Share of service in total exports in Iceland
Iceland: Share of service in total exports was 7.40 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
7.40 billion BoP, current US$
Change on year
up 6.2%
World rank
111th
of 198 countries
All-time high
7.53 billion BoP, current US$
in 2022
All-time low
402.00 million BoP, current US$
in 1976
Years of data
50
1976–2025
Share of service in total exports in Iceland, 1976–2025
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
Iceland recorded 7.40 billion BoP, current US$ for share of service in total exports in 2025.
The figure is up 6.2% on the previous year and up 57.7% over ten years.
Over the whole period, share of service in total exports in Iceland peaked at 7.53 billion BoP, current US$ in 2022 and was at its lowest, 402.00 million BoP, current US$, in 1976.
That places Iceland 111th out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 402.00 million BoP, current US$ | — |
| 1977 | 512.60 million BoP, current US$ | +27.5% |
| 1978 | 640.30 million BoP, current US$ | +24.9% |
| 1979 | 779.60 million BoP, current US$ | +21.8% |
| 1980 | 919.80 million BoP, current US$ | +18.0% |
| 1981 | 896.40 million BoP, current US$ | -2.5% |
| 1982 | 685.50 million BoP, current US$ | -23.5% |
| 1983 | 742.00 million BoP, current US$ | +8.2% |
| 1984 | 743.20 million BoP, current US$ | +0.2% |
| 1985 | 814.00 million BoP, current US$ | +9.5% |
| 1986 | 1.10 billion BoP, current US$ | +34.7% |
| 1987 | 1.38 billion BoP, current US$ | +25.5% |
| 1988 | 1.43 billion BoP, current US$ | +3.6% |
| 1989 | 1.40 billion BoP, current US$ | -1.7% |
| 1990 | 1.59 billion BoP, current US$ | +13.3% |
| 1991 | 1.55 billion BoP, current US$ | -2.3% |
| 1992 | 1.53 billion BoP, current US$ | -1.4% |
| 1993 | 1.40 billion BoP, current US$ | -8.5% |
| 1994 | 1.56 billion BoP, current US$ | +11.5% |
| 1995 | 1.80 billion BoP, current US$ | +15.6% |
| 1996 | 1.89 billion BoP, current US$ | +4.8% |
| 1997 | 1.85 billion BoP, current US$ | -2.0% |
| 1998 | 1.92 billion BoP, current US$ | +3.6% |
| 1999 | 1.95 billion BoP, current US$ | +1.7% |
| 2000 | 1.83 billion BoP, current US$ | -6.2% |
| 2001 | 1.89 billion BoP, current US$ | +3.4% |
| 2002 | 2.11 billion BoP, current US$ | +11.6% |
| 2003 | 2.25 billion BoP, current US$ | +6.5% |
| 2004 | 2.74 billion BoP, current US$ | +22.0% |
| 2005 | 2.89 billion BoP, current US$ | +5.4% |
| 2006 | 3.10 billion BoP, current US$ | +7.3% |
| 2007 | 4.12 billion BoP, current US$ | +32.9% |
| 2008 | 4.65 billion BoP, current US$ | +13.0% |
| 2009 | 3.72 billion BoP, current US$ | -20.1% |
| 2010 | 4.12 billion BoP, current US$ | +10.9% |
| 2011 | 4.85 billion BoP, current US$ | +17.7% |
| 2012 | 4.61 billion BoP, current US$ | -5.0% |
| 2013 | 4.60 billion BoP, current US$ | -0.3% |
| 2014 | 4.90 billion BoP, current US$ | +6.5% |
| 2015 | 4.69 billion BoP, current US$ | -4.1% |
| 2016 | 4.57 billion BoP, current US$ | -2.7% |
| 2017 | 5.05 billion BoP, current US$ | +10.7% |
| 2018 | 5.77 billion BoP, current US$ | +14.1% |
| 2019 | 5.37 billion BoP, current US$ | -6.8% |
| 2020 | 4.73 billion BoP, current US$ | -12.0% |
| 2021 | 6.12 billion BoP, current US$ | +29.4% |
| 2022 | 7.53 billion BoP, current US$ | +23.1% |
| 2023 | 6.81 billion BoP, current US$ | -9.5% |
| 2024 | 6.97 billion BoP, current US$ | +2.3% |
| 2025 | 7.40 billion BoP, current US$ | +6.2% |
Iceland compared with similar countries
- Iceland's 7.40 billion BoP, current US$ is below the median for high income countries, which is 47.85 billion BoP, current US$, 15% of the median. (72 countries reporting)
- Iceland's 7.40 billion BoP, current US$ is below the median for Europe & Central Asia, which is 47.85 billion BoP, current US$, 15% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 583.62 million BoP, current US$ | 402.00 million BoP, current US$ | 779.60 million BoP, current US$ | 4 |
| 1980s | 1.01 billion BoP, current US$ | 685.50 million BoP, current US$ | 1.43 billion BoP, current US$ | 10 |
| 1990s | 1.70 billion BoP, current US$ | 1.40 billion BoP, current US$ | 1.95 billion BoP, current US$ | 10 |
| 2000s | 2.93 billion BoP, current US$ | 1.83 billion BoP, current US$ | 4.65 billion BoP, current US$ | 10 |
| 2010s | 4.85 billion BoP, current US$ | 4.12 billion BoP, current US$ | 5.77 billion BoP, current US$ | 10 |
| 2020s | 6.59 billion BoP, current US$ | 4.73 billion BoP, current US$ | 7.53 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 108 North Macedonia 7.87 billion BoP, current US$ compare
- 109 Zimbabwe 7.79 billion BoP, current US$ compare
- 110 Congo 7.51 billion BoP, current US$ compare
- 112 Honduras 6.88 billion BoP, current US$ compare
- 113 Nicaragua 6.84 billion BoP, current US$ compare
- 114 Cameroon 6.79 billion BoP, current US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is share of service in total exports in Iceland?
- Share of service in total exports in Iceland was 7.40 billion BoP, current US$ in 2025, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Iceland?
- The highest recorded value was 7.53 billion BoP, current US$ in 2022.
- What is the lowest share of service in total exports recorded in Iceland?
- The lowest recorded value was 402.00 million BoP, current US$ in 1976.
- How does Iceland rank for share of service in total exports?
- Iceland ranks 111th out of 198 countries with data for 2025.
- Is share of service in total exports rising or falling in Iceland?
- Over the last ten years it is up 57.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. 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
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.