{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"trade-as-share-of-gdp","source":"National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) \u2013 processed by Our World in Data","source_url":"https://ourworldindata.org/grapher/trade-as-share-of-gdp","title":"Trade as a share of GDP","unit":"% of GDP"},"observations":[{"date":"1970-01-01","value":84.1285},{"date":"1971-01-01","value":77.5206},{"date":"1972-01-01","value":68.4736},{"date":"1973-01-01","value":69.7609},{"date":"1974-01-01","value":69.16},{"date":"1975-01-01","value":71.4499},{"date":"1976-01-01","value":65.4952},{"date":"1977-01-01","value":63.5139},{"date":"1978-01-01","value":66.8079},{"date":"1979-01-01","value":71.2444},{"date":"1980-01-01","value":67.6692},{"date":"1981-01-01","value":67.4165},{"date":"1982-01-01","value":65.8668},{"date":"1983-01-01","value":73.6158},{"date":"1984-01-01","value":72.5185},{"date":"1985-01-01","value":76.5836},{"date":"1986-01-01","value":69.9004},{"date":"1987-01-01","value":66.3601},{"date":"1988-01-01","value":61.4161},{"date":"1989-01-01","value":61.7869},{"date":"1990-01-01","value":62.9118},{"date":"1991-01-01","value":60.8703},{"date":"1992-01-01","value":57.857},{"date":"1993-01-01","value":59.4791},{"date":"1994-01-01","value":63.2886},{"date":"1995-01-01","value":64.3006},{"date":"1996-01-01","value":68.6955},{"date":"1997-01-01","value":69.2598},{"date":"1998-01-01","value":70.7676},{"date":"1999-01-01","value":68.4726},{"date":"2000-01-01","value":70.2478},{"date":"2001-01-01","value":73.9395},{"date":"2002-01-01","value":68.7108},{"date":"2003-01-01","value":67.401},{"date":"2004-01-01","value":69.7326},{"date":"2005-01-01","value":71.2107},{"date":"2006-01-01","value":76.6309},{"date":"2007-01-01","value":73.625},{"date":"2008-01-01","value":81.9027},{"date":"2009-01-01","value":89.0014},{"date":"2010-01-01","value":92.4902},{"date":"2011-01-01","value":100.133},{"date":"2012-01-01","value":102.433},{"date":"2013-01-01","value":97.698},{"date":"2014-01-01","value":95.2879},{"date":"2015-01-01","value":94.8888},{"date":"2016-01-01","value":87.76},{"date":"2017-01-01","value":86.3585},{"date":"2018-01-01","value":88.935},{"date":"2019-01-01","value":83.7924},{"date":"2020-01-01","value":68.655},{"date":"2021-01-01","value":76.2317},{"date":"2022-01-01","value":93.0164},{"date":"2023-01-01","value":87.2389},{"date":"2024-01-01","value":86.1816},{"date":"2025-01-01","value":82.4877}],"summary":{"latest_period":"2025-01-01","latest_value":82.4877,"max":102.433,"mean":75.0461,"min":57.857,"of":191,"rank":95,"trend":"rising"}}