Iceland - Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in Iceland was 47.35 as of 2020. Its highest value over the past 60 years was 68.43 in 1960, while its lowest value was 41.69 in 1967.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1960 68.43
1961 61.84
1962 60.72
1963 59.99
1964 55.73
1965 50.79
1966 47.54
1967 41.69
1968 45.11
1969 55.70
1970 57.72
1971 53.71
1972 50.02
1973 56.22
1974 56.03
1975 56.15
1976 51.99
1977 50.58
1978 52.39
1979 55.97
1980 56.69
1981 54.91
1982 50.80
1983 56.33
1984 55.16
1985 57.64
1986 55.59
1987 53.71
1988 49.47
1989 49.11
1990 50.58
1991 47.89
1992 45.36
1993 44.06
1994 48.44
1995 49.97
1996 53.04
1997 51.11
1998 51.90
1999 50.32
2000 49.75
2001 52.07
2002 48.33
2003 45.57
2004 46.89
2005 47.88
2006 54.91
2007 53.21
2008 64.11
2009 58.24
2010 61.99
2011 66.93
2012 66.68
2013 62.13
2014 58.36
2015 57.26
2016 48.60
2017 47.89
2018 50.39
2019 47.43
2020 47.35

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade