Iceland vs Nicaragua: Comparative advantage in environmental goods
Comparative advantage in environmental goods over time
- Iceland
- Nicaragua
How they compare
Iceland currently reports 0.0631 index against 0.0534 index in Nicaragua, a difference of 0.0097 index.
That makes Iceland's figure about 1.2 times Nicaragua's.
The two have swapped places 1 time across 22 shared years of data; in 1998 it was Nicaragua ahead.
Iceland ranks 129th and Nicaragua ranks 131st of 163 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Nicaragua in 2.
Head to head by decade
| Decade | Iceland | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.0594 index | 0.2127 index | 0.1533 index | Nicaragua |
| 2000s | 0.1013 index | 0.3132 index | 0.2119 index | Nicaragua |
| 2010s | 0.0955 index | 0.0723 index | 0.0232 index | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher comparative advantage in environmental goods, Iceland or Nicaragua?
- Iceland, at 0.0631 index against 0.0534 index in Nicaragua as of 2019.
- What is the difference in comparative advantage in environmental goods between Iceland and Nicaragua?
- 0.0097 index, with Iceland ahead.
- How many years of comparable data are there for Iceland and Nicaragua?
- 22 years are reported by both, from 1998 to 2019.
- How do Iceland and Nicaragua rank globally for comparative advantage in environmental goods?
- Iceland ranks 129th and Nicaragua ranks 131st 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.
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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.