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

In the Ease of Doing Business rating Egypt holds position #90 2020 out of 181 and Iceland is #20 out of 181 2020.
Position of Egypt is worse than position of Iceland.

Referencies:

  1. The countries in the rating sorted by 'Score' in descending order.
    Egypt 'Score' value is 60.1
    Iceland 'Score' value is 79.0