Imports of goods and services (BoP, current US$) in Iceland
Iceland: Imports of goods and services (BoP, current US$) was 16.41 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
16.41 billion BoP, current US$
Change on year
up 13.1%
World rank
105th
of 200 countries
All-time high
16.41 billion BoP, current US$
in 2025
All-time low
545.10 million BoP, current US$
in 1976
Years of data
50
1976–2025
Imports of goods and services in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 16.41 billion BoP, current US$ for imports of goods and services in 2025. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 13.1% on the previous year and up 112.8% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 16.41 billion BoP, current US$ in 2025 and was at its lowest, 545.10 million BoP, current US$, in 1976.
That places Iceland 105th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (BoP, current US$) in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 545.10 million BoP, current US$ | — |
| 1977 | 714.50 million BoP, current US$ | +31.1% |
| 1978 | 810.50 million BoP, current US$ | +13.4% |
| 1979 | 1.01 billion BoP, current US$ | +24.3% |
| 1980 | 1.16 billion BoP, current US$ | +15.4% |
| 1981 | 1.21 billion BoP, current US$ | +3.9% |
| 1982 | 1.15 billion BoP, current US$ | -5.1% |
| 1983 | 1.00 billion BoP, current US$ | -12.5% |
| 1984 | 1.07 billion BoP, current US$ | +6.5% |
| 1985 | 1.18 billion BoP, current US$ | +10.3% |
| 1986 | 1.37 billion BoP, current US$ | +16.7% |
| 1987 | 1.94 billion BoP, current US$ | +41.1% |
| 1988 | 1.98 billion BoP, current US$ | +1.9% |
| 1989 | 1.76 billion BoP, current US$ | -10.8% |
| 1990 | 2.07 billion BoP, current US$ | +17.2% |
| 1991 | 2.20 billion BoP, current US$ | +6.8% |
| 1992 | 2.12 billion BoP, current US$ | -4.0% |
| 1993 | 1.81 billion BoP, current US$ | -14.5% |
| 1994 | 1.87 billion BoP, current US$ | +3.1% |
| 1995 | 2.25 billion BoP, current US$ | +20.6% |
| 1996 | 2.62 billion BoP, current US$ | +16.5% |
| 1997 | 2.65 billion BoP, current US$ | +1.2% |
| 1998 | 3.24 billion BoP, current US$ | +22.3% |
| 1999 | 3.32 billion BoP, current US$ | +2.3% |
| 2000 | 3.52 billion BoP, current US$ | +6.0% |
| 2001 | 3.13 billion BoP, current US$ | -11.1% |
| 2002 | 3.18 billion BoP, current US$ | +1.6% |
| 2003 | 4.07 billion BoP, current US$ | +28.1% |
| 2004 | 5.26 billion BoP, current US$ | +29.3% |
| 2005 | 7.09 billion BoP, current US$ | +34.7% |
| 2006 | 8.22 billion BoP, current US$ | +16.0% |
| 2007 | 9.10 billion BoP, current US$ | +10.6% |
| 2008 | 8.07 billion BoP, current US$ | -11.3% |
| 2009 | 5.34 billion BoP, current US$ | -33.8% |
| 2010 | 5.78 billion BoP, current US$ | +8.2% |
| 2011 | 7.11 billion BoP, current US$ | +23.0% |
| 2012 | 7.21 billion BoP, current US$ | +1.4% |
| 2013 | 7.30 billion BoP, current US$ | +1.3% |
| 2014 | 8.01 billion BoP, current US$ | +9.8% |
| 2015 | 7.71 billion BoP, current US$ | -3.8% |
| 2016 | 8.51 billion BoP, current US$ | +10.3% |
| 2017 | 10.23 billion BoP, current US$ | +20.2% |
| 2018 | 11.33 billion BoP, current US$ | +10.8% |
| 2019 | 9.76 billion BoP, current US$ | -13.9% |
| 2020 | 7.63 billion BoP, current US$ | -21.9% |
| 2021 | 10.19 billion BoP, current US$ | +33.6% |
| 2022 | 13.47 billion BoP, current US$ | +32.2% |
| 2023 | 13.73 billion BoP, current US$ | +1.9% |
| 2024 | 14.51 billion BoP, current US$ | +5.7% |
| 2025 | 16.41 billion BoP, current US$ | +13.1% |
Iceland compared with similar countries
- Iceland's 16.41 billion BoP, current US$ is below the median for high income countries, which is 66.46 billion BoP, current US$, 25% of the median. (72 countries reporting)
- Iceland's 16.41 billion BoP, current US$ is below the median for Europe & Central Asia, which is 80.29 billion BoP, current US$, 20% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 769.42 million BoP, current US$ | 545.10 million BoP, current US$ | 1.01 billion BoP, current US$ | 4 |
| 1980s | 1.38 billion BoP, current US$ | 1.00 billion BoP, current US$ | 1.98 billion BoP, current US$ | 10 |
| 1990s | 2.41 billion BoP, current US$ | 1.81 billion BoP, current US$ | 3.32 billion BoP, current US$ | 10 |
| 2000s | 5.70 billion BoP, current US$ | 3.13 billion BoP, current US$ | 9.10 billion BoP, current US$ | 10 |
| 2010s | 8.29 billion BoP, current US$ | 5.78 billion BoP, current US$ | 11.33 billion BoP, current US$ | 10 |
| 2020s | 12.66 billion BoP, current US$ | 7.63 billion BoP, current US$ | 16.41 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 102 Myanmar 17.36 billion BoP, current US$ compare
- 103 Tanzania 16.99 billion BoP, current US$ compare
- 104 Armenia 16.57 billion BoP, current US$ compare
- 106 Mongolia 16.14 billion BoP, current US$ compare
- 107 Nepal 15.96 billion BoP, current US$ compare
- 108 Kyrgyzstan 15.10 billion BoP, current US$ 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is imports of goods and services in Iceland?
- Imports of goods and services in Iceland was 16.41 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Iceland?
- The highest recorded value was 16.41 billion BoP, current US$ in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 545.10 million BoP, current US$ in 1976.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 105th out of 200 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is up 112.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.