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
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$, in 1970.
Iceland ranks 104th of 170 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.22 billion constant 2015 US$ | 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
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (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
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.