Iceland vs Palau: Trade in services (% of GDP)
Iceland
36.8%
in 2025
Palau
38.0%
in 2023
Iceland rank
51st
Palau rank
48th
Trade in services (% of GDP) over time
- Iceland
- Palau
How they compare
Palau currently reports 38.0% against 36.8% in Iceland, a difference of 1.2%.
The two have swapped places 2 times across 19 shared years of data; in 2005 it was Palau ahead.
Iceland ranks 51st and Palau ranks 48th of 200 countries.
Palau has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 28.8% | 59.6% | 30.8% | Palau |
| 2010s | 40.0% | 68.7% | 28.6% | Palau |
| 2020s | 30.6% | 35.7% | 5.1% | Palau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade in services, Iceland or Palau?
- Palau, at 38.0% against 36.8% in Iceland as of 2023.
- What is the difference in trade in services between Iceland and Palau?
- 1.2%, with Palau ahead.
- How many years of comparable data are there for Iceland and Palau?
- 19 years are reported by both, from 2005 to 2023.
- How do Iceland and Palau rank globally for trade in services?
- Iceland ranks 51st and Palau ranks 48th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Trade in services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.