Commercial service exports in Iceland
Iceland: Commercial service exports was 8.13 billion current US$ in 2025. ◆ Volatile
Commercial service exports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
Iceland recorded 8.13 billion current US$ for commercial service exports in 2025. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 14.6% on the previous year and up 86.0% over ten years.
Over the whole period, commercial service exports in Iceland peaked at 8.13 billion current US$ in 2025 and was at its lowest, 137.20 million current US$, in 1976.
Iceland ranks 78th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 137.20 million current US$ | — |
| 1977 | 165.90 million current US$ | +20.9% |
| 1978 | 206.30 million current US$ | +24.4% |
| 1979 | 237.60 million current US$ | +15.2% |
| 1980 | 203.70 million current US$ | -14.3% |
| 1981 | 225.30 million current US$ | +10.6% |
| 1982 | 245.10 million current US$ | +8.8% |
| 1983 | 244.50 million current US$ | -0.2% |
| 1984 | 250.70 million current US$ | +2.5% |
| 1985 | 310.50 million current US$ | +23.9% |
| 1986 | 331.00 million current US$ | +6.6% |
| 1987 | 400.30 million current US$ | +20.9% |
| 1988 | 395.80 million current US$ | -1.1% |
| 1989 | 372.10 million current US$ | -6.0% |
| 1990 | 438.40 million current US$ | +17.8% |
| 1991 | 455.48 million current US$ | +3.9% |
| 1992 | 458.69 million current US$ | +0.7% |
| 1993 | 502.96 million current US$ | +9.7% |
| 1994 | 531.42 million current US$ | +5.7% |
| 1995 | 690.96 million current US$ | +30.0% |
| 1996 | 768.87 million current US$ | +11.3% |
| 1997 | 836.71 million current US$ | +8.8% |
| 1998 | 957.01 million current US$ | +14.4% |
| 1999 | 963.80 million current US$ | +0.7% |
| 2000 | 1.07 billion current US$ | +11.1% |
| 2001 | 1.15 billion current US$ | +7.1% |
| 2002 | 1.21 billion current US$ | +5.9% |
| 2003 | 1.48 billion current US$ | +21.8% |
| 2004 | 1.74 billion current US$ | +17.8% |
| 2005 | 2.22 billion current US$ | +27.5% |
| 2006 | 2.20 billion current US$ | -1.1% |
| 2007 | 3.02 billion current US$ | +37.2% |
| 2008 | 2.78 billion current US$ | -7.9% |
| 2009 | 2.66 billion current US$ | -4.2% |
| 2010 | 3.00 billion current US$ | +12.7% |
| 2011 | 3.43 billion current US$ | +14.3% |
| 2012 | 3.47 billion current US$ | +1.4% |
| 2013 | 3.98 billion current US$ | +14.6% |
| 2014 | 4.26 billion current US$ | +7.2% |
| 2015 | 4.37 billion current US$ | +2.6% |
| 2016 | 5.47 billion current US$ | +25.2% |
| 2017 | 6.41 billion current US$ | +17.1% |
| 2018 | 6.62 billion current US$ | +3.3% |
| 2019 | 5.77 billion current US$ | -12.8% |
| 2020 | 2.80 billion current US$ | -51.4% |
| 2021 | 3.66 billion current US$ | +30.4% |
| 2022 | 6.02 billion current US$ | +64.7% |
| 2023 | 7.14 billion current US$ | +18.5% |
| 2024 | 7.10 billion current US$ | -0.6% |
| 2025 | 8.13 billion current US$ | +14.6% |
Iceland compared with similar countries
- Iceland's 8.13 billion current US$ is below the median for high income countries, which is 24.20 billion current US$, 34% of the median. (72 countries reporting)
- Iceland's 8.13 billion current US$ is below the median for Europe & Central Asia, which is 24.77 billion current US$, 33% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 186.75 million current US$ | 137.20 million current US$ | 237.60 million current US$ | 4 |
| 1980s | 297.90 million current US$ | 203.70 million current US$ | 400.30 million current US$ | 10 |
| 1990s | 660.43 million current US$ | 438.40 million current US$ | 963.80 million current US$ | 10 |
| 2000s | 1.95 billion current US$ | 1.07 billion current US$ | 3.02 billion current US$ | 10 |
| 2010s | 4.68 billion current US$ | 3.00 billion current US$ | 6.62 billion current US$ | 10 |
| 2020s | 5.81 billion current US$ | 2.80 billion current US$ | 8.13 billion current US$ | 6 |
Countries ranked near Iceland
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$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Iceland?
- Commercial service exports in Iceland was 8.13 billion current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Iceland?
- The highest recorded value was 8.13 billion current US$ in 2025.
- What is the lowest commercial service exports recorded in Iceland?
- The lowest recorded value was 137.20 million current US$ in 1976.
- How does Iceland rank for commercial service exports?
- Iceland ranks 78th out of 200 countries with data for 2025.
- Is commercial service exports rising or falling in Iceland?
- Over the last ten years it is up 86.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.