Service imports (BoP, current US$) in Iceland
Iceland: Service imports (BoP, current US$) was 5.97 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
5.97 billion BoP, current US$
Change on year
up 14.7%
World rank
85th
of 200 countries
All-time high
5.97 billion BoP, current US$
in 2025
All-time low
117.20 million BoP, current US$
in 1976
Years of data
50
1976–2025
Service imports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 5.97 billion BoP, current US$ for service imports in 2025. That is the highest value across all 50 years on record.
The figure is up 14.7% on the previous year and up 114.4% over ten years.
Over the whole period, service imports in Iceland peaked at 5.97 billion BoP, current US$ in 2025 and was at its lowest, 117.20 million BoP, current US$, in 1976.
Iceland ranks 85th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$) in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 117.20 million BoP, current US$ | — |
| 1977 | 149.80 million BoP, current US$ | +27.8% |
| 1978 | 192.10 million BoP, current US$ | +28.2% |
| 1979 | 253.50 million BoP, current US$ | +32.0% |
| 1980 | 262.80 million BoP, current US$ | +3.7% |
| 1981 | 282.00 million BoP, current US$ | +7.3% |
| 1982 | 308.50 million BoP, current US$ | +9.4% |
| 1983 | 280.70 million BoP, current US$ | -9.0% |
| 1984 | 310.90 million BoP, current US$ | +10.8% |
| 1985 | 362.90 million BoP, current US$ | +16.7% |
| 1986 | 373.60 million BoP, current US$ | +2.9% |
| 1987 | 509.90 million BoP, current US$ | +36.5% |
| 1988 | 535.60 million BoP, current US$ | +5.0% |
| 1989 | 494.80 million BoP, current US$ | -7.6% |
| 1990 | 555.86 million BoP, current US$ | +12.3% |
| 1991 | 605.40 million BoP, current US$ | +8.9% |
| 1992 | 589.77 million BoP, current US$ | -2.6% |
| 1993 | 591.50 million BoP, current US$ | +0.3% |
| 1994 | 577.30 million BoP, current US$ | -2.4% |
| 1995 | 623.77 million BoP, current US$ | +8.0% |
| 1996 | 714.50 million BoP, current US$ | +14.5% |
| 1997 | 770.70 million BoP, current US$ | +7.9% |
| 1998 | 933.56 million BoP, current US$ | +21.1% |
| 1999 | 989.04 million BoP, current US$ | +5.9% |
| 2000 | 1.10 billion BoP, current US$ | +11.4% |
| 2001 | 1.03 billion BoP, current US$ | -6.5% |
| 2002 | 1.08 billion BoP, current US$ | +4.7% |
| 2003 | 1.45 billion BoP, current US$ | +34.8% |
| 2004 | 1.76 billion BoP, current US$ | +21.3% |
| 2005 | 2.41 billion BoP, current US$ | +36.9% |
| 2006 | 2.43 billion BoP, current US$ | +0.6% |
| 2007 | 2.88 billion BoP, current US$ | +18.5% |
| 2008 | 2.42 billion BoP, current US$ | -15.8% |
| 2009 | 1.97 billion BoP, current US$ | -18.6% |
| 2010 | 2.18 billion BoP, current US$ | +10.5% |
| 2011 | 2.57 billion BoP, current US$ | +18.0% |
| 2012 | 2.70 billion BoP, current US$ | +5.0% |
| 2013 | 2.77 billion BoP, current US$ | +2.6% |
| 2014 | 3.05 billion BoP, current US$ | +10.3% |
| 2015 | 2.79 billion BoP, current US$ | -8.7% |
| 2016 | 3.19 billion BoP, current US$ | +14.6% |
| 2017 | 3.70 billion BoP, current US$ | +16.0% |
| 2018 | 4.15 billion BoP, current US$ | +12.2% |
| 2019 | 3.57 billion BoP, current US$ | -14.1% |
| 2020 | 2.31 billion BoP, current US$ | -35.3% |
| 2021 | 3.03 billion BoP, current US$ | +31.1% |
| 2022 | 4.47 billion BoP, current US$ | +47.7% |
| 2023 | 4.78 billion BoP, current US$ | +7.0% |
| 2024 | 5.20 billion BoP, current US$ | +8.8% |
| 2025 | 5.97 billion BoP, current US$ | +14.7% |
Iceland compared with similar countries
- Iceland's 5.97 billion BoP, current US$ is below the median for high income countries, which is 18.89 billion BoP, current US$, 32% of the median. (72 countries reporting)
- Iceland's 5.97 billion BoP, current US$ is below the median for Europe & Central Asia, which is 17.48 billion BoP, current US$, 34% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 178.15 million BoP, current US$ | 117.20 million BoP, current US$ | 253.50 million BoP, current US$ | 4 |
| 1980s | 372.17 million BoP, current US$ | 262.80 million BoP, current US$ | 535.60 million BoP, current US$ | 10 |
| 1990s | 695.14 million BoP, current US$ | 555.86 million BoP, current US$ | 989.04 million BoP, current US$ | 10 |
| 2000s | 1.86 billion BoP, current US$ | 1.03 billion BoP, current US$ | 2.88 billion BoP, current US$ | 10 |
| 2010s | 3.07 billion BoP, current US$ | 2.18 billion BoP, current US$ | 4.15 billion BoP, current US$ | 10 |
| 2020s | 4.29 billion BoP, current US$ | 2.31 billion BoP, current US$ | 5.97 billion BoP, current US$ | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is service imports in Iceland?
- Service imports in Iceland was 5.97 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 imports recorded in Iceland?
- The highest recorded value was 5.97 billion BoP, current US$ in 2025.
- What is the lowest service imports recorded in Iceland?
- The lowest recorded value was 117.20 million BoP, current US$ in 1976.
- How does Iceland rank for service imports?
- Iceland ranks 85th out of 200 countries with data for 2025.
- Is service imports rising or falling in Iceland?
- Over the last ten years it is up 114.4%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Imports of services are services provided by non-residents to 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.