Corruption in Iceland

Extent

According to several sources, corruption is not common on a daily basis in Iceland. However, the global financial crisis and subsequent revelations have had a negative impact on the integrity and independence of Iceland's governing institutions.

According to GRECO's evaluation report 2013, the Icelandic political system was weakened by potential nepotism, close personal relationships between public officials and business and political patronage at the local level. In general, businesses do not consider corruption an obstacle for doing business in Iceland, according to World Economic Forum Global Competitiveness Report 2013-2014.