Iceland

The GEM Adult Population Survey (APS) measures the level and nature of entrepreneurial activity around the world. It is administered to a representative national sample of at least 2000 respondents. The Global Entrepreneurship Monitor is the world's foremost study of entrepreneurship. Through a vast, centrally coordinated, internationally executed data collection effort, GEM is able to provide high quality information, comprehensive reports and interesting stories, to enhance the understanding of the entrepreneurial phenomenon.

Data cited at:  GEM National Expert Survey The GEM National Expert Survey (NES) monitors the factors that are believed to have a significant impact on entrepreneurship, known as the Entrepreneurial Framework Conditions (EFCs). It is administered to a minimum of 36 carefully chosen 'experts' in each country. The Global Entrepreneurship Monitor is the world's foremost study of entrepreneurship. Through a vast, centrally coordinated, internationally executed data collection effort, GEM is able to provide high quality information, comprehensive reports and interesting stories, to enhance the understanding of the entrepreneurial phenomenon.

Since new and young firms contribute critically to job creation, innovation and growth, observing recent trends of firm formation provides valuable information to policy makers. Seasonal adjustment: For the purpose of presentation of quarterly series, seasonal adjustment is applied using TramoSeats algorithm with 5 regressors: log/level, trading days, Easter, outlier detection, and automatic model identification). Series are log-transformed and decomposed into a trend component. Finally, index is calculated based on a 2007 (2007 = average of 2007 quarters) in order to present movements between the base year and a given quarter.