Trade in services as share of GDP in Iceland
Iceland: Trade in services as share of GDP was 36.6% in 2025. ▲ Rising
Latest (2025)
36.6%
Change on year
down 1.4%
World rank
51st
of 198 countries
All-time high
41.7%
in 2013
All-time low
15.5%
in 1980
Years of data
50
1976–2025
Trade in services as share of GDP in Iceland, 1976–2025
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Iceland recorded 36.6% for trade in services as share of gdp in 2025.
The figure is down 1.4% on the previous year and down 9.7% over ten years.
Over the whole period, trade in services as share of gdp in Iceland peaked at 41.7% in 2013 and was at its lowest, 15.5%, in 1980.
Iceland ranks 51st of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Trade in services as share of GDP in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 16.8% | — |
| 1977 | 15.8% | -5.6% |
| 1978 | 17.5% | +10.3% |
| 1979 | 18.5% | +5.9% |
| 1980 | 15.5% | -16.2% |
| 1981 | 16.2% | +4.3% |
| 1982 | 19.6% | +20.9% |
| 1983 | 21.8% | +11.3% |
| 1984 | 22.2% | +2.0% |
| 1985 | 24.5% | +10.5% |
| 1986 | 20.0% | -18.3% |
| 1987 | 18.4% | -8.1% |
| 1988 | 16.9% | -8.3% |
| 1989 | 17.2% | +2.1% |
| 1990 | 16.7% | -3.3% |
| 1991 | 16.5% | -1.1% |
| 1992 | 16.1% | -2.4% |
| 1993 | 18.5% | +15.1% |
| 1994 | 18.1% | -2.3% |
| 1995 | 17.8% | -1.4% |
| 1996 | 19.3% | +8.2% |
| 1997 | 20.8% | +7.9% |
| 1998 | 21.9% | +5.1% |
| 1999 | 21.4% | -2.0% |
| 2000 | 23.8% | +10.9% |
| 2001 | 26.2% | +10.0% |
| 2002 | 24.4% | -6.9% |
| 2003 | 25.4% | +4.2% |
| 2004 | 25.1% | -1.0% |
| 2005 | 27.0% | +7.7% |
| 2006 | 26.2% | -3.2% |
| 2007 | 26.8% | +2.5% |
| 2008 | 28.5% | +6.2% |
| 2009 | 35.2% | +23.5% |
| 2010 | 37.4% | +6.1% |
| 2011 | 39.1% | +4.8% |
| 2012 | 41.4% | +5.8% |
| 2013 | 41.7% | +0.6% |
| 2014 | 40.7% | -2.3% |
| 2015 | 40.6% | -0.3% |
| 2016 | 41.2% | +1.6% |
| 2017 | 40.4% | -1.9% |
| 2018 | 40.5% | +0.1% |
| 2019 | 37.5% | -7.4% |
| 2020 | 23.3% | -37.8% |
| 2021 | 25.6% | +9.7% |
| 2022 | 36.0% | +41.0% |
| 2023 | 37.7% | +4.6% |
| 2024 | 37.1% | -1.4% |
| 2025 | 36.6% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.1% | 15.8% | 18.5% | 4 |
| 1980s | 19.2% | 15.5% | 24.5% | 10 |
| 1990s | 18.7% | 16.1% | 21.9% | 10 |
| 2000s | 26.9% | 23.8% | 35.2% | 10 |
| 2010s | 40.0% | 37.4% | 41.7% | 10 |
| 2020s | 32.7% | 23.3% | 37.7% | 6 |
Countries ranked near Iceland
- 48 Kyrgyzstan 37.1% compare
- 49 Armenia 36.8% compare
- 50 South Sudan 36.7% compare
- 52 Micronesia, Federated States of 36.4% compare
- 53 Croatia 35.7% compare
- 54 Austria 35.2% 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)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services as share of gdp in Iceland?
- Trade in services as share of gdp in Iceland was 36.6% in 2025, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Iceland?
- The highest recorded value was 41.7% in 2013.
- What is the lowest trade in services as share of gdp recorded in Iceland?
- The lowest recorded value was 15.5% in 1980.
- How does Iceland rank for trade in services as share of gdp?
- Iceland ranks 51st out of 198 countries with data for 2025.
- Is trade in services as share of gdp rising or falling in Iceland?
- Over the last ten years it is down 9.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).