Economic Outlook 119 — Contribution to world trade growth, goods and in Iceland
Iceland: Economic Outlook 119 — Contribution to world trade growth, goods and was 0.0012 in 2027. ◆ Volatile
Economic Outlook 119 — Contribution to world trade growth, goods and in Iceland, 1981–2027
Source: Organisation for Economic Co-operation and Development.
Analysis
Iceland recorded 0.0012 for economic outlook 119 — contribution to world trade growth, goods and in 2027.
That represents a change of up 454.0% on the previous year and down 68.0% over ten years.
Over the whole period, economic outlook 119 — contribution to world trade growth, goods and in Iceland peaked at 0.011 in 1987 and was at its lowest, -0.011, in 2020.
That places Iceland 40th out of 40 countries with data for 2027, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook 119 — Contribution to world trade growth, goods and in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1981 | 0.0043 | — |
| 1982 | -0.0038 | -187.6% |
| 1983 | -0.0004 | -90.5% |
| 1984 | 0.0047 | -1384.9% |
| 1985 | 0.008 | +71.5% |
| 1986 | 0.0028 | -64.9% |
| 1987 | 0.011 | +291.6% |
| 1988 | -0.0037 | -133.4% |
| 1989 | -0.0033 | -9.7% |
| 1990 | 0.0003 | -110.3% |
| 1991 | -0.0001 | -137.2% |
| 1992 | -0.0026 | +1923.2% |
| 1993 | -0.0005 | -80.0% |
| 1994 | 0.0036 | -793.9% |
| 1995 | 0.0003 | -91.7% |
| 1996 | 0.0056 | +1786.8% |
| 1997 | 0.003 | -46.0% |
| 1998 | 0.006 | +97.4% |
| 1999 | 0.0017 | -70.7% |
| 2000 | 0.0032 | +83.4% |
| 2001 | -0.0014 | -143.2% |
| 2002 | 0.0001 | -108.3% |
| 2003 | 0.0026 | +2184.3% |
| 2004 | 0.0054 | +105.1% |
| 2005 | 0.0086 | +60.8% |
| 2006 | 0.002 | -76.6% |
| 2007 | 0.0036 | +78.0% |
| 2008 | -0.0048 | -234.3% |
| 2009 | -0.0027 | -44.1% |
| 2010 | 0.0006 | -122.8% |
| 2011 | 0.0018 | +191.2% |
| 2012 | 0.0014 | -22.6% |
| 2013 | 0.0013 | -4.2% |
| 2014 | 0.0025 | +85.3% |
| 2015 | 0.0041 | +66.1% |
| 2016 | 0.0056 | +38.1% |
| 2017 | 0.0039 | -31.5% |
| 2018 | 0.0007 | -82.3% |
| 2019 | -0.0031 | -552.6% |
| 2020 | -0.011 | +254.7% |
| 2021 | 0.0056 | -151.1% |
| 2022 | 0.0088 | +57.4% |
| 2023 | 0.0004 | -95.4% |
| 2024 | 0.0004 | -4.4% |
| 2025 | 0.0017 | +335.2% |
| 2026 | -0.0003 | -120.6% |
| 2027 | 0.0012 | -454.0% |
Iceland compared with similar countries
- Iceland's 0.0012 is below the median for high income countries, which is 0.0169, 7% of the median. (30 countries reporting)
- Iceland's 0.0012 is below the median for Europe & Central Asia, which is 0.016, 8% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook 119 — Contribution to world trade growth, goods and 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 |
|---|---|---|---|
| 2003 | +2184.3% | 0.0001 | 0.0026 |
| 1992 | -1923.2% | -0.0001 | -0.0026 |
| 1996 | +1786.8% | 0.0003 | 0.0056 |
| 1984 | +1384.9% | -0.0004 | 0.0047 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0022 | -0.0038 | 0.011 | 9 |
| 1990s | 0.0017 | -0.0026 | 0.006 | 10 |
| 2000s | 0.0017 | -0.0048 | 0.0086 | 10 |
| 2010s | 0.0019 | -0.0031 | 0.0056 | 10 |
| 2020s | 0.0009 | -0.011 | 0.0088 | 8 |
Countries ranked near Iceland
- 37 Costa Rica 0.006 compare
- 38 Bulgaria 0.0045 compare
- 39 New Zealand 0.0039 compare
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 economic outlook 119 — contribution to world trade growth, goods and in Iceland?
- Economic outlook 119 — contribution to world trade growth, goods and in Iceland was 0.0012 in 2027, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook 119 — contribution to world trade growth, goods and recorded in Iceland?
- The highest recorded value was 0.011 in 1987.
- What is the lowest economic outlook 119 — contribution to world trade growth, goods and recorded in Iceland?
- The lowest recorded value was -0.011 in 2020.
- How does Iceland rank for economic outlook 119 — contribution to world trade growth, goods and?
- Iceland ranks 40th out of 40 countries with data for 2027.
- Is economic outlook 119 — contribution to world trade growth, goods and rising or falling in Iceland?
- Over the last ten years it is down 68.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook 119 — Contribution to world trade growth, goods and services (in USD, OECD reference year prices). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2026), OECD Economic Outlook No 119 (Edition 2026/1) EO119 Database documentation EO119 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP