Exports of goods and services in Iceland
Iceland: Exports of goods and services was 40.1% in 2025. ▲ Rising
Exports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Iceland recorded 40.1% for exports of goods and services 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 in Iceland peaked at 54.2% in 2012 and was at its lowest, 28.8%, in 1992.
That places Iceland 87th 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 in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 42.8% | — |
| 1971 | 35.6% | -16.8% |
| 1972 | 33.3% | -6.5% |
| 1973 | 33.9% | +1.6% |
| 1974 | 29.9% | -11.7% |
| 1975 | 31.7% | +6.0% |
| 1976 | 32.9% | +3.8% |
| 1977 | 31.3% | -4.7% |
| 1978 | 34.8% | +10.9% |
| 1979 | 36.1% | +3.9% |
| 1980 | 33.8% | -6.5% |
| 1981 | 33.0% | -2.5% |
| 1982 | 30.6% | -7.0% |
| 1983 | 37.8% | +23.3% |
| 1984 | 36.2% | -4.2% |
| 1985 | 38.3% | +5.9% |
| 1986 | 36.7% | -4.1% |
| 1987 | 32.6% | -11.2% |
| 1988 | 30.2% | -7.4% |
| 1989 | 31.9% | +5.6% |
| 1990 | 32.0% | +0.3% |
| 1991 | 29.8% | -7.0% |
| 1992 | 28.8% | -3.2% |
| 1993 | 31.2% | +8.2% |
| 1994 | 34.0% | +9.1% |
| 1995 | 33.8% | -0.7% |
| 1996 | 34.6% | +2.3% |
| 1997 | 34.9% | +0.8% |
| 1998 | 33.2% | -4.6% |
| 1999 | 32.0% | -3.7% |
| 2000 | 31.7% | -0.9% |
| 2001 | 36.5% | +15.2% |
| 2002 | 35.1% | -3.8% |
| 2003 | 32.2% | -8.3% |
| 2004 | 32.1% | -0.5% |
| 2005 | 29.8% | -7.0% |
| 2006 | 30.1% | +0.7% |
| 2007 | 32.4% | +7.8% |
| 2008 | 39.9% | +23.3% |
| 2009 | 48.5% | +21.5% |
| 2010 | 51.1% | +5.5% |
| 2011 | 54.0% | +5.5% |
| 2012 | 54.2% | +0.4% |
| 2013 | 52.8% | -2.5% |
| 2014 | 50.9% | -3.6% |
| 2015 | 51.3% | +0.8% |
| 2016 | 47.5% | -7.5% |
| 2017 | 45.7% | -3.8% |
| 2018 | 46.5% | +1.8% |
| 2019 | 44.7% | -3.8% |
| 2020 | 34.1% | -23.7% |
| 2021 | 37.4% | +9.5% |
| 2022 | 46.7% | +25.1% |
| 2023 | 44.0% | -5.9% |
| 2024 | 42.5% | -3.5% |
| 2025 | 40.1% | -5.5% |
Iceland compared with similar countries
- Iceland's 40.1% is below the median for high income countries, which is 52.0%, 77% of the median. (72 countries reporting)
- Iceland's 40.1% is below the median for Europe & Central Asia, which is 46.4%, 86% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.2% | 29.9% | 42.8% | 10 |
| 1980s | 34.1% | 30.2% | 38.3% | 10 |
| 1990s | 32.4% | 28.8% | 34.9% | 10 |
| 2000s | 34.8% | 29.8% | 48.5% | 10 |
| 2010s | 49.9% | 44.7% | 54.2% | 10 |
| 2020s | 40.8% | 34.1% | 46.7% | 6 |
Countries ranked near Iceland
- 84 Greenland 40.8% compare
- 85 Solomon Islands 40.6% compare
- 86 Germany 40.4% compare
- 88 Montenegro 40.1% compare
- 89 Mauritania 39.9% compare
- 90 Iraq 39.8% 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 in Iceland?
- Exports of goods and services in Iceland was 40.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest exports of goods and services recorded in Iceland?
- The highest recorded value was 54.2% in 2012.
- What is the lowest exports of goods and services recorded in Iceland?
- The lowest recorded value was 28.8% in 1992.
- How does Iceland rank for exports of goods and services?
- Iceland ranks 87th out of 193 countries with data for 2025.
- Is exports of goods and services 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 Country official statistics, National Statistical Offices (NSOs), published as part of Exports of goods and services (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.