Iceland vs Panama: Merchandise imports (current US$), per unit of GDP
Iceland
0.2837 current US$ per US$ of GDP
in 2025
Panama
0.2848 current US$ per US$ of GDP
in 2025
Iceland rank
123rd
Panama rank
121st
Merchandise imports (current US$), per unit of GDP over time
- Iceland
- Panama
How they compare
Panama currently reports 0.2848 current US$ per US$ of GDP against 0.2837 current US$ per US$ of GDP in Iceland, a difference of 0.0011 current US$ per US$ of GDP.
The two have swapped places 9 times across 66 shared years of data; in 1960 it was Iceland ahead.
Iceland ranks 123rd and Panama ranks 121st of 203 countries.
Across the 7 decades both report, Iceland averaged higher in 2 and Panama in 5.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.2857 current US$ per US$ of GDP | 0.2399 current US$ per US$ of GDP | 0.0458 current US$ per US$ of GDP | Iceland |
| 1970s | 0.289 current US$ per US$ of GDP | 0.3043 current US$ per US$ of GDP | 0.0153 current US$ per US$ of GDP | Panama |
| 1980s | 0.2756 current US$ per US$ of GDP | 0.2228 current US$ per US$ of GDP | 0.0528 current US$ per US$ of GDP | Iceland |
| 1990s | 0.2487 current US$ per US$ of GDP | 0.2709 current US$ per US$ of GDP | 0.0222 current US$ per US$ of GDP | Panama |
| 2000s | 0.286 current US$ per US$ of GDP | 0.4099 current US$ per US$ of GDP | 0.1239 current US$ per US$ of GDP | Panama |
| 2010s | 0.2919 current US$ per US$ of GDP | 0.4511 current US$ per US$ of GDP | 0.1592 current US$ per US$ of GDP | Panama |
| 2020s | 0.2938 current US$ per US$ of GDP | 0.3248 current US$ per US$ of GDP | 0.031 current US$ per US$ of GDP | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise imports (current us$), per unit of gdp, Iceland or Panama?
- Panama, at 0.2848 current US$ per US$ of GDP against 0.2837 current US$ per US$ of GDP in Iceland as of 2025.
- What is the difference in merchandise imports (current us$), per unit of gdp between Iceland and Panama?
- 0.0011 current US$ per US$ of GDP, with Panama ahead.
- How many years of comparable data are there for Iceland and Panama?
- 66 years are reported by both, from 1960 to 2025.
- How do Iceland and Panama rank globally for merchandise imports (current us$), per unit of gdp?
- Iceland ranks 123rd and Panama ranks 121st of 203 countries.
- Where does this data come from?
- Statizoid (derived), published as Merchandise imports (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise imports (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.