Index Commentary

Iceland drops nine places down to rank 23 in the Index due to a weaker performance in energy security which was driven by a decrease in the wholesale margin on gasoline and a slightly lower ratio of production to total energy supply. Not reliant on fossil fuels Iceland has a strong environmental performance. A small drop in social equity is visible as Iceland made slower progress than its peer countries in improving the quality and affordability of electricity. Iceland’s weak economic position improved by 22 places, mainly due to stronger macroeconomic stability.