Imports of goods and services (constant 2015 US$), per unit of GDP in Iceland
Iceland: Imports of goods and services (constant 2015 US$), per unit of GDP was 0.3036 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
0.3036 constant 2015 US$ per US$ of GDP
Change on year
down 7.8%
World rank
108th
of 172 countries
All-time high
2.73 constant 2015 US$ per US$ of GDP
in 1970
All-time low
0.3036 constant 2015 US$ per US$ of GDP
in 2025
Years of data
56
1970–2025
Imports of goods and services (constant 2015 US$), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2025, imports of goods and services (constant 2015 us$), per unit of gdp in Iceland stood at 0.3036 constant 2015 US$ per US$ of GDP. That is the lowest value across all 56 years on record.
Compared with earlier readings it is down 7.8% on the previous year and down 30.3% over ten years.
Over the whole period, imports of goods and services (constant 2015 us$), per unit of gdp in Iceland peaked at 2.73 constant 2015 US$ per US$ of GDP in 1970 and was at its lowest, 0.3036 constant 2015 US$ per US$ of GDP, in 2025.
That places Iceland 108th out of 172 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 (constant 2015 US$), per unit of GDP in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 2.73 constant 2015 US$ per US$ of GDP | — |
| 1971 | 2.68 constant 2015 US$ per US$ of GDP | -2.1% |
| 1972 | 2.15 constant 2015 US$ per US$ of GDP | -19.8% |
| 1973 | 1.88 constant 2015 US$ per US$ of GDP | -12.5% |
| 1974 | 1.61 constant 2015 US$ per US$ of GDP | -14.3% |
| 1975 | 1.51 constant 2015 US$ per US$ of GDP | -6.0% |
| 1976 | 1.23 constant 2015 US$ per US$ of GDP | -18.8% |
| 1977 | 1.12 constant 2015 US$ per US$ of GDP | -8.8% |
| 1978 | 1.02 constant 2015 US$ per US$ of GDP | -8.9% |
| 1979 | 0.9205 constant 2015 US$ per US$ of GDP | -9.8% |
| 1980 | 0.8 constant 2015 US$ per US$ of GDP | -13.1% |
| 1981 | 0.8295 constant 2015 US$ per US$ of GDP | +3.7% |
| 1982 | 0.8985 constant 2015 US$ per US$ of GDP | +8.3% |
| 1983 | 0.9406 constant 2015 US$ per US$ of GDP | +4.7% |
| 1984 | 0.9913 constant 2015 US$ per US$ of GDP | +5.4% |
| 1985 | 1.04 constant 2015 US$ per US$ of GDP | +5.0% |
| 1986 | 0.7862 constant 2015 US$ per US$ of GDP | -24.5% |
| 1987 | 0.7004 constant 2015 US$ per US$ of GDP | -10.9% |
| 1988 | 0.6041 constant 2015 US$ per US$ of GDP | -13.7% |
| 1989 | 0.5836 constant 2015 US$ per US$ of GDP | -3.4% |
| 1990 | 0.5169 constant 2015 US$ per US$ of GDP | -11.4% |
| 1991 | 0.5093 constant 2015 US$ per US$ of GDP | -1.5% |
| 1992 | 0.4673 constant 2015 US$ per US$ of GDP | -8.2% |
| 1993 | 0.4922 constant 2015 US$ per US$ of GDP | +5.3% |
| 1994 | 0.4974 constant 2015 US$ per US$ of GDP | +1.0% |
| 1995 | 0.4622 constant 2015 US$ per US$ of GDP | -7.1% |
| 1996 | 0.5081 constant 2015 US$ per US$ of GDP | +9.9% |
| 1997 | 0.5409 constant 2015 US$ per US$ of GDP | +6.5% |
| 1998 | 0.5893 constant 2015 US$ per US$ of GDP | +8.9% |
| 1999 | 0.5776 constant 2015 US$ per US$ of GDP | -2.0% |
| 2000 | 0.6205 constant 2015 US$ per US$ of GDP | +7.4% |
| 2001 | 0.6134 constant 2015 US$ per US$ of GDP | -1.1% |
| 2002 | 0.5274 constant 2015 US$ per US$ of GDP | -14.0% |
| 2003 | 0.4735 constant 2015 US$ per US$ of GDP | -10.2% |
| 2004 | 0.4494 constant 2015 US$ per US$ of GDP | -5.1% |
| 2005 | 0.4679 constant 2015 US$ per US$ of GDP | +4.1% |
| 2006 | 0.4985 constant 2015 US$ per US$ of GDP | +6.6% |
| 2007 | 0.3921 constant 2015 US$ per US$ of GDP | -21.3% |
| 2008 | 0.376 constant 2015 US$ per US$ of GDP | -4.1% |
| 2009 | 0.412 constant 2015 US$ per US$ of GDP | +9.6% |
| 2010 | 0.4 constant 2015 US$ per US$ of GDP | -2.9% |
| 2011 | 0.3863 constant 2015 US$ per US$ of GDP | -3.4% |
| 2012 | 0.415 constant 2015 US$ per US$ of GDP | +7.4% |
| 2013 | 0.3818 constant 2015 US$ per US$ of GDP | -8.0% |
| 2014 | 0.378 constant 2015 US$ per US$ of GDP | -1.0% |
| 2015 | 0.4355 constant 2015 US$ per US$ of GDP | +15.2% |
| 2016 | 0.4199 constant 2015 US$ per US$ of GDP | -3.6% |
| 2017 | 0.3971 constant 2015 US$ per US$ of GDP | -5.4% |
| 2018 | 0.3752 constant 2015 US$ per US$ of GDP | -5.5% |
| 2019 | 0.364 constant 2015 US$ per US$ of GDP | -3.0% |
| 2020 | 0.3293 constant 2015 US$ per US$ of GDP | -9.5% |
| 2021 | 0.3326 constant 2015 US$ per US$ of GDP | +1.0% |
| 2022 | 0.3668 constant 2015 US$ per US$ of GDP | +10.3% |
| 2023 | 0.331 constant 2015 US$ per US$ of GDP | -9.8% |
| 2024 | 0.3294 constant 2015 US$ per US$ of GDP | -0.5% |
| 2025 | 0.3036 constant 2015 US$ per US$ of GDP | -7.8% |
Iceland compared with similar countries
- Iceland's 0.3036 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.4035 constant 2015 US$ per US$ of GDP, 75% of the median. (63 countries reporting)
- Iceland's 0.3036 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.4045 constant 2015 US$ per US$ of GDP, 75% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.68 constant 2015 US$ per US$ of GDP | 0.9205 constant 2015 US$ per US$ of GDP | 2.73 constant 2015 US$ per US$ of GDP | 10 |
| 1980s | 0.8175 constant 2015 US$ per US$ of GDP | 0.5836 constant 2015 US$ per US$ of GDP | 1.04 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 0.5161 constant 2015 US$ per US$ of GDP | 0.4622 constant 2015 US$ per US$ of GDP | 0.5893 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 0.4831 constant 2015 US$ per US$ of GDP | 0.376 constant 2015 US$ per US$ of GDP | 0.6205 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.3953 constant 2015 US$ per US$ of GDP | 0.364 constant 2015 US$ per US$ of GDP | 0.4355 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.3321 constant 2015 US$ per US$ of GDP | 0.3036 constant 2015 US$ per US$ of GDP | 0.3668 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 105 Nepal 0.3082 constant 2015 US$ per US$ of GDP compare
- 106 Germany 0.3072 constant 2015 US$ per US$ of GDP compare
- 107 Togo 0.3053 constant 2015 US$ per US$ of GDP compare
- 109 Equatorial Guinea 0.3009 constant 2015 US$ per US$ of GDP compare
- 110 South Sudan 0.289 constant 2015 US$ per US$ of GDP compare
- 111 Norway 0.2882 constant 2015 US$ per US$ of GDP 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services (constant 2015 us$), per unit of gdp in Iceland?
- Imports of goods and services (constant 2015 us$), per unit of gdp in Iceland was 0.3036 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest imports of goods and services (constant 2015 us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 2.73 constant 2015 US$ per US$ of GDP in 1970.
- What is the lowest imports of goods and services (constant 2015 us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.3036 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for imports of goods and services (constant 2015 us$), per unit of gdp?
- Iceland ranks 108th out of 172 countries with data for 2025.
- Is imports of goods and services (constant 2015 us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 30.3%. 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 (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Imports of goods and services (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.