Iceland Trade to GDP Ratio 1970-2024

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Iceland trade to gdp ratio for 2022 was 93.36%, a 16.57% increase from 2021.
  • Iceland trade to gdp ratio for 2021 was 76.79%, a 8.77% increase from 2020.
  • Iceland trade to gdp ratio for 2020 was 68.02%, a 14.83% decline from 2019.
  • Iceland trade to gdp ratio for 2019 was 82.85%, a 5.79% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 384.48%
Hong Kong 383.79%
Singapore 336.86%
Malta 324.63%
Ireland 236.57%
Seychelles 233.07%
Slovak Republic 203.89%
Belgium 193.07%
Hungary 184.85%
Cyprus 183.42%
Macao 183.09%
Slovenia 179.13%
Lithuania 177.10%
Netherlands 175.85%
Estonia 171.57%
Czech Republic 149.78%
Brunei 146.97%
Latvia 146.50%
Switzerland 137.67%
Denmark 128.00%
Croatia 125.92%
Poland 122.32%
Austria 120.13%
Greece 106.92%
Sweden 102.75%
Portugal 102.64%
Germany 98.62%
Puerto Rico 98.11%
South Korea 96.78%
Iceland 93.36%
Finland 92.54%
Norway 83.00%
Spain 81.69%
Bahamas 80.20%
Bermuda 78.29%
Italy 75.84%
Chile 75.02%
France 72.14%
United Kingdom 68.92%
Canada 67.26%
Saudi Arabia 63.13%
Israel 60.53%
Uruguay 57.19%
Australia 45.75%
Argentina 32.08%
Iceland Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2022 93.36% 16.57%
2021 76.79% 8.77%
2020 68.02% -14.83%
2019 82.85% -5.79%
2018 88.64% 1.66%
2017 86.98% -1.35%
2016 88.33% -7.49%
2015 95.82% -0.85%
2014 96.67% -2.12%
2013 98.79% -5.30%
2012 104.09% 2.68%
2011 101.41% 7.76%
2010 93.65% 4.25%
2009 89.39% 6.71%
2008 82.69% 8.02%
2007 74.67% -2.87%
2006 77.54% 5.09%
2005 72.45% 2.02%
2004 70.43% 2.23%
2003 68.20% -1.23%
2002 69.43% -5.30%
2001 74.73% 3.60%
2000 71.14% 1.71%
1999 69.43% -2.45%
1998 71.88% 1.28%
1997 70.61% -0.50%
1996 71.11% 4.56%
1995 66.55% 1.05%
1994 65.50% 3.94%
1993 61.56% 1.68%
1992 59.88% -3.12%
1991 63.00% -2.11%
1990 65.11% 1.16%
1989 63.95% 0.38%
1988 63.56% -5.12%
1987 68.68% -3.66%
1986 72.34% -6.92%
1985 79.26% 4.21%
1984 75.05% -1.14%
1983 76.19% 8.02%
1982 68.17% -1.60%
1981 69.77% -0.26%
1980 70.03% -3.70%
1979 73.73% 4.59%
1978 69.14% 3.41%
1977 65.73% -2.05%
1976 67.78% -6.16%
1975 73.95% 2.37%
1974 71.58% -0.62%
1973 72.20% 1.33%
1972 70.87% -9.36%
1971 80.23% -6.84%
1970 87.07% -6.84%