Exports of goods and services (constant LCU), per unit of GDP in Iceland
Iceland: Exports of goods and services (constant LCU), per unit of GDP was 38.38 constant LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
38.38 constant LCU per US$ of GDP
Change on year
down 13.1%
World rank
41st
of 179 countries
All-time high
363.85 constant LCU per US$ of GDP
in 1970
All-time low
38.38 constant LCU per US$ of GDP
in 2025
Years of data
56
1970–2025
Exports of goods and services (constant LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for exports of goods and services (constant lcu), per unit of gdp in Iceland is 38.38 constant LCU per US$ of GDP, measured in 2025. That is the lowest value across all 56 years on record.
Compared with earlier readings it 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 lcu), per unit of gdp in Iceland peaked at 363.85 constant LCU per US$ of GDP in 1970 and was at its lowest, 38.38 constant LCU per US$ of GDP, in 2025.
That places Iceland 41st out of 179 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (constant LCU), per unit of GDP in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 363.85 constant LCU per US$ of GDP | — |
| 1971 | 262.38 constant LCU per US$ of GDP | -27.9% |
| 1972 | 239.83 constant LCU per US$ of GDP | -8.6% |
| 1973 | 189.55 constant LCU per US$ of GDP | -21.0% |
| 1974 | 140.57 constant LCU per US$ of GDP | -25.8% |
| 1975 | 155.37 constant LCU per US$ of GDP | +10.5% |
| 1976 | 148.03 constant LCU per US$ of GDP | -4.7% |
| 1977 | 121.88 constant LCU per US$ of GDP | -17.7% |
| 1978 | 123.4 constant LCU per US$ of GDP | +1.3% |
| 1979 | 115.44 constant LCU per US$ of GDP | -6.5% |
| 1980 | 100.04 constant LCU per US$ of GDP | -13.3% |
| 1981 | 99.91 constant LCU per US$ of GDP | -0.1% |
| 1982 | 99.1 constant LCU per US$ of GDP | -0.8% |
| 1983 | 127.53 constant LCU per US$ of GDP | +28.7% |
| 1984 | 126.11 constant LCU per US$ of GDP | -1.1% |
| 1985 | 134.43 constant LCU per US$ of GDP | +6.6% |
| 1986 | 106.53 constant LCU per US$ of GDP | -20.8% |
| 1987 | 79.5 constant LCU per US$ of GDP | -25.4% |
| 1988 | 69.28 constant LCU per US$ of GDP | -12.9% |
| 1989 | 76.78 constant LCU per US$ of GDP | +10.8% |
| 1990 | 67.31 constant LCU per US$ of GDP | -12.3% |
| 1991 | 59.29 constant LCU per US$ of GDP | -11.9% |
| 1992 | 56.71 constant LCU per US$ of GDP | -4.4% |
| 1993 | 68.78 constant LCU per US$ of GDP | +21.3% |
| 1994 | 73.15 constant LCU per US$ of GDP | +6.4% |
| 1995 | 64.11 constant LCU per US$ of GDP | -12.4% |
| 1996 | 66.47 constant LCU per US$ of GDP | +3.7% |
| 1997 | 69.37 constant LCU per US$ of GDP | +4.4% |
| 1998 | 62.89 constant LCU per US$ of GDP | -9.4% |
| 1999 | 61.55 constant LCU per US$ of GDP | -2.1% |
| 2000 | 63.77 constant LCU per US$ of GDP | +3.6% |
| 2001 | 74.74 constant LCU per US$ of GDP | +17.2% |
| 2002 | 68.43 constant LCU per US$ of GDP | -8.5% |
| 2003 | 56.19 constant LCU per US$ of GDP | -17.9% |
| 2004 | 50.38 constant LCU per US$ of GDP | -10.3% |
| 2005 | 44.06 constant LCU per US$ of GDP | -12.6% |
| 2006 | 40.82 constant LCU per US$ of GDP | -7.4% |
| 2007 | 40.6 constant LCU per US$ of GDP | -0.5% |
| 2008 | 50.57 constant LCU per US$ of GDP | +24.5% |
| 2009 | 75.4 constant LCU per US$ of GDP | +49.1% |
| 2010 | 72.09 constant LCU per US$ of GDP | -4.4% |
| 2011 | 67.1 constant LCU per US$ of GDP | -6.9% |
| 2012 | 71.28 constant LCU per US$ of GDP | +6.2% |
| 2013 | 69.66 constant LCU per US$ of GDP | -2.3% |
| 2014 | 65.05 constant LCU per US$ of GDP | -6.6% |
| 2015 | 71.92 constant LCU per US$ of GDP | +10.6% |
| 2016 | 67.77 constant LCU per US$ of GDP | -5.8% |
| 2017 | 59.77 constant LCU per US$ of GDP | -11.8% |
| 2018 | 57.38 constant LCU per US$ of GDP | -4.0% |
| 2019 | 58.54 constant LCU per US$ of GDP | +2.0% |
| 2020 | 46.23 constant LCU per US$ of GDP | -21.0% |
| 2021 | 43.64 constant LCU per US$ of GDP | -5.6% |
| 2022 | 49.47 constant LCU per US$ of GDP | +13.4% |
| 2023 | 47.29 constant LCU per US$ of GDP | -4.4% |
| 2024 | 44.19 constant LCU per US$ of GDP | -6.6% |
| 2025 | 38.38 constant LCU per US$ of GDP | -13.1% |
Iceland compared with similar countries
- Iceland's 38.38 constant LCU per US$ of GDP is above the median for high income countries, which is 0.567 constant LCU per US$ of GDP, 67.7× the median. (63 countries reporting)
- Iceland's 38.38 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.6646 constant LCU per US$ of GDP, 57.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 186.03 constant LCU per US$ of GDP | 115.44 constant LCU per US$ of GDP | 363.85 constant LCU per US$ of GDP | 10 |
| 1980s | 101.92 constant LCU per US$ of GDP | 69.28 constant LCU per US$ of GDP | 134.43 constant LCU per US$ of GDP | 10 |
| 1990s | 64.96 constant LCU per US$ of GDP | 56.71 constant LCU per US$ of GDP | 73.15 constant LCU per US$ of GDP | 10 |
| 2000s | 56.5 constant LCU per US$ of GDP | 40.6 constant LCU per US$ of GDP | 75.4 constant LCU per US$ of GDP | 10 |
| 2010s | 66.06 constant LCU per US$ of GDP | 57.38 constant LCU per US$ of GDP | 72.09 constant LCU per US$ of GDP | 10 |
| 2020s | 44.87 constant LCU per US$ of GDP | 38.38 constant LCU per US$ of GDP | 49.47 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 38 Cameroon 57.79 constant LCU per US$ of GDP compare
- 39 Central African Republic 54.41 constant LCU per US$ of GDP compare
- 40 Serbia 46 constant LCU per US$ of GDP compare
- 42 Cape Verde 31.32 constant LCU per US$ of GDP compare
- 43 Comoros 30.53 constant LCU per US$ of GDP compare
- 44 Vanuatu 30.21 constant LCU 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is exports of goods and services (constant lcu), per unit of gdp in Iceland?
- Exports of goods and services (constant lcu), per unit of gdp in Iceland was 38.38 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest exports of goods and services (constant lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 363.85 constant LCU per US$ of GDP in 1970.
- What is the lowest exports of goods and services (constant lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 38.38 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for exports of goods and services (constant lcu), per unit of gdp?
- Iceland ranks 41st out of 179 countries with data for 2025.
- Is exports of goods and services (constant lcu), 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods and services (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.