Iceland Trade to GDP Ratio 1970-2022

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 2020 was 68.80%, a 14.87% decline from 2019.
  • Iceland trade to gdp ratio for 2019 was 83.66%, a 6.28% decline from 2018.
  • Iceland trade to gdp ratio for 2018 was 89.94%, a 2.96% increase from 2017.
  • Iceland trade to gdp ratio for 2017 was 86.98%, a 1.35% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 390.33%
Hong Kong 351.66%
Singapore 320.56%
Malta 271.55%
Ireland 225.31%
Seychelles 188.58%
Slovak Republic 170.61%
Belgium 160.71%
Hungary 157.17%
Slovenia 147.54%
Netherlands 147.14%
Cyprus 141.52%
Estonia 139.50%
Lithuania 138.50%
Czech Republic 136.09%
Macao 126.68%
Latvia 119.40%
Switzerland 116.02%
Brunei 110.20%
Poland 104.50%
Denmark 102.20%
Austria 101.47%
Croatia 90.55%
Antigua and Barbuda 88.63%
Sweden 84.08%
Germany 81.81%
Portugal 75.37%
Finland 71.34%
Greece 71.33%
South Korea 70.08%
Iceland 68.80%
Norway 65.30%
Canada 59.97%
Spain 59.77%
France 58.30%
Chile 57.84%
Italy 55.32%
United Kingdom 55.09%
Israel 52.31%
Saudi Arabia 50.60%
Uruguay 46.37%
Australia 43.98%
Argentina 30.50%
Iceland Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2020 68.80% -14.87%
2019 83.66% -6.28%
2018 89.94% 2.96%
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%