Iceland vs Somalia: Merchandise exports to low- and middle-income economies within region

Iceland
0.7%
in 2023
Somalia
0.7%
in 2023
Iceland rank
194th
Somalia rank
196th

Merchandise exports to low- and middle-income economies within region over time

  • Iceland
  • Somalia
02.557.510196019912023

How they compare

Iceland currently reports 0.7% against 0.7% in Somalia, a difference of 0.0%.

That makes Iceland's figure about 1.1 times Somalia's.

The two have swapped places 9 times across 53 shared years of data; in 1969 it was Somalia ahead.

Iceland ranks 194th and Somalia ranks 196th of 203 countries.

Across the 7 decades both report, Iceland averaged higher in 1 and Somalia in 6.

Head to head by decade

Decade Iceland Somalia Difference Ahead
1960s 0.0% 0.8% 0.7% Somalia
1970s 0.3% 1.5% 1.2% Somalia
1980s 0.1% 0.5% 0.4% Somalia
1990s 0.2% 0.9% 0.6% Somalia
2000s 0.5% 3.0% 2.6% Somalia
2010s 1.3% 1.9% 0.6% Somalia
2020s 1.3% 1.1% 0.2% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise exports to low- and middle-income economies within region, Iceland or Somalia?
Iceland, at 0.7% against 0.7% in Somalia as of 2023.
What is the difference in merchandise exports to low- and middle-income economies within region between Iceland and Somalia?
0.0%, with Iceland ahead.
How many years of comparable data are there for Iceland and Somalia?
53 years are reported by both, from 1969 to 2023.
How do Iceland and Somalia rank globally for merchandise exports to low- and middle-income economies within region?
Iceland ranks 194th and Somalia ranks 196th of 203 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise exports to low- and middle-income economies within region (% of total merchandise exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Somalia: Merchandise exports to low- and middle-income economies within region. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 18 September 2026, from https://private-sector.statizoid.com/compare/merchandise-exports-to-low-and-middle-income-economies-within-region-percent-of-total/iceland/somalia-fed-rep/

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About this data

Indicator
Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Unit
% of total merchandise exports
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
249 places, 12,966 data points, 1960–2023
Last refreshed

Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.