Travel services in Iceland
Iceland: Travel services was 36.1% in 2025. ▲ Rising
Travel 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, travel services in Iceland stood at 36.1%.
The figure is up 4.8% on the previous year and up 4.5% over ten years.
Over the whole period, travel services in Iceland peaked at 51.6% in 1990 and was at its lowest, 19.2%, in 1976.
Iceland ranks 37th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Travel services in Iceland, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1976 | 19.2% | — |
| 1977 | 22.4% | +16.8% |
| 1978 | 21.8% | -2.8% |
| 1979 | 19.7% | -9.6% |
| 1980 | 21.0% | +6.3% |
| 1981 | 24.3% | +16.0% |
| 1982 | 24.1% | -1.0% |
| 1983 | 23.5% | -2.2% |
| 1984 | 27.4% | +16.5% |
| 1985 | 26.0% | -5.2% |
| 1986 | 34.8% | +33.8% |
| 1987 | 41.8% | +20.2% |
| 1988 | 41.9% | +0.2% |
| 1989 | 41.1% | -1.9% |
| 1990 | 51.6% | +25.5% |
| 1991 | 49.3% | -4.6% |
| 1992 | 50.0% | +1.4% |
| 1993 | 45.6% | -8.8% |
| 1994 | 42.9% | -5.8% |
| 2009 | 27.7% | -35.5% |
| 2010 | 28.1% | +1.5% |
| 2011 | 29.4% | +4.4% |
| 2012 | 29.4% | +0.0% |
| 2013 | 30.9% | +5.1% |
| 2014 | 31.6% | +2.4% |
| 2015 | 34.6% | +9.4% |
| 2016 | 38.1% | +10.3% |
| 2017 | 42.0% | +10.1% |
| 2018 | 40.7% | -3.0% |
| 2019 | 42.3% | +3.8% |
| 2020 | 23.0% | -45.5% |
| 2021 | 25.0% | +8.4% |
| 2022 | 33.8% | +35.2% |
| 2023 | 34.2% | +1.2% |
| 2024 | 34.5% | +0.9% |
| 2025 | 36.1% | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.8% | 19.2% | 22.4% | 4 |
| 1980s | 30.6% | 21.0% | 41.9% | 10 |
| 1990s | 47.9% | 42.9% | 51.6% | 5 |
| 2000s | 27.7% | 27.7% | 27.7% | 1 |
| 2010s | 34.7% | 28.1% | 42.3% | 10 |
| 2020s | 31.1% | 23.0% | 36.1% | 6 |
Countries ranked near Iceland
- 34 Rwanda 36.7% compare
- 35 Brunei Darussalam 36.4% compare
- 36 Serbia 36.2% compare
- 38 El Salvador 34.9% compare
- 39 Tonga 34.8% compare
- 40 Palestine, State of 34.2% 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 travel services in Iceland?
- Travel services in Iceland was 36.1% 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 51.6% in 1990.
- What is the lowest travel services recorded in Iceland?
- The lowest recorded value was 19.2% in 1976.
- How does Iceland rank for travel services?
- Iceland ranks 37th out of 198 countries with data for 2025.
- Is travel services rising or falling in Iceland?
- Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
- 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 imports which are services provided by non-residents to residents.