Iceland vs Panama: Trade
Iceland
82.5%
in 2025
Panama
83.7%
in 2024
Iceland rank
97th
Panama rank
94th
Trade over time
- Iceland
- Panama
How they compare
Panama currently reports 83.7% against 82.5% in Iceland, a difference of 1.2%.
The two have swapped places 3 times across 55 shared years of data; in 1970 it was Panama ahead.
Iceland ranks 97th and Panama ranks 94th of 193 countries.
Panama has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 70.8% | 129.3% | 58.5% | Panama |
| 1980s | 68.3% | 107.0% | 38.7% | Panama |
| 1990s | 64.6% | 146.7% | 82.1% | Panama |
| 2000s | 74.2% | 137.4% | 63.1% | Panama |
| 2010s | 93.0% | 113.6% | 20.7% | Panama |
| 2020s | 82.3% | 82.9% | 0.6% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade, Iceland or Panama?
- Panama, at 83.7% against 82.5% in Iceland as of 2024.
- What is the difference in trade between Iceland and Panama?
- 1.2%, with Panama ahead.
- How many years of comparable data are there for Iceland and Panama?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and Panama rank globally for trade?
- Iceland ranks 97th and Panama ranks 94th of 193 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Trade is the sum of 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.