Share of services in total exports in Iceland
Iceland: Share of services in total exports was 52.5% in 2025. ▲ Rising
Share of services in total exports in Iceland, 1976–2025
Source: United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data. Measured in % of goods and services exports.
Analysis
In 2025, share of services in total exports in Iceland stood at 52.5%.
The figure is up 3.7% on the previous year and up 8.5% over ten years.
Over the whole period, share of services in total exports in Iceland peaked at 56.0% in 2017 and was at its lowest, 23.3%, in 1980.
Iceland ranks 49th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Share of services in total exports in Iceland, year by year
| Year | % of goods and services exports | Change |
|---|---|---|
| 1976 | 30.0% | — |
| 1977 | 29.3% | -2.5% |
| 1978 | 29.0% | -0.8% |
| 1979 | 27.3% | -6.0% |
| 1980 | 23.3% | -14.6% |
| 1981 | 25.2% | +8.3% |
| 1982 | 33.2% | +31.4% |
| 1983 | 31.6% | -4.9% |
| 1984 | 31.8% | +0.8% |
| 1985 | 32.6% | +2.5% |
| 1986 | 29.2% | -10.4% |
| 1987 | 28.2% | -3.4% |
| 1988 | 27.2% | -3.9% |
| 1989 | 26.9% | -0.8% |
| 1990 | 26.1% | -3.3% |
| 1991 | 27.0% | +3.6% |
| 1992 | 27.8% | +3.1% |
| 1993 | 30.1% | +8.0% |
| 1994 | 28.4% | -5.5% |
| 1995 | 27.7% | -2.5% |
| 1996 | 28.9% | +4.4% |
| 1997 | 31.1% | +7.6% |
| 1998 | 33.3% | +7.0% |
| 1999 | 33.1% | -0.6% |
| 2000 | 36.9% | +11.7% |
| 2001 | 37.8% | +2.2% |
| 2002 | 36.5% | -3.2% |
| 2003 | 39.7% | +8.7% |
| 2004 | 38.9% | -2.1% |
| 2005 | 43.5% | +11.8% |
| 2006 | 41.5% | -4.6% |
| 2007 | 42.3% | +1.9% |
| 2008 | 37.4% | -11.6% |
| 2009 | 41.9% | +12.0% |
| 2010 | 42.3% | +1.0% |
| 2011 | 41.6% | -1.6% |
| 2012 | 43.1% | +3.6% |
| 2013 | 46.5% | +7.9% |
| 2014 | 46.7% | +0.4% |
| 2015 | 48.4% | +3.5% |
| 2016 | 54.6% | +13.0% |
| 2017 | 56.0% | +2.5% |
| 2018 | 53.5% | -4.4% |
| 2019 | 51.9% | -3.1% |
| 2020 | 37.4% | -27.9% |
| 2021 | 37.6% | +0.4% |
| 2022 | 44.5% | +18.6% |
| 2023 | 51.3% | +15.1% |
| 2024 | 50.6% | -1.4% |
| 2025 | 52.5% | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.9% | 27.3% | 30.0% | 4 |
| 1980s | 28.9% | 23.3% | 33.2% | 10 |
| 1990s | 29.3% | 26.1% | 33.3% | 10 |
| 2000s | 39.6% | 36.5% | 43.5% | 10 |
| 2010s | 48.5% | 41.6% | 56.0% | 10 |
| 2020s | 45.6% | 37.4% | 52.5% | 6 |
Countries ranked near Iceland
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 (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
Frequently asked questions
- What is share of services in total exports in Iceland?
- Share of services in total exports in Iceland was 52.5% in 2025, according to United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data.
- What is the highest share of services in total exports recorded in Iceland?
- The highest recorded value was 56.0% in 2017.
- What is the lowest share of services in total exports recorded in Iceland?
- The lowest recorded value was 23.3% in 1980.
- How does Iceland rank for share of services in total exports?
- Iceland ranks 49th out of 198 countries with data for 2025.
- Is share of services in total exports rising or falling in Iceland?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data, published as part of Share of services in total exports. Statizoid updates them automatically from the source API.
Download this data
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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.