Services share of GDP — all countries

Services share of GDP — Iceland

Services share of GDP in Iceland in 2025 — 66.2%. Ranked 27 in the world out of 158. Since 1995, the indicator has risen by 12 pp.

2025 66.2% +0.9 pp vs 2024
World rank 27of 158
Period maximum 66.3%2019
Period minimum 53.4%1997

Trend over time

1995–2025 · % of GDP

Services share of GDP — Iceland, 1995–20255055606570199519982001200420072010201320162019202220251995: 54.2%1996: 54.7%1997: 53.4%1998: 54.8%1999: 56%2000: 57.3%2001: 57.1%2002: 59.3%2003: 60.5%2004: 60.2%2005: 60.5%2006: 59%2007: 62.6%2008: 61.6%2009: 65.4%2010: 62%2011: 61.1%2012: 61.9%2013: 63.2%2014: 63.8%2015: 64.5%2016: 65.5%2017: 65.8%2018: 65.1%2019: 66.3%2020: 65.4%2021: 65.1%2022: 64.9%2023: 65.5%2024: 65.3%2025: 66.2%
Change over the period: +12 pp Annual average: 0.4 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 66.2%
World computed 59.9%
Northern Europe computed 68%
Services share of GDP — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 66.2 +0.9 pp
2024 65.3 −0.2 pp
2023 65.5 +0.6 pp
2022 64.9 −0.2 pp
2021 65.1 −0.3 pp
2020 65.4 −1 pp
2019 66.3 +1.3 pp
2018 65.1 −0.7 pp
2017 65.8 +0.3 pp
2016 65.5 +1 pp
2015 64.5 +0.7 pp
2014 63.8 +0.6 pp
2013 63.2 +1.3 pp
2012 61.9 +0.8 pp
2011 61.1 −0.9 pp
2010 62 −3.4 pp
2009 65.4 +3.8 pp
2008 61.6 −1.1 pp
2007 62.6 +3.7 pp
2006 59 −1.5 pp
2005 60.5 +0.2 pp
2004 60.2 −0.2 pp
2003 60.5 +1.2 pp
2002 59.3 +2.2 pp
2001 57.1 −0.1 pp
2000 57.3 +1.3 pp
1999 56 +1.1 pp
1998 54.8 +1.4 pp
1997 53.4 −1.3 pp
1996 54.7 +0.6 pp
1995 54.2

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.