Travel services in Iceland
Iceland: Travel services was 44.5% in 2025. ◆ Volatile
Travel 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
The most recent figure for travel services in Iceland is 44.5%, measured in 2025.
Compared with earlier readings it is down 2.3% on the previous year and up 20.0% over ten years.
Over the whole period, travel services in Iceland peaked at 47.2% in 2018 and was at its lowest, 7.0%, in 1981.
Iceland ranks 80th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Travel services in Iceland, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 7.1% | — |
| 1977 | 7.2% | +2.0% |
| 1978 | 7.1% | -1.6% |
| 1979 | 7.4% | +4.4% |
| 1980 | 8.1% | +9.5% |
| 1981 | 7.0% | -13.3% |
| 1982 | 7.1% | +1.4% |
| 1983 | 7.6% | +6.8% |
| 1984 | 10.0% | +31.2% |
| 1985 | 10.8% | +8.1% |
| 1986 | 13.2% | +21.9% |
| 1987 | 15.9% | +20.5% |
| 1988 | 20.0% | +25.8% |
| 1989 | 20.8% | +4.0% |
| 1990 | 27.2% | +31.0% |
| 1991 | 25.3% | -7.0% |
| 1992 | 24.3% | -3.9% |
| 1993 | 23.8% | -2.1% |
| 1994 | 23.7% | -0.5% |
| 2009 | 20.6% | -13.2% |
| 2010 | 18.6% | -9.5% |
| 2011 | 21.8% | +17.0% |
| 2012 | 24.8% | +14.0% |
| 2013 | 27.1% | +9.3% |
| 2014 | 32.5% | +19.9% |
| 2015 | 37.1% | +14.1% |
| 2016 | 44.2% | +19.1% |
| 2017 | 47.0% | +6.2% |
| 2018 | 47.2% | +0.5% |
| 2019 | 46.4% | -1.6% |
| 2020 | 23.1% | -50.1% |
| 2021 | 35.4% | +53.0% |
| 2022 | 40.8% | +15.3% |
| 2023 | 43.9% | +7.5% |
| 2024 | 45.6% | +3.8% |
| 2025 | 44.5% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.2% | 7.1% | 7.4% | 4 |
| 1980s | 12.0% | 7.0% | 20.8% | 10 |
| 1990s | 24.8% | 23.7% | 27.2% | 5 |
| 2000s | 20.6% | 20.6% | 20.6% | 1 |
| 2010s | 34.7% | 18.6% | 47.2% | 10 |
| 2020s | 38.9% | 23.1% | 45.6% | 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)
- 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 travel services in Iceland?
- Travel services in Iceland was 44.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Iceland?
- The highest recorded value was 47.2% in 2018.
- What is the lowest travel services recorded in Iceland?
- The lowest recorded value was 7.0% in 1981.
- How does Iceland rank for travel services?
- Iceland ranks 80th out of 198 countries with data for 2025.
- Is travel services rising or falling in Iceland?
- Over the last ten years it is up 20.0%. The long-run trend across the full record is volatile.
- 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 Travel services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.