Iceland vs Luxembourg: Merchandise exports (current US$), per unit of GDP

Iceland
0.1858 current US$ per US$ of GDP
in 2025
Luxembourg
0.1818 current US$ per US$ of GDP
in 2025
Iceland rank
112th
Luxembourg rank
113th

Merchandise exports (current US$), per unit of GDP over time

  • Iceland
  • Luxembourg
0.10.20.30.40.5196019922025

How they compare

Iceland currently reports 0.1858 current US$ per US$ of GDP against 0.1818 current US$ per US$ of GDP in Luxembourg, a difference of 0.004 current US$ per US$ of GDP.

The two have swapped places 3 times across 27 shared years of data; in 1999 it was Luxembourg ahead.

Iceland ranks 112th and Luxembourg ranks 113th of 203 countries.

Across the 4 decades both report, Iceland averaged higher in 1 and Luxembourg in 3.

Head to head by decade

Decade Iceland Luxembourg Difference Ahead
1990s 0.22 current US$ per US$ of GDP 0.3746 current US$ per US$ of GDP 0.1545 current US$ per US$ of GDP Luxembourg
2000s 0.2292 current US$ per US$ of GDP 0.451 current US$ per US$ of GDP 0.2219 current US$ per US$ of GDP Luxembourg
2010s 0.2694 current US$ per US$ of GDP 0.281 current US$ per US$ of GDP 0.0116 current US$ per US$ of GDP Luxembourg
2020s 0.2164 current US$ per US$ of GDP 0.1911 current US$ per US$ of GDP 0.0253 current US$ per US$ of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise exports (current us$), per unit of gdp, Iceland or Luxembourg?
Iceland, at 0.1858 current US$ per US$ of GDP against 0.1818 current US$ per US$ of GDP in Luxembourg as of 2025.
What is the difference in merchandise exports (current us$), per unit of gdp between Iceland and Luxembourg?
0.004 current US$ per US$ of GDP, with Iceland ahead.
How many years of comparable data are there for Iceland and Luxembourg?
27 years are reported by both, from 1999 to 2025.
How do Iceland and Luxembourg rank globally for merchandise exports (current us$), per unit of gdp?
Iceland ranks 112th and Luxembourg ranks 113th of 203 countries.
Where does this data come from?
Statizoid (derived), published as Merchandise exports (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Luxembourg: Merchandise exports (current US$), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 02 September 2026, from https://private-sector.statizoid.com/compare/merchandise-exports-current-us-per-unit-of-gdp/iceland/luxembourg/

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About this data

Indicator
Merchandise exports (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
250 places, 13,939 data points, 1960–2025
Last refreshed

Merchandise exports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.