Commercial service imports (current US$), annual growth rate in Iceland
Iceland: Commercial service imports (current US$), annual growth rate was 14.8 % change on previous year in 2025. ◆ Volatile
Commercial service imports (current US$), annual growth rate in Iceland, 1977–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, commercial service imports (current us$), annual growth rate in Iceland stood at 14.8 % change on previous year.
That represents a change of up 68.1% on the previous year and up 270.8% over ten years.
Over the whole period, commercial service imports (current us$), annual growth rate in Iceland peaked at 47.95 % change on previous year in 2022 and was at its lowest, -35.41 % change on previous year, in 2020.
Iceland ranks 44th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service imports (current US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 27.94 % change on previous year | — |
| 1978 | 28.44 % change on previous year | +1.8% |
| 1979 | 29.34 % change on previous year | +3.2% |
| 1980 | 3.93 % change on previous year | -86.6% |
| 1981 | 6.9 % change on previous year | +75.4% |
| 1982 | 8.85 % change on previous year | +28.3% |
| 1983 | -10.33 % change on previous year | -216.8% |
| 1984 | 12.88 % change on previous year | -224.7% |
| 1985 | 17.97 % change on previous year | +39.5% |
| 1986 | 1.56 % change on previous year | -91.3% |
| 1987 | 36.81 % change on previous year | +2259.6% |
| 1988 | 4.55 % change on previous year | -87.6% |
| 1989 | -7.87 % change on previous year | -272.8% |
| 1990 | 16.01 % change on previous year | -303.5% |
| 1991 | 8.82 % change on previous year | -44.9% |
| 1992 | -2.49 % change on previous year | -128.2% |
| 1993 | 0.6777 % change on previous year | -127.2% |
| 1994 | -2.98 % change on previous year | -540.4% |
| 1995 | 9.94 % change on previous year | -432.9% |
| 1996 | 14.55 % change on previous year | +46.4% |
| 1997 | 7.87 % change on previous year | -45.9% |
| 1998 | 21.13 % change on previous year | +168.6% |
| 1999 | 5.94 % change on previous year | -71.9% |
| 2000 | 11.43 % change on previous year | +92.3% |
| 2001 | -6.54 % change on previous year | -157.2% |
| 2002 | 4.75 % change on previous year | -172.7% |
| 2003 | 34.76 % change on previous year | +631.8% |
| 2004 | 21.34 % change on previous year | -38.6% |
| 2005 | 36.86 % change on previous year | +72.7% |
| 2006 | 0.6461 % change on previous year | -98.2% |
| 2007 | 18.51 % change on previous year | +2765.1% |
| 2008 | -15.83 % change on previous year | -185.5% |
| 2009 | -19.52 % change on previous year | +23.3% |
| 2010 | 10.7 % change on previous year | -154.8% |
| 2011 | 18.08 % change on previous year | +69.0% |
| 2012 | 5.28 % change on previous year | -70.8% |
| 2013 | 2.42 % change on previous year | -54.3% |
| 2014 | 10.27 % change on previous year | +324.8% |
| 2015 | -8.67 % change on previous year | -184.4% |
| 2016 | 14.65 % change on previous year | -269.0% |
| 2017 | 15.97 % change on previous year | +9.0% |
| 2018 | 12.25 % change on previous year | -23.3% |
| 2019 | -14.12 % change on previous year | -215.3% |
| 2020 | -35.41 % change on previous year | +150.7% |
| 2021 | 31.13 % change on previous year | -187.9% |
| 2022 | 47.95 % change on previous year | +54.0% |
| 2023 | 7.05 % change on previous year | -85.3% |
| 2024 | 8.81 % change on previous year | +25.0% |
| 2025 | 14.8 % change on previous year | +68.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.57 % change on previous year | 27.94 % change on previous year | 29.34 % change on previous year | 3 |
| 1980s | 7.52 % change on previous year | -10.33 % change on previous year | 36.81 % change on previous year | 10 |
| 1990s | 7.95 % change on previous year | -2.98 % change on previous year | 21.13 % change on previous year | 10 |
| 2000s | 8.64 % change on previous year | -19.52 % change on previous year | 36.86 % change on previous year | 10 |
| 2010s | 6.68 % change on previous year | -14.12 % change on previous year | 18.08 % change on previous year | 10 |
| 2020s | 12.39 % change on previous year | -35.41 % change on previous year | 47.95 % change on previous year | 6 |
Countries ranked near Iceland
- 41 Serbia 15.68 % change on previous year compare
- 42 Poland 15.46 % change on previous year compare
- 43 Zambia 15.29 % change on previous year compare
- 45 Guatemala 14.51 % change on previous year compare
- 46 Hong Kong, China 14.17 % change on previous year compare
- 47 Spain 13.86 % 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$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports (current us$), annual growth rate in Iceland?
- Commercial service imports (current us$), annual growth rate in Iceland was 14.8 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest commercial service imports (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 47.95 % change on previous year in 2022.
- What is the lowest commercial service imports (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -35.41 % change on previous year in 2020.
- How does Iceland rank for commercial service imports (current us$), annual growth rate?
- Iceland ranks 44th out of 198 countries with data for 2025.
- Is commercial service imports (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 270.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Commercial service imports (current US$), 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 imports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Commercial service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Commercial service imports (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.