Comparative advantage in environmental goods in Iceland
Iceland: Comparative advantage in environmental goods was 0.0631 index in 2019. ▼ Falling
Comparative advantage in environmental goods in Iceland, 1998–2019
Source: IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations. Measured in index.
Analysis
The most recent figure for comparative advantage in environmental goods in Iceland is 0.0631 index, measured in 2019.
That represents a change of down 23.7% on the previous year and down 31.5% over ten years.
Over the whole period, comparative advantage in environmental goods in Iceland peaked at 0.1675 index in 2001 and was at its lowest, 0.0351 index, in 2006.
Iceland ranks 129th of 163 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Comparative advantage in environmental goods in Iceland, year by year
| Year | index | Change |
|---|---|---|
| 1998 | 0.0593 index | — |
| 1999 | 0.0595 index | +0.2% |
| 2000 | 0.1621 index | +172.5% |
| 2001 | 0.1675 index | +3.3% |
| 2002 | 0.1377 index | -17.8% |
| 2003 | 0.1379 index | +0.1% |
| 2004 | 0.103 index | -25.3% |
| 2005 | 0.0394 index | -61.8% |
| 2006 | 0.0351 index | -10.8% |
| 2007 | 0.0487 index | +38.6% |
| 2008 | 0.0896 index | +83.9% |
| 2009 | 0.0921 index | +2.8% |
| 2010 | 0.1314 index | +42.8% |
| 2011 | 0.1198 index | -8.9% |
| 2012 | 0.14 index | +16.9% |
| 2013 | 0.1077 index | -23.1% |
| 2014 | 0.0893 index | -17.1% |
| 2015 | 0.0694 index | -22.2% |
| 2016 | 0.0709 index | +2.2% |
| 2017 | 0.0806 index | +13.7% |
| 2018 | 0.0826 index | +2.5% |
| 2019 | 0.0631 index | -23.7% |
Iceland compared with similar countries
- Iceland's 0.0631 index is below the median for high income countries, which is 0.6392 index, 10% of the median. (62 countries reporting)
- Iceland's 0.0631 index is below the median for Europe & Central Asia, which is 0.91 index, 7% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Comparative advantage in environmental goods in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +172.5% | 0.0595 index | 0.1621 index |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0594 index | 0.0593 index | 0.0595 index | 2 |
| 2000s | 0.1013 index | 0.0351 index | 0.1675 index | 10 |
| 2010s | 0.0955 index | 0.0631 index | 0.14 index | 10 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is comparative advantage in environmental goods in Iceland?
- Comparative advantage in environmental goods in Iceland was 0.0631 index in 2019, according to IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations.
- What is the highest comparative advantage in environmental goods recorded in Iceland?
- The highest recorded value was 0.1675 index in 2001.
- What is the lowest comparative advantage in environmental goods recorded in Iceland?
- The lowest recorded value was 0.0351 index in 2006.
- How does Iceland rank for comparative advantage in environmental goods?
- Iceland ranks 129th out of 163 countries with data for 2019.
- Is comparative advantage in environmental goods rising or falling in Iceland?
- Over the last ten years it is down 31.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as part of Comparative advantage in environmental goods (index). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.