Annual growth of imports of goods and services in Iceland
Iceland: Annual growth of imports of goods and services was 4.0% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of imports of goods and services in Iceland stood at 4.0%.
Compared with earlier readings it is up 296.8% on the previous year and down 60.3% over ten years.
Over the whole period, annual growth of imports of goods and services in Iceland peaked at 27.8% in 2005 and was at its lowest, -20.7%, in 2009.
Iceland ranks 96th of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.8% | — |
| 2001 | -10.0% | -227.9% |
| 2002 | -2.7% | -72.6% |
| 2003 | 10.3% | -475.6% |
| 2004 | 14.6% | +42.6% |
| 2005 | 27.8% | +90.3% |
| 2006 | 9.8% | -64.7% |
| 2007 | -2.3% | -123.0% |
| 2008 | -20.3% | +797.6% |
| 2009 | -20.7% | +1.8% |
| 2010 | 2.3% | -111.2% |
| 2011 | 6.8% | +194.1% |
| 2012 | 4.3% | -37.0% |
| 2013 | 0.0% | -99.9% |
| 2014 | 10.0% | +257899.8% |
| 2015 | 13.0% | +29.5% |
| 2016 | 14.8% | +14.3% |
| 2017 | 12.4% | -16.4% |
| 2018 | 0.6% | -95.3% |
| 2019 | -9.1% | -1660.3% |
| 2020 | -20.2% | +121.7% |
| 2021 | 20.3% | -200.2% |
| 2022 | 22.6% | +11.6% |
| 2023 | -2.0% | -108.9% |
| 2024 | 4.0% | -296.8% |
Iceland compared with similar countries
- Iceland's 4.0% is above the median for high income countries, which is 2.5%, 1.6× the median. (59 countries reporting)
- Iceland's 4.0% is above the median for Europe & Central Asia, which is 2.6%, 1.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +257899.8% | 0.0% | 10.0% |
| 2019 | -1660.3% | 0.6% | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | -20.7% | 27.8% | 10 |
| 2010s | 5.5% | -9.1% | 14.8% | 10 |
| 2020s | 4.9% | -20.2% | 22.6% | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Iceland?
- Annual growth of imports of goods and services in Iceland was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of imports of goods and services recorded in Iceland?
- The highest recorded value was 27.8% in 2005.
- What is the lowest annual growth of imports of goods and services recorded in Iceland?
- The lowest recorded value was -20.7% in 2009.
- How does Iceland rank for annual growth of imports of goods and services?
- Iceland ranks 96th out of 186 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Iceland?
- Over the last ten years it is down 60.3%. 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 imports of goods and services (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).