Iceland Trade to GDP Ratio 1970-2021

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 2019 was 85.92%, a 6.1% decline from 2018.
  • Iceland trade to gdp ratio for 2018 was 92.02%, a 3.95% increase from 2017.
  • Iceland trade to gdp ratio for 2017 was 88.07%, a 0.96% decline from 2016.
  • Iceland trade to gdp ratio for 2016 was 89.03%, a 7.44% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 381.52%
Hong Kong 353.23%
Singapore 319.15%
Malta 273.72%
Ireland 239.22%
Slovak Republic 184.48%
Seychelles 172.26%
Belgium 163.06%
Hungary 161.26%
UAE 160.94%
Slovenia 159.03%
Netherlands 156.22%
Lithuania 149.69%
Cyprus 144.82%
Czech Republic 142.76%
Estonia 141.81%
Latvia 121.09%
Switzerland 119.44%
Macao 116.94%
Denmark 109.29%
Brunei 108.51%
Austria 107.78%
Oman 106.75%
Poland 106.36%
Croatia 104.17%
Sweden 90.48%
Qatar 90.32%
Germany 87.99%
Portugal 86.78%
Iceland 85.92%
Barbados 83.69%
Panama 83.21%
Finland 80.04%
South Korea 77.00%
Bahamas 75.92%
Bermuda 75.86%
Greece 74.38%
Norway 72.15%
Spain 66.78%
Canada 64.98%
France 64.52%
United Kingdom 64.29%
Saudi Arabia 63.66%
Italy 59.96%
Israel 56.77%
Chile 56.76%
Australia 45.71%
Uruguay 41.03%
Argentina 32.63%
United States 26.31%
Iceland Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2019 85.92% -6.10%
2018 92.02% 3.95%
2017 88.07% -0.96%
2016 89.03% -7.44%
2015 96.48% -0.52%
2014 96.99% -2.31%
2013 99.31% -4.96%
2012 104.27% 2.45%
2011 101.82% 7.73%
2010 94.09% 5.62%
2009 88.47% 5.06%
2008 83.42% 8.30%
2007 75.12% -3.51%
2006 78.63% 6.04%
2005 72.60% 2.51%
2004 70.09% 1.80%
2003 68.29% -1.26%
2002 69.55% -5.44%
2001 74.98% 3.67%
2000 71.32% 1.80%
1999 69.51% -2.46%
1998 71.97% 1.47%
1997 70.50% -0.49%
1996 70.99% 4.54%
1995 66.45% 1.05%
1994 65.40% 3.94%
1993 61.47% 1.68%
1992 59.79% -3.11%
1991 62.90% -2.11%
1990 65.01% 1.16%
1989 63.85% 0.38%
1988 63.47% -5.11%
1987 68.58% -3.66%
1986 72.24% -6.91%
1985 79.14% 4.20%
1984 74.94% -1.13%
1983 76.07% 8.01%
1982 68.07% -1.60%
1981 69.67% -0.26%
1980 69.93% -3.69%
1979 73.62% 4.58%
1978 69.04% 3.40%
1977 65.64% -2.05%
1976 67.68% -6.15%
1975 73.84% 2.37%
1974 71.47% -0.62%
1973 72.09% 1.33%
1972 70.76% -9.35%
1971 80.11% -6.83%
1970 86.94% -6.83%