Timely indicators of entrepreneurship by enterprise characteristics in Iceland
Iceland: Timely indicators of entrepreneurship by enterprise characteristics was 1,222 Enterprises in 2023. ▲ Rising
Timely indicators of entrepreneurship by enterprise characteristics in Iceland, 2005–2023
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
The most recent figure for timely indicators of entrepreneurship by enterprise characteristics in Iceland is 1,222 Enterprises, measured in 2023.
The figure is up 217.4% on the previous year and up 32.8% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Iceland peaked at 1,579 Enterprises in 2011 and was at its lowest, 385 Enterprises, in 2022.
The long-run direction has been consistently rising across the 19 years of available data.
Timely indicators of entrepreneurship by enterprise characteristics in Iceland, year by year
| Year | Enterprises | Change |
|---|---|---|
| 2005 | 529 Enterprises | — |
| 2006 | 561 Enterprises | +6.0% |
| 2007 | 633 Enterprises | +12.8% |
| 2008 | 748 Enterprises | +18.2% |
| 2009 | 910 Enterprises | +21.7% |
| 2010 | 984 Enterprises | +8.1% |
| 2011 | 1,579 Enterprises | +60.5% |
| 2012 | 1,112 Enterprises | -29.6% |
| 2013 | 920 Enterprises | -17.3% |
| 2014 | 799 Enterprises | -13.2% |
| 2015 | 588 Enterprises | -26.4% |
| 2016 | 1,030 Enterprises | +75.2% |
| 2017 | 758 Enterprises | -26.4% |
| 2018 | 1,026 Enterprises | +35.4% |
| 2019 | 806 Enterprises | -21.4% |
| 2020 | 765 Enterprises | -5.1% |
| 2021 | 956 Enterprises | +25.0% |
| 2022 | 385 Enterprises | -59.7% |
| 2023 | 1,222 Enterprises | +217.4% |
Iceland compared with similar countries
- Iceland's 1,222 Enterprises is below the median for high income countries, which is 5,589 Enterprises, 22% of the median. (13 countries reporting)
- Iceland's 1,222 Enterprises is below the median for Europe & Central Asia, which is 5,872 Enterprises, 21% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 676.2 Enterprises | 529 Enterprises | 910 Enterprises | 5 |
| 2010s | 960.2 Enterprises | 588 Enterprises | 1,579 Enterprises | 10 |
| 2020s | 832 Enterprises | 385 Enterprises | 1,222 Enterprises | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in Iceland?
- Timely indicators of entrepreneurship by enterprise characteristics in Iceland was 1,222 Enterprises in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest timely indicators of entrepreneurship by enterprise characteristics recorded in Iceland?
- The highest recorded value was 1,579 Enterprises in 2011.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Iceland?
- The lowest recorded value was 385 Enterprises in 2022.
- How does Iceland rank for timely indicators of entrepreneurship by enterprise characteristics?
- Iceland ranks 12th out of 13 countries with data for 2023.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Iceland?
- Over the last ten years it is up 32.8%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Timely indicators of entrepreneurship by enterprise characteristics — Business bankruptcies. Statizoid updates them automatically from the source API.
Download this data
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About this data
Timely Indicators of Entrepreneurship have become integral part of business statistics offering of most OECD member countries and beyond. It supplements more complete annual datasets (e.g. Business Demography, Structural Business Statistics by Size class) with more timely monthly or quarterly information on a limited number of indicators.Data are broken down whenever available byeconomic activity according to International Standard Industrial Classification, Revision 4 (ISIC Rev.4): ISIC Rev. 4 at the level of sections (letters) and higher aggregates, most often covering the total economy, geographic area at country and TL2 level of the OECD Territorial grids, legal form into three main groups: Limited liability (LL), Partnership (PA) and Sole proprietorship (SP). With very few exceptions, series are not seasonally or calendar adjusted, so care should be taken in interpreting sub-annual changes. Timely Indicators of Entrepreneurship provide valuable information to policy makers and researchers on most recent trends in business dynamics.Related datasets:Employer Business Demography Statistics,Business Demography Statistics,Structural Business Statistics by Size Class.