Competitive Edge
Reykavik Capital Area is inhabited by an educated, highly skilled population, with an excellent infrastructure and a high quality of life. Iceland, where 99% of all electricity is renewable, offers visitors a unique window into the future of life and business. IMD considers Iceland’s hydro and geothermal electricity infrastructure to be the most reliable in the world. Iceland is recognized as a world leader in the utilization of geothermal energy with its focus on diversification.
High international ranking when it comes to social indicators is a clear sign of international competitiveness. Throughout the years, Iceland has been placed on top of lists in terms of happiness and general satisfaction. Iceland was the highest rated country in terms of life satisfaction in OECD Better Life Index, as well as for quality of local living environment. The vibrant cultural scene in the capital area, a supporting social welfare system along with having the blue lagoon, spurting geysers, glaciers and waterfalls in close proximity, make Iceland a great country to live in. The great qualities of living in Iceland are many, including: lively culture, high life expectancy, excellent education system, literature, welfare system, gender equality to name a few.
IMD World Competitiveness Rankings 2021
Iceland moves to 21th position 2021, the result of an improving macroeconomic situation and an easing of financial concerns. Despite its significant difficulties in these areas in recent years, Iceland continues to benefit from a number of clear competitiveness strengths in moving toward a more sustainable economic situation.
Reykjavik is the world´s 5th smartest sustainable city
The Cities in Motion Index 2020 by IESE Business School in Barcelona offers offers a broad and holistic vision of what a city represents, taking into account different key dimensions to create smarter and more sustainable cities. Reykjavik is the 5th smartest and sustainable city in the world – the overall best of the Nordic cities
