Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom

Geographic coordinates:
65 00 N, 18 00 W

Map references:

total:103,000 sq kmcountry comparison to the world: 108
land:100,250 sq km
water:2,750 sq km

Area - comparative:
slightly smaller than Kentucky

Land boundaries:
territorial sea:12 nm
exclusive economic zone:200 nm
continental shelf:200 nm or to the edge of the continental margin

temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers

mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords

Elevation extremes:
lowest point:Atlantic Ocean 0 m
highest point:Hvannadalshnukur 2,110 m (at Vatnajokull glacier)

    Natural resources:
fish, hydropower, geothermal power, diatomite

Land use:
arable land:1.19%
permanent crops:0%
other:98.81% (2011)

Irrigated land:

Total renewable water resources:
170 cu km (2011)

Freshwater withdrawal (domestic/industrial/agricultural):
170 cu km (2011)

Natural hazards:
earthquakes and volcanic activity

Environment - current issues:
water pollution from fertilizer runoff; inadequate wastewater treatment

Environment - international agreements:
party to:Air Pollution, Air Pollution-Persistent Organic Pollutants, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands, Whaling
signed, but not ratified:Environmental Modification, Marine Life Conservation

Geography - note:
strategic location between Greenland and Europe; westernmost European country; Reykjavik is the northernmost national capital in the world; more land covered by glaciers than in all of continental Europe

People and Society

noun: Icelander(s)

Ethnic groups:
homogeneous mixture of descendants of Norse and Celts 94%, population of foreign origin 6%

Icelandic, English, Nordic languages, German widely spoken

Evangelical Lutheran Church of Iceland (official) 76.2%, Roman Catholic 3.4%, Reykjavik Free Church 2.9%, Hafnarfjorour Free Church 1.9%, The Independent Congregation 1%, other religions 3.6% (includes Pentecostal and Asatru Association), none 5.2%, other or unspecified 5.9% (2013 est.)

317,351 (July 2014 est.)country comparison to the world: 180

Age structure:
0-14 years:19.7% (male 31,660/female 30,720)
15-24 years:14.5% (male 23,116/female 22,742)
25-54 years:40.7% (male 65,218/female 64,102)
55-64 years:11.6% (male 18,644/female 18,225)
65 years and over:13.2% (male 19,754/female 23,170) (2014 est.)

Dependency ratios:
total dependency ratio:50.9 %
youth dependency ratio:31.1 %
elderly dependency ratio:19.7 %
potential support ratio:5.1 (2014 est.)

Median age:
total:36.4 years
male:35.9 years
female:36.9 years (2014 est.)

Population growth rate:
0.65% (2014 est.)country comparison to the world: 149

Birth rate:
13.09 births/1,000 population (2014 est.)country comparison to the world: 153

Death rate:
7.13 deaths/1,000 population (2014 est.)country comparison to the world: 126

Net migration rate:
0.52 migrant(s)/1,000 population (2014 est.)country comparison to the world: 69

urban population:93.7% of total population (2011)
rate of urbanization:1.27% annual rate of change (2010-15 est.)

Major urban areas - population:
REYKJAVIK (capital) 206,000 (2011)

Sex ratio:
at birth:1.04 male(s)/female
0-14 years:1.03 male(s)/female
15-24 years:1.02 male(s)/female
25-54 years:1.02 male(s)/female
55-64 years:1 male(s)/female
65 years and over:0.85 male(s)/female
total population:1 male(s)/female (2014 est.)

Mother's mean age at first birth:
27 (2011 est.)

Maternal mortality rate:
5 deaths/100,000 live births (2010)

Infant mortality rate:
total:3.15 deaths/1,000 live birthscountry comparison to the world: 215
male:3.3 deaths/1,000 live births
female:3 deaths/1,000 live births (2014 est.)

    Life expectancy at birth:
total population:81.22 yearscountry comparison to the world: 20
male:78.98 years
female:83.54 years (2014 est.)

Total fertility rate:
1.88 children born/woman (2014 est.)country comparison to the world: 143

Health expenditures:
9.1% of GDP (2011)

Physicians density:
3.46 physicians/1,000 population (2011)

Hospital bed density:
5.8 beds/1,000 population (2007)

Drinking water source:
urban: 100% of population
rural: 100% of population
total: 100% of population
urban: 0% of population
rural: 0% of population
total: 0% of population (2012 est.)

Sanitation facility access:
urban: 100% of population
rural: 100% of population
total: 100% of population
urban: 0% of population
rural: 0% of population
total: 0% of population (2012 est.)

HIV/AIDS - adult prevalence rate:
0.3% (2009 est.)country comparison to the world: 85

HIV/AIDS - people living with HIV/AIDS:
fewer than 1,000 (2009 est.)country comparison to the world: 147

HIV/AIDS - deaths:
fewer than 100 (2009 est.)country comparison to the world: 118

Obesity - adult prevalence rate:
23.2% (2008)country comparison to the world: 76

Education expenditures:
7.6% of GDP (2010)country comparison to the world: 14

definition:age 15 and over can read and write
total population:99%
female:99% (2003 est.)

School life expectancy (primary to tertiary education):
total:19 years
male:18 years
female:20 years (2011)

Unemployment, youth ages 15-24:
total:13.6%country comparison to the world: 93
female:12.4% (2012)


Country name:
conventional long form: Republic of Iceland
conventional short form:Iceland
local long form:Lydveldid Island
local short form:Island

Government type:
constitutional republic

geographic coordinates:64 09 N, 21 57 W
time difference:UTC 0 (5 hours ahead of Washington, DC, during Standard Time)

Administrative divisions:
8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland

1 December 1918 (became a sovereign state under the Danish Crown); 17 June 1944 (from Denmark; birthday of Jon SIGURDSSON leader of Iceland's 19th Century independence movement)

National holiday:
Independence Day, 17 June (1944)

several previous; latest ratified 16 June 1944, effective 17 June 1944 (at independence); amended many times, last in 2013; note - a new constitution drafted in 2012 in the aftermath of the country's banking collapse was voted down in April 2013 by the recently elected parliament, though several amendments were passed (2013)

Legal system:
civil law system influenced by the Danish model

International law organization participation:
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction

18 years of age; universal

Executive branch:
chief of state:President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government:Prime Minister Sigmundur David GUNNLAUGSSON (since 23 May 2013)
cabinet:Cabinet appointed by the prime minister
elections:president is elected by popular vote for a four-year term (no term limits); election last held on 30 June 2012 (next to be held in June 2016); note - following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister
election results:Olafur Ragnar GRIMSSON elected president; percent of vote - Olafur Ragnar GRIMSSON 52.8%, Thora ARNORSDOTTIR 33.2%, Ari Trausti GUDMUNDSSON 8.6%, other 5.4%

Legislative branch:
unicameral Althingi (parliament) (63 seats; members elected by popular vote to serve four-year terms)
elections:last held on 27 April 2013 (next to be held in 2017)
election results:percent of vote by party - SDA 30.16%, IP 25.4%, LGM 17.46%, PP 14.29%, Bright Future 3.18%, Dawn 3.18%, Rainbow 3.18%, Pirate Party 1.59%, Solidarity 1.59%; seats by party - SDA 19, IP 16, LGM 11, PP 9, Bright Future 2, Dawn 2, Rainbow 2, Pirate Party 1, Solidarity 1

Judicial branch:
highest court(s):Supreme Court or Haestirettur (consists of 9 judges)
judge selection and term of office:judges proposed by Ministry of Interior selection committee and appointed by the president; judges appointed for an indefinite period
subordinate courts:8 district courts; Labor Court

    Political parties and leaders:
Bright Future (Bjort Framtid) or BF [Gudmundur STEINGRIMSSON]
Dawn (Dogun) [Benedikt SIGURDARSON]
Independence Party (Sjalfstaedisflokkurinn) or IP [Bjarni BENEDIKTSSON]
Left-Green Movement (Vinstrihreyfingin) or LGM [Katrin JAKOBSDOTTIR]
Pirate Party [Birgitta JONSDOTTIR]
Progressive Party (Framsoknarflokkurinn) or PP [Sigmundur David GUNNLAUGSSON]
Social Democratic Alliance (Samfylkingin) or SDA [Arni Pall ARNASON]
Solidarity (Samstada) [Lilja MOSESDOTTIR]

International organization participation:
Arctic Council, Australia Group, BIS, CBSS, CD, CE, EAPC, EBRD, EFTA, EU (candidate country), FAO, FATF, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UPU, WCO, WHO, WIPO, WMO, WTO

Diplomatic representation in the US:
chief of mission:Ambassador Gudmundur A. STEFANSSON (since 12 October 2011)
chancery:House of Sweden, 2900 K Street NW #509, Washington, DC 20007
telephone:[1] (202) 265-6653
FAX:[1] (202) 265-6656
consulate(s) general:New York

Diplomatic representation from the US:
chief of mission:Ambassador (vacant); Charge d'Affaires Paul O'Friel (since 24 November 2013)
embassy:Laufasvegur 21, 101 Reykjavik
mailing address:US Department of State, 5640 Reykjavik Place, Washington, D.C. 20521-5640
telephone:[354] 595-22 00
FAX:[354] 562-9118

Flag description:
blue with a red cross outlined in white extending to the edges of the flag; the vertical part of the cross is shifted to the hoist side in the style of the Dannebrog (Danish flag); the colors represent three of the elements that make up the island: red is for the island's volcanic fires, white recalls the snow and ice fields of the island, and blue is for the surrounding ocean

National symbol(s):

National anthem:
name:'Lofsongur' (Song of Praise)

lyrics/music:Matthias JOCHUMSSON/Sveinbjorn SVEINBJORNSSON
note:adopted 1944; the anthem, also known as 'O, Gud vors lands' (O, God of Our Land), was originally written and performed in 1874


Economy - overview:
Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings, more than 12% of GDP, and employs nearly 5% of the work force. It remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. In fall 2013, the Icelandic government approved a joint application by Icelandic, Chinese and Norwegian energy firms to conduct oil exploration off Iceland’s northeast coast. Abundant geothermal and hydropower sources have attracted substantial foreign investment in the aluminum sector, boosted economic growth, and sparked some interest from high-tech firms looking to establish data centers using cheap green energy, although the financial crisis has put several investment projects on hold. Much of Iceland's economic growth in recent years came as the result of a boom in domestic demand following the rapid expansion of the country's financial sector. Domestic banks expanded aggressively in foreign markets, and consumers and businesses borrowed heavily in foreign currencies, following the privatization of the banking sector in the early 2000s. Worsening global financial conditions throughout 2008 resulted in a sharp depreciation of the krona vis-a-vis other major currencies. The foreign exposure of Icelandic banks, whose loans and other assets totaled more than 10 times the country's GDP, became unsustainable. Iceland's three largest banks collapsed in late 2008. The country secured over $10 billion in loans from the IMF and other countries to stabilize its currency and financial sector, and to back government guarantees for foreign deposits in Icelandic banks. GDP fell 6.8% in 2009, and unemployment peaked at 9.4% in February 2009. Since the collapse of Iceland's financial sector, government economic priorities have included: stabilizing the krona, implementing capital controls, reducing Iceland's high budget deficit, containing inflation, addressing high household debt, restructuring the financial sector, and diversifying the economy. Three new banks were established to take over the domestic assets of the collapsed banks. Two of them have foreign majority ownership, while the State holds a majority of the shares of the third. Iceland began making payments to the UK, the Netherlands, and other claimants in late 2011 following Iceland's Supreme Court ruling that upheld 2008 emergency legislation that gives priority to depositors for compensation from failed Icelandic banks. Iceland owes British and Dutch authorities approximately $5.5 billion for compensating British and Dutch citizens who lost deposits in Icesave when parent bank Landsbanki failed in 2008. Iceland began accession negotiations with the EU in July 2010, but decided in mid-2013 to suspend negotiations with the EU because of concern about losing control over fishing resources and worries over the ongoing Eurozone crisis.

GDP (purchasing power parity):
$13.11 billion (2013 est.)
country comparison to the world: 150
$12.87 billion (2012 est.)
$12.66 billion (2011 est.)
note:data are in 2013 US dollars

GDP (official exchange rate):
$14.59 billion (2013 est.)

GDP - real growth rate:
1.9% (2013 est.)
country comparison to the world: 148
1.6% (2012 est.)
2.9% (2011 est.)

GDP - per capita (PPP):
$40,700 (2013 est.)
country comparison to the world: 27
$40,300 (2012 est.)
$39,800 (2011 est.)
note:data are in 2013 US dollars

Gross national saving:
15.4% of GDP (2013 est.)
country comparison to the world: 107
9.3% of GDP (2012 est.)
8.1% of GDP (2011 est.)

GDP - composition, by end use:
household consumption:53.3%
government consumption:24.9%
investment in fixed capital:13.8%
investment in inventories:2%
exports of goods and services:56.4%
imports of goods and services:-50.4%
(2013 est.)

GDP - composition, by sector of origin:
services:71.2% (2013 est.)

Agriculture - products:
potatoes, green vegetables; mutton, chicken, pork, beef, dairy products; fish

fish processing; aluminum smelting, ferrosilicon production; geothermal power, hydropower, tourism

Industrial production growth rate:
-1% (2013 est.)
country comparison to the world: 178

Labor force:
181,100 (2013 est.)
country comparison to the world: 175

Labor force - by occupation:
services:73% (2008)

    Unemployment rate:
4.5% (2013 est.)
country comparison to the world: 42
5.8% (2012 est.)

Population below poverty line:

Household income or consumption by percentage share:
lowest 10%:NA%
highest 10%:NA%

Distribution of family income - Gini index:
28 (2006)
country comparison to the world: 126
25 (2005)

revenues:$6.231 billion
expenditures:$6.448 billion (2013 est.)

Taxes and other revenues:
42.7% of GDP (2013 est.)
country comparison to the world: 27

Budget surplus (+) or deficit (-):
-1.5% of GDP (2013 est.)
country comparison to the world: 71

Public debt:
130.5% of GDP (2013 est.)
country comparison to the world: 5
131.8% of GDP (2012 est.)

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.9% (2013 est.)
country comparison to the world: 133
$NA (2012 est.)

Central bank discount rate:
5.4% (31 January 2012 est.)
country comparison to the world: 62
5.75% (31 December 2010 est.)

Commercial bank prime lending rate:
9.3% (31 December 2013 est.)
country comparison to the world: 108
8.33% (31 December 2012 est.)

Stock of narrow money:
$3.876 billion (31 December 2013 est.)
country comparison to the world: 108
$3.562 billion (31 December 2012 est.)

Stock of broad money:
$7.152 billion (31 December 2012 est.)
country comparison to the world: 115
$7.006 billion (31 December 2012 est.)

Stock of domestic credit:
$19.35 billion (31 December 2013 est.)
country comparison to the world: 81
$18.96 billion (31 December 2012 est.)

Market value of publicly traded shares:
$2.825 billion (31 December 2012 est.)

Current account balance:
-$100 million (2013 est.)
country comparison to the world: 75
-$740 million (2012 est.)

$5.2 billion (2013 est.)
country comparison to the world: 113
$5.06 billion (2012 est.)

Exports - commodities:
fish and fish products 40%, aluminum, animal products, ferrosilicon, diatomite

Exports - partners:
Netherlands 30%, Germany 12.9%, UK 9.8%, Norway 5.1%, US 4.5%, France 4.4% (2012)

$4.526 billion (2013 est.)
country comparison to the world: 136
$4.441 billion (2012 est.)

Imports - commodities:
machinery and equipment, petroleum products, foodstuffs, textiles

Imports - partners:
Norway 16.6%, US 10.2%, Germany 9.2%, China 7.2%, Brazil 6.7%, Netherlands 6%, Denmark 5.7%, UK 4.6% (2012)

Reserves of foreign exchange and gold:
$5.604 billion (31 December 2013 est.)
country comparison to the world: 90
$4.192 billion (31 December 2012 est.)

Debt - external:
$102 billion (31 December 2012 est.)
country comparison to the world: 47
$110.8 billion (31 December 2011 est.)

Stock of direct foreign investment - at home:
$9.2 billion (31 December 2008)

Stock of direct foreign investment - abroad:
$8.8 billion (31 December 2008)

Exchange rates:
Icelandic kronur (ISK) per US dollar -
123.7 (2013 est.)
125.08 (2012 est.)
122.24 (2010 est.)
123.64 (2009)
85.619 (2008)


Electricity - production:
17.08 billion kWh (2011 est.)
country comparison to the world: 79

Electricity - consumption:
16.23 billion kWh (2010 est.)
country comparison to the world: 76

Electricity - exports:
0 kWh (2012 est.)
country comparison to the world: 149

Electricity - imports:
0 kWh (2012 est.)
country comparison to the world: 156

Electricity - installed generating capacity:
2.579 million kW (2010 est.)
country comparison to the world: 96

Electricity - from fossil fuels:
4.7% of total installed capacity (2010 est.)
country comparison to the world: 199

Electricity - from nuclear fuels:
0% of total installed capacity (2010 est.)
country comparison to the world: 107

Electricity - from hydroelectric plants:
73% of total installed capacity (2010 est.)
country comparison to the world: 19

Electricity - from other renewable sources:
22.3% of total installed capacity (2010 est.)
country comparison to the world: 7

Crude oil - production:
0 bbl/day (2012 est.)
country comparison to the world: 181

Crude oil - exports:
0 bbl/day (2010 est.)
country comparison to the world: 129

Crude oil - imports:
0 bbl/day (2010 est.)
country comparison to the world: 201

    Crude oil - proved reserves:
0 bbl (1 January 2013 est.)
country comparison to the world: 146

Refined petroleum products - production:
0 bbl/day (2010 est.)
country comparison to the world: 157

Refined petroleum products - consumption:
20,770 bbl/day (2011 est.)
country comparison to the world: 126

Refined petroleum products - exports:
1,420 bbl/day (2010 est.)
country comparison to the world: 103

Refined petroleum products - imports:
14,160 bbl/day (2010 est.)
country comparison to the world: 123

Natural gas - production:
0 cu m (2011 est.)
country comparison to the world: 145

Natural gas - consumption:
0 cu m (2010 est.)
country comparison to the world: 158

Natural gas - exports:
0 cu m (2011 est.)
country comparison to the world: 118

Natural gas - imports:
0 cu m (2011 est.)
country comparison to the world: 206

Natural gas - proved reserves:
0 cu m (1 January 2013 est.)
country comparison to the world: 151

Carbon dioxide emissions from consumption of energy:
3.809 million Mt (2011 est.)


Telephones - main lines in use:
189,000 (2012)
country comparison to the world: 128

Telephones - mobile cellular:
346,000 (2012)
country comparison to the world: 173

Telephone system:
general assessment:telecommunications infrastructure is modern and fully digitized, with satellite-earth stations, fiber-optic cables, and an extensive broadband network
domestic:liberalization of the telecommunications sector beginning in the late 1990s has led to increased competition especially in the mobile services segment of the market
international:country code - 354; the CANTAT-3 and FARICE-1 submarine cable systems provide connectivity to Canada, the Faroe Islands, UK, Denmark, and Germany; a planned new section of the Hibernia-Atlantic submarine cable will provide additional connectivity to Canada, US, and Ireland; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) (2011)

    Broadcast media:
state-owned public TV broadcaster operates 1 TV channel nationally; several privately owned TV stations broadcast nationally and roughly another half-dozen operate locally; about one-half the households utilize multi-channel cable or satellite TV services; state-owned public radio broadcaster operates 2 national networks and 4 regional stations; 2 privately owned radio stations operate nationally and another 15 provide more limited coverage (2007)

Internet country code:

Internet hosts:
369,969 (2012)
country comparison to the world: 56

Internet users:
301,600 (2009)
country comparison to the world: 129


96 (2013)
country comparison to the world: 59

Airports - with paved runways
over 3,047 m:1
1,524 to 2,437 m:3
914 to 1,523 m:3 (2013)

Airports - with unpaved runways
1,524 to 2,437 m:3
914 to 1,523 m:26
under 914 m:
60 (2013)

total:12,890 kmcountry comparison to the world: 126
paved/oiled gravel:4,782 km (does not include urban roads)
unpaved:8,108 km (2012)

    Merchant marine
total:2country comparison to the world: 144
by type:passenger/cargo 2
registered in other countries:19 (Antigua and Barbuda 10, Belize 1, Faroe Islands 4, Finland 1, Gibraltar 1, Norway 2) (2010)

Ports and terminals
major seaport(s):Grundartangi, Hafnarfjordur, Reykjavik


Military branches
no regular military forces; Icelandic National Police; Icelandic Coast Guard (2013)

Manpower available for military service
males age 16-49:75,337 (2010 est.)

Manpower fit for military service
males age 16-49:62,781
females age 16-49:61,511 (2010 est.)

Manpower reaching militarily significant age annually
female:2,200 (2010 est.)

    Military expenditures
0.13% of GDP (2012)
country comparison to the world: 131
0.14% of GDP (2011)
0.13% of GDP (2010)

Military - note
Iceland has no standing military force; all US military forces in Iceland were withdrawn as of October 2006; defense of Iceland remains a NATO commitment and NATO maintains an air policing presence in Icelandic airspace; Iceland participates in international peacekeeping missions with the civilian-manned Icelandic Crisis Response Unit (ICRU) (2011)

Transnational Issues

Disputes - international
Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm; the European Free Trade Association Surveillance Authority filed a suit against Iceland, claiming the country violated the European Economic Area agreement in failing to pay minimum compensation to Icesave depositors

    Refugees and internally displaced persons
stateless persons:119 (2012)

Information provided by CIA - The World Fact Book

Doing Business in Iceland 2020

Iceland Ease of Doing Business Rank: 26 Overall Score: 79
Starting a Business (rank) 64
Score 90.6
Procedures - Men (number) 5
Time - Men (number) 11.5
Cost - Men (days) 1.9
Procedures - Women (days) 5
Time - Women (% of income per capita) 11.5
Cost - Women (% of income per capita) 1.9
Paid in minimum capital (% of income per capita) 7.4
Dealing with Construction Permits (rank) 72
Score 71.6
Procedures (number) 17
Time (days) 84
Cost (% of warehouse value) 0.5
Building Quality Control Index(0-15) 8
Quality of building regulations index (0-2) 2
Quality control before construction index (0-1) 1
Quality control during construction index (0-3) 2
Quality control after construction index (0-3) 3
Liability and insurance regimes index (0-2) 0
Professional certifications index (0-4) 0
Getting Electricity (rank) 16
Score 92.2
Procedures (number) 4
Time (days) 22
Cost (% of income per capita) 10.3
Reliability of supply and transparency of tariff index (0-8) 7
Total duration and frequency of outages per customer a year (0-3) 3
Mechanisms for monitoring outages (0-1) 1
Mechanisms for restoring service (0-1) 1
Regulatory monitoring (0-1) 1
Financial deterrents aimed at limiting outages (0-1) 0
Communication of tariffs and tariff changes (0-1) 1
System average interruption duration index (SAIDI) 0.6
System average interruption frequency index (SAIFI) 0.4
Minimum outage time (in minutes) 0
Price of electricity (US cents per kWh) 12.2
Registering Property (rank) 16
Score 86.6
Procedures (number) 3
Time (days) 3.5
Cost (% of property value) 3.6
Quality of land administration index (0-30) 26.5
Reliability of infrastructure index (0-8) 7
Transparency of information index (0-6) 4
Geographic coverage index (0-8) 8
Land dispute resolution index (0-8) 7.5
Equal access to property rights index (-2-0) 0
Getting credit (rank) 94
Score 55
Strength of legal rights index (0-12) 4
Depth of credit information index (0-8) 7
Getting Credit total score 11
Credit registry coverage (% of adults) 0
Credit bureau coverage (% of adults) 100
Protecting Minority Investors (rank) 28
Score 72
Extent of disclosure index (0-10) 7
Extent of director liability index (0-10) 5
Ease of shareholder suits index (0-10) 8
Extent of shareholder rights index (0-6) 5
Extent of ownership and control index (0-7) 5
Extent of corporate transparency index (0-7) 6
Strength of minority investor protection index (0-50) 36
Paying Taxes (rank) 42
Score 83.8
Payments (number per year) 21
Time (hours per year) 140
Total tax and contribution rate (% of profit) 31.9
Profit tax (% of profit) 8.5
Labor tax and contributions (% of profit) 20.6
Other taxes (% of profit) 2.9
Time to comply with VAT refund (hours) 3
Time to obtain VAT refund (weeks) 25
Time to comply with a corporate income tax correction (hours) 4
Time to complete a corporate income tax correction (weeks) 0
Postfiling index (0-100) 87.2
Trading across borders (rank) 53
Score 86.7
Time to export: Documentary compliance (hours) 2
Time to import: Documentary compliance (hours) 3
Time to export: Border compliance (hours) 36
Time to import: Border compliance (hours) 24
Cost to export: Documentary compliance (USD) 40
Cost to import: Documentary compliance 0
Cost to export: Border compliance (USD) 365
Cost to import: Border compliance (USD) 365
Enforcing contract (rank) 33
Score 69.1
Time (days) 417
Filing and service (days) 45
Trial and judgment (days) 292
Enforcement of judgment (days) 80
Cost (% of claim) 9
Attorney fees (% of claim) 5.9
Court fees (% of claim) 2.1
Enforcement fees (% of claim) 1
Quality of the judicial processes index (0-18) 7.5
Court structure and proceedings (0-5) 1.5
Case management (0-6) 2
Court automation (0-4) 2
Alternative dispute resolution (0-3) 2
Resolving Insolvency (rank) 12
Score 82
Outcome (0 as piecemeal sale and 1 as going concern) 1
Time (years) 1
Cost (% of estate) 3.5
Recovery rate (cents on the dollar) 85.5
Strength of insolvency framework index (0-16) 11.5
Commencement of proceedings index (0-3) 2.5
Management of debtor's assets index (0-6) 6
Reorganization proceedings index (0-3) 1
Creditor participation index (0-4) 2
Information provided by The World Bank Group