External balance on goods and services in Iceland
Iceland: External balance on goods and services was -112.00 billion current LCU in 2025. ◆ Volatile
External balance on goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Iceland recorded -112.00 billion current LCU for external balance on goods and services in 2025.
That represents a change of down 93.1% on the previous year and down 161.6% over ten years.
Over the whole period, external balance on goods and services in Iceland peaked at 183.85 billion current LCU in 2016 and was at its lowest, -205.00 billion current LCU, in 2006.
That places Iceland 136th out of 192 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -12.87 million current LCU | -180.80 million current LCU | 191.90 million current LCU | 10 |
| 1980s | 689.28 million current LCU | -2.59 billion current LCU | 6.86 billion current LCU | 10 |
| 1990s | -152.37 million current LCU | -29.34 billion current LCU | 22.22 billion current LCU | 10 |
| 2000s | -47.90 billion current LCU | -205.00 billion current LCU | 130.84 billion current LCU | 10 |
| 2010s | 149.98 billion current LCU | 110.95 billion current LCU | 183.85 billion current LCU | 10 |
| 2020s | -30.52 billion current LCU | -112.00 billion current LCU | 31.06 billion current LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Iceland?
- External balance on goods and services in Iceland was -112.00 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Iceland?
- The highest recorded value was 183.85 billion current LCU in 2016.
- What is the lowest external balance on goods and services recorded in Iceland?
- The lowest recorded value was -205.00 billion current LCU in 2006.
- How does Iceland rank for external balance on goods and services?
- Iceland ranks 136th out of 192 countries with data for 2025.
- Is external balance on goods and services rising or falling in Iceland?
- Over the last ten years it is down 161.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.