Imports of goods and services in Iceland
Iceland: Imports of goods and services was 7.2% in 2025. ◆ Volatile
Imports of goods and services in Iceland, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for imports of goods and services in Iceland is 7.2%, measured in 2025.
Compared with earlier readings it is up 71.6% on the previous year and down 44.9% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 27.8% in 2005 and was at its lowest, -20.7%, in 2009.
Iceland ranks 60th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 24.6% | — |
| 1972 | 0.5% | -97.9% |
| 1973 | 20.3% | +3859.8% |
| 1974 | 12.5% | -38.4% |
| 1975 | -12.8% | -201.9% |
| 1976 | -3.6% | -71.4% |
| 1977 | 20.6% | -664.1% |
| 1978 | 3.6% | -82.3% |
| 1979 | 2.5% | -32.3% |
| 1980 | 3.0% | +21.3% |
| 1981 | 7.1% | +138.0% |
| 1982 | -0.6% | -108.0% |
| 1983 | -9.7% | +1600.4% |
| 1984 | 9.1% | -194.3% |
| 1985 | 9.4% | +3.0% |
| 1986 | 0.9% | -89.9% |
| 1987 | 23.3% | +2352.7% |
| 1988 | -4.6% | -119.7% |
| 1989 | -10.3% | +123.7% |
| 1990 | 1.0% | -109.7% |
| 1991 | 5.3% | +430.7% |
| 1992 | -6.0% | -213.6% |
| 1993 | -7.5% | +25.6% |
| 1994 | 3.8% | -151.0% |
| 1995 | 3.6% | -5.3% |
| 1996 | 14.6% | +303.6% |
| 1997 | 6.9% | -52.9% |
| 1998 | 21.9% | +219.0% |
| 1999 | 3.4% | -84.7% |
| 2000 | 7.8% | +132.7% |
| 2001 | -10.0% | -227.9% |
| 2002 | -2.7% | -72.6% |
| 2003 | 10.3% | -475.6% |
| 2004 | 14.6% | +42.6% |
| 2005 | 27.8% | +90.3% |
| 2006 | 9.8% | -64.7% |
| 2007 | -2.3% | -123.0% |
| 2008 | -20.3% | +797.6% |
| 2009 | -20.7% | +1.8% |
| 2010 | 2.3% | -111.2% |
| 2011 | 6.8% | +194.1% |
| 2012 | 4.3% | -37.0% |
| 2013 | 0.0% | -99.9% |
| 2014 | 10.0% | +257899.8% |
| 2015 | 13.0% | +29.5% |
| 2016 | 14.8% | +14.3% |
| 2017 | 12.4% | -16.4% |
| 2018 | 0.6% | -95.3% |
| 2019 | -9.1% | -1660.3% |
| 2020 | -20.2% | +121.7% |
| 2021 | 20.3% | -200.2% |
| 2022 | 22.6% | +11.6% |
| 2023 | -1.9% | -108.6% |
| 2024 | 4.2% | -315.1% |
| 2025 | 7.2% | +71.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | -12.8% | 24.6% | 9 |
| 1980s | 2.8% | -10.3% | 23.3% | 10 |
| 1990s | 4.7% | -7.5% | 21.9% | 10 |
| 2000s | 1.4% | -20.7% | 27.8% | 10 |
| 2010s | 5.5% | -9.1% | 14.8% | 10 |
| 2020s | 5.3% | -20.2% | 22.6% | 6 |
Countries ranked near Iceland
- 57 Uzbekistan 7.7% compare
- 58 Guatemala 7.6% compare
- 59 Burkina Faso 7.4% compare
- 61 Eswatini 7.1% compare
- 62 Bangladesh 6.8% compare
- 63 North Macedonia 6.7% 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 imports of goods and services in Iceland?
- Imports of goods and services in Iceland was 7.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Iceland?
- The highest recorded value was 27.8% in 2005.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was -20.7% in 2009.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 60th out of 178 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is down 44.9%. 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 Offices (NSOs), published as part of Imports of goods and services (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.