Iceland
EFTA · statistics to 2024–25 · policy framework at end-2025 · policy desk-coded
Dimensions
| Dimension | Score | Rank /45 | EFTA | EU-27 | Indicators |
|---|---|---|---|---|---|
| Political | 43.6 | 37 | 47.5 | 71.5 | 7 / 8 |
| Economic | 68.7 | 9 | 62.0 | 62.8 | 13 / 20 |
| Legal | 35.3 | 35 | 28.0 | 63.8 | 7 / 12 |
| Institutional | 74.0 | 7 | 67.0 | 61.9 | 8 / 16 |
| Financial | 16.1 | 45 | 24.1 | 71.0 | 3 / 7 |
| Composite | 47.5 | 35 | 45.7 | 66.2 | 38 / 63 |
Indicators = scored now / in the full SEI matrix. Ties share a rank.
Composite, 2015–2024
Same goalposts every year. Legal and financial scores are held at their single readings, so change comes from governance, social and labour statistics, firm demography and early-stage entrepreneurship.
Social-enterprise policy and legal framework, end-2025
| SE strategy / action plan 1.2.1 none found · source | 0/3 |
| Institutional structure & dialogue 1.2.2 none; no lead ministry · source | 0/2 |
| Social clauses in public procurement 2.3.2 Act on Public Procurement No. 120/2016 (EEA procurement rules) · source | 1/2 |
| Official SE definition 3.1 none in law or strategy (descriptive definition in 2024 ministerial answer, Þingskjal 671) · source | 0/1 |
| Legal recognition of SEs 3.2.1 none; general forms (Co-operatives Act No. 22/1991, foundation acts, companies, associations) · source | 0/2 |
| SE support ecosystem 4.3.6 Klak/Innovit entrepreneurship centre, 2017 social-innovation accelerator, Kveikja SE network, VIRK vocational rehabilitation fund · source | 1/2 |
| EU funds mobilised for SE 5.1.1 none | 0/2 |
| Dedicated national funding 5.2.2 none SE-specific (Ministry of Welfare project grants; 2015 social innovation fund) · source | 0/2 |
Policy composite 12.5 of 100 (mean of the eight codes). Iceland has no SE law, definition, strategy, dedicated funding or responsible body (confirmed by a 2024 ministerial answer); SEs use cooperative, foundation and company forms with fragmented start-up support.
Cite this profile
Social Entrepreneurship Observatory & SENIC. (2026). Iceland: SEI 2026 country profile (provisional edition, version 0.9.1). Social Entrepreneurship Index. https://seindex.org/countries/iceland/