Iceland - Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in Iceland was 24.24 as of 2020. Its highest value over the past 44 years was 56.76 in 1978, while its lowest value was 24.24 in 2020.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 54.84
1977 55.02
1978 56.76
1979 56.15
1980 49.07
1981 52.81
1982 52.82
1983 48.53
1984 47.54
1985 54.91
1986 45.37
1987 39.79
1988 39.24
1989 37.51
1990 39.73
1991 39.44
1992 35.71
1993 39.12
1994 40.59
2009 39.17
2010 38.80
2011 39.01
2012 39.81
2013 38.98
2014 37.72
2015 35.62
2016 33.64
2017 33.81
2018 33.78
2019 28.24
2020 24.24

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments