Statement:
In Iceland the corruption level is lower than in Serbia

In the Corruption Perceptions rating Iceland holds position #9 ²⁰²¹ out of 178 and Serbia is #40 out of 178 ²⁰²¹.
Position of Iceland is better than position of Serbia.

Referencies:

1. Corruption Perceptions ²⁰²¹ by Transparency International

   The countries in the rating sorted by 'Score' in descending order.

   Iceland	'Score' value is	74
   Serbia	'Score' value is	38