Commercial service exports (current US$), annual growth rate in Iceland
Iceland: Commercial service exports (current US$), annual growth rate was 14.58 % change on previous year in 2025. ◆ Volatile
Commercial service exports (current US$), annual growth rate in Iceland, 1977–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for commercial service exports (current us$), annual growth rate in Iceland is 14.58 % change on previous year, measured in 2025.
Compared with earlier readings it is up 2,585.7% on the previous year and up 469.8% over ten years.
Over the whole period, commercial service exports (current us$), annual growth rate in Iceland peaked at 64.69 % change on previous year in 2022 and was at its lowest, -51.39 % change on previous year, in 2020.
Iceland ranks 57th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports (current US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 20.92 % change on previous year | — |
| 1978 | 24.35 % change on previous year | +16.4% |
| 1979 | 15.17 % change on previous year | -37.7% |
| 1980 | -14.27 % change on previous year | -194.0% |
| 1981 | 10.6 % change on previous year | -174.3% |
| 1982 | 8.79 % change on previous year | -17.1% |
| 1983 | -0.2448 % change on previous year | -102.8% |
| 1984 | 2.54 % change on previous year | -1135.9% |
| 1985 | 23.85 % change on previous year | +840.7% |
| 1986 | 6.6 % change on previous year | -72.3% |
| 1987 | 20.94 % change on previous year | +217.1% |
| 1988 | -1.12 % change on previous year | -105.4% |
| 1989 | -5.99 % change on previous year | +432.7% |
| 1990 | 17.82 % change on previous year | -397.6% |
| 1991 | 3.9 % change on previous year | -78.1% |
| 1992 | 0.7047 % change on previous year | -81.9% |
| 1993 | 9.65 % change on previous year | +1269.4% |
| 1994 | 5.66 % change on previous year | -41.4% |
| 1995 | 30.02 % change on previous year | +430.6% |
| 1996 | 11.28 % change on previous year | -62.4% |
| 1997 | 8.82 % change on previous year | -21.7% |
| 1998 | 14.38 % change on previous year | +62.9% |
| 1999 | 0.7096 % change on previous year | -95.1% |
| 2000 | 11.11 % change on previous year | +1465.6% |
| 2001 | 7.12 % change on previous year | -35.9% |
| 2002 | 5.89 % change on previous year | -17.3% |
| 2003 | 21.84 % change on previous year | +270.8% |
| 2004 | 17.77 % change on previous year | -18.6% |
| 2005 | 27.46 % change on previous year | +54.5% |
| 2006 | -1.09 % change on previous year | -104.0% |
| 2007 | 37.23 % change on previous year | -3529.3% |
| 2008 | -7.9 % change on previous year | -121.2% |
| 2009 | -4.24 % change on previous year | -46.3% |
| 2010 | 12.66 % change on previous year | -398.8% |
| 2011 | 14.32 % change on previous year | +13.1% |
| 2012 | 1.39 % change on previous year | -90.3% |
| 2013 | 14.55 % change on previous year | +945.4% |
| 2014 | 7.2 % change on previous year | -50.6% |
| 2015 | 2.56 % change on previous year | -64.4% |
| 2016 | 25.15 % change on previous year | +882.8% |
| 2017 | 17.09 % change on previous year | -32.1% |
| 2018 | 3.27 % change on previous year | -80.8% |
| 2019 | -12.84 % change on previous year | -492.3% |
| 2020 | -51.39 % change on previous year | +300.2% |
| 2021 | 30.41 % change on previous year | -159.2% |
| 2022 | 64.69 % change on previous year | +112.7% |
| 2023 | 18.55 % change on previous year | -71.3% |
| 2024 | -0.5866 % change on previous year | -103.2% |
| 2025 | 14.58 % change on previous year | -2585.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.15 % change on previous year | 15.17 % change on previous year | 24.35 % change on previous year | 3 |
| 1980s | 5.17 % change on previous year | -14.27 % change on previous year | 23.85 % change on previous year | 10 |
| 1990s | 10.29 % change on previous year | 0.7047 % change on previous year | 30.02 % change on previous year | 10 |
| 2000s | 11.52 % change on previous year | -7.9 % change on previous year | 37.23 % change on previous year | 10 |
| 2010s | 8.54 % change on previous year | -12.84 % change on previous year | 25.15 % change on previous year | 10 |
| 2020s | 12.71 % change on previous year | -51.39 % change on previous year | 64.69 % change on previous year | 6 |
Countries ranked near Iceland
- 54 Kenya 14.98 % change on previous year compare
- 55 Solomon Islands 14.82 % change on previous year compare
- 56 Bahamas 14.69 % change on previous year compare
- 58 Zimbabwe 14.44 % change on previous year compare
- 59 Cape Verde 13.69 % change on previous year compare
- 60 Brunei Darussalam 13.61 % change on previous year compare
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports (current us$), annual growth rate in Iceland?
- Commercial service exports (current us$), annual growth rate in Iceland was 14.58 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest commercial service exports (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 64.69 % change on previous year in 2022.
- What is the lowest commercial service exports (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -51.39 % change on previous year in 2020.
- How does Iceland rank for commercial service exports (current us$), annual growth rate?
- Iceland ranks 57th out of 198 countries with data for 2025.
- Is commercial service exports (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 469.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Commercial service exports (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Commercial service exports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Commercial service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Commercial service exports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.