Exports of goods and services (constant 2015 US$), per unit of GDP in Iceland
Iceland: Exports of goods and services (constant 2015 US$), per unit of GDP was 0.274 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
0.274 constant 2015 US$ per US$ of GDP
Change on year
down 13.1%
World rank
92nd
of 172 countries
All-time high
2.6 constant 2015 US$ per US$ of GDP
in 1970
All-time low
0.274 constant 2015 US$ per US$ of GDP
in 2025
Years of data
56
1970–2025
Exports of goods and services (constant 2015 US$), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Iceland recorded 0.274 constant 2015 US$ per US$ of GDP for exports of goods and services (constant 2015 us$), per unit of gdp in 2025. That is the lowest value across all 56 years on record.
The figure is down 13.1% on the previous year and down 46.6% over ten years.
Over the whole period, exports of goods and services (constant 2015 us$), per unit of gdp in Iceland peaked at 2.6 constant 2015 US$ per US$ of GDP in 1970 and was at its lowest, 0.274 constant 2015 US$ per US$ of GDP, in 2025.
Iceland ranks 92nd of 172 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.
Exports of goods and services (constant 2015 US$), per unit of GDP in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 2.6 constant 2015 US$ per US$ of GDP | — |
| 1971 | 1.87 constant 2015 US$ per US$ of GDP | -27.9% |
| 1972 | 1.71 constant 2015 US$ per US$ of GDP | -8.6% |
| 1973 | 1.35 constant 2015 US$ per US$ of GDP | -21.0% |
| 1974 | 1 constant 2015 US$ per US$ of GDP | -25.8% |
| 1975 | 1.11 constant 2015 US$ per US$ of GDP | +10.5% |
| 1976 | 1.06 constant 2015 US$ per US$ of GDP | -4.7% |
| 1977 | 0.8699 constant 2015 US$ per US$ of GDP | -17.7% |
| 1978 | 0.8808 constant 2015 US$ per US$ of GDP | +1.3% |
| 1979 | 0.824 constant 2015 US$ per US$ of GDP | -6.5% |
| 1980 | 0.7141 constant 2015 US$ per US$ of GDP | -13.3% |
| 1981 | 0.7131 constant 2015 US$ per US$ of GDP | -0.1% |
| 1982 | 0.7074 constant 2015 US$ per US$ of GDP | -0.8% |
| 1983 | 0.9103 constant 2015 US$ per US$ of GDP | +28.7% |
| 1984 | 0.9001 constant 2015 US$ per US$ of GDP | -1.1% |
| 1985 | 0.9595 constant 2015 US$ per US$ of GDP | +6.6% |
| 1986 | 0.7604 constant 2015 US$ per US$ of GDP | -20.8% |
| 1987 | 0.5675 constant 2015 US$ per US$ of GDP | -25.4% |
| 1988 | 0.4945 constant 2015 US$ per US$ of GDP | -12.9% |
| 1989 | 0.548 constant 2015 US$ per US$ of GDP | +10.8% |
| 1990 | 0.4804 constant 2015 US$ per US$ of GDP | -12.3% |
| 1991 | 0.4232 constant 2015 US$ per US$ of GDP | -11.9% |
| 1992 | 0.4048 constant 2015 US$ per US$ of GDP | -4.4% |
| 1993 | 0.4909 constant 2015 US$ per US$ of GDP | +21.3% |
| 1994 | 0.5221 constant 2015 US$ per US$ of GDP | +6.4% |
| 1995 | 0.4576 constant 2015 US$ per US$ of GDP | -12.4% |
| 1996 | 0.4744 constant 2015 US$ per US$ of GDP | +3.7% |
| 1997 | 0.4952 constant 2015 US$ per US$ of GDP | +4.4% |
| 1998 | 0.4489 constant 2015 US$ per US$ of GDP | -9.4% |
| 1999 | 0.4393 constant 2015 US$ per US$ of GDP | -2.1% |
| 2000 | 0.4552 constant 2015 US$ per US$ of GDP | +3.6% |
| 2001 | 0.5335 constant 2015 US$ per US$ of GDP | +17.2% |
| 2002 | 0.4884 constant 2015 US$ per US$ of GDP | -8.5% |
| 2003 | 0.4011 constant 2015 US$ per US$ of GDP | -17.9% |
| 2004 | 0.3596 constant 2015 US$ per US$ of GDP | -10.3% |
| 2005 | 0.3145 constant 2015 US$ per US$ of GDP | -12.6% |
| 2006 | 0.2913 constant 2015 US$ per US$ of GDP | -7.4% |
| 2007 | 0.2898 constant 2015 US$ per US$ of GDP | -0.5% |
| 2008 | 0.361 constant 2015 US$ per US$ of GDP | +24.5% |
| 2009 | 0.5382 constant 2015 US$ per US$ of GDP | +49.1% |
| 2010 | 0.5146 constant 2015 US$ per US$ of GDP | -4.4% |
| 2011 | 0.4789 constant 2015 US$ per US$ of GDP | -6.9% |
| 2012 | 0.5088 constant 2015 US$ per US$ of GDP | +6.2% |
| 2013 | 0.4972 constant 2015 US$ per US$ of GDP | -2.3% |
| 2014 | 0.4643 constant 2015 US$ per US$ of GDP | -6.6% |
| 2015 | 0.5133 constant 2015 US$ per US$ of GDP | +10.6% |
| 2016 | 0.4837 constant 2015 US$ per US$ of GDP | -5.8% |
| 2017 | 0.4266 constant 2015 US$ per US$ of GDP | -11.8% |
| 2018 | 0.4096 constant 2015 US$ per US$ of GDP | -4.0% |
| 2019 | 0.4178 constant 2015 US$ per US$ of GDP | +2.0% |
| 2020 | 0.33 constant 2015 US$ per US$ of GDP | -21.0% |
| 2021 | 0.3115 constant 2015 US$ per US$ of GDP | -5.6% |
| 2022 | 0.3531 constant 2015 US$ per US$ of GDP | +13.4% |
| 2023 | 0.3376 constant 2015 US$ per US$ of GDP | -4.4% |
| 2024 | 0.3154 constant 2015 US$ per US$ of GDP | -6.6% |
| 2025 | 0.274 constant 2015 US$ per US$ of GDP | -13.1% |
Iceland compared with similar countries
- Iceland's 0.274 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.3855 constant 2015 US$ per US$ of GDP, 71% of the median. (63 countries reporting)
- Iceland's 0.274 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.3334 constant 2015 US$ per US$ of GDP, 82% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.33 constant 2015 US$ per US$ of GDP | 0.824 constant 2015 US$ per US$ of GDP | 2.6 constant 2015 US$ per US$ of GDP | 10 |
| 1980s | 0.7275 constant 2015 US$ per US$ of GDP | 0.4945 constant 2015 US$ per US$ of GDP | 0.9595 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 0.4637 constant 2015 US$ per US$ of GDP | 0.4048 constant 2015 US$ per US$ of GDP | 0.5221 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 0.4033 constant 2015 US$ per US$ of GDP | 0.2898 constant 2015 US$ per US$ of GDP | 0.5382 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.4715 constant 2015 US$ per US$ of GDP | 0.4096 constant 2015 US$ per US$ of GDP | 0.5146 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.3203 constant 2015 US$ per US$ of GDP | 0.274 constant 2015 US$ per US$ of GDP | 0.3531 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 89 Bosnia and Herzegovina 0.277 constant 2015 US$ per US$ of GDP compare
- 90 Spain 0.2754 constant 2015 US$ per US$ of GDP compare
- 91 Madagascar 0.2748 constant 2015 US$ per US$ of GDP compare
- 93 Equatorial Guinea 0.2739 constant 2015 US$ per US$ of GDP compare
- 94 Rwanda 0.2687 constant 2015 US$ per US$ of GDP compare
- 95 Romania 0.2669 constant 2015 US$ per US$ of GDP 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is exports of goods and services (constant 2015 us$), per unit of gdp in Iceland?
- Exports of goods and services (constant 2015 us$), per unit of gdp in Iceland was 0.274 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest exports of goods and services (constant 2015 us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 2.6 constant 2015 US$ per US$ of GDP in 1970.
- What is the lowest exports of goods and services (constant 2015 us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.274 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for exports of goods and services (constant 2015 us$), per unit of gdp?
- Iceland ranks 92nd out of 172 countries with data for 2025.
- Is exports of goods and services (constant 2015 us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 46.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Exports of goods and services (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods and services (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Exports of goods and services Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods and services (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.