Imports of goods and services in Iceland: 42.4% (Imports, 2025 · 92nd of 176). Imports of goods and services (% of GDP) in Iceland: 42.4% in 2025, ranking 92nd of 176 countries. In 2010 it was 41.3%.
Data last updated · Period: 2010–2025
Understanding the chart
The line chart above tracks imports of goods and services (% of GDP) in Iceland for each year from 2010 to 2025, 16 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in % of gdp. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2025 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2025, Iceland's imports rose from 41.3% to 42.4%, a rise of 1.0 percentage points.
- The highest value in this period was 48.2% in 2012; the lowest was 34.5% in 2020.
- Recently, the figure has moved up and down over the last three years (2024: 43.7%; 2025: 42.4%).
- That is 13.9 percentage points above the world figure of 28.5%.
- Iceland has the 92nd-highest value of 176 countries with recent data.
- In Northern Europe, Iceland has the 8th-highest value of 11 countries with recent data; the highest is Ireland (99.9%), and the typical (median) value is 51.2%.
Analysis
Averaged over periods, the figure was 45.0% in 2010 to 2014, 41.2% in 2015 to 2019 and 41.5% in 2020 onwards. The value went up in 7 of the 15 year-to-year steps and down in 8. The biggest one-year rise came in 2022 (+7.4 percentage points). The biggest one-year fall came in 2020 (−4.6 percentage points). Year to year, the figure typically varied by about 3.4 percentage points around its average of 42.5%, a volatile pattern.
What it means
For businesses and investors, the figure is most useful alongside related measures for the same country, such as growth, inflation, population and incomes, and compared with similar countries. Compared with its neighbours in Northern Europe, where the typical value is 51.2%, Iceland is 8.8 percentage points lower.
Related figures
- Imports of goods and services (% of GDP) by country, 2025: 196.9% (highest: Hong Kong SAR, China). The value of goods and services bought from other countries, as a share of GDP.
- Imports of goods and services (% of GDP) in Denmark, 2010–2025: 59.1% (Imports, 2025 · 51st of 176). Imports of goods and services (% of GDP) in Denmark: 59.1% in 2025, ranking 51st of 176 countries.
- Imports of goods and services (% of GDP) in Estonia, 2010–2025: 77.4% (Imports, 2025 · 23rd of 176). Imports of goods and services (% of GDP) in Estonia: 77.4% in 2025, ranking 23rd of 176 countries.
About this statistic
The value of goods and services bought from other countries, as a share of GDP. A high share means many products are sourced abroad, which can create openings for local alternatives and for importers.
Trade and investment flows show how open an economy is: exporters gain larger markets, importers gain cheaper inputs, and foreign investment brings capital and know-how. The figures come from the World Bank's World Development Indicators, which compile official national statistics in a consistent form so countries can be compared.
Questions and answers
What is the imports of goods and services (% of GDP) in Iceland?
42.4% (Imports, 2025 · 92nd of 176). Imports of goods and services (% of GDP) in Iceland: 42.4% in 2025, ranking 92nd of 176 countries. In 2010 it was 41.3%.
How has imports in Iceland changed since 2010?
Between 2010 and 2025, Iceland's imports rose from 41.3% to 42.4%, a rise of 1.0 percentage points. The highest value in this period was 48.2% in 2012; the lowest was 34.5% in 2020.
Where does this data come from?
From World Bank, World Development Indicators (CC BY 4.0), covering 2010–2025. The value of goods and services bought from other countries, as a share of GDP. A high share means many products are sourced abroad, which can create openings for local alternatives and for importers.
Data
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 2010 | 41.3% |
| 2011 | 46.2% |
| 2012 | 48.2% |
| 2013 | 44.9% |
| 2014 | 44.4% |
| 2015 | 43.6% |
| 2016 | 40.3% |
| 2017 | 40.7% |
| 2018 | 42.5% |
| 2019 | 39.1% |
| 2020 | 34.5% |
| 2021 | 38.9% |
| 2022 | 46.3% |
| 2023 | 43.3% |
| 2024 | 43.7% |
| 2025 | 42.4% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2025. Coverage: Iceland.
The value of goods and services bought from other countries, as a share of GDP. A high share means many products are sourced abroad, which can create openings for local alternatives and for importers.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Imports of goods and services (% of GDP) by country, 2025
- Imports of goods and services (% of GDP) in Denmark, 2010–2025
- Imports of goods and services (% of GDP) in Estonia, 2010–2025
- Imports of goods and services (% of GDP) in Finland, 2010–2025
- Imports of goods and services (% of GDP) in Faroe Islands, 2010–2024
- GDP of Iceland, 2010–2025
- Economic growth (GDP growth) in Iceland, 2010–2025
- GDP per person in Iceland, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Iceland, 2010–2024
All Iceland data: economy, people, jobs and digital in one place
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