Exports (% of GDP) — all countries

Exports (% of GDP) — Iceland

Exports (% of GDP) in Iceland in 2025 — 40.11%. Ranked 61 in the world out of 138. Since 1970, the indicator has fallen by 2.7 pp.

2025 40.11% −2.34 pp vs 2024
World rank 61of 138
Period maximum 54.18%2012
Period minimum 28.84%1992

Trend over time

1970–2025 · % of GDP

Exports (% of GDP) — Iceland, 1970–2025203040506019701976198219881994200020062012201820241970: 42.82%1971: 35.63%1972: 33.33%1973: 33.85%1974: 29.9%1975: 31.69%1976: 32.88%1977: 31.34%1978: 34.77%1979: 36.12%1980: 33.78%1981: 32.95%1982: 30.63%1983: 37.78%1984: 36.18%1985: 38.31%1986: 36.73%1987: 32.63%1988: 30.23%1989: 31.92%1990: 32.03%1991: 29.8%1992: 28.84%1993: 31.2%1994: 34.05%1995: 33.82%1996: 34.59%1997: 34.86%1998: 33.24%1999: 32.01%2000: 31.73%2001: 36.55%2002: 35.15%2003: 32.24%2004: 32.09%2005: 29.84%2006: 30.05%2007: 32.38%2008: 39.92%2009: 48.51%2010: 51.15%2011: 53.96%2012: 54.18%2013: 52.82%2014: 50.91%2015: 51.33%2016: 47.49%2017: 45.67%2018: 46.47%2019: 44.71%2020: 34.14%2021: 37.36%2022: 46.73%2023: 43.97%2024: 42.46%2025: 40.11%
Change over the period: −2.7 pp Annual average: -0.05 pp

Comparison, 2025

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

Iceland 40.11%
World 29.48%
Northern Europe computed 49.66%
Exports (% of GDP) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 40.11 −2.34 pp
2024 42.46 −1.52 pp
2023 43.97 −2.75 pp
2022 46.73 +9.36 pp
2021 37.36 +3.23 pp
2020 34.14 −10.58 pp
2019 44.71 −1.76 pp
2018 46.47 +0.8 pp
2017 45.67 −1.82 pp
2016 47.49 −3.85 pp
2015 51.33 +0.42 pp
2014 50.91 −1.91 pp
2013 52.82 −1.36 pp
2012 54.18 +0.23 pp
2011 53.96 +2.81 pp
2010 51.15 +2.64 pp
2009 48.51 +8.59 pp
2008 39.92 +7.54 pp
2007 32.38 +2.33 pp
2006 30.05 +0.21 pp
2005 29.84 −2.25 pp
2004 32.09 −0.15 pp
2003 32.24 −2.91 pp
2002 35.15 −1.4 pp
2001 36.55 +4.82 pp
2000 31.73 −0.28 pp
1999 32.01 −1.23 pp
1998 33.24 −1.61 pp
1997 34.86 +0.27 pp
1996 34.59 +0.77 pp
1995 33.82 −0.23 pp
1994 34.05 +2.85 pp
1993 31.2 +2.35 pp
1992 28.84 −0.95 pp
1991 29.8 −2.23 pp
1990 32.03 +0.11 pp
1989 31.92 +1.68 pp
1988 30.23 −2.4 pp
1987 32.63 −4.1 pp
1986 36.73 −1.58 pp
1985 38.31 +2.13 pp
1984 36.18 −1.6 pp
1983 37.78 +7.15 pp
1982 30.63 −2.32 pp
1981 32.95 −0.83 pp
1980 33.78 −2.34 pp
1979 36.12 +1.36 pp
1978 34.77 +3.43 pp
1977 31.34 −1.54 pp
1976 32.88 +1.19 pp
1975 31.69 +1.78 pp
1974 29.9 −3.95 pp
1973 33.85 +0.52 pp
1972 33.33 −2.3 pp
1971 35.63 −7.18 pp
1970 42.82

About the indicator

Exports of goods and services as a percent of GDP — a measure of how far an economy is oriented toward external markets. In small open economies and transit hubs the indicator can exceed 100% of GDP: exports are counted at the full value of the goods while GDP is counted as value added, so re-exports and assembly production inflate the figure.

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