Value of imports from China as a share of GDP in Iceland
Iceland: Value of imports from China as a share of GDP was 3.2% in 2024. ◆ Volatile
Value of imports from China as a share of GDP in Iceland, 1965–2024
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. Measured in %.
Analysis
The most recent figure for value of imports from china as a share of gdp in Iceland is 3.2%, measured in 2024. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 22.4% on the previous year and up 45.6% over ten years.
Over the whole period, value of imports from china as a share of gdp in Iceland peaked at 3.2% in 2024 and was at its lowest, 0.0%, in 1966.
That places Iceland 130th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value of imports from China as a share of GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1965 | 0.0% | — |
| 1966 | 0.0% | -16.7% |
| 1967 | 0.0% | +1.2% |
| 1968 | 0.0% | +161.9% |
| 1969 | 0.0% | -19.4% |
| 1970 | 0.0% | -18.9% |
| 1971 | 0.0% | +28.6% |
| 1972 | 0.0% | -21.5% |
| 1973 | 0.0% | -18.7% |
| 1974 | 0.0% | +40.5% |
| 1975 | 0.0% | +11.3% |
| 1976 | 0.0% | -4.4% |
| 1977 | 0.0% | +13.7% |
| 1978 | 0.0% | +0.8% |
| 1979 | 0.0% | +15.2% |
| 1980 | 0.0% | +9.2% |
| 1981 | 0.1% | +11.8% |
| 1982 | 0.0% | -4.1% |
| 1983 | 0.1% | +27.9% |
| 1984 | 0.1% | -12.9% |
| 1985 | 0.1% | -3.2% |
| 1986 | 0.1% | -2.7% |
| 1987 | 0.0% | -6.9% |
| 1988 | 0.1% | +27.6% |
| 1989 | 0.1% | +24.9% |
| 1990 | 0.1% | +45.3% |
| 1991 | 0.1% | +16.0% |
| 1992 | 0.2% | +22.8% |
| 1993 | 0.2% | +33.6% |
| 1994 | 0.3% | +37.2% |
| 1995 | 0.3% | +9.4% |
| 1996 | 0.3% | +8.0% |
| 1997 | 0.4% | +3.2% |
| 1998 | 0.3% | -30.0% |
| 1999 | 0.5% | +85.6% |
| 2000 | 0.5% | +11.6% |
| 2001 | 0.8% | +48.2% |
| 2002 | 0.7% | -8.4% |
| 2003 | 0.9% | +24.2% |
| 2004 | 1.0% | +14.9% |
| 2005 | 1.5% | +48.1% |
| 2006 | 1.8% | +23.1% |
| 2007 | 1.5% | -15.8% |
| 2008 | 2.3% | +49.6% |
| 2009 | 1.4% | -41.1% |
| 2010 | 1.7% | +25.3% |
| 2011 | 2.0% | +15.6% |
| 2012 | 2.3% | +16.3% |
| 2013 | 2.4% | +5.3% |
| 2014 | 2.2% | -8.9% |
| 2015 | 2.4% | +7.3% |
| 2016 | 2.0% | -15.4% |
| 2017 | 1.9% | -3.5% |
| 2018 | 2.5% | +30.3% |
| 2019 | 1.9% | -22.8% |
| 2020 | 1.5% | -23.9% |
| 2021 | 2.6% | +79.6% |
| 2022 | 3.1% | +16.5% |
| 2023 | 2.6% | -15.1% |
| 2024 | 3.2% | +22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.0% | 5 |
| 1970s | 0.0% | 0.0% | 0.0% | 10 |
| 1980s | 0.1% | 0.0% | 0.1% | 10 |
| 1990s | 0.3% | 0.1% | 0.5% | 10 |
| 2000s | 1.2% | 0.5% | 2.3% | 10 |
| 2010s | 2.1% | 1.7% | 2.5% | 10 |
| 2020s | 2.6% | 1.5% | 3.2% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is value of imports from china as a share of gdp in Iceland?
- Value of imports from china as a share of gdp in Iceland was 3.2% in 2024, according to 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.
- What is the highest value of imports from china as a share of gdp recorded in Iceland?
- The highest recorded value was 3.2% in 2024.
- What is the lowest value of imports from china as a share of gdp recorded in Iceland?
- The lowest recorded value was 0.0% in 1966.
- How does Iceland rank for value of imports from china as a share of gdp?
- Iceland ranks 130th out of 198 countries with data for 2024.
- Is value of imports from china as a share of gdp rising or falling in Iceland?
- Over the last ten years it is up 45.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures 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 part of Value of imports from China as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of goods imported from China, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).