Iceland Trade to GDP Ratio 1970-2022

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 2021 was 78.39%, a 9.21% increase from 2020.
  • Iceland trade to gdp ratio for 2020 was 69.18%, a 14.92% decline from 2019.
  • Iceland trade to gdp ratio for 2019 was 84.10%, a 5.85% decline from 2018.
  • Iceland trade to gdp ratio for 2018 was 89.95%, a 2.97% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Hong Kong 403.10%
Luxembourg 388.85%
Singapore 338.31%
Malta 283.47%
Ireland 229.40%
Seychelles 197.00%
Slovak Republic 188.36%
Belgium 169.37%
Macao 164.18%
Hungary 161.91%
Slovenia 161.74%
Cyprus 160.94%
Estonia 160.79%
Lithuania 156.57%
Netherlands 156.19%
Brunei 147.12%
Czech Republic 142.11%
Latvia 130.22%
Switzerland 125.11%
Poland 117.62%
Denmark 112.43%
Austria 110.99%
Croatia 103.76%
Germany 89.39%
Greece 89.18%
Sweden 88.16%
Portugal 87.05%
South Korea 79.77%
Iceland 78.39%
Finland 77.63%
Bermuda 73.25%
Norway 70.68%
Bahamas 69.63%
Spain 68.33%
Chile 64.43%
Italy 63.06%
France 61.97%
Canada 61.23%
Saudi Arabia 59.12%
Uruguay 56.81%
United Kingdom 55.24%
Israel 54.97%
Australia 40.02%
Argentina 33.43%
Iceland Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2021 78.39% 9.21%
2020 69.18% -14.92%
2019 84.10% -5.85%
2018 89.95% 2.97%
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%