Iceland vs United States of America: External balance on goods and services
External balance on goods and services over time
- Iceland
- United States of America
How they compare
Iceland currently reports -2.3% against -3.1% in United States of America, a difference of 0.8%.
The two have swapped places 10 times across 55 shared years of data; in 1970 it was Iceland ahead.
Iceland ranks 95th and United States of America ranks 98th of 193 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and United States of America in 2.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -2.3% | -0.2% | 2.1% | United States of America |
| 1980s | -0.1% | -1.8% | 1.7% | Iceland |
| 1990s | 0.3% | -1.3% | 1.6% | Iceland |
| 2000s | -4.6% | -4.5% | 0.0% | United States of America |
| 2010s | 6.8% | -3.0% | 9.8% | Iceland |
| 2020s | -0.4% | -3.2% | 2.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Iceland or United States of America?
- Iceland, at -2.3% against -3.1% in United States of America as of 2025.
- What is the difference in external balance on goods and services between Iceland and United States of America?
- 0.8%, with Iceland ahead.
- How many years of comparable data are there for Iceland and United States of America?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and United States of America rank globally for external balance on goods and services?
- Iceland ranks 95th and United States of America ranks 98th of 193 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.