Imports of goods and services (constant LCU), per unit of GDP in Iceland
Iceland: Imports of goods and services (constant LCU), per unit of GDP was 43.09 constant LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
43.09 constant LCU per US$ of GDP
Change on year
down 7.8%
World rank
44th
of 179 countries
All-time high
387.84 constant LCU per US$ of GDP
in 1970
All-time low
43.09 constant LCU per US$ of GDP
in 2025
Years of data
56
1970–2025
Imports of goods and services (constant LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for imports of goods and services (constant lcu), per unit of gdp in Iceland is 43.09 constant LCU per US$ of GDP, measured in 2025. That is the lowest value across all 56 years on record.
The figure 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 lcu), per unit of gdp in Iceland peaked at 387.84 constant LCU per US$ of GDP in 1970 and was at its lowest, 43.09 constant LCU per US$ of GDP, in 2025.
Iceland ranks 44th of 179 countries on this measure, 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 (constant LCU), per unit of GDP in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 387.84 constant LCU per US$ of GDP | — |
| 1971 | 379.69 constant LCU per US$ of GDP | -2.1% |
| 1972 | 304.64 constant LCU per US$ of GDP | -19.8% |
| 1973 | 266.62 constant LCU per US$ of GDP | -12.5% |
| 1974 | 228.57 constant LCU per US$ of GDP | -14.3% |
| 1975 | 214.77 constant LCU per US$ of GDP | -6.0% |
| 1976 | 174.38 constant LCU per US$ of GDP | -18.8% |
| 1977 | 158.95 constant LCU per US$ of GDP | -8.8% |
| 1978 | 144.84 constant LCU per US$ of GDP | -8.9% |
| 1979 | 130.65 constant LCU per US$ of GDP | -9.8% |
| 1980 | 113.55 constant LCU per US$ of GDP | -13.1% |
| 1981 | 117.74 constant LCU per US$ of GDP | +3.7% |
| 1982 | 127.53 constant LCU per US$ of GDP | +8.3% |
| 1983 | 133.51 constant LCU per US$ of GDP | +4.7% |
| 1984 | 140.71 constant LCU per US$ of GDP | +5.4% |
| 1985 | 147.79 constant LCU per US$ of GDP | +5.0% |
| 1986 | 111.59 constant LCU per US$ of GDP | -24.5% |
| 1987 | 99.41 constant LCU per US$ of GDP | -10.9% |
| 1988 | 85.74 constant LCU per US$ of GDP | -13.7% |
| 1989 | 82.84 constant LCU per US$ of GDP | -3.4% |
| 1990 | 73.36 constant LCU per US$ of GDP | -11.4% |
| 1991 | 72.29 constant LCU per US$ of GDP | -1.5% |
| 1992 | 66.33 constant LCU per US$ of GDP | -8.2% |
| 1993 | 69.86 constant LCU per US$ of GDP | +5.3% |
| 1994 | 70.59 constant LCU per US$ of GDP | +1.0% |
| 1995 | 65.61 constant LCU per US$ of GDP | -7.1% |
| 1996 | 72.12 constant LCU per US$ of GDP | +9.9% |
| 1997 | 76.78 constant LCU per US$ of GDP | +6.5% |
| 1998 | 83.64 constant LCU per US$ of GDP | +8.9% |
| 1999 | 81.99 constant LCU per US$ of GDP | -2.0% |
| 2000 | 88.07 constant LCU per US$ of GDP | +7.4% |
| 2001 | 87.06 constant LCU per US$ of GDP | -1.1% |
| 2002 | 74.86 constant LCU per US$ of GDP | -14.0% |
| 2003 | 67.2 constant LCU per US$ of GDP | -10.2% |
| 2004 | 63.79 constant LCU per US$ of GDP | -5.1% |
| 2005 | 66.41 constant LCU per US$ of GDP | +4.1% |
| 2006 | 70.76 constant LCU per US$ of GDP | +6.6% |
| 2007 | 55.66 constant LCU per US$ of GDP | -21.3% |
| 2008 | 53.37 constant LCU per US$ of GDP | -4.1% |
| 2009 | 58.48 constant LCU per US$ of GDP | +9.6% |
| 2010 | 56.78 constant LCU per US$ of GDP | -2.9% |
| 2011 | 54.84 constant LCU per US$ of GDP | -3.4% |
| 2012 | 58.91 constant LCU per US$ of GDP | +7.4% |
| 2013 | 54.19 constant LCU per US$ of GDP | -8.0% |
| 2014 | 53.65 constant LCU per US$ of GDP | -1.0% |
| 2015 | 61.82 constant LCU per US$ of GDP | +15.2% |
| 2016 | 59.6 constant LCU per US$ of GDP | -3.6% |
| 2017 | 56.36 constant LCU per US$ of GDP | -5.4% |
| 2018 | 53.25 constant LCU per US$ of GDP | -5.5% |
| 2019 | 51.67 constant LCU per US$ of GDP | -3.0% |
| 2020 | 46.74 constant LCU per US$ of GDP | -9.5% |
| 2021 | 47.21 constant LCU per US$ of GDP | +1.0% |
| 2022 | 52.06 constant LCU per US$ of GDP | +10.3% |
| 2023 | 46.98 constant LCU per US$ of GDP | -9.8% |
| 2024 | 46.75 constant LCU per US$ of GDP | -0.5% |
| 2025 | 43.09 constant LCU per US$ of GDP | -7.8% |
Iceland compared with similar countries
- Iceland's 43.09 constant LCU per US$ of GDP is above the median for high income countries, which is 0.6447 constant LCU per US$ of GDP, 66.8× the median. (63 countries reporting)
- Iceland's 43.09 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.7329 constant LCU per US$ of GDP, 58.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 239.1 constant LCU per US$ of GDP | 130.65 constant LCU per US$ of GDP | 387.84 constant LCU per US$ of GDP | 10 |
| 1980s | 116.04 constant LCU per US$ of GDP | 82.84 constant LCU per US$ of GDP | 147.79 constant LCU per US$ of GDP | 10 |
| 1990s | 73.26 constant LCU per US$ of GDP | 65.61 constant LCU per US$ of GDP | 83.64 constant LCU per US$ of GDP | 10 |
| 2000s | 68.57 constant LCU per US$ of GDP | 53.37 constant LCU per US$ of GDP | 88.07 constant LCU per US$ of GDP | 10 |
| 2010s | 56.11 constant LCU per US$ of GDP | 51.67 constant LCU per US$ of GDP | 61.82 constant LCU per US$ of GDP | 10 |
| 2020s | 47.14 constant LCU per US$ of GDP | 43.09 constant LCU per US$ of GDP | 52.06 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 41 Vanuatu 57.24 constant LCU per US$ of GDP compare
- 42 Serbia 52.7 constant LCU per US$ of GDP compare
- 43 Cape Verde 44.66 constant LCU per US$ of GDP compare
- 45 Afghanistan 39.9 constant LCU per US$ of GDP compare
- 46 Kyrgyzstan 39.69 constant LCU per US$ of GDP compare
- 47 Albania 32.59 constant LCU 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services (constant lcu), per unit of gdp in Iceland?
- Imports of goods and services (constant lcu), per unit of gdp in Iceland was 43.09 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest imports of goods and services (constant lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 387.84 constant LCU per US$ of GDP in 1970.
- What is the lowest imports of goods and services (constant lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 43.09 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for imports of goods and services (constant lcu), per unit of gdp?
- Iceland ranks 44th out of 179 countries with data for 2025.
- Is imports of goods and services (constant lcu), 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.