Iceland vs Papua New Guinea: Comparative advantage in environmental goods
Comparative advantage in environmental goods over time
- Iceland
- Papua New Guinea
How they compare
Iceland currently reports 0.0631 index against 0.0534 index in Papua New Guinea, a difference of 0.0097 index.
That makes Iceland's figure about 1.2 times Papua New Guinea's.
Across all 6 years both countries report, Iceland has been ahead every year.
Iceland ranks 129th and Papua New Guinea ranks 132nd of 163 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.0593 index | 0.0456 index | 0.0137 index | Iceland |
| 2000s | 0.1262 index | 0.0487 index | 0.0775 index | Iceland |
| 2010s | 0.1299 index | 0.048 index | 0.0819 index | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher comparative advantage in environmental goods, Iceland or Papua New Guinea?
- Iceland, at 0.0631 index against 0.0534 index in Papua New Guinea as of 2019.
- What is the difference in comparative advantage in environmental goods between Iceland and Papua New Guinea?
- 0.0097 index, with Iceland ahead.
- How many years of comparable data are there for Iceland and Papua New Guinea?
- 6 years are reported by both, from 1998 to 2012.
- How do Iceland and Papua New Guinea rank globally for comparative advantage in environmental goods?
- Iceland ranks 129th and Papua New Guinea ranks 132nd 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 protectionâsuch as goods related to pollution management and resource managementâand adapted goodsâwhich are goods that have been specifically modified to be more âenvironmentally friendlyâ or âcleaner.â 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 protectionâsuch as goods related to pollution management and resource managementâand adapted goodsâwhich are goods that have been specifically modified to be more âenvironmentally friendlyâ or âcleaner.â A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.