Ecuador vs Iceland: Comparative advantage in environmental goods
Comparative advantage in environmental goods over time
- Ecuador
- Iceland
How they compare
Ecuador currently reports 0.069 index against 0.0631 index in Iceland, a difference of 0.0059 index.
That makes Ecuador's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 22 shared years of data; in 1998 it was Ecuador ahead.
Ecuador ranks 126th and Iceland ranks 129th of 163 countries.
Ecuador has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Ecuador | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.1563 index | 0.0594 index | 0.0969 index | Ecuador |
| 2000s | 0.136 index | 0.1013 index | 0.0346 index | Ecuador |
| 2010s | 0.1319 index | 0.0955 index | 0.0364 index | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher comparative advantage in environmental goods, Ecuador or Iceland?
- Ecuador, at 0.069 index against 0.0631 index in Iceland as of 2019.
- What is the difference in comparative advantage in environmental goods between Ecuador and Iceland?
- 0.0059 index, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Iceland?
- 22 years are reported by both, from 1998 to 2019.
- How do Ecuador and Iceland rank globally for comparative advantage in environmental goods?
- Ecuador ranks 126th and Iceland ranks 129th of 163 countries.
- Where does this data come from?
- IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as Comparative advantage in environmental goods (index). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.