Service exports in Iceland
Iceland: Service exports was 8.16 billion BoP, current US$ in 2025. ◆ Volatile
Service exports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Iceland is 8.16 billion BoP, current US$, measured in 2025. That is the highest value across all 50 years on record.
The figure is up 14.6% on the previous year and up 85.8% over ten years.
Over the whole period, service exports in Iceland peaked at 8.16 billion BoP, current US$ in 2025 and was at its lowest, 172.50 million BoP, current US$, in 1976.
Iceland ranks 79th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 234.85 million BoP, current US$ | 172.50 million BoP, current US$ | 292.80 million BoP, current US$ | 4 |
| 1980s | 405.07 million BoP, current US$ | 279.80 million BoP, current US$ | 541.90 million BoP, current US$ | 10 |
| 1990s | 716.15 million BoP, current US$ | 559.99 million BoP, current US$ | 963.80 million BoP, current US$ | 10 |
| 2000s | 1.95 billion BoP, current US$ | 1.07 billion BoP, current US$ | 3.02 billion BoP, current US$ | 10 |
| 2010s | 4.70 billion BoP, current US$ | 3.02 billion BoP, current US$ | 6.64 billion BoP, current US$ | 10 |
| 2020s | 5.83 billion BoP, current US$ | 2.82 billion BoP, current US$ | 8.16 billion BoP, current US$ | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is service exports in Iceland?
- Service exports in Iceland was 8.16 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Iceland?
- The highest recorded value was 8.16 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Iceland?
- The lowest recorded value was 172.50 million BoP, current US$ in 1976.
- How does Iceland rank for service exports?
- Iceland ranks 79th out of 198 countries with data for 2025.
- Is service exports rising or falling in Iceland?
- Over the last ten years it is up 85.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.