Iceland vs Low income: Merchandise imports from low- and middle-income economies in Latin

Iceland
4.9%
in 2023
Low income
1.6%
in 2023
Iceland rank
42nd
Low income rank
43rd

Merchandise imports from low- and middle-income economies in Latin over time

  • Iceland
  • Low income
02.557.510196019912023

How they compare

Iceland currently reports 4.9% against 1.6% in Low income, a difference of 3.3%.

That makes Iceland's figure about 3.1 times Low income's.

The two have swapped places 6 times across 64 shared years of data; in 1960 it was Iceland ahead.

Iceland ranks 42nd and Low income ranks 43rd of 206 countries.

Across the 7 decades both report, Iceland averaged higher in 4 and Low income in 3.

Head to head by decade

Decade Iceland Low income Difference Ahead
1960s 2.0% 0.7% 1.3% Iceland
1970s 2.5% 1.5% 1.0% Iceland
1980s 1.0% 1.5% 0.5% Low income
1990s 0.5% 1.6% 1.1% Low income
2000s 2.2% 3.2% 1.1% Low income
2010s 7.0% 2.2% 4.8% Iceland
2020s 5.7% 1.7% 4.0% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise imports from low- and middle-income economies in latin, Iceland or Low income?
Iceland, at 4.9% against 1.6% in Low income as of 2023.
What is the difference in merchandise imports from low- and middle-income economies in latin between Iceland and Low income?
3.3%, with Iceland ahead.
How many years of comparable data are there for Iceland and Low income?
64 years are reported by both, from 1960 to 2023.
How do Iceland and Low income rank globally for merchandise imports from low- and middle-income economies in latin?
Iceland ranks 42nd and Low income ranks 43rd of 206 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Low income: Merchandise imports from low- and middle-income economies in Latin. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 17 September 2026, from https://private-sector.statizoid.com/compare/merchandise-imports-from-low-and-middle-income-economies-in-latin-america-and-the/iceland/low-income/

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<a href="https://private-sector.statizoid.com/compare/merchandise-imports-from-low-and-middle-income-economies-in-latin-america-and-the/iceland/low-income/">Iceland vs Low income: Merchandise imports from low- and middle-income economies in Latin</a> — Statizoid

About this data

Indicator
Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
Unit
% of total merchandise imports
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
253 places, 12,628 data points, 1960–2023
Last refreshed

Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.