NAAG Chapter 3: Expenditure — Terms of trade in Iceland
Iceland: NAAG Chapter 3: Expenditure — Terms of trade was 106.27 Index in 2025. ▼ Falling
NAAG Chapter 3: Expenditure — Terms of trade in Iceland, 1970–2025
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
Iceland recorded 106.27 Index for naag chapter 3: expenditure — terms of trade in 2025.
That represents a change of up 3.4% on the previous year and up 4.9% over ten years.
Over the whole period, naag chapter 3: expenditure — terms of trade in Iceland peaked at 132.62 Index in 1973 and was at its lowest, 91.58 Index, in 2013.
That places Iceland 8th out of 33 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently falling across the 56 years of available data.
NAAG Chapter 3: Expenditure — Terms of trade in Iceland, year by year
| Year | Index | Change |
|---|---|---|
| 1970 | 110.48 Index | — |
| 1971 | 123.1 Index | +11.4% |
| 1972 | 120.47 Index | -2.1% |
| 1973 | 132.62 Index | +10.1% |
| 1974 | 123.84 Index | -6.6% |
| 1975 | 110.15 Index | -11.1% |
| 1976 | 118.73 Index | +7.8% |
| 1977 | 127.02 Index | +7.0% |
| 1978 | 127.35 Index | +0.3% |
| 1979 | 116.39 Index | -8.6% |
| 1980 | 113.16 Index | -2.8% |
| 1981 | 112.69 Index | -0.4% |
| 1982 | 111.88 Index | -0.7% |
| 1983 | 110.37 Index | -1.3% |
| 1984 | 111.1 Index | +0.7% |
| 1985 | 110.06 Index | -0.9% |
| 1986 | 116 Index | +5.4% |
| 1987 | 120.97 Index | +4.3% |
| 1988 | 119.99 Index | -0.8% |
| 1989 | 115.29 Index | -3.9% |
| 1990 | 113.02 Index | -2.0% |
| 1991 | 116.91 Index | +3.4% |
| 1992 | 116.27 Index | -0.5% |
| 1993 | 112.04 Index | -3.6% |
| 1994 | 112.36 Index | +0.3% |
| 1995 | 113.53 Index | +1.0% |
| 1996 | 110.01 Index | -3.1% |
| 1997 | 112.13 Index | +1.9% |
| 1998 | 117.83 Index | +5.1% |
| 1999 | 116.94 Index | -0.8% |
| 2000 | 113.75 Index | -2.7% |
| 2001 | 113.85 Index | +0.1% |
| 2002 | 114.55 Index | +0.6% |
| 2003 | 109.66 Index | -4.3% |
| 2004 | 107.93 Index | -1.6% |
| 2005 | 108.71 Index | +0.7% |
| 2006 | 111.84 Index | +2.9% |
| 2007 | 107.61 Index | -3.8% |
| 2008 | 100.34 Index | -6.8% |
| 2009 | 92.9 Index | -7.4% |
| 2010 | 97.44 Index | +4.9% |
| 2011 | 95.49 Index | -2.0% |
| 2012 | 92.8 Index | -2.8% |
| 2013 | 91.58 Index | -1.3% |
| 2014 | 94.64 Index | +3.3% |
| 2015 | 101.31 Index | +7.1% |
| 2016 | 103.7 Index | +2.4% |
| 2017 | 105.85 Index | +2.1% |
| 2018 | 101.57 Index | -4.0% |
| 2019 | 101 Index | -0.6% |
| 2020 | 100 Index | -1.0% |
| 2021 | 104 Index | +4.0% |
| 2022 | 106.22 Index | +2.1% |
| 2023 | 100.97 Index | -4.9% |
| 2024 | 102.74 Index | +1.7% |
| 2025 | 106.27 Index | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 121.02 Index | 110.15 Index | 132.62 Index | 10 |
| 1980s | 114.15 Index | 110.06 Index | 120.97 Index | 10 |
| 1990s | 114.1 Index | 110.01 Index | 117.83 Index | 10 |
| 2000s | 108.11 Index | 92.9 Index | 114.55 Index | 10 |
| 2010s | 98.54 Index | 91.58 Index | 105.85 Index | 10 |
| 2020s | 103.37 Index | 100 Index | 106.27 Index | 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)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2006 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 19,720 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.17 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.76 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.53 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
Frequently asked questions
- What is naag chapter 3: expenditure — terms of trade in Iceland?
- Naag chapter 3: expenditure — terms of trade in Iceland was 106.27 Index in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest naag chapter 3: expenditure — terms of trade recorded in Iceland?
- The highest recorded value was 132.62 Index in 1973.
- What is the lowest naag chapter 3: expenditure — terms of trade recorded in Iceland?
- The lowest recorded value was 91.58 Index in 2013.
- How does Iceland rank for naag chapter 3: expenditure — terms of trade?
- Iceland ranks 8th out of 33 countries with data for 2025.
- Is naag chapter 3: expenditure — terms of trade rising or falling in Iceland?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of NAAG Chapter 3: Expenditure — Terms of trade. Statizoid updates them automatically from the source API.
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About this data
The National Accounts at a Glance (NAAG) is based on the original publication and has nine chapters: The first chapter focuses on indicators of Gross Domestic Product (GDP). The second is about income and related indicators and presents measures of net national income, savings and net lending/net borrowing. The third chapter looks at the expenditure approach to GDP, with information on the key components of demand and imports. The fourth chapter presents indicators from a production perspective. The fifth chapter looks at household sector indicators such as household disposable income, saving and net worth. The sixth chapter focuses on general government, presenting indicators such as general government revenue, expenditure and gross debt. The seventh chapter looks at financial and non-financial corporations. The eighth chapter presents indicators of capital stock and depreciation. Finally, chapter 9 provides reference indicators, important in their own right but also because they are used in the construction of many of the indicators presented elsewhere in NAAG.