Annual growth of exports of goods and services (%) in Iceland
Iceland: Annual growth of exports of goods and services (%) was -2.3% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of exports of goods and services in Iceland stood at -2.3%.
Compared with earlier readings it is down 149.6% on the previous year and down 161.7% over ten years.
Over the whole period, annual growth of exports of goods and services in Iceland peaked at 26.1% in 2022 and was at its lowest, -30.3%, in 2020.
Iceland ranks 152nd of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 6.7% | +69.0% |
| 2002 | 3.6% | -47.0% |
| 2003 | 0.9% | -75.9% |
| 2004 | 8.3% | +860.8% |
| 2005 | 7.4% | -10.7% |
| 2006 | -4.5% | -161.2% |
| 2007 | 23.6% | -622.9% |
| 2008 | 3.5% | -85.2% |
| 2009 | 8.0% | +127.7% |
| 2010 | 0.8% | -90.5% |
| 2011 | 2.9% | +287.5% |
| 2012 | 3.1% | +7.3% |
| 2013 | 6.2% | +99.1% |
| 2014 | 3.8% | -39.5% |
| 2015 | 8.4% | +123.4% |
| 2016 | 12.2% | +45.5% |
| 2017 | 4.8% | -60.6% |
| 2018 | 2.2% | -54.3% |
| 2019 | -4.5% | -302.3% |
| 2020 | -30.3% | +580.5% |
| 2021 | 12.4% | -140.8% |
| 2022 | 26.1% | +110.3% |
| 2023 | 4.7% | -82.0% |
| 2024 | -2.3% | -149.6% |
Iceland compared with similar countries
- Iceland's -2.3% is below the median for high income countries, which is 2.1%. (59 countries reporting)
- Iceland's -2.3% is below the median for Europe & Central Asia, which is 1.2%. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.1% | -4.5% | 23.6% | 10 |
| 2010s | 4.0% | -4.5% | 12.2% | 10 |
| 2020s | 2.1% | -30.3% | 26.1% | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Iceland?
- Annual growth of exports of goods and services in Iceland was -2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Iceland?
- The highest recorded value was 26.1% in 2022.
- What is the lowest annual growth of exports of goods and services recorded in Iceland?
- The lowest recorded value was -30.3% in 2020.
- How does Iceland rank for annual growth of exports of goods and services?
- Iceland ranks 152nd out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Iceland?
- Over the last ten years it is down 161.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
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