 Nevertheless, according to the Economist Intelligence Index of 2011, Iceland has the 2nd highest quality of life in the world.Based on the Gini coefficient, Iceland also has one of the lowest rates of income inequality in the world, and when adjusted for inequality, its HDI ranking is 6th.Iceland's unemployment rate has declined consistently since the crisis, with 4.8% of the labour force being unemployed , compared to 6% in 2011 and 8.1% in 2010.