How many years of comparable data are there for Belgium and Iceland?

56 years are reported by both, from 1970 to 2025.

Where does this data come from?

National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Belgium vs Iceland: External balance on goods and services as a percent of GDP

Belgium

-2.0%

in 2025

Iceland

-2.3%

in 2025

Belgium rank

93rd

Iceland rank

95th

External balance on goods and services as a percent of GDP over time

Belgium
Iceland

How they compare

Belgium currently reports -2.0% against -2.3% in Iceland, a difference of 0.3%.

The two have swapped places 12 times across 56 shared years of data; in 1970 it was Belgium ahead.

Belgium ranks 93rd and Iceland ranks 95th of 191 countries.

Across the 6 decades both report, Belgium averaged higher in 5 and Iceland in 1.

Head to head by decade

Decade	Belgium	Iceland	Difference	Ahead
1970s	0.7%	-2.3%	3.0%	Belgium
1980s	0.4%	-0.1%	0.5%	Belgium
1990s	3.1%	0.3%	2.9%	Belgium
2000s	3.7%	-4.6%	8.3%	Belgium
2010s	0.1%	6.8%	6.6%	Iceland
2020s	-0.3%	-0.7%	0.4%	Belgium

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services as a percent of gdp, Belgium or Iceland?: Belgium, at -2.0% against -2.3% in Iceland as of 2025.
What is the difference in external balance on goods and services as a percent of gdp between Belgium and Iceland?: 0.3%, with Belgium ahead.
How many years of comparable data are there for Belgium and Iceland?: 56 years are reported by both, from 1970 to 2025.
How do Belgium and Iceland rank globally for external balance on goods and services as a percent of gdp?: Belgium ranks 93rd and Iceland ranks 95th of 191 countries.
Where does this data come from?: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Belgium vs Iceland: External balance on goods and services as a percent of GDP. Statizoid, drawing on National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-as-a-percent-of-gdp/belgium/iceland/

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<a href="https://economy.statizoid.com/compare/external-balance-on-goods-and-services-as-a-percent-of-gdp/belgium/iceland/">Belgium vs Iceland: External balance on goods and services as a percent of GDP</a> — Statizoid

About this data

Indicator: External balance on goods and services as a percent of GDP
Unit: % of GDP
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 191 places, 9,006 data points, 1960–2025
Last refreshed: 28 August 2026

Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.