External balance on goods and services (current LCU), annual growth in Iceland
Iceland: External balance on goods and services (current LCU), annual growth was -93.07 % change on previous year in 2025. ◆ Volatile
Latest (2025)
-93.07 % change on previous year
Change on year
up 67.5%
World rank
179th
of 192 countries
All-time high
604.39 % change on previous year
in 1978
All-time low
-628.5 % change on previous year
in 1971
Years of data
51
1971–2025
External balance on goods and services (current LCU), annual growth in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current lcu), annual growth in Iceland is -93.07 % change on previous year, measured in 2025.
The figure is up 67.5% on the previous year and down 392.7% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Iceland peaked at 604.39 % change on previous year in 1978 and was at its lowest, -628.5 % change on previous year, in 1971.
Iceland ranks 179th of 192 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -628.5 % change on previous year | — |
| 1972 | 63.56 % change on previous year | -110.1% |
| 1973 | -58.78 % change on previous year | -192.5% |
| 1974 | -563.9 % change on previous year | +859.3% |
| 1975 | -23.26 % change on previous year | -95.9% |
| 1976 | 104.47 % change on previous year | -549.1% |
| 1977 | -570.4 % change on previous year | -646.0% |
| 1978 | 604.39 % change on previous year | -206.0% |
| 1979 | -45.92 % change on previous year | -107.6% |
| 1980 | -116.08 % change on previous year | +152.8% |
| 1982 | -378.95 % change on previous year | +226.5% |
| 1983 | 173.37 % change on previous year | -145.7% |
| 1984 | -110.48 % change on previous year | -163.7% |
| 1985 | 138 % change on previous year | -224.9% |
| 1987 | -140.08 % change on previous year | -201.5% |
| 1988 | -6.65 % change on previous year | -95.3% |
| 1989 | 365.24 % change on previous year | -5593.7% |
| 1990 | -35.01 % change on previous year | -109.6% |
| 1991 | -221.07 % change on previous year | +531.4% |
| 1992 | 86.48 % change on previous year | -139.1% |
| 1994 | 75.24 % change on previous year | -13.0% |
| 1995 | -28.45 % change on previous year | -137.8% |
| 1996 | -84.7 % change on previous year | +197.7% |
| 1997 | 2.09 % change on previous year | -102.5% |
| 1999 | -11.87 % change on previous year | -668.8% |
| 2000 | -66.36 % change on previous year | +459.1% |
| 2001 | 85.98 % change on previous year | -229.6% |
| 2002 | 299.49 % change on previous year | +248.3% |
| 2003 | -289.76 % change on previous year | -196.8% |
| 2004 | -110.21 % change on previous year | -62.0% |
| 2005 | -128.69 % change on previous year | +16.8% |
| 2006 | -64.6 % change on previous year | -49.8% |
| 2007 | 39.17 % change on previous year | -160.6% |
| 2008 | 73.39 % change on previous year | +87.4% |
| 2009 | 494.35 % change on previous year | +573.6% |
| 2010 | 27.58 % change on previous year | -94.4% |
| 2011 | -16.79 % change on previous year | -160.9% |
| 2012 | -20.12 % change on previous year | +19.8% |
| 2013 | 42.21 % change on previous year | -309.8% |
| 2014 | -12.64 % change on previous year | -129.9% |
| 2015 | 31.8 % change on previous year | -351.6% |
| 2016 | 1.2 % change on previous year | -96.2% |
| 2017 | -27.43 % change on previous year | -2394.0% |
| 2018 | -13.2 % change on previous year | -51.9% |
| 2019 | 49.05 % change on previous year | -471.7% |
| 2020 | -106.53 % change on previous year | -317.2% |
| 2021 | -344.1 % change on previous year | +223.0% |
| 2022 | 134.27 % change on previous year | -139.0% |
| 2023 | 81.18 % change on previous year | -39.5% |
| 2024 | -286.76 % change on previous year | -453.2% |
| 2025 | -93.07 % change on previous year | -67.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -124.26 % change on previous year | -628.5 % change on previous year | 604.39 % change on previous year | 9 |
| 1980s | -9.45 % change on previous year | -378.95 % change on previous year | 365.24 % change on previous year | 8 |
| 1990s | -27.16 % change on previous year | -221.07 % change on previous year | 86.48 % change on previous year | 8 |
| 2000s | 33.28 % change on previous year | -289.76 % change on previous year | 494.35 % change on previous year | 10 |
| 2010s | 6.17 % change on previous year | -27.43 % change on previous year | 49.05 % change on previous year | 10 |
| 2020s | -102.5 % change on previous year | -344.1 % change on previous year | 134.27 % change on previous year | 6 |
Countries ranked near Iceland
- 176 United Kingdom of Great Britain and Northern Ireland -82.76 % change on previous year compare
- 177 Turkmenistan -86.37 % change on previous year compare
- 178 Yemen -89.15 % change on previous year compare
- 180 Algeria -112 % change on previous year compare
- 181 Armenia -117.32 % change on previous year compare
- 182 Iran, Islamic Republic of -120.39 % change on previous year 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -1.24 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Iceland?
- External balance on goods and services (current lcu), annual growth in Iceland was -93.07 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Iceland?
- The highest recorded value was 604.39 % change on previous year in 1978.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Iceland?
- The lowest recorded value was -628.5 % change on previous year in 1971.
- How does Iceland rank for external balance on goods and services (current lcu), annual growth?
- Iceland ranks 179th out of 192 countries with data for 2025.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Iceland?
- Over the last ten years it is down 392.7%. 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 External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services 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
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.