Statement:
It is harder to do business in Armenia than in Iceland

In the Ease of Doing Business rating Armenia holds position #36 ²⁰²⁰ out of 181 and Iceland is #20 out of 181 ²⁰²⁰.
Position of Armenia is worse than position of Iceland.

Referencies:

1. Ease of Doing Business ²⁰²⁰ by World Bank

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

   Armenia	'Score' value is	74.5
   Iceland	'Score' value is	79.0