Iceland - Trade in services

Trade in services (% of GDP)

Trade in services (% of GDP) in Iceland was 23.55 as of 2020. Its highest value over the past 44 years was 42.33 in 2013, while its lowest value was 16.05 in 1980.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1976 17.35
1977 16.39
1978 18.08
1979 19.15
1980 16.05
1981 16.74
1982 20.24
1983 22.53
1984 22.97
1985 25.37
1986 20.72
1987 19.05
1988 17.48
1989 17.83
1990 17.25
1991 17.07
1992 16.66
1993 19.18
1994 18.73
1995 18.46
1996 19.98
1997 21.23
1998 22.23
1999 21.74
2000 24.08
2001 26.44
2002 24.61
2003 25.67
2004 25.37
2005 27.51
2006 26.50
2007 27.23
2008 28.78
2009 35.35
2010 37.82
2011 39.73
2012 42.28
2013 42.33
2014 41.51
2015 40.98
2016 41.35
2017 40.65
2018 40.74
2019 37.12
2020 23.55

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments