External balance on goods and services in Iceland
Iceland: External balance on goods and services was -872.02 million current US$ in 2025. ◆ Volatile
External balance on goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Iceland recorded -872.02 million current US$ for external balance on goods and services in 2025.
Compared with earlier readings it is down 107.4% on the previous year and down 163.3% over ten years.
Over the whole period, external balance on goods and services in Iceland peaked at 1.52 billion current US$ in 2016 and was at its lowest, -2.92 billion current US$, in 2006.
Iceland ranks 111th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -25.43 million current US$ | -146.75 million current US$ | 70.78 million current US$ | 10 |
| 1980s | -1.37 million current US$ | -152.69 million current US$ | 147.13 million current US$ | 10 |
| 1990s | 1.97 million current US$ | -405.64 million current US$ | 317.69 million current US$ | 10 |
| 2000s | -782.01 million current US$ | -2.92 billion current US$ | 1.06 billion current US$ | 10 |
| 2010s | 1.25 billion current US$ | 887.04 million current US$ | 1.52 billion current US$ | 10 |
| 2020s | -236.30 million current US$ | -872.02 million current US$ | 225.18 million current US$ | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- 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)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Iceland?
- External balance on goods and services in Iceland was -872.02 million current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Iceland?
- The highest recorded value was 1.52 billion current US$ in 2016.
- What is the lowest external balance on goods and services recorded in Iceland?
- The lowest recorded value was -2.92 billion current US$ in 2006.
- How does Iceland rank for external balance on goods and services?
- Iceland ranks 111th out of 192 countries with data for 2025.
- Is external balance on goods and services rising or falling in Iceland?
- Over the last ten years it is down 163.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.