Service imports in Iceland
Iceland: Service imports was 5.98 billion BoP, current US$ in 2025. ◆ Volatile
Service imports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 5.98 billion BoP, current US$ for service imports in 2025. That is the highest value across all 50 years on record.
The figure is up 14.8% on the previous year and up 114.5% over ten years.
Over the whole period, service imports in Iceland peaked at 5.98 billion BoP, current US$ in 2025 and was at its lowest, 117.20 million BoP, current US$, in 1976.
Iceland ranks 85th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 178.15 million BoP, current US$ | 117.20 million BoP, current US$ | 253.50 million BoP, current US$ | 4 |
| 1980s | 372.17 million BoP, current US$ | 262.80 million BoP, current US$ | 535.60 million BoP, current US$ | 10 |
| 1990s | 695.14 million BoP, current US$ | 555.86 million BoP, current US$ | 989.04 million BoP, current US$ | 10 |
| 2000s | 1.86 billion BoP, current US$ | 1.03 billion BoP, current US$ | 2.88 billion BoP, current US$ | 10 |
| 2010s | 3.07 billion BoP, current US$ | 2.18 billion BoP, current US$ | 4.15 billion BoP, current US$ | 10 |
| 2020s | 4.29 billion BoP, current US$ | 2.31 billion BoP, current US$ | 5.98 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 82 Jordan 6.50 billion BoP, current US$ compare
- 83 Guatemala 6.45 billion BoP, current US$ compare
- 84 Ecuador 6.22 billion BoP, current US$ compare
- 86 Uruguay 5.96 billion BoP, current US$ compare
- 87 Panama 5.91 billion BoP, current US$ compare
- 88 Dominican Republic 5.65 billion BoP, current US$ compare
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 imports in Iceland?
- Service imports in Iceland was 5.98 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 imports recorded in Iceland?
- The highest recorded value was 5.98 billion BoP, current US$ in 2025.
- What is the lowest service imports recorded in Iceland?
- The lowest recorded value was 117.20 million BoP, current US$ in 1976.
- How does Iceland rank for service imports?
- Iceland ranks 85th out of 199 countries with data for 2025.
- Is service imports rising or falling in Iceland?
- Over the last ten years it is up 114.5%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of services are services provided by non-residents to 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.