Terms of trade adjustment in Iceland
Iceland: Terms of trade adjustment was 92.89 billion constant LCU in 2025. ◆ Volatile
Terms of trade adjustment in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 92.89 billion constant LCU for terms of trade adjustment in 2025.
The figure is up 131.2% on the previous year and up 456.2% over ten years.
Over the whole period, terms of trade adjustment in Iceland peaked at 96.88 billion constant LCU in 1998 and was at its lowest, -95.32 billion constant LCU, in 2013.
Iceland ranks 35th of 178 countries on this measure, in the top quarter.
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 | 52.17 billion constant LCU | 20.79 billion constant LCU | 87.73 billion constant LCU | 10 |
| 1980s | 57.42 billion constant LCU | 37.86 billion constant LCU | 95.25 billion constant LCU | 10 |
| 1990s | 68.29 billion constant LCU | 51.16 billion constant LCU | 96.88 billion constant LCU | 10 |
| 2000s | 53.01 billion constant LCU | -70.75 billion constant LCU | 93.77 billion constant LCU | 10 |
| 2010s | -11.13 billion constant LCU | -95.32 billion constant LCU | 87.62 billion constant LCU | 10 |
| 2020s | 47.21 billion constant LCU | 0 constant LCU | 92.89 billion constant LCU | 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 terms of trade adjustment in Iceland?
- Terms of trade adjustment in Iceland was 92.89 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Iceland?
- The highest recorded value was 96.88 billion constant LCU in 1998.
- What is the lowest terms of trade adjustment recorded in Iceland?
- The lowest recorded value was -95.32 billion constant LCU in 2013.
- How does Iceland rank for terms of trade adjustment?
- Iceland ranks 35th out of 178 countries with data for 2025.
- Is terms of trade adjustment rising or falling in Iceland?
- Over the last ten years it is up 456.2%. 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.