Transport services in Iceland
Iceland: Transport services was 16.2% 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 imports, BoP.
Analysis
In 2025, transport services in Iceland stood at 16.2%. That is the lowest value across all 36 years on record.
That represents a change of down 6.9% on the previous year and down 31.8% over ten years.
Over the whole period, transport services in Iceland peaked at 65.2% in 1979 and was at its lowest, 16.2%, in 2025.
That places Iceland 172nd out of 197 countries with data for 2025, putting it in the bottom quarter.
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 imports, BoP | Change |
|---|---|---|
| 1976 | 54.7% | — |
| 1977 | 57.3% | +4.7% |
| 1978 | 61.2% | +6.8% |
| 1979 | 65.2% | +6.7% |
| 1980 | 63.4% | -2.8% |
| 1981 | 59.5% | -6.2% |
| 1982 | 59.4% | -0.2% |
| 1983 | 54.5% | -8.2% |
| 1984 | 50.1% | -8.0% |
| 1985 | 57.6% | +15.0% |
| 1986 | 44.5% | -22.8% |
| 1987 | 36.2% | -18.7% |
| 1988 | 38.0% | +5.2% |
| 1989 | 36.4% | -4.4% |
| 1990 | 30.2% | -16.9% |
| 1991 | 29.9% | -0.9% |
| 1992 | 27.8% | -7.0% |
| 1993 | 26.8% | -3.6% |
| 1994 | 29.0% | +8.0% |
| 2009 | 25.5% | -12.0% |
| 2010 | 24.8% | -2.9% |
| 2011 | 25.3% | +2.0% |
| 2012 | 24.8% | -2.0% |
| 2013 | 26.3% | +6.4% |
| 2014 | 24.5% | -6.8% |
| 2015 | 23.8% | -3.1% |
| 2016 | 22.1% | -6.9% |
| 2017 | 22.0% | -0.5% |
| 2018 | 21.2% | -3.7% |
| 2019 | 19.1% | -10.2% |
| 2020 | 19.5% | +2.4% |
| 2021 | 19.5% | +0.1% |
| 2022 | 17.9% | -8.5% |
| 2023 | 18.2% | +1.9% |
| 2024 | 17.4% | -4.2% |
| 2025 | 16.2% | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 59.6% | 54.7% | 65.2% | 4 |
| 1980s | 49.9% | 36.2% | 63.4% | 10 |
| 1990s | 28.8% | 26.8% | 30.2% | 5 |
| 2000s | 25.5% | 25.5% | 25.5% | 1 |
| 2010s | 23.4% | 19.1% | 26.3% | 10 |
| 2020s | 18.1% | 16.2% | 19.5% | 6 |
Countries ranked near Iceland
- 169 Canada 16.7% compare
- 170 Papua New Guinea 16.6% compare
- 171 Russian Federation 16.4% compare
- 173 Australia 16.2% compare
- 174 Brunei Darussalam 15.9% compare
- 175 Barbados 15.7% 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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is transport services in Iceland?
- Transport services in Iceland was 16.2% 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 65.2% in 1979.
- What is the lowest transport services recorded in Iceland?
- The lowest recorded value was 16.2% in 2025.
- How does Iceland rank for transport services?
- Iceland ranks 172nd out of 197 countries with data for 2025.
- Is transport services rising or falling in Iceland?
- Over the last ten years it is down 31.8%. 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 imports, BoP). Statizoid updates them automatically from the source API.
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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 imports which are services provided by non-residents to residents.