Iceland - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Iceland was -0.73 as of 2020. Its highest value over the past 50 years was 9.85 in 2010, while its lowest value was -16.73 in 2006.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 1.56 |
| 1971 | -6.47 |
| 1972 | -1.88 |
| 1973 | -2.12 |
| 1974 | -9.69 |
| 1975 | -8.36 |
| 1976 | 0.27 |
| 1977 | -0.87 |
| 1978 | 2.82 |
| 1979 | 1.03 |
| 1980 | -0.10 |
| 1981 | -1.56 |
| 1982 | -4.76 |
| 1983 | 2.01 |
| 1984 | -0.16 |
| 1985 | 0.04 |
| 1986 | 3.69 |
| 1987 | -1.14 |
| 1988 | -0.98 |
| 1989 | 2.12 |
| 1990 | 1.18 |
| 1991 | -1.32 |
| 1992 | -0.18 |
| 1993 | 3.02 |
| 1994 | 4.97 |
| 1995 | 3.45 |
| 1996 | 0.49 |
| 1997 | 0.46 |
| 1998 | -4.35 |
| 1999 | -4.52 |
| 2000 | -6.88 |
| 2001 | -0.85 |
| 2002 | 1.60 |
| 2003 | -2.95 |
| 2004 | -5.61 |
| 2005 | -11.73 |
| 2006 | -16.73 |
| 2007 | -8.99 |
| 2008 | -2.09 |
| 2009 | 8.04 |
| 2010 | 9.85 |
| 2011 | 7.68 |
| 2012 | 5.77 |
| 2013 | 7.71 |
| 2014 | 6.37 |
| 2015 | 7.49 |
| 2016 | 6.64 |
| 2017 | 4.49 |
| 2018 | 3.32 |
| 2019 | 4.53 |
| 2020 | -0.73 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
