Imports of goods and services in Iceland
Iceland: Imports of goods and services was 42.4% in 2025. ▲ Rising
Imports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for imports of goods and services in Iceland is 42.4%, measured in 2025.
The figure is down 3.1% on the previous year and down 2.7% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 48.2% in 2012 and was at its lowest, 28.3%, in 1993.
That places Iceland 103rd out of 193 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Imports of goods and services in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 41.3% | — |
| 1971 | 41.9% | +1.4% |
| 1972 | 35.1% | -16.1% |
| 1973 | 35.9% | +2.2% |
| 1974 | 39.3% | +9.3% |
| 1975 | 39.8% | +1.3% |
| 1976 | 32.6% | -18.0% |
| 1977 | 32.2% | -1.4% |
| 1978 | 32.0% | -0.4% |
| 1979 | 35.1% | +9.6% |
| 1980 | 33.9% | -3.5% |
| 1981 | 34.5% | +1.7% |
| 1982 | 35.2% | +2.2% |
| 1983 | 35.8% | +1.7% |
| 1984 | 36.3% | +1.4% |
| 1985 | 38.3% | +5.3% |
| 1986 | 33.2% | -13.3% |
| 1987 | 33.7% | +1.7% |
| 1988 | 31.2% | -7.5% |
| 1989 | 29.9% | -4.2% |
| 1990 | 30.9% | +3.4% |
| 1991 | 31.1% | +0.6% |
| 1992 | 29.0% | -6.6% |
| 1993 | 28.3% | -2.5% |
| 1994 | 29.2% | +3.4% |
| 1995 | 30.5% | +4.2% |
| 1996 | 34.1% | +11.9% |
| 1997 | 34.4% | +0.9% |
| 1998 | 37.5% | +9.1% |
| 1999 | 36.5% | -2.8% |
| 2000 | 38.5% | +5.6% |
| 2001 | 37.4% | -2.9% |
| 2002 | 33.6% | -10.2% |
| 2003 | 35.2% | +4.8% |
| 2004 | 37.6% | +7.1% |
| 2005 | 41.4% | +9.9% |
| 2006 | 46.6% | +12.6% |
| 2007 | 41.2% | -11.5% |
| 2008 | 42.0% | +1.8% |
| 2009 | 40.5% | -3.5% |
| 2010 | 41.3% | +2.1% |
| 2011 | 46.2% | +11.7% |
| 2012 | 48.2% | +4.5% |
| 2013 | 44.9% | -7.0% |
| 2014 | 44.4% | -1.1% |
| 2015 | 43.6% | -1.8% |
| 2016 | 40.3% | -7.5% |
| 2017 | 40.7% | +1.0% |
| 2018 | 42.5% | +4.4% |
| 2019 | 39.1% | -8.0% |
| 2020 | 34.5% | -11.7% |
| 2021 | 38.9% | +12.6% |
| 2022 | 46.3% | +19.1% |
| 2023 | 43.3% | -6.5% |
| 2024 | 43.7% | +1.1% |
| 2025 | 42.4% | -3.1% |
Iceland compared with similar countries
- Iceland's 42.4% is below the median for high income countries, which is 51.2%, 83% of the median. (72 countries reporting)
- Iceland's 42.4% is below the median for Europe & Central Asia, which is 52.7%, 80% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.5% | 32.0% | 41.9% | 10 |
| 1980s | 34.2% | 29.9% | 38.3% | 10 |
| 1990s | 32.1% | 28.3% | 37.5% | 10 |
| 2000s | 39.4% | 33.6% | 46.6% | 10 |
| 2010s | 43.1% | 39.1% | 48.2% | 10 |
| 2020s | 41.5% | 34.5% | 46.3% | 6 |
Countries ranked near Iceland
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 in Iceland?
- Imports of goods and services in Iceland was 42.4% 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 48.2% in 2012.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 28.3% in 1993.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 103rd out of 193 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.