Imports of goods and services (BoP, current US$), annual growth rate in Iceland
Iceland: Imports of goods and services (BoP, current US$), annual growth rate was 12.94 % change on previous year in 2025. ◆ Volatile
Imports of goods and services (BoP, current US$), annual growth rate in Iceland, 1977–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for imports of goods and services (bop, current us$), annual growth rate in Iceland is 12.94 % change on previous year, measured in 2025.
That represents a change of up 128.4% on the previous year and up 444.0% over ten years.
Over the whole period, imports of goods and services (bop, current us$), annual growth rate in Iceland peaked at 41.1 % change on previous year in 1987 and was at its lowest, -33.81 % change on previous year, in 2009.
That places Iceland 34th out of 199 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (BoP, current US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 31.08 % change on previous year | — |
| 1978 | 13.44 % change on previous year | -56.8% |
| 1979 | 24.32 % change on previous year | +81.0% |
| 1980 | 15.39 % change on previous year | -36.7% |
| 1981 | 3.85 % change on previous year | -75.0% |
| 1982 | -5.08 % change on previous year | -232.0% |
| 1983 | -12.55 % change on previous year | +146.7% |
| 1984 | 6.51 % change on previous year | -151.8% |
| 1985 | 10.28 % change on previous year | +58.0% |
| 1986 | 16.68 % change on previous year | +62.4% |
| 1987 | 41.1 % change on previous year | +146.3% |
| 1988 | 1.9 % change on previous year | -95.4% |
| 1989 | -10.78 % change on previous year | -666.2% |
| 1990 | 17.2 % change on previous year | -259.5% |
| 1991 | 6.76 % change on previous year | -60.7% |
| 1992 | -3.99 % change on previous year | -159.0% |
| 1993 | -14.52 % change on previous year | +264.0% |
| 1994 | 3.1 % change on previous year | -121.4% |
| 1995 | 20.59 % change on previous year | +563.8% |
| 1996 | 16.5 % change on previous year | -19.8% |
| 1997 | 1.21 % change on previous year | -92.7% |
| 1998 | 22.26 % change on previous year | +1735.5% |
| 1999 | 2.28 % change on previous year | -89.7% |
| 2000 | 6.02 % change on previous year | +163.4% |
| 2001 | -11.07 % change on previous year | -283.9% |
| 2002 | 1.6 % change on previous year | -114.4% |
| 2003 | 28.08 % change on previous year | +1657.2% |
| 2004 | 29.29 % change on previous year | +4.3% |
| 2005 | 34.7 % change on previous year | +18.4% |
| 2006 | 16 % change on previous year | -53.9% |
| 2007 | 10.64 % change on previous year | -33.5% |
| 2008 | -11.29 % change on previous year | -206.1% |
| 2009 | -33.81 % change on previous year | +199.5% |
| 2010 | 8.18 % change on previous year | -124.2% |
| 2011 | 23.01 % change on previous year | +181.3% |
| 2012 | 1.42 % change on previous year | -93.8% |
| 2013 | 1.28 % change on previous year | -10.2% |
| 2014 | 9.76 % change on previous year | +663.4% |
| 2015 | -3.76 % change on previous year | -138.6% |
| 2016 | 10.31 % change on previous year | -374.2% |
| 2017 | 20.23 % change on previous year | +96.2% |
| 2018 | 10.81 % change on previous year | -46.6% |
| 2019 | -13.88 % change on previous year | -228.4% |
| 2020 | -21.86 % change on previous year | +57.5% |
| 2021 | 33.62 % change on previous year | -253.8% |
| 2022 | 32.18 % change on previous year | -4.3% |
| 2023 | 1.95 % change on previous year | -94.0% |
| 2024 | 5.66 % change on previous year | +191.2% |
| 2025 | 12.94 % change on previous year | +128.4% |
Iceland compared with similar countries
- Iceland's 12.94 % change on previous year is above the median for high income countries, which is 7.34 % change on previous year, 1.8× the median. (71 countries reporting)
- Iceland's 12.94 % change on previous year is above the median for Europe & Central Asia, which is 8.75 % change on previous year, 1.5× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (BoP, current US$), annual growth rate in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +1735.5% | 1.21 % change on previous year | 22.26 % change on previous year |
| 2003 | +1657.2% | 1.6 % change on previous year | 28.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.94 % change on previous year | 13.44 % change on previous year | 31.08 % change on previous year | 3 |
| 1980s | 6.73 % change on previous year | -12.55 % change on previous year | 41.1 % change on previous year | 10 |
| 1990s | 7.14 % change on previous year | -14.52 % change on previous year | 22.26 % change on previous year | 10 |
| 2000s | 7.02 % change on previous year | -33.81 % change on previous year | 34.7 % change on previous year | 10 |
| 2010s | 6.74 % change on previous year | -13.88 % change on previous year | 23.01 % change on previous year | 10 |
| 2020s | 10.75 % change on previous year | -21.86 % change on previous year | 33.62 % change on previous year | 6 |
Countries ranked near Iceland
- 31 Burundi 13.76 % change on previous year compare
- 32 Kiribati 13.72 % change on previous year compare
- 33 Rwanda 13.11 % change on previous year compare
- 35 Sint Maarten (Dutch part) 12.74 % change on previous year compare
- 36 Sudan 12.7 % change on previous year compare
- 37 Bahamas 12.69 % change on previous year compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services (bop, current us$), annual growth rate in Iceland?
- Imports of goods and services (bop, current us$), annual growth rate in Iceland was 12.94 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 41.1 % change on previous year in 1987.
- What is the lowest imports of goods and services (bop, current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -33.81 % change on previous year in 2009.
- How does Iceland rank for imports of goods and services (bop, current us$), annual growth rate?
- Iceland ranks 34th out of 199 countries with data for 2025.
- Is imports of goods and services (bop, current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 444.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Imports of goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Imports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Imports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.