Exports of goods and services in Iceland
Iceland: Exports of goods and services was 1.0% in 2025. ◆ Volatile
Exports of goods and services in Iceland, 1971–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Iceland recorded 1.0% for exports of goods and services in 2025.
That represents a change of up 145.1% on the previous year and down 88.2% over ten years.
Over the whole period, exports of goods and services in Iceland peaked at 26.1% in 2022 and was at its lowest, -30.3%, in 2020.
That places Iceland 126th out of 178 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | -8.2% | — |
| 1972 | 14.5% | -276.2% |
| 1973 | 8.7% | -40.3% |
| 1974 | -2.7% | -130.7% |
| 1975 | 2.6% | -198.4% |
| 1976 | 13.1% | +398.5% |
| 1977 | 8.9% | -31.8% |
| 1978 | 15.2% | +70.0% |
| 1979 | 6.3% | -58.6% |
| 1980 | 2.7% | -56.9% |
| 1981 | 3.2% | +17.2% |
| 1982 | -8.9% | -382.7% |
| 1983 | 11.0% | -223.0% |
| 1984 | 2.4% | -78.1% |
| 1985 | 11.1% | +359.3% |
| 1986 | 5.9% | -46.2% |
| 1987 | 3.3% | -45.1% |
| 1988 | -3.6% | -210.4% |
| 1989 | 2.9% | -181.6% |
| 1990 | -0.0% | -100.9% |
| 1991 | -5.9% | +22885.2% |
| 1992 | -2.0% | -66.5% |
| 1993 | 6.5% | -428.6% |
| 1994 | 9.3% | +42.5% |
| 1995 | -2.3% | -124.7% |
| 1996 | 8.1% | -453.5% |
| 1997 | 4.8% | -40.8% |
| 1998 | 1.5% | -69.3% |
| 1999 | 3.2% | +117.5% |
| 2000 | 4.0% | +24.7% |
| 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 | 3.9% | -85.1% |
| 2024 | -2.2% | -156.7% |
| 2025 | 1.0% | -145.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.5% | -8.2% | 15.2% | 9 |
| 1980s | 3.0% | -8.9% | 11.1% | 10 |
| 1990s | 2.3% | -5.9% | 9.3% | 10 |
| 2000s | 6.1% | -4.5% | 23.6% | 10 |
| 2010s | 4.0% | -4.5% | 12.2% | 10 |
| 2020s | 1.8% | -30.3% | 26.1% | 6 |
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 exports of goods and services in Iceland?
- Exports of goods and services in Iceland was 1.0% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest exports of goods and services recorded in Iceland?
- The highest recorded value was 26.1% in 2022.
- What is the lowest exports of goods and services recorded in Iceland?
- The lowest recorded value was -30.3% in 2020.
- How does Iceland rank for exports of goods and services?
- Iceland ranks 126th out of 178 countries with data for 2025.
- Is exports of goods and services rising or falling in Iceland?
- Over the last ten years it is down 88.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Exports of goods and services (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.