In 2018, index of economic freedom for Iceland was 77 score. Since 1999, index of economic freedom of Iceland fluctuated between a low of 68.2 score in 2011 and a high of 77 score in 2018 averaging at 73.58 over the last 20 years.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.