Service imports (BoP, current US$), per unit of GDP in Iceland
Iceland: Service imports (BoP, current US$), per unit of GDP was 0.1549 BoP, current US$ per US$ of GDP in 2025. ▲ Rising
Service imports (BoP, current US$), per unit of GDP in Iceland, 1976–2025
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
The most recent figure for service imports (bop, current us$), per unit of gdp in Iceland is 0.1549 BoP, current US$ per US$ of GDP, measured in 2025.
That represents a change of down 1.2% on the previous year and down 1.6% over ten years.
Over the whole period, service imports (bop, current us$), per unit of gdp in Iceland peaked at 0.1805 BoP, current US$ per US$ of GDP in 2012 and was at its lowest, 0.0655 BoP, current US$ per US$ of GDP, in 1977.
That places Iceland 59th out of 199 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Service imports (BoP, current US$), per unit of GDP in Iceland, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1976 | 0.0678 BoP, current US$ per US$ of GDP | — |
| 1977 | 0.0655 BoP, current US$ per US$ of GDP | -3.4% |
| 1978 | 0.0739 BoP, current US$ per US$ of GDP | +12.8% |
| 1979 | 0.0858 BoP, current US$ per US$ of GDP | +16.2% |
| 1980 | 0.0751 BoP, current US$ per US$ of GDP | -12.5% |
| 1981 | 0.078 BoP, current US$ per US$ of GDP | +3.9% |
| 1982 | 0.093 BoP, current US$ per US$ of GDP | +19.2% |
| 1983 | 0.0981 BoP, current US$ per US$ of GDP | +5.5% |
| 1984 | 0.1049 BoP, current US$ per US$ of GDP | +7.0% |
| 1985 | 0.1175 BoP, current US$ per US$ of GDP | +12.0% |
| 1986 | 0.0905 BoP, current US$ per US$ of GDP | -23.0% |
| 1987 | 0.0892 BoP, current US$ per US$ of GDP | -1.4% |
| 1988 | 0.0847 BoP, current US$ per US$ of GDP | -5.0% |
| 1989 | 0.0843 BoP, current US$ per US$ of GDP | -0.5% |
| 1990 | 0.083 BoP, current US$ per US$ of GDP | -1.5% |
| 1991 | 0.0847 BoP, current US$ per US$ of GDP | +2.0% |
| 1992 | 0.0805 BoP, current US$ per US$ of GDP | -4.9% |
| 1993 | 0.0919 BoP, current US$ per US$ of GDP | +14.2% |
| 1994 | 0.0873 BoP, current US$ per US$ of GDP | -5.0% |
| 1995 | 0.0846 BoP, current US$ per US$ of GDP | -3.1% |
| 1996 | 0.093 BoP, current US$ per US$ of GDP | +9.9% |
| 1997 | 0.0999 BoP, current US$ per US$ of GDP | +7.4% |
| 1998 | 0.1081 BoP, current US$ per US$ of GDP | +8.2% |
| 1999 | 0.1086 BoP, current US$ per US$ of GDP | +0.5% |
| 2000 | 0.1206 BoP, current US$ per US$ of GDP | +11.0% |
| 2001 | 0.1238 BoP, current US$ per US$ of GDP | +2.6% |
| 2002 | 0.1146 BoP, current US$ per US$ of GDP | -7.4% |
| 2003 | 0.1257 BoP, current US$ per US$ of GDP | +9.7% |
| 2004 | 0.1263 BoP, current US$ per US$ of GDP | +0.5% |
| 2005 | 0.1408 BoP, current US$ per US$ of GDP | +11.5% |
| 2006 | 0.1375 BoP, current US$ per US$ of GDP | -2.3% |
| 2007 | 0.1311 BoP, current US$ per US$ of GDP | -4.6% |
| 2008 | 0.1328 BoP, current US$ per US$ of GDP | +1.3% |
| 2009 | 0.1493 BoP, current US$ per US$ of GDP | +12.4% |
| 2010 | 0.1565 BoP, current US$ per US$ of GDP | +4.8% |
| 2011 | 0.1669 BoP, current US$ per US$ of GDP | +6.7% |
| 2012 | 0.1805 BoP, current US$ per US$ of GDP | +8.1% |
| 2013 | 0.1704 BoP, current US$ per US$ of GDP | -5.6% |
| 2014 | 0.169 BoP, current US$ per US$ of GDP | -0.8% |
| 2015 | 0.1573 BoP, current US$ per US$ of GDP | -6.9% |
| 2016 | 0.1513 BoP, current US$ per US$ of GDP | -3.8% |
| 2017 | 0.1477 BoP, current US$ per US$ of GDP | -2.4% |
| 2018 | 0.1557 BoP, current US$ per US$ of GDP | +5.4% |
| 2019 | 0.1428 BoP, current US$ per US$ of GDP | -8.2% |
| 2020 | 0.1048 BoP, current US$ per US$ of GDP | -26.6% |
| 2021 | 0.1153 BoP, current US$ per US$ of GDP | +10.1% |
| 2022 | 0.1532 BoP, current US$ per US$ of GDP | +32.8% |
| 2023 | 0.1509 BoP, current US$ per US$ of GDP | -1.5% |
| 2024 | 0.1568 BoP, current US$ per US$ of GDP | +3.9% |
| 2025 | 0.1549 BoP, current US$ per US$ of GDP | -1.2% |
Iceland compared with similar countries
- Iceland's 0.1549 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.1373 BoP, current US$ per US$ of GDP, 1.1× the median. (72 countries reporting)
- Iceland's 0.1549 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.1342 BoP, current US$ per US$ of GDP, 1.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0733 BoP, current US$ per US$ of GDP | 0.0655 BoP, current US$ per US$ of GDP | 0.0858 BoP, current US$ per US$ of GDP | 4 |
| 1980s | 0.0915 BoP, current US$ per US$ of GDP | 0.0751 BoP, current US$ per US$ of GDP | 0.1175 BoP, current US$ per US$ of GDP | 10 |
| 1990s | 0.0921 BoP, current US$ per US$ of GDP | 0.0805 BoP, current US$ per US$ of GDP | 0.1086 BoP, current US$ per US$ of GDP | 10 |
| 2000s | 0.1303 BoP, current US$ per US$ of GDP | 0.1146 BoP, current US$ per US$ of GDP | 0.1493 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.1598 BoP, current US$ per US$ of GDP | 0.1428 BoP, current US$ per US$ of GDP | 0.1805 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.1393 BoP, current US$ per US$ of GDP | 0.1048 BoP, current US$ per US$ of GDP | 0.1568 BoP, current US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 56 Solomon Islands 0.1568 BoP, current US$ per US$ of GDP compare
- 57 Bahamas 0.1562 BoP, current US$ per US$ of GDP compare
- 58 Palau 0.1557 BoP, current US$ per US$ of GDP compare
- 60 Finland 0.1544 BoP, current US$ per US$ of GDP compare
- 61 Mauritius 0.1526 BoP, current US$ per US$ of GDP compare
- 62 Albania 0.149 BoP, current US$ 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is service imports (bop, current us$), per unit of gdp in Iceland?
- Service imports (bop, current us$), per unit of gdp in Iceland was 0.1549 BoP, current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 0.1805 BoP, current US$ per US$ of GDP in 2012.
- What is the lowest service imports (bop, current us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.0655 BoP, current US$ per US$ of GDP in 1977.
- How does Iceland rank for service imports (bop, current us$), per unit of gdp?
- Iceland ranks 59th out of 199 countries with data for 2025.
- Is service imports (bop, current us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Service imports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service imports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.