Exports of goods and services (current US$), per unit of GDP (US unit) in Iceland
Iceland: Exports of goods and services (current US$), per unit of GDP (US unit) was 0.4011 current US$ per US$ of GDP in 2025. ▲ Rising
Exports of goods and services (current US$), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for exports of goods and services (current us$), per unit of gdp in Iceland is 0.4011 current US$ per US$ of GDP, measured in 2025.
That represents a change of down 5.5% on the previous year and down 21.9% over ten years.
Over the whole period, exports of goods and services (current us$), per unit of gdp in Iceland peaked at 0.5418 current US$ per US$ of GDP in 2012 and was at its lowest, 0.2884 current US$ per US$ of GDP, in 1992.
That places Iceland 86th out of 193 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Exports of goods and services (current US$), per unit of GDP (US unit) in Iceland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.4282 current US$ per US$ of GDP | — |
| 1971 | 0.3563 current US$ per US$ of GDP | -16.8% |
| 1972 | 0.3333 current US$ per US$ of GDP | -6.5% |
| 1973 | 0.3385 current US$ per US$ of GDP | +1.6% |
| 1974 | 0.299 current US$ per US$ of GDP | -11.7% |
| 1975 | 0.3169 current US$ per US$ of GDP | +6.0% |
| 1976 | 0.3288 current US$ per US$ of GDP | +3.8% |
| 1977 | 0.3134 current US$ per US$ of GDP | -4.7% |
| 1978 | 0.3477 current US$ per US$ of GDP | +10.9% |
| 1979 | 0.3612 current US$ per US$ of GDP | +3.9% |
| 1980 | 0.3378 current US$ per US$ of GDP | -6.5% |
| 1981 | 0.3295 current US$ per US$ of GDP | -2.5% |
| 1982 | 0.3063 current US$ per US$ of GDP | -7.0% |
| 1983 | 0.3778 current US$ per US$ of GDP | +23.3% |
| 1984 | 0.3618 current US$ per US$ of GDP | -4.2% |
| 1985 | 0.3831 current US$ per US$ of GDP | +5.9% |
| 1986 | 0.3673 current US$ per US$ of GDP | -4.1% |
| 1987 | 0.3263 current US$ per US$ of GDP | -11.2% |
| 1988 | 0.3023 current US$ per US$ of GDP | -7.4% |
| 1989 | 0.3192 current US$ per US$ of GDP | +5.6% |
| 1990 | 0.3203 current US$ per US$ of GDP | +0.3% |
| 1991 | 0.298 current US$ per US$ of GDP | -7.0% |
| 1992 | 0.2884 current US$ per US$ of GDP | -3.2% |
| 1993 | 0.312 current US$ per US$ of GDP | +8.2% |
| 1994 | 0.3405 current US$ per US$ of GDP | +9.1% |
| 1995 | 0.3382 current US$ per US$ of GDP | -0.7% |
| 1996 | 0.3459 current US$ per US$ of GDP | +2.3% |
| 1997 | 0.3486 current US$ per US$ of GDP | +0.8% |
| 1998 | 0.3324 current US$ per US$ of GDP | -4.6% |
| 1999 | 0.3201 current US$ per US$ of GDP | -3.7% |
| 2000 | 0.3173 current US$ per US$ of GDP | -0.9% |
| 2001 | 0.3655 current US$ per US$ of GDP | +15.2% |
| 2002 | 0.3515 current US$ per US$ of GDP | -3.8% |
| 2003 | 0.3224 current US$ per US$ of GDP | -8.3% |
| 2004 | 0.3209 current US$ per US$ of GDP | -0.5% |
| 2005 | 0.2984 current US$ per US$ of GDP | -7.0% |
| 2006 | 0.3005 current US$ per US$ of GDP | +0.7% |
| 2007 | 0.3238 current US$ per US$ of GDP | +7.8% |
| 2008 | 0.3992 current US$ per US$ of GDP | +23.3% |
| 2009 | 0.4851 current US$ per US$ of GDP | +21.5% |
| 2010 | 0.5115 current US$ per US$ of GDP | +5.5% |
| 2011 | 0.5396 current US$ per US$ of GDP | +5.5% |
| 2012 | 0.5418 current US$ per US$ of GDP | +0.4% |
| 2013 | 0.5282 current US$ per US$ of GDP | -2.5% |
| 2014 | 0.5091 current US$ per US$ of GDP | -3.6% |
| 2015 | 0.5133 current US$ per US$ of GDP | +0.8% |
| 2016 | 0.4749 current US$ per US$ of GDP | -7.5% |
| 2017 | 0.4567 current US$ per US$ of GDP | -3.8% |
| 2018 | 0.4647 current US$ per US$ of GDP | +1.8% |
| 2019 | 0.4471 current US$ per US$ of GDP | -3.8% |
| 2020 | 0.3414 current US$ per US$ of GDP | -23.7% |
| 2021 | 0.3736 current US$ per US$ of GDP | +9.5% |
| 2022 | 0.4673 current US$ per US$ of GDP | +25.1% |
| 2023 | 0.4397 current US$ per US$ of GDP | -5.9% |
| 2024 | 0.4246 current US$ per US$ of GDP | -3.5% |
| 2025 | 0.4011 current US$ per US$ of GDP | -5.5% |
Iceland compared with similar countries
- Iceland's 0.4011 current US$ per US$ of GDP is below the median for high income countries, which is 0.5198 current US$ per US$ of GDP, 77% of the median. (72 countries reporting)
- Iceland's 0.4011 current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.4639 current US$ per US$ of GDP, 86% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3423 current US$ per US$ of GDP | 0.299 current US$ per US$ of GDP | 0.4282 current US$ per US$ of GDP | 10 |
| 1980s | 0.3412 current US$ per US$ of GDP | 0.3023 current US$ per US$ of GDP | 0.3831 current US$ per US$ of GDP | 10 |
| 1990s | 0.3244 current US$ per US$ of GDP | 0.2884 current US$ per US$ of GDP | 0.3486 current US$ per US$ of GDP | 10 |
| 2000s | 0.3484 current US$ per US$ of GDP | 0.2984 current US$ per US$ of GDP | 0.4851 current US$ per US$ of GDP | 10 |
| 2010s | 0.4987 current US$ per US$ of GDP | 0.4471 current US$ per US$ of GDP | 0.5418 current US$ per US$ of GDP | 10 |
| 2020s | 0.408 current US$ per US$ of GDP | 0.3414 current US$ per US$ of GDP | 0.4673 current US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 83 Greenland 0.408 current US$ per US$ of GDP compare
- 84 Solomon Islands 0.4057 current US$ per US$ of GDP compare
- 85 Germany 0.4043 current US$ per US$ of GDP compare
- 87 Montenegro 0.4006 current US$ per US$ of GDP compare
- 88 Mauritania 0.3985 current US$ per US$ of GDP compare
- 89 Iraq 0.3976 current US$ per US$ of GDP compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is exports of goods and services (current us$), per unit of gdp in Iceland?
- Exports of goods and services (current us$), per unit of gdp in Iceland was 0.4011 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest exports of goods and services (current us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 0.5418 current US$ per US$ of GDP in 2012.
- What is the lowest exports of goods and services (current us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.2884 current US$ per US$ of GDP in 1992.
- How does Iceland rank for exports of goods and services (current us$), per unit of gdp?
- Iceland ranks 86th out of 193 countries with data for 2025.
- Is exports of goods and services (current us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 21.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Exports of goods and services (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods and services (current US$) ÷ GDP (current US$)
Computed from
- Exports of goods and services Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods and services (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.