Imports of goods and services in Iceland
Iceland: Imports of goods and services was 11.71 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
11.71 billion constant 2015 US$
Change on year
up 7.2%
World rank
104th
of 172 countries
All-time high
11.71 billion constant 2015 US$
in 2025
All-time low
1.49 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Imports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, imports of goods and services in Iceland stood at 11.71 billion constant 2015 US$. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 7.2% on the previous year and up 51.9% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 11.71 billion constant 2015 US$ in 2025 and was at its lowest, 1.49 billion constant 2015 US$, in 1970.
That places Iceland 104th out of 172 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 1.49 billion constant 2015 US$ | — |
| 1971 | 1.86 billion constant 2015 US$ | +24.6% |
| 1972 | 1.87 billion constant 2015 US$ | +0.5% |
| 1973 | 2.24 billion constant 2015 US$ | +20.3% |
| 1974 | 2.53 billion constant 2015 US$ | +12.5% |
| 1975 | 2.20 billion constant 2015 US$ | -12.8% |
| 1976 | 2.12 billion constant 2015 US$ | -3.6% |
| 1977 | 2.56 billion constant 2015 US$ | +20.6% |
| 1978 | 2.65 billion constant 2015 US$ | +3.6% |
| 1979 | 2.72 billion constant 2015 US$ | +2.5% |
| 1980 | 2.80 billion constant 2015 US$ | +3.0% |
| 1981 | 3.00 billion constant 2015 US$ | +7.1% |
| 1982 | 2.98 billion constant 2015 US$ | -0.6% |
| 1983 | 2.69 billion constant 2015 US$ | -9.7% |
| 1984 | 2.94 billion constant 2015 US$ | +9.1% |
| 1985 | 3.22 billion constant 2015 US$ | +9.4% |
| 1986 | 3.25 billion constant 2015 US$ | +0.9% |
| 1987 | 4.00 billion constant 2015 US$ | +23.3% |
| 1988 | 3.82 billion constant 2015 US$ | -4.6% |
| 1989 | 3.43 billion constant 2015 US$ | -10.3% |
| 1990 | 3.46 billion constant 2015 US$ | +1.0% |
| 1991 | 3.64 billion constant 2015 US$ | +5.3% |
| 1992 | 3.42 billion constant 2015 US$ | -6.0% |
| 1993 | 3.17 billion constant 2015 US$ | -7.5% |
| 1994 | 3.29 billion constant 2015 US$ | +3.8% |
| 1995 | 3.41 billion constant 2015 US$ | +3.6% |
| 1996 | 3.91 billion constant 2015 US$ | +14.6% |
| 1997 | 4.17 billion constant 2015 US$ | +6.9% |
| 1998 | 5.09 billion constant 2015 US$ | +21.9% |
| 1999 | 5.26 billion constant 2015 US$ | +3.4% |
| 2000 | 5.67 billion constant 2015 US$ | +7.8% |
| 2001 | 5.11 billion constant 2015 US$ | -10.0% |
| 2002 | 4.97 billion constant 2015 US$ | -2.7% |
| 2003 | 5.48 billion constant 2015 US$ | +10.3% |
| 2004 | 6.28 billion constant 2015 US$ | +14.6% |
| 2005 | 8.02 billion constant 2015 US$ | +27.8% |
| 2006 | 8.81 billion constant 2015 US$ | +9.8% |
| 2007 | 8.61 billion constant 2015 US$ | -2.3% |
| 2008 | 6.86 billion constant 2015 US$ | -20.3% |
| 2009 | 5.44 billion constant 2015 US$ | -20.7% |
| 2010 | 5.57 billion constant 2015 US$ | +2.3% |
| 2011 | 5.95 billion constant 2015 US$ | +6.8% |
| 2012 | 6.20 billion constant 2015 US$ | +4.3% |
| 2013 | 6.20 billion constant 2015 US$ | +0.0% |
| 2014 | 6.82 billion constant 2015 US$ | +10.0% |
| 2015 | 7.71 billion constant 2015 US$ | +13.0% |
| 2016 | 8.85 billion constant 2015 US$ | +14.8% |
| 2017 | 9.95 billion constant 2015 US$ | +12.4% |
| 2018 | 10.01 billion constant 2015 US$ | +0.6% |
| 2019 | 9.10 billion constant 2015 US$ | -9.1% |
| 2020 | 7.26 billion constant 2015 US$ | -20.2% |
| 2021 | 8.73 billion constant 2015 US$ | +20.3% |
| 2022 | 10.70 billion constant 2015 US$ | +22.6% |
| 2023 | 10.49 billion constant 2015 US$ | -1.9% |
| 2024 | 10.93 billion constant 2015 US$ | +4.2% |
| 2025 | 11.71 billion constant 2015 US$ | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.22 billion constant 2015 US$ | 1.49 billion constant 2015 US$ | 2.72 billion constant 2015 US$ | 10 |
| 1980s | 3.21 billion constant 2015 US$ | 2.69 billion constant 2015 US$ | 4.00 billion constant 2015 US$ | 10 |
| 1990s | 3.88 billion constant 2015 US$ | 3.17 billion constant 2015 US$ | 5.26 billion constant 2015 US$ | 10 |
| 2000s | 6.52 billion constant 2015 US$ | 4.97 billion constant 2015 US$ | 8.81 billion constant 2015 US$ | 10 |
| 2010s | 7.64 billion constant 2015 US$ | 5.57 billion constant 2015 US$ | 10.01 billion constant 2015 US$ | 10 |
| 2020s | 9.97 billion constant 2015 US$ | 7.26 billion constant 2015 US$ | 11.71 billion constant 2015 US$ | 6 |
Countries ranked near Iceland
- 101 Bosnia and Herzegovina 12.80 billion constant 2015 US$ compare
- 102 Senegal 12.11 billion constant 2015 US$ compare
- 103 Lebanon 11.76 billion constant 2015 US$ compare
- 105 Sudan 11.43 billion constant 2015 US$ compare
- 106 Uganda 11.41 billion constant 2015 US$ compare
- 107 Nicaragua 11.36 billion constant 2015 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
Frequently asked questions
- What is imports of goods and services in Iceland?
- Imports of goods and services in Iceland was 11.71 billion constant 2015 US$ 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 11.71 billion constant 2015 US$ in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 1.49 billion constant 2015 US$ in 1970.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 104th out of 172 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is up 51.9%. 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.