Trade as a share of GDP in Iceland
Iceland: Trade as a share of GDP was 82.5% in 2025. ▲ Rising
Trade as a share of GDP in Iceland, 1970–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2025, trade as a share of gdp in Iceland stood at 82.5%.
Compared with earlier readings it is down 4.3% on the previous year and down 13.1% over ten years.
Over the whole period, trade as a share of gdp in Iceland peaked at 102.4% in 2012 and was at its lowest, 57.9%, in 1992.
Iceland ranks 95th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 70.8% | 63.5% | 84.1% | 10 |
| 1980s | 68.3% | 61.4% | 76.6% | 10 |
| 1990s | 64.6% | 57.9% | 70.8% | 10 |
| 2000s | 74.2% | 67.4% | 89.0% | 10 |
| 2010s | 93.0% | 83.8% | 102.4% | 10 |
| 2020s | 82.3% | 68.7% | 93.0% | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Exports of goods and services 15.48 billion current US$ (2025)
- Final consumption expenditure 75.7% (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)
- Gross fixed capital formation 10.29 billion current US$ (2025)
- Exports of goods and services 40.1% (2025)
Frequently asked questions
- What is trade as a share of gdp in Iceland?
- Trade as a share of gdp in Iceland was 82.5% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest trade as a share of gdp recorded in Iceland?
- The highest recorded value was 102.4% in 2012.
- What is the lowest trade as a share of gdp recorded in Iceland?
- The lowest recorded value was 57.9% in 1992.
- How does Iceland rank for trade as a share of gdp?
- Iceland ranks 95th out of 191 countries with data for 2025.
- Is trade as a share of gdp rising or falling in Iceland?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Trade in goods and services as a share of GDP, shown as a percentage.