Transport services in Iceland
Iceland: Transport services was 26.8% in 2025. ▼ Falling
Transport services in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Iceland recorded 26.8% for transport services in 2025.
Compared with earlier readings it is down 6.3% on the previous year and down 24.3% over ten years.
Over the whole period, transport services in Iceland peaked at 56.8% in 1978 and was at its lowest, 24.2%, in 2020.
That places Iceland 52nd out of 198 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Transport services in Iceland, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 54.8% | — |
| 1977 | 55.0% | +0.3% |
| 1978 | 56.8% | +3.2% |
| 1979 | 56.1% | -1.1% |
| 1980 | 49.1% | -12.6% |
| 1981 | 52.8% | +7.6% |
| 1982 | 52.8% | +0.0% |
| 1983 | 48.5% | -8.1% |
| 1984 | 47.5% | -2.0% |
| 1985 | 54.9% | +15.5% |
| 1986 | 45.4% | -17.4% |
| 1987 | 39.8% | -12.3% |
| 1988 | 39.2% | -1.4% |
| 1989 | 37.5% | -4.4% |
| 1990 | 39.7% | +5.9% |
| 1991 | 39.4% | -0.7% |
| 1992 | 35.7% | -9.4% |
| 1993 | 39.1% | +9.6% |
| 1994 | 40.6% | +3.8% |
| 2009 | 39.2% | -3.5% |
| 2010 | 38.7% | -1.1% |
| 2011 | 39.0% | +0.6% |
| 2012 | 39.9% | +2.3% |
| 2013 | 39.0% | -2.1% |
| 2014 | 37.8% | -3.0% |
| 2015 | 35.4% | -6.5% |
| 2016 | 33.1% | -6.5% |
| 2017 | 33.4% | +0.8% |
| 2018 | 33.3% | -0.3% |
| 2019 | 27.7% | -16.8% |
| 2020 | 24.2% | -12.6% |
| 2021 | 25.8% | +6.5% |
| 2022 | 27.2% | +5.7% |
| 2023 | 28.6% | +4.9% |
| 2024 | 28.6% | +0.0% |
| 2025 | 26.8% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 55.7% | 54.8% | 56.8% | 4 |
| 1980s | 46.8% | 37.5% | 54.9% | 10 |
| 1990s | 38.9% | 35.7% | 40.6% | 5 |
| 2000s | 39.2% | 39.2% | 39.2% | 1 |
| 2010s | 35.7% | 27.7% | 39.9% | 10 |
| 2020s | 26.8% | 24.2% | 28.6% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is transport services in Iceland?
- Transport services in Iceland was 26.8% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Iceland?
- The highest recorded value was 56.8% in 1978.
- What is the lowest transport services recorded in Iceland?
- The lowest recorded value was 24.2% in 2020.
- How does Iceland rank for transport services?
- Iceland ranks 52nd out of 198 countries with data for 2025.
- Is transport services rising or falling in Iceland?
- Over the last ten years it is down 24.3%. The long-run trend across the full record is falling.
- 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 Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.