Value of imported goods and services in Iceland
Iceland: Value of imported goods and services was 11.71 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
11.71 billion constant 2015 US$
Change on year
up 7.2%
World rank
104th
of 170 countries
All-time high
11.71 billion constant 2015 US$
in 2025
All-time low
1.49 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Value of imported goods and services in Iceland, 1970–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in constant 2015 US$.
Analysis
Iceland recorded 11.71 billion constant 2015 US$ for value of imported goods and services in 2025. That is the highest value across all 56 years on record.
That represents a change of up 7.2% on the previous year and up 51.9% over ten years.
Over the whole period, value of imported goods and services in Iceland peaked at 11.71 billion constant 2015 US$ in 2025 and was at its lowest, 1.49 billion constant 2015 US$, in 1970.
Iceland ranks 104th of 170 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value of imported goods and services in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 1.49 billion constant 2015 US$ | — |
| 1971 | 1.86 billion constant 2015 US$ | +24.6% |
| 1972 | 1.87 billion constant 2015 US$ | +0.5% |
| 1973 | 2.24 billion constant 2015 US$ | +20.3% |
| 1974 | 2.53 billion constant 2015 US$ | +12.5% |
| 1975 | 2.20 billion constant 2015 US$ | -12.8% |
| 1976 | 2.12 billion constant 2015 US$ | -3.6% |
| 1977 | 2.56 billion constant 2015 US$ | +20.6% |
| 1978 | 2.65 billion constant 2015 US$ | +3.6% |
| 1979 | 2.72 billion constant 2015 US$ | +2.5% |
| 1980 | 2.80 billion constant 2015 US$ | +3.0% |
| 1981 | 3.00 billion constant 2015 US$ | +7.1% |
| 1982 | 2.98 billion constant 2015 US$ | -0.6% |
| 1983 | 2.69 billion constant 2015 US$ | -9.7% |
| 1984 | 2.94 billion constant 2015 US$ | +9.1% |
| 1985 | 3.22 billion constant 2015 US$ | +9.4% |
| 1986 | 3.25 billion constant 2015 US$ | +0.9% |
| 1987 | 4.00 billion constant 2015 US$ | +23.3% |
| 1988 | 3.82 billion constant 2015 US$ | -4.6% |
| 1989 | 3.43 billion constant 2015 US$ | -10.3% |
| 1990 | 3.46 billion constant 2015 US$ | +1.0% |
| 1991 | 3.64 billion constant 2015 US$ | +5.3% |
| 1992 | 3.42 billion constant 2015 US$ | -6.0% |
| 1993 | 3.17 billion constant 2015 US$ | -7.5% |
| 1994 | 3.29 billion constant 2015 US$ | +3.8% |
| 1995 | 3.41 billion constant 2015 US$ | +3.6% |
| 1996 | 3.91 billion constant 2015 US$ | +14.6% |
| 1997 | 4.17 billion constant 2015 US$ | +6.9% |
| 1998 | 5.09 billion constant 2015 US$ | +21.9% |
| 1999 | 5.26 billion constant 2015 US$ | +3.4% |
| 2000 | 5.67 billion constant 2015 US$ | +7.8% |
| 2001 | 5.11 billion constant 2015 US$ | -10.0% |
| 2002 | 4.97 billion constant 2015 US$ | -2.7% |
| 2003 | 5.48 billion constant 2015 US$ | +10.3% |
| 2004 | 6.28 billion constant 2015 US$ | +14.6% |
| 2005 | 8.02 billion constant 2015 US$ | +27.8% |
| 2006 | 8.81 billion constant 2015 US$ | +9.8% |
| 2007 | 8.61 billion constant 2015 US$ | -2.3% |
| 2008 | 6.86 billion constant 2015 US$ | -20.3% |
| 2009 | 5.44 billion constant 2015 US$ | -20.7% |
| 2010 | 5.57 billion constant 2015 US$ | +2.3% |
| 2011 | 5.95 billion constant 2015 US$ | +6.8% |
| 2012 | 6.20 billion constant 2015 US$ | +4.3% |
| 2013 | 6.20 billion constant 2015 US$ | +0.0% |
| 2014 | 6.82 billion constant 2015 US$ | +10.0% |
| 2015 | 7.71 billion constant 2015 US$ | +13.0% |
| 2016 | 8.85 billion constant 2015 US$ | +14.8% |
| 2017 | 9.95 billion constant 2015 US$ | +12.4% |
| 2018 | 10.01 billion constant 2015 US$ | +0.6% |
| 2019 | 9.10 billion constant 2015 US$ | -9.1% |
| 2020 | 7.26 billion constant 2015 US$ | -20.2% |
| 2021 | 8.73 billion constant 2015 US$ | +20.3% |
| 2022 | 10.70 billion constant 2015 US$ | +22.6% |
| 2023 | 10.49 billion constant 2015 US$ | -1.9% |
| 2024 | 10.93 billion constant 2015 US$ | +4.2% |
| 2025 | 11.71 billion constant 2015 US$ | +7.2% |
Iceland compared with similar countries
- Iceland's 11.71 billion constant 2015 US$ is below the median for high income countries, which is 97.94 billion constant 2015 US$, 12% of the median. (63 countries reporting)
- Iceland's 11.71 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 88.13 billion constant 2015 US$, 13% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.22 billion constant 2015 US$ | 1.49 billion constant 2015 US$ | 2.72 billion constant 2015 US$ | 10 |
| 1980s | 3.21 billion constant 2015 US$ | 2.69 billion constant 2015 US$ | 4.00 billion constant 2015 US$ | 10 |
| 1990s | 3.88 billion constant 2015 US$ | 3.17 billion constant 2015 US$ | 5.26 billion constant 2015 US$ | 10 |
| 2000s | 6.52 billion constant 2015 US$ | 4.97 billion constant 2015 US$ | 8.81 billion constant 2015 US$ | 10 |
| 2010s | 7.64 billion constant 2015 US$ | 5.57 billion constant 2015 US$ | 10.01 billion constant 2015 US$ | 10 |
| 2020s | 9.97 billion constant 2015 US$ | 7.26 billion constant 2015 US$ | 11.71 billion constant 2015 US$ | 6 |
Countries ranked near Iceland
- 101 Bosnia and Herzegovina 12.80 billion constant 2015 US$ compare
- 102 Senegal 12.11 billion constant 2015 US$ compare
- 103 Lebanon 11.76 billion constant 2015 US$ compare
- 105 Sudan 11.43 billion constant 2015 US$ compare
- 106 Uganda 11.41 billion constant 2015 US$ compare
- 107 Nicaragua 11.36 billion constant 2015 US$ 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is value of imported goods and services in Iceland?
- Value of imported goods and services in Iceland was 11.71 billion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest value of imported goods and services recorded in Iceland?
- The highest recorded value was 11.71 billion constant 2015 US$ in 2025.
- What is the lowest value of imported goods and services recorded in Iceland?
- The lowest recorded value was 1.49 billion constant 2015 US$ in 1970.
- How does Iceland rank for value of imported goods and services?
- Iceland ranks 104th out of 170 countries with data for 2025.
- Is value of imported goods and services rising or falling in Iceland?
- Over the last ten years it is up 51.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Value of imported goods and services. Statizoid updates them automatically from the source API.
Download this data
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About this data
Value of imported goods and market services received from the rest of the world. This data is expressed in US dollars, adjusted for inflation.