down.
The Central Bank implements its monetary policy by managing money market interest rates, primarily through interest rate decisions on deposits and loans with credit institutions, which then affect other interest rates. Yields in the money market also have a strong impact on currency flows and thereby on the exchange rate, and in the long run on domestic demand.
Low Tax Rates
The Corporate Tax Rate in Iceland stands at 20 percent. Corporate Tax Rate in Iceland averaged 22.90 percent from 1995 until 2014, reaching an all time high of 33 percent in 1996 and a record low of 15 percent in 2008. Corporate Tax Rate in Iceland is reported by the Directorate of Internal Revenue.
Iceland is the first country to allow free trade with china but they do not allow free trade with every country.