Imports of goods and services in Iceland
Iceland: Imports of goods and services was 1.66 trillion constant LCU in 2025. ◆ Volatile
Imports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for imports of goods and services in Iceland is 1.66 trillion constant LCU, measured in 2025. 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 1.66 trillion constant LCU in 2025 and was at its lowest, 211.42 billion constant LCU, in 1970.
That places Iceland 57th out of 179 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 LCU | Change |
|---|---|---|
| 1970 | 211.42 billion constant LCU | — |
| 1971 | 263.38 billion constant LCU | +24.6% |
| 1972 | 264.74 billion constant LCU | +0.5% |
| 1973 | 318.56 billion constant LCU | +20.3% |
| 1974 | 358.43 billion constant LCU | +12.5% |
| 1975 | 312.72 billion constant LCU | -12.8% |
| 1976 | 301.31 billion constant LCU | -3.6% |
| 1977 | 363.32 billion constant LCU | +20.6% |
| 1978 | 376.54 billion constant LCU | +3.6% |
| 1979 | 385.83 billion constant LCU | +2.5% |
| 1980 | 397.37 billion constant LCU | +3.0% |
| 1981 | 425.64 billion constant LCU | +7.1% |
| 1982 | 423.22 billion constant LCU | -0.6% |
| 1983 | 382.19 billion constant LCU | -9.7% |
| 1984 | 417.14 billion constant LCU | +9.1% |
| 1985 | 456.43 billion constant LCU | +9.4% |
| 1986 | 460.76 billion constant LCU | +0.9% |
| 1987 | 567.95 billion constant LCU | +23.3% |
| 1988 | 541.91 billion constant LCU | -4.6% |
| 1989 | 486.33 billion constant LCU | -10.3% |
| 1990 | 491.15 billion constant LCU | +1.0% |
| 1991 | 516.97 billion constant LCU | +5.3% |
| 1992 | 486.10 billion constant LCU | -6.0% |
| 1993 | 449.64 billion constant LCU | -7.5% |
| 1994 | 466.82 billion constant LCU | +3.8% |
| 1995 | 483.71 billion constant LCU | +3.6% |
| 1996 | 554.33 billion constant LCU | +14.6% |
| 1997 | 592.46 billion constant LCU | +6.9% |
| 1998 | 722.48 billion constant LCU | +21.9% |
| 1999 | 746.70 billion constant LCU | +3.4% |
| 2000 | 804.96 billion constant LCU | +7.8% |
| 2001 | 724.66 billion constant LCU | -10.0% |
| 2002 | 704.87 billion constant LCU | -2.7% |
| 2003 | 777.16 billion constant LCU | +10.3% |
| 2004 | 890.80 billion constant LCU | +14.6% |
| 2005 | 1.14 trillion constant LCU | +27.8% |
| 2006 | 1.25 trillion constant LCU | +9.8% |
| 2007 | 1.22 trillion constant LCU | -2.3% |
| 2008 | 973.94 billion constant LCU | -20.3% |
| 2009 | 772.63 billion constant LCU | -20.7% |
| 2010 | 790.46 billion constant LCU | +2.3% |
| 2011 | 844.13 billion constant LCU | +6.8% |
| 2012 | 880.27 billion constant LCU | +4.3% |
| 2013 | 880.30 billion constant LCU | +0.0% |
| 2014 | 968.54 billion constant LCU | +10.0% |
| 2015 | 1.09 trillion constant LCU | +13.0% |
| 2016 | 1.26 trillion constant LCU | +14.8% |
| 2017 | 1.41 trillion constant LCU | +12.4% |
| 2018 | 1.42 trillion constant LCU | +0.6% |
| 2019 | 1.29 trillion constant LCU | -9.1% |
| 2020 | 1.03 trillion constant LCU | -20.2% |
| 2021 | 1.24 trillion constant LCU | +20.3% |
| 2022 | 1.52 trillion constant LCU | +22.6% |
| 2023 | 1.49 trillion constant LCU | -1.9% |
| 2024 | 1.55 trillion constant LCU | +4.2% |
| 2025 | 1.66 trillion constant LCU | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 315.62 billion constant LCU | 211.42 billion constant LCU | 385.83 billion constant LCU | 10 |
| 1980s | 455.89 billion constant LCU | 382.19 billion constant LCU | 567.95 billion constant LCU | 10 |
| 1990s | 551.04 billion constant LCU | 449.64 billion constant LCU | 746.70 billion constant LCU | 10 |
| 2000s | 926.04 billion constant LCU | 704.87 billion constant LCU | 1.25 trillion constant LCU | 10 |
| 2010s | 1.08 trillion constant LCU | 790.46 billion constant LCU | 1.42 trillion constant LCU | 10 |
| 2020s | 1.42 trillion constant LCU | 1.03 trillion constant LCU | 1.66 trillion constant LCU | 6 |
Countries ranked near Iceland
- 54 Togo 1.76 trillion constant LCU compare
- 55 Equatorial Guinea 1.71 trillion constant LCU compare
- 56 United Arab Emirates 1.71 trillion constant LCU compare
- 58 Dominican Republic 1.55 trillion constant LCU compare
- 59 Congo 1.54 trillion constant LCU compare
- 60 Denmark 1.42 trillion constant LCU 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)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 15,584 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 12.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4237 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 41,663 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.9 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 54.43 current LCU 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 1.66 trillion constant LCU 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 1.66 trillion constant LCU in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 211.42 billion constant LCU in 1970.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 57th out of 179 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 LCU). Statizoid updates them automatically from the source API.
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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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.