Armenia vs Iceland: External balance on goods and services (current US$), annual growth

Armenia
-120.54 % change on previous year
in 2025
Iceland
-107.38 % change on previous year
in 2025
Armenia rank
184th
Iceland rank
182nd

External balance on goods and services (current US$), annual growth over time

  • Armenia
  • Iceland
-750-500-2500250500197119982025

How they compare

Iceland currently reports -107.38 % change on previous year against -120.54 % change on previous year in Armenia, a difference of 13.16 % change on previous year.

The two have swapped places 15 times across 33 shared years of data; in 1991 it was Armenia ahead.

Armenia ranks 184th and Iceland ranks 182nd of 192 countries.

Across the 4 decades both report, Armenia averaged higher in 1 and Iceland in 3.

Head to head by decade

Decade Armenia Iceland Difference Ahead
1990s -31.48 % change on previous year -26.55 % change on previous year 4.93 % change on previous year Iceland
2000s -19.99 % change on previous year 18.31 % change on previous year 38.3 % change on previous year Iceland
2010s -0.0857 % change on previous year 5.43 % change on previous year 5.52 % change on previous year Iceland
2020s -40.24 % change on previous year -110.63 % change on previous year 70.38 % change on previous year Armenia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services (current us$), annual growth, Armenia or Iceland?
Iceland, at -107.38 % change on previous year against -120.54 % change on previous year in Armenia as of 2025.
What is the difference in external balance on goods and services (current us$), annual growth between Armenia and Iceland?
13.16 % change on previous year, with Iceland ahead.
How many years of comparable data are there for Armenia and Iceland?
33 years are reported by both, from 1991 to 2025.
How do Armenia and Iceland rank globally for external balance on goods and services (current us$), annual growth?
Armenia ranks 184th and Iceland ranks 182nd of 192 countries.
Where does this data come from?
Statizoid (derived), published as External balance on goods and services (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Iceland: External balance on goods and services (current US$), annual growth. Statizoid, drawing on Statizoid (derived). Retrieved 07 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-current-us-annual-growth-rate/armenia/iceland/

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About this data

Indicator
External balance on goods and services (current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
192 places, 8,628 data points, 1961–2025
Last refreshed

The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.