Iceland vs Nepal: Value of imported goods as a share of GDP

Iceland
29.6%
in 2024
Nepal
29.1%
in 2024
Iceland rank
109th
Nepal rank
112th

Value of imported goods as a share of GDP over time

  • Iceland
  • Nepal
10203040196019922024

How they compare

Iceland currently reports 29.6% against 29.1% in Nepal, a difference of 0.5%.

The two have swapped places 10 times across 44 shared years of data; in 1981 it was Iceland ahead.

Iceland ranks 109th and Nepal ranks 112th of 201 countries.

Across the 5 decades both report, Iceland averaged higher in 3 and Nepal in 2.

Head to head by decade

Decade Iceland Nepal Difference Ahead
1980s 23.2% 10.9% 12.3% Iceland
1990s 24.4% 20.5% 3.9% Iceland
2000s 28.5% 25.9% 2.7% Iceland
2010s 29.1% 32.1% 3.0% Nepal
2020s 28.4% 32.8% 4.3% Nepal

Averages of every year both report within each decade.

Frequently asked questions

Which has higher value of imported goods as a share of gdp, Iceland or Nepal?
Iceland, at 29.6% against 29.1% in Nepal as of 2024.
What is the difference in value of imported goods as a share of gdp between Iceland and Nepal?
0.5%, with Iceland ahead.
How many years of comparable data are there for Iceland and Nepal?
44 years are reported by both, from 1981 to 2024.
How do Iceland and Nepal rank globally for value of imported goods as a share of gdp?
Iceland ranks 109th and Nepal ranks 112th of 201 countries.
Where does this data come from?
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as Value of imported goods as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Nepal: Value of imported goods as a share of GDP. Statizoid, drawing on International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Retrieved 14 September 2026, from https://economy.statizoid.com/compare/merchandise-imports-as-a-share-of-countrys-gdp/iceland/nepal/

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About this data

Indicator
Value of imported goods as a share of GDP
Unit
%
Source
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
201 places, 10,161 data points, 1960–2024
Last refreshed

Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).