Terms of trade adjustment (constant LCU), annual growth rate in Iceland
Iceland: Terms of trade adjustment (constant LCU), annual growth rate was 131.19 % change on previous year in 2025. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 131.19 % change on previous year for terms of trade adjustment (constant lcu), annual growth rate in 2025.
Compared with earlier readings it is down 25.1% on the previous year and up 3.7% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Iceland peaked at 216.82 % change on previous year in 2016 and was at its lowest, -100 % change on previous year, in 2020.
Iceland ranks 16th of 178 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 102.25 % change on previous year | — |
| 1972 | 1.46 % change on previous year | -98.6% |
| 1973 | 73.2 % change on previous year | +4927.6% |
| 1974 | -28.87 % change on previous year | -139.4% |
| 1975 | -56.3 % change on previous year | +95.0% |
| 1976 | 108.59 % change on previous year | -292.9% |
| 1977 | 57.17 % change on previous year | -47.4% |
| 1978 | 16.54 % change on previous year | -71.1% |
| 1979 | -36.32 % change on previous year | -319.7% |
| 1980 | -17.5 % change on previous year | -51.8% |
| 1981 | -0.5596 % change on previous year | -96.8% |
| 1982 | -14.77 % change on previous year | +2538.7% |
| 1983 | -3.08 % change on previous year | -79.1% |
| 1984 | 9.63 % change on previous year | -412.5% |
| 1985 | 0.6289 % change on previous year | -93.5% |
| 1986 | 68.54 % change on previous year | +10799.4% |
| 1987 | 35.32 % change on previous year | -48.5% |
| 1988 | -8.1 % change on previous year | -123.0% |
| 1989 | -21.26 % change on previous year | +162.3% |
| 1990 | -14.86 % change on previous year | -30.1% |
| 1991 | 22.19 % change on previous year | -249.3% |
| 1992 | -5.71 % change on previous year | -125.7% |
| 1993 | -21.15 % change on previous year | +270.2% |
| 1994 | 12.14 % change on previous year | -157.4% |
| 1995 | 6.96 % change on previous year | -42.7% |
| 1996 | -19.99 % change on previous year | -387.4% |
| 1997 | 26.91 % change on previous year | -234.7% |
| 1998 | 49.2 % change on previous year | +82.8% |
| 1999 | -2 % change on previous year | -104.1% |
| 2000 | -15.6 % change on previous year | +679.5% |
| 2001 | 7.56 % change on previous year | -148.5% |
| 2002 | 8.8 % change on previous year | +16.3% |
| 2003 | -33.08 % change on previous year | -476.0% |
| 2004 | -11.11 % change on previous year | -66.4% |
| 2005 | 18.02 % change on previous year | -262.2% |
| 2006 | 29.78 % change on previous year | +65.3% |
| 2007 | -20.56 % change on previous year | -169.0% |
| 2008 | -95.31 % change on previous year | +363.6% |
| 2010 | 63.69 % change on previous year | -166.8% |
| 2011 | -81.26 % change on previous year | -227.6% |
| 2012 | -64.7 % change on previous year | -20.4% |
| 2013 | -24.3 % change on previous year | -62.4% |
| 2014 | 33.97 % change on previous year | -239.8% |
| 2015 | 126.53 % change on previous year | +272.5% |
| 2016 | 216.82 % change on previous year | +71.4% |
| 2017 | 65.59 % change on previous year | -69.7% |
| 2018 | -72.63 % change on previous year | -210.7% |
| 2019 | -38.77 % change on previous year | -46.6% |
| 2020 | -100 % change on previous year | +157.9% |
| 2022 | 95.69 % change on previous year | -195.7% |
| 2023 | -83.72 % change on previous year | -187.5% |
| 2024 | 175.11 % change on previous year | -309.2% |
| 2025 | 131.19 % change on previous year | -25.1% |
Iceland compared with similar countries
- Iceland's 131.19 % change on previous year is above the median for high income countries, which is 12.48 % change on previous year, 10.5× the median. (63 countries reporting)
- Iceland's 131.19 % change on previous year is above the median for Europe & Central Asia, which is 19.41 % change on previous year, 6.8× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Terms of trade adjustment (constant LCU), annual growth rate in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +10799.4% | 0.6289 % change on previous year | 68.54 % change on previous year |
| 1973 | +4927.6% | 1.46 % change on previous year | 73.2 % change on previous year |
| 1982 | -2538.7% | -0.5596 % change on previous year | -14.77 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.41 % change on previous year | -56.3 % change on previous year | 108.59 % change on previous year | 9 |
| 1980s | 4.88 % change on previous year | -21.26 % change on previous year | 68.54 % change on previous year | 10 |
| 1990s | 5.37 % change on previous year | -21.15 % change on previous year | 49.2 % change on previous year | 10 |
| 2000s | -12.39 % change on previous year | -95.31 % change on previous year | 29.78 % change on previous year | 9 |
| 2010s | 22.49 % change on previous year | -81.26 % change on previous year | 216.82 % change on previous year | 10 |
| 2020s | 43.65 % change on previous year | -100 % change on previous year | 175.11 % change on previous year | 5 |
Countries ranked near Iceland
- 13 Malaysia 145.75 % change on previous year compare
- 14 San Marino 144.58 % change on previous year compare
- 15 Guam 141.4 % change on previous year compare
- 17 Burkina Faso 123 % change on previous year compare
- 18 American Samoa 119.5 % change on previous year compare
- 19 Sudan 112.5 % change on previous year 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 terms of trade adjustment (constant lcu), annual growth rate in Iceland?
- Terms of trade adjustment (constant lcu), annual growth rate in Iceland was 131.19 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 216.82 % change on previous year in 2016.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -100 % change on previous year in 2020.
- How does Iceland rank for terms of trade adjustment (constant lcu), annual growth rate?
- Iceland ranks 16th out of 178 countries with data for 2025.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 3.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment 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
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.