Terms of trade adjustment in Iceland
Iceland: Terms of trade adjustment was 92.89 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
92.89 billion constant LCU
Change on year
up 131.2%
World rank
35th
of 178 countries
All-time high
96.88 billion constant LCU
in 1998
All-time low
-95.32 billion constant LCU
in 2013
Years of data
56
1970–2025
Terms of trade adjustment in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 92.89 billion constant LCU for terms of trade adjustment in 2025.
The figure is up 131.2% on the previous year and up 456.2% over ten years.
Over the whole period, terms of trade adjustment in Iceland peaked at 96.88 billion constant LCU in 1998 and was at its lowest, -95.32 billion constant LCU, in 2013.
Iceland ranks 35th of 178 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 20.79 billion constant LCU | — |
| 1971 | 42.05 billion constant LCU | +102.3% |
| 1972 | 42.66 billion constant LCU | +1.5% |
| 1973 | 73.89 billion constant LCU | +73.2% |
| 1974 | 52.55 billion constant LCU | -28.9% |
| 1975 | 22.96 billion constant LCU | -56.3% |
| 1976 | 47.90 billion constant LCU | +108.6% |
| 1977 | 75.28 billion constant LCU | +57.2% |
| 1978 | 87.73 billion constant LCU | +16.5% |
| 1979 | 55.86 billion constant LCU | -36.3% |
| 1980 | 46.09 billion constant LCU | -17.5% |
| 1981 | 45.83 billion constant LCU | -0.6% |
| 1982 | 39.06 billion constant LCU | -14.8% |
| 1983 | 37.86 billion constant LCU | -3.1% |
| 1984 | 41.50 billion constant LCU | +9.6% |
| 1985 | 41.77 billion constant LCU | +0.6% |
| 1986 | 70.39 billion constant LCU | +68.5% |
| 1987 | 95.25 billion constant LCU | +35.3% |
| 1988 | 87.53 billion constant LCU | -8.1% |
| 1989 | 68.92 billion constant LCU | -21.3% |
| 1990 | 58.68 billion constant LCU | -14.9% |
| 1991 | 71.70 billion constant LCU | +22.2% |
| 1992 | 67.61 billion constant LCU | -5.7% |
| 1993 | 53.31 billion constant LCU | -21.1% |
| 1994 | 59.78 billion constant LCU | +12.1% |
| 1995 | 63.94 billion constant LCU | +7.0% |
| 1996 | 51.16 billion constant LCU | -20.0% |
| 1997 | 64.93 billion constant LCU | +26.9% |
| 1998 | 96.88 billion constant LCU | +49.2% |
| 1999 | 94.94 billion constant LCU | -2.0% |
| 2000 | 80.12 billion constant LCU | -15.6% |
| 2001 | 86.18 billion constant LCU | +7.6% |
| 2002 | 93.77 billion constant LCU | +8.8% |
| 2003 | 62.75 billion constant LCU | -33.1% |
| 2004 | 55.78 billion constant LCU | -11.1% |
| 2005 | 65.83 billion constant LCU | +18.0% |
| 2006 | 85.43 billion constant LCU | +29.8% |
| 2007 | 67.87 billion constant LCU | -20.6% |
| 2008 | 3.18 billion constant LCU | -95.3% |
| 2009 | -70.75 billion constant LCU | -2322.1% |
| 2010 | -25.69 billion constant LCU | -63.7% |
| 2011 | -46.56 billion constant LCU | +81.3% |
| 2012 | -76.69 billion constant LCU | +64.7% |
| 2013 | -95.32 billion constant LCU | +24.3% |
| 2014 | -62.94 billion constant LCU | -34.0% |
| 2015 | 16.70 billion constant LCU | -126.5% |
| 2016 | 52.92 billion constant LCU | +216.8% |
| 2017 | 87.62 billion constant LCU | +65.6% |
| 2018 | 23.98 billion constant LCU | -72.6% |
| 2019 | 14.68 billion constant LCU | -38.8% |
| 2020 | 0 constant LCU | -100.0% |
| 2021 | 45.84 billion constant LCU | — |
| 2022 | 89.71 billion constant LCU | +95.7% |
| 2023 | 14.61 billion constant LCU | -83.7% |
| 2024 | 40.18 billion constant LCU | +175.1% |
| 2025 | 92.89 billion constant LCU | +131.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.17 billion constant LCU | 20.79 billion constant LCU | 87.73 billion constant LCU | 10 |
| 1980s | 57.42 billion constant LCU | 37.86 billion constant LCU | 95.25 billion constant LCU | 10 |
| 1990s | 68.29 billion constant LCU | 51.16 billion constant LCU | 96.88 billion constant LCU | 10 |
| 2000s | 53.01 billion constant LCU | -70.75 billion constant LCU | 93.77 billion constant LCU | 10 |
| 2010s | -11.13 billion constant LCU | -95.32 billion constant LCU | 87.62 billion constant LCU | 10 |
| 2020s | 47.21 billion constant LCU | 0 constant LCU | 92.89 billion constant LCU | 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)
- GDP (current US$), annual growth rate 16.26 % change on previous year (2025)
- GDP (current US$), per capita 98,323 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.24 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 128.44 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 12.63 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
Frequently asked questions
- What is terms of trade adjustment in Iceland?
- Terms of trade adjustment in Iceland was 92.89 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Iceland?
- The highest recorded value was 96.88 billion constant LCU in 1998.
- What is the lowest terms of trade adjustment recorded in Iceland?
- The lowest recorded value was -95.32 billion constant LCU in 2013.
- How does Iceland rank for terms of trade adjustment?
- Iceland ranks 35th out of 178 countries with data for 2025.
- Is terms of trade adjustment rising or falling in Iceland?
- Over the last ten years it is up 456.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.