Imports (% of GDP) — all countries

Imports (% of GDP) — Iceland

Imports (% of GDP) in Iceland in 2025 — 42.37%. Ranked 69 in the world out of 138. Since 1970, the indicator has risen by 1.06 pp.

2025 42.37% −1.35 pp vs 2024
World rank 69of 138
Period maximum 48.25%2012
Period minimum 28.28%1993

Trend over time

1970–2025 · % of GDP

Imports (% of GDP) — Iceland, 1970–202525303540455019701976198219881994200020062012201820241970: 41.31%1971: 41.89%1972: 35.14%1973: 35.91%1974: 39.26%1975: 39.76%1976: 32.62%1977: 32.18%1978: 32.04%1979: 35.12%1980: 33.88%1981: 34.46%1982: 35.23%1983: 35.84%1984: 36.34%1985: 38.27%1986: 33.17%1987: 33.73%1988: 31.18%1989: 29.87%1990: 30.88%1991: 31.07%1992: 29.02%1993: 28.28%1994: 29.24%1995: 30.48%1996: 34.11%1997: 34.4%1998: 37.52%1999: 36.46%2000: 38.52%2001: 37.39%2002: 33.56%2003: 35.16%2004: 37.64%2005: 41.37%2006: 46.58%2007: 41.24%2008: 41.99%2009: 40.5%2010: 41.34%2011: 46.18%2012: 48.25%2013: 44.87%2014: 44.37%2015: 43.55%2016: 40.27%2017: 40.69%2018: 42.46%2019: 39.08%2020: 34.52%2021: 38.87%2022: 46.29%2023: 43.26%2024: 43.72%2025: 42.37%
Change over the period: +1.06 pp Annual average: 0.02 pp

Comparison, 2025

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

Iceland 42.37%
World 28.5%
Northern Europe computed 44.3%
Imports (% of GDP) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 42.37 −1.35 pp
2024 43.72 +0.46 pp
2023 43.26 −3.03 pp
2022 46.29 +7.42 pp
2021 38.87 +4.35 pp
2020 34.52 −4.56 pp
2019 39.08 −3.38 pp
2018 42.46 +1.78 pp
2017 40.69 +0.42 pp
2016 40.27 −3.28 pp
2015 43.55 −0.82 pp
2014 44.37 −0.5 pp
2013 44.87 −3.37 pp
2012 48.25 +2.07 pp
2011 46.18 +4.83 pp
2010 41.34 +0.85 pp
2009 40.5 −1.49 pp
2008 41.99 +0.74 pp
2007 41.24 −5.34 pp
2006 46.58 +5.21 pp
2005 41.37 +3.73 pp
2004 37.64 +2.48 pp
2003 35.16 +1.6 pp
2002 33.56 −3.83 pp
2001 37.39 −1.13 pp
2000 38.52 +2.06 pp
1999 36.46 −1.06 pp
1998 37.52 +3.12 pp
1997 34.4 +0.29 pp
1996 34.11 +3.63 pp
1995 30.48 +1.24 pp
1994 29.24 +0.96 pp
1993 28.28 −0.73 pp
1992 29.02 −2.06 pp
1991 31.07 +0.19 pp
1990 30.88 +1.02 pp
1989 29.87 −1.31 pp
1988 31.18 −2.55 pp
1987 33.73 +0.56 pp
1986 33.17 −5.1 pp
1985 38.27 +1.93 pp
1984 36.34 +0.5 pp
1983 35.84 +0.6 pp
1982 35.23 +0.77 pp
1981 34.46 +0.58 pp
1980 33.88 −1.24 pp
1979 35.12 +3.08 pp
1978 32.04 −0.13 pp
1977 32.18 −0.44 pp
1976 32.62 −7.15 pp
1975 39.76 +0.51 pp
1974 39.26 +3.35 pp
1973 35.91 +0.76 pp
1972 35.14 −6.74 pp
1971 41.89 +0.58 pp
1970 41.31

About the indicator

Imports of goods and services as a percent of GDP — a measure of how far an economy depends on supplies from abroad. High values are typical both of small open economies and of countries embedded in global supply chains, where imported components are processed and shipped back out.

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