Imports of goods and services (current LCU), per unit of GDP in Iceland
Iceland: Imports of goods and services (current LCU), per unit of GDP was 54.43 current LCU per US$ of GDP in 2025. ◆ Volatile
Imports of goods and services (current LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Iceland recorded 54.43 current LCU per US$ of GDP for imports of goods and services (current lcu), per unit of gdp in 2025.
That represents a change of down 9.8% on the previous year and down 5.3% over ten years.
Over the whole period, imports of goods and services (current lcu), per unit of gdp in Iceland peaked at 62.62 current LCU per US$ of GDP in 2022 and was at its lowest, 0.3102 current LCU per US$ of GDP, in 1972.
Iceland ranks 51st of 193 countries on this measure, 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 (current LCU), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.3635 current LCU per US$ of GDP | — |
| 1971 | 0.3686 current LCU per US$ of GDP | +1.4% |
| 1972 | 0.3102 current LCU per US$ of GDP | -15.9% |
| 1973 | 0.3236 current LCU per US$ of GDP | +4.3% |
| 1974 | 0.3924 current LCU per US$ of GDP | +21.3% |
| 1975 | 0.6112 current LCU per US$ of GDP | +55.8% |
| 1976 | 0.5942 current LCU per US$ of GDP | -2.8% |
| 1977 | 0.6399 current LCU per US$ of GDP | +7.7% |
| 1978 | 0.8687 current LCU per US$ of GDP | +35.8% |
| 1979 | 1.24 current LCU per US$ of GDP | +42.6% |
| 1980 | 1.63 current LCU per US$ of GDP | +31.3% |
| 1981 | 2.49 current LCU per US$ of GDP | +53.1% |
| 1982 | 4.35 current LCU per US$ of GDP | +74.8% |
| 1983 | 8.9 current LCU per US$ of GDP | +104.6% |
| 1984 | 11.52 current LCU per US$ of GDP | +29.4% |
| 1985 | 15.89 current LCU per US$ of GDP | +37.9% |
| 1986 | 13.63 current LCU per US$ of GDP | -14.2% |
| 1987 | 13.05 current LCU per US$ of GDP | -4.3% |
| 1988 | 13.41 current LCU per US$ of GDP | +2.8% |
| 1989 | 17.04 current LCU per US$ of GDP | +27.0% |
| 1990 | 18 current LCU per US$ of GDP | +5.7% |
| 1991 | 18.33 current LCU per US$ of GDP | +1.8% |
| 1992 | 16.7 current LCU per US$ of GDP | -8.9% |
| 1993 | 19.12 current LCU per US$ of GDP | +14.5% |
| 1994 | 20.45 current LCU per US$ of GDP | +7.0% |
| 1995 | 19.72 current LCU per US$ of GDP | -3.6% |
| 1996 | 22.68 current LCU per US$ of GDP | +15.0% |
| 1997 | 24.39 current LCU per US$ of GDP | +7.5% |
| 1998 | 26.63 current LCU per US$ of GDP | +9.2% |
| 1999 | 26.38 current LCU per US$ of GDP | -0.9% |
| 2000 | 30.28 current LCU per US$ of GDP | +14.8% |
| 2001 | 36.43 current LCU per US$ of GDP | +20.3% |
| 2002 | 30.77 current LCU per US$ of GDP | -15.5% |
| 2003 | 26.97 current LCU per US$ of GDP | -12.3% |
| 2004 | 26.42 current LCU per US$ of GDP | -2.0% |
| 2005 | 26.06 current LCU per US$ of GDP | -1.4% |
| 2006 | 32.69 current LCU per US$ of GDP | +25.5% |
| 2007 | 26.42 current LCU per US$ of GDP | -19.2% |
| 2008 | 36.92 current LCU per US$ of GDP | +39.8% |
| 2009 | 50.07 current LCU per US$ of GDP | +35.6% |
| 2010 | 50.54 current LCU per US$ of GDP | +0.9% |
| 2011 | 53.54 current LCU per US$ of GDP | +6.0% |
| 2012 | 60.35 current LCU per US$ of GDP | +12.7% |
| 2013 | 54.83 current LCU per US$ of GDP | -9.2% |
| 2014 | 51.81 current LCU per US$ of GDP | -5.5% |
| 2015 | 57.46 current LCU per US$ of GDP | +10.9% |
| 2016 | 48.65 current LCU per US$ of GDP | -15.3% |
| 2017 | 43.47 current LCU per US$ of GDP | -10.7% |
| 2018 | 45.99 current LCU per US$ of GDP | +5.8% |
| 2019 | 47.91 current LCU per US$ of GDP | +4.2% |
| 2020 | 46.74 current LCU per US$ of GDP | -2.4% |
| 2021 | 49.36 current LCU per US$ of GDP | +5.6% |
| 2022 | 62.62 current LCU per US$ of GDP | +26.9% |
| 2023 | 59.68 current LCU per US$ of GDP | -4.7% |
| 2024 | 60.32 current LCU per US$ of GDP | +1.1% |
| 2025 | 54.43 current LCU per US$ of GDP | -9.8% |
Iceland compared with similar countries
- Iceland's 54.43 current LCU per US$ of GDP is above the median for high income countries, which is 0.8457 current LCU per US$ of GDP, 64.4× the median. (72 countries reporting)
- Iceland's 54.43 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 1.17 current LCU per US$ of GDP, 46.3× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (current LCU), per unit of GDP in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +104.6% | 4.35 current LCU per US$ of GDP | 8.9 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5711 current LCU per US$ of GDP | 0.3102 current LCU per US$ of GDP | 1.24 current LCU per US$ of GDP | 10 |
| 1980s | 10.19 current LCU per US$ of GDP | 1.63 current LCU per US$ of GDP | 17.04 current LCU per US$ of GDP | 10 |
| 1990s | 21.24 current LCU per US$ of GDP | 16.7 current LCU per US$ of GDP | 26.63 current LCU per US$ of GDP | 10 |
| 2000s | 32.3 current LCU per US$ of GDP | 26.06 current LCU per US$ of GDP | 50.07 current LCU per US$ of GDP | 10 |
| 2010s | 51.45 current LCU per US$ of GDP | 43.47 current LCU per US$ of GDP | 60.35 current LCU per US$ of GDP | 10 |
| 2020s | 55.52 current LCU per US$ of GDP | 46.74 current LCU per US$ of GDP | 62.62 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 48 Serbia 60.94 current LCU per US$ of GDP compare
- 49 Kyrgyzstan 57.3 current LCU per US$ of GDP compare
- 50 Vanuatu 57.24 current LCU per US$ of GDP compare
- 52 Cape Verde 52.21 current LCU per US$ of GDP compare
- 53 French Polynesia 50.9 current LCU per US$ of GDP compare
- 54 Afghanistan 48.31 current 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services (current lcu), per unit of gdp in Iceland?
- Imports of goods and services (current lcu), per unit of gdp in Iceland was 54.43 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest imports of goods and services (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 62.62 current LCU per US$ of GDP in 2022.
- What is the lowest imports of goods and services (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.3102 current LCU per US$ of GDP in 1972.
- How does Iceland rank for imports of goods and services (current lcu), per unit of gdp?
- Iceland ranks 51st out of 193 countries with data for 2025.
- Is imports of goods and services (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 5.3%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (current LCU) ÷ GDP (current US$)
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 (current 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.