Iceland Trade to GDP Ratio 1970-2024
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
- Iceland trade to gdp ratio for 2023 was 86.79%, a 4.93% decline from 2022.
- Iceland trade to gdp ratio for 2022 was 91.72%, a 15.43% increase from 2021.
- Iceland trade to gdp ratio for 2021 was 76.30%, a 8.32% increase from 2020.
- Iceland trade to gdp ratio for 2020 was 67.98%, a 14.89% decline from 2019.
| Iceland Trade to GDP Ratio - Historical Data |
| Year |
Trade (% of GDP) |
Annual Change |
| 2023 |
86.79% |
-4.93% |
| 2022 |
91.72% |
15.43% |
| 2021 |
76.30% |
8.32% |
| 2020 |
67.98% |
-14.89% |
| 2019 |
82.86% |
-5.77% |
| 2018 |
88.64% |
1.66% |
| 2017 |
86.98% |
-1.35% |
| 2016 |
88.33% |
-7.49% |
| 2015 |
95.82% |
-0.85% |
| 2014 |
96.67% |
-2.12% |
| 2013 |
98.79% |
-5.30% |
| 2012 |
104.09% |
2.68% |
| 2011 |
101.41% |
7.76% |
| 2010 |
93.65% |
4.25% |
| 2009 |
89.39% |
6.71% |
| 2008 |
82.69% |
8.02% |
| 2007 |
74.67% |
-2.87% |
| 2006 |
77.54% |
5.09% |
| 2005 |
72.45% |
2.02% |
| 2004 |
70.43% |
2.23% |
| 2003 |
68.20% |
-1.23% |
| 2002 |
69.43% |
-5.30% |
| 2001 |
74.73% |
3.60% |
| 2000 |
71.14% |
1.71% |
| 1999 |
69.43% |
-2.45% |
| 1998 |
71.88% |
1.28% |
| 1997 |
70.61% |
-0.50% |
| 1996 |
71.11% |
4.56% |
| 1995 |
66.55% |
1.05% |
| 1994 |
65.50% |
3.94% |
| 1993 |
61.56% |
1.68% |
| 1992 |
59.88% |
-3.12% |
| 1991 |
63.00% |
-2.11% |
| 1990 |
65.11% |
1.16% |
| 1989 |
63.95% |
0.38% |
| 1988 |
63.56% |
-5.12% |
| 1987 |
68.68% |
-3.66% |
| 1986 |
72.34% |
-6.92% |
| 1985 |
79.26% |
4.21% |
| 1984 |
75.05% |
-1.14% |
| 1983 |
76.19% |
8.02% |
| 1982 |
68.17% |
-1.60% |
| 1981 |
69.77% |
-0.26% |
| 1980 |
70.03% |
-3.70% |
| 1979 |
73.73% |
4.59% |
| 1978 |
69.14% |
3.41% |
| 1977 |
65.73% |
-2.05% |
| 1976 |
67.78% |
-6.16% |
| 1975 |
73.95% |
2.37% |
| 1974 |
71.58% |
-0.62% |
| 1973 |
72.20% |
1.33% |
| 1972 |
70.87% |
-9.36% |
| 1971 |
80.23% |
-6.84% |
| 1970 |
87.07% |
-6.84% |
