How does Iceland rank for value of imported goods and services, per unit of gdp?

Iceland ranks 106th out of 170 countries with data for 2025.

Is value of imported goods and services, per unit of gdp rising or falling in Iceland?

Over the last ten years it is down 30.3%. The long-run trend across the full record is volatile.

Value of imported goods and services, per unit of GDP in Iceland

Name: Value of imported goods and services, per unit of GDP in Iceland
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Iceland: Value of imported goods and services, per unit of GDP was 0.3036 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile

Latest (2025)

0.3036 constant 2015 US$ per US$ of GDP

Change on year

down 7.8%

World rank

106th

of 170 countries

All-time high

2.73 constant 2015 US$ per US$ of GDP

in 1970

All-time low

0.3036 constant 2015 US$ per US$ of GDP

in 2025

Years of data

1970–2025

Value of imported goods and services, per unit of GDP in Iceland, 1970–2025

Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.

Analysis

In 2025, value of imported goods and services, per unit of gdp in Iceland stood at 0.3036 constant 2015 US$ per US$ of GDP. That is the lowest value across all 56 years on record.

Compared with earlier readings it is down 7.8% on the previous year and down 30.3% over ten years.

Over the whole period, value of imported goods and services, per unit of gdp in Iceland peaked at 2.73 constant 2015 US$ per US$ of GDP in 1970 and was at its lowest, 0.3036 constant 2015 US$ per US$ of GDP, in 2025.

Iceland ranks 106th of 170 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.

Value of imported goods and services, per unit of GDP in Iceland, year by year

Annual values for Value of imported goods and services, per unit of GDP in Iceland, 1970 to 2025.
Year	constant 2015 US$ per US$ of GDP	Change
1970	2.73 constant 2015 US$ per US$ of GDP	—
1971	2.68 constant 2015 US$ per US$ of GDP	-2.1%
1972	2.15 constant 2015 US$ per US$ of GDP	-19.8%
1973	1.88 constant 2015 US$ per US$ of GDP	-12.5%
1974	1.61 constant 2015 US$ per US$ of GDP	-14.3%
1975	1.51 constant 2015 US$ per US$ of GDP	-6.0%
1976	1.23 constant 2015 US$ per US$ of GDP	-18.8%
1977	1.12 constant 2015 US$ per US$ of GDP	-8.8%
1978	1.02 constant 2015 US$ per US$ of GDP	-8.9%
1979	0.9205 constant 2015 US$ per US$ of GDP	-9.8%
1980	0.8 constant 2015 US$ per US$ of GDP	-13.1%
1981	0.8295 constant 2015 US$ per US$ of GDP	+3.7%
1982	0.8985 constant 2015 US$ per US$ of GDP	+8.3%
1983	0.9406 constant 2015 US$ per US$ of GDP	+4.7%
1984	0.9913 constant 2015 US$ per US$ of GDP	+5.4%
1985	1.04 constant 2015 US$ per US$ of GDP	+5.0%
1986	0.7862 constant 2015 US$ per US$ of GDP	-24.5%
1987	0.7004 constant 2015 US$ per US$ of GDP	-10.9%
1988	0.6041 constant 2015 US$ per US$ of GDP	-13.7%
1989	0.5836 constant 2015 US$ per US$ of GDP	-3.4%
1990	0.5169 constant 2015 US$ per US$ of GDP	-11.4%
1991	0.5093 constant 2015 US$ per US$ of GDP	-1.5%
1992	0.4673 constant 2015 US$ per US$ of GDP	-8.2%
1993	0.4922 constant 2015 US$ per US$ of GDP	+5.3%
1994	0.4974 constant 2015 US$ per US$ of GDP	+1.0%
1995	0.4622 constant 2015 US$ per US$ of GDP	-7.1%
1996	0.5081 constant 2015 US$ per US$ of GDP	+9.9%
1997	0.5409 constant 2015 US$ per US$ of GDP	+6.5%
1998	0.5893 constant 2015 US$ per US$ of GDP	+8.9%
1999	0.5776 constant 2015 US$ per US$ of GDP	-2.0%
2000	0.6205 constant 2015 US$ per US$ of GDP	+7.4%
2001	0.6134 constant 2015 US$ per US$ of GDP	-1.1%
2002	0.5274 constant 2015 US$ per US$ of GDP	-14.0%
2003	0.4735 constant 2015 US$ per US$ of GDP	-10.2%
2004	0.4494 constant 2015 US$ per US$ of GDP	-5.1%
2005	0.4679 constant 2015 US$ per US$ of GDP	+4.1%
2006	0.4985 constant 2015 US$ per US$ of GDP	+6.6%
2007	0.3921 constant 2015 US$ per US$ of GDP	-21.3%
2008	0.376 constant 2015 US$ per US$ of GDP	-4.1%
2009	0.412 constant 2015 US$ per US$ of GDP	+9.6%
2010	0.4 constant 2015 US$ per US$ of GDP	-2.9%
2011	0.3863 constant 2015 US$ per US$ of GDP	-3.4%
2012	0.415 constant 2015 US$ per US$ of GDP	+7.4%
2013	0.3818 constant 2015 US$ per US$ of GDP	-8.0%
2014	0.378 constant 2015 US$ per US$ of GDP	-1.0%
2015	0.4355 constant 2015 US$ per US$ of GDP	+15.2%
2016	0.4199 constant 2015 US$ per US$ of GDP	-3.6%
2017	0.3971 constant 2015 US$ per US$ of GDP	-5.4%
2018	0.3752 constant 2015 US$ per US$ of GDP	-5.5%
2019	0.364 constant 2015 US$ per US$ of GDP	-3.0%
2020	0.3293 constant 2015 US$ per US$ of GDP	-9.5%
2021	0.3326 constant 2015 US$ per US$ of GDP	+1.0%
2022	0.3668 constant 2015 US$ per US$ of GDP	+10.3%
2023	0.331 constant 2015 US$ per US$ of GDP	-9.8%
2024	0.3294 constant 2015 US$ per US$ of GDP	-0.5%
2025	0.3036 constant 2015 US$ per US$ of GDP	-7.8%

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	1.68 constant 2015 US$ per US$ of GDP	0.9205 constant 2015 US$ per US$ of GDP	2.73 constant 2015 US$ per US$ of GDP	10
1980s	0.8175 constant 2015 US$ per US$ of GDP	0.5836 constant 2015 US$ per US$ of GDP	1.04 constant 2015 US$ per US$ of GDP	10
1990s	0.5161 constant 2015 US$ per US$ of GDP	0.4622 constant 2015 US$ per US$ of GDP	0.5893 constant 2015 US$ per US$ of GDP	10
2000s	0.4831 constant 2015 US$ per US$ of GDP	0.376 constant 2015 US$ per US$ of GDP	0.6205 constant 2015 US$ per US$ of GDP	10
2010s	0.3953 constant 2015 US$ per US$ of GDP	0.364 constant 2015 US$ per US$ of GDP	0.4355 constant 2015 US$ per US$ of GDP	10
2020s	0.3321 constant 2015 US$ per US$ of GDP	0.3036 constant 2015 US$ per US$ of GDP	0.3668 constant 2015 US$ per US$ of GDP	6

Countries ranked near Iceland

103 Nepal 0.3082 constant 2015 US$ per US$ of GDP compare
104 Germany 0.3072 constant 2015 US$ per US$ of GDP compare
105 Togo 0.3053 constant 2015 US$ per US$ of GDP compare
107 Equatorial Guinea 0.3009 constant 2015 US$ per US$ of GDP compare
108 South Sudan 0.289 constant 2015 US$ per US$ of GDP compare
109 Norway 0.2882 constant 2015 US$ per US$ of GDP compare

See the full ranking of 170 places →

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)

All data for Iceland →

Frequently asked questions

What is value of imported goods and services, per unit of gdp in Iceland?: Value of imported goods and services, per unit of gdp in Iceland was 0.3036 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest value of imported goods and services, per unit of gdp recorded in Iceland?: The highest recorded value was 2.73 constant 2015 US$ per US$ of GDP in 1970.
What is the lowest value of imported goods and services, per unit of gdp recorded in Iceland?: The lowest recorded value was 0.3036 constant 2015 US$ per US$ of GDP in 2025.
How does Iceland rank for value of imported goods and services, per unit of gdp?: Iceland ranks 106th out of 170 countries with data for 2025.
Is value of imported goods and services, per unit of gdp rising or falling in Iceland?: Over the last ten years it is down 30.3%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?: The figures come from Statizoid (derived), published as part of Value of imported goods and services, per unit of GDP. Statizoid updates them automatically from the source API.

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Value of imported goods and services, per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://economy.statizoid.com/stat/value-of-imported-goods-and-services-per-unit-of-gdp/iceland/

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How this figure is calculated

Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Value of imported goods and services ÷ GDP (current US$)

Computed from

Value of imported goods and services National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
GDP Country official statistics, National Statistical Organizations and/or Central Banks

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator: Value of imported goods and services, per unit of GDP
Unit: constant 2015 US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 170 places, 7,393 data points, 1960–2025
Last refreshed: 21 September 2026

Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.