According to several sources, corruption is not common on a daily basis in Iceland.
[1][2] However, the global financial crisis and subsequent revelations have had a negative impact on the integrity and independence of Iceland's governing institutions.
[3] Transparency International's 2023 Corruption Perceptions Index scored Iceland at 72 on a scale from 0 ("highly corrupt") to 100 ("very clean").
[6] 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.
[7] In general, businesses do not consider corruption an obstacle for doing business in Iceland, according to World Economic Forum Global Competitiveness Report 2013-2014.