Trade openness in Iceland in 2025 — 82.49%. Ranked 67 in the world out of 138. Since 1970, the indicator has fallen by 1.64 pp.
1970–2025 · % of GDP
How the value compares with the world and the groups this territory belongs to: Iceland
| Year | % | Change, pp |
|---|---|---|
| 2025 | 82.49 | −3.69 pp |
| 2024 | 86.18 | −1.06 pp |
| 2023 | 87.24 | −5.78 pp |
| 2022 | 93.02 | +16.78 pp |
| 2021 | 76.23 | +7.58 pp |
| 2020 | 68.66 | −15.14 pp |
| 2019 | 83.79 | −5.14 pp |
| 2018 | 88.93 | +2.58 pp |
| 2017 | 86.36 | −1.4 pp |
| 2016 | 87.76 | −7.13 pp |
| 2015 | 94.89 | −0.4 pp |
| 2014 | 95.29 | −2.41 pp |
| 2013 | 97.7 | −4.74 pp |
| 2012 | 102.43 | +2.3 pp |
| 2011 | 100.13 | +7.64 pp |
| 2010 | 92.49 | +3.49 pp |
| 2009 | 89 | +7.1 pp |
| 2008 | 81.9 | +8.28 pp |
| 2007 | 73.62 | −3.01 pp |
| 2006 | 76.63 | +5.42 pp |
| 2005 | 71.21 | +1.48 pp |
| 2004 | 69.73 | +2.33 pp |
| 2003 | 67.4 | −1.31 pp |
| 2002 | 68.71 | −5.23 pp |
| 2001 | 73.94 | +3.69 pp |
| 2000 | 70.25 | +1.78 pp |
| 1999 | 68.47 | −2.3 pp |
| 1998 | 70.77 | +1.51 pp |
| 1997 | 69.26 | +0.56 pp |
| 1996 | 68.7 | +4.39 pp |
| 1995 | 64.3 | +1.01 pp |
| 1994 | 63.29 | +3.81 pp |
| 1993 | 59.48 | +1.62 pp |
| 1992 | 57.86 | −3.01 pp |
| 1991 | 60.87 | −2.04 pp |
| 1990 | 62.91 | +1.12 pp |
| 1989 | 61.79 | +0.37 pp |
| 1988 | 61.42 | −4.94 pp |
| 1987 | 66.36 | −3.54 pp |
| 1986 | 69.9 | −6.68 pp |
| 1985 | 76.58 | +4.07 pp |
| 1984 | 72.52 | −1.1 pp |
| 1983 | 73.62 | +7.75 pp |
| 1982 | 65.87 | −1.55 pp |
| 1981 | 67.42 | −0.25 pp |
| 1980 | 67.67 | −3.58 pp |
| 1979 | 71.24 | +4.44 pp |
| 1978 | 66.81 | +3.29 pp |
| 1977 | 63.51 | −1.98 pp |
| 1976 | 65.5 | −5.95 pp |
| 1975 | 71.45 | +2.29 pp |
| 1974 | 69.16 | −0.6 pp |
| 1973 | 69.76 | +1.29 pp |
| 1972 | 68.47 | −9.05 pp |
| 1971 | 77.52 | −6.61 pp |
| 1970 | 84.13 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
