Service exports in Iceland
Iceland: Service exports was 8.16 billion BoP, current US$ in 2025. ◆ Volatile
Service exports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Iceland is 8.16 billion BoP, current US$, measured in 2025. That is the highest value across all 50 years on record.
The figure is up 14.6% on the previous year and up 85.8% over ten years.
Over the whole period, service exports in Iceland peaked at 8.16 billion BoP, current US$ in 2025 and was at its lowest, 172.50 million BoP, current US$, in 1976.
Iceland ranks 79th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 234.85 million BoP, current US$ | 172.50 million BoP, current US$ | 292.80 million BoP, current US$ | 4 |
| 1980s | 405.07 million BoP, current US$ | 279.80 million BoP, current US$ | 541.90 million BoP, current US$ | 10 |
| 1990s | 716.15 million BoP, current US$ | 559.99 million BoP, current US$ | 963.80 million BoP, current US$ | 10 |
| 2000s | 1.95 billion BoP, current US$ | 1.07 billion BoP, current US$ | 3.02 billion BoP, current US$ | 10 |
| 2010s | 4.70 billion BoP, current US$ | 3.02 billion BoP, current US$ | 6.64 billion BoP, current US$ | 10 |
| 2020s | 5.83 billion BoP, current US$ | 2.82 billion BoP, current US$ | 8.16 billion BoP, current US$ | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Exports of goods and services 1.99 trillion current LCU (2025)
- Industry (including construction), value added 688.53 billion constant LCU (2025)
- Gross national expenditure 39.45 billion current US$ (2025)
- Gross national expenditure 5.07 trillion current LCU (2025)
- Gross national expenditure 23.89 billion constant 2015 US$ (2025)
- Industry (including construction), value added -1.2% (2025)
- Gross national expenditure 102.3% (2025)
- Exports of goods and services 15.48 billion current US$ (2025)
- Gross fixed capital formation 10.29 billion current US$ (2025)
- Exports of goods and services 40.1% (2025)
Frequently asked questions
- What is service exports in Iceland?
- Service exports in Iceland was 8.16 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Iceland?
- The highest recorded value was 8.16 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Iceland?
- The lowest recorded value was 172.50 million BoP, current US$ in 1976.
- How does Iceland rank for service exports?
- Iceland ranks 79th out of 199 countries with data for 2025.
- Is service exports rising or falling in Iceland?
- Over the last ten years it is up 85.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. 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.