How does Iceland rank for merchandise exports by the reporting economy (current us$), per unit?

Iceland ranks 96th out of 202 countries with data for 2023.

Is merchandise exports by the reporting economy (current us$), per unit rising or falling in Iceland?

Over the last ten years it is down 32.0%. The long-run trend across the full record is rising.

Merchandise exports by the reporting economy (current US$), per unit in Iceland

Name: Merchandise exports by the reporting economy (current US$), per unit in Iceland
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Iceland: Merchandise exports by the reporting economy (current US$), per unit was 0.2089 current US$ per US$ of GDP in 2023. ▲ Rising

Latest (2023)

0.2089 current US$ per US$ of GDP

Change on year

down 17.6%

World rank

96th

of 202 countries

All-time high

0.3466 current US$ per US$ of GDP

in 2011

All-time low

0.1244 current US$ per US$ of GDP

in 1967

Years of data

1960–2023

Merchandise exports by the reporting economy (current US$), per unit in Iceland, 1960–2023

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

In 2023, merchandise exports by the reporting economy (current us$), per unit in Iceland stood at 0.2089 current US$ per US$ of GDP.

That represents a change of down 17.6% on the previous year and down 32.0% over ten years.

Over the whole period, merchandise exports by the reporting economy (current us$), per unit in Iceland peaked at 0.3466 current US$ per US$ of GDP in 2011 and was at its lowest, 0.1244 current US$ per US$ of GDP, in 1967.

Iceland ranks 96th of 202 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 64 years of available data.

Merchandise exports by the reporting economy (current US$), per unit in Iceland, year by year

Annual values for Merchandise exports by the reporting economy (current US$), per unit of GDP in Iceland, 1960 to 2023.
Year	current US$ per US$ of GDP	Change
1960	0.1793 current US$ per US$ of GDP	—
1961	0.2336 current US$ per US$ of GDP	+30.3%
1962	0.2335 current US$ per US$ of GDP	-0.0%
1963	0.2248 current US$ per US$ of GDP	-3.8%
1964	0.2142 current US$ per US$ of GDP	-4.7%
1965	0.2118 current US$ per US$ of GDP	-1.1%
1966	0.1904 current US$ per US$ of GDP	-10.1%
1967	0.1244 current US$ per US$ of GDP	-34.7%
1968	0.1443 current US$ per US$ of GDP	+16.0%
1969	0.2226 current US$ per US$ of GDP	+54.3%
1970	0.2452 current US$ per US$ of GDP	+10.2%
1971	0.1962 current US$ per US$ of GDP	-20.0%
1972	0.1982 current US$ per US$ of GDP	+1.0%
1973	0.2217 current US$ per US$ of GDP	+11.8%
1974	0.1894 current US$ per US$ of GDP	-14.5%
1975	0.1823 current US$ per US$ of GDP	-3.8%
1976	0.214 current US$ per US$ of GDP	+17.4%
1977	0.202 current US$ per US$ of GDP	-5.6%
1978	0.2294 current US$ per US$ of GDP	+13.6%
1979	0.2479 current US$ per US$ of GDP	+8.1%
1980	0.2425 current US$ per US$ of GDP	-2.2%
1981	0.2241 current US$ per US$ of GDP	-7.6%
1982	0.1857 current US$ per US$ of GDP	-17.1%
1983	0.2309 current US$ per US$ of GDP	+24.4%
1984	0.2223 current US$ per US$ of GDP	-3.7%
1985	0.2413 current US$ per US$ of GDP	+8.5%
1986	0.2511 current US$ per US$ of GDP	+4.1%
1987	0.2286 current US$ per US$ of GDP	-9.0%
1988	0.2149 current US$ per US$ of GDP	-6.0%
1989	0.2304 current US$ per US$ of GDP	+7.2%
1990	0.2283 current US$ per US$ of GDP	-0.9%
1991	0.2122 current US$ per US$ of GDP	-7.0%
1992	0.2039 current US$ per US$ of GDP	-3.9%
1993	0.2134 current US$ per US$ of GDP	+4.6%
1994	0.242 current US$ per US$ of GDP	+13.4%
1995	0.2426 current US$ per US$ of GDP	+0.2%
1996	0.2357 current US$ per US$ of GDP	-2.8%
1997	0.2395 current US$ per US$ of GDP	+1.6%
1998	0.2291 current US$ per US$ of GDP	-4.3%
1999	0.2199 current US$ per US$ of GDP	-4.0%
2000	0.2074 current US$ per US$ of GDP	-5.6%
2001	0.2421 current US$ per US$ of GDP	+16.7%
2002	0.2369 current US$ per US$ of GDP	-2.2%
2003	0.2073 current US$ per US$ of GDP	-12.5%
2004	0.206 current US$ per US$ of GDP	-0.6%
2005	0.1738 current US$ per US$ of GDP	-15.6%
2006	0.1954 current US$ per US$ of GDP	+12.4%
2007	0.2178 current US$ per US$ of GDP	+11.5%
2008	0.2949 current US$ per US$ of GDP	+35.4%
2009	0.307 current US$ per US$ of GDP	+4.1%
2010	0.3304 current US$ per US$ of GDP	+7.6%
2011	0.3466 current US$ per US$ of GDP	+4.9%
2012	0.3388 current US$ per US$ of GDP	-2.2%
2013	0.3073 current US$ per US$ of GDP	-9.3%
2014	0.2798 current US$ per US$ of GDP	-9.0%
2015	0.2678 current US$ per US$ of GDP	-4.3%
2016	0.2113 current US$ per US$ of GDP	-21.1%
2017	0.1935 current US$ per US$ of GDP	-8.4%
2018	0.1989 current US$ per US$ of GDP	+2.8%
2019	0.211 current US$ per US$ of GDP	+6.1%
2020	0.2052 current US$ per US$ of GDP	-2.7%
2021	0.2307 current US$ per US$ of GDP	+12.4%
2022	0.2536 current US$ per US$ of GDP	+9.9%
2023	0.2089 current US$ per US$ of GDP	-17.6%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.1979 current US$ per US$ of GDP	0.1244 current US$ per US$ of GDP	0.2336 current US$ per US$ of GDP	10
1970s	0.2126 current US$ per US$ of GDP	0.1823 current US$ per US$ of GDP	0.2479 current US$ per US$ of GDP	10
1980s	0.2272 current US$ per US$ of GDP	0.1857 current US$ per US$ of GDP	0.2511 current US$ per US$ of GDP	10
1990s	0.2267 current US$ per US$ of GDP	0.2039 current US$ per US$ of GDP	0.2426 current US$ per US$ of GDP	10
2000s	0.2289 current US$ per US$ of GDP	0.1738 current US$ per US$ of GDP	0.307 current US$ per US$ of GDP	10
2010s	0.2685 current US$ per US$ of GDP	0.1935 current US$ per US$ of GDP	0.3466 current US$ per US$ of GDP	10
2020s	0.2246 current US$ per US$ of GDP	0.2052 current US$ per US$ of GDP	0.2536 current US$ per US$ of GDP	4

Countries ranked near Iceland

93 Myanmar 0.2199 current US$ per US$ of GDP compare
94 Türkiye 0.2198 current US$ per US$ of GDP compare
95 Oman 0.2142 current US$ per US$ of GDP compare
97 Australia 0.2089 current US$ per US$ of GDP compare
98 Ghana 0.2084 current US$ per US$ of GDP compare
99 France 0.2081 current US$ per US$ of GDP compare

See the full ranking of 249 places →

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)

All data for Iceland →

Frequently asked questions

What is merchandise exports by the reporting economy (current us$), per unit in Iceland?: Merchandise exports by the reporting economy (current us$), per unit in Iceland was 0.2089 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest merchandise exports by the reporting economy (current us$), per unit recorded in Iceland?: The highest recorded value was 0.3466 current US$ per US$ of GDP in 2011.
What is the lowest merchandise exports by the reporting economy (current us$), per unit recorded in Iceland?: The lowest recorded value was 0.1244 current US$ per US$ of GDP in 1967.
How does Iceland rank for merchandise exports by the reporting economy (current us$), per unit?: Iceland ranks 96th out of 202 countries with data for 2023.
Is merchandise exports by the reporting economy (current us$), per unit rising or falling in Iceland?: Over the last ten years it is down 32.0%. The long-run trend across the full record is rising.
Where does this Iceland data come from?: The figures come from Statizoid (derived), published as part of Merchandise exports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise exports by the reporting economy (current US$), per unit in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 06 September 2026, from https://private-sector.statizoid.com/stat/merchandise-exports-by-the-reporting-economy-current-us-per-unit-of-gdp/iceland/

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How this figure is calculated

Merchandise exports by the reporting economy (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.

Merchandise exports by the reporting economy (current US$) ÷ GDP (current US$)

Computed from

Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
GDP Country official statistics, National Statistical Organizations and/or Central Banks

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

Indicator: Merchandise exports by the reporting economy (current US$), per unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 249 places, 12,888 data points, 1960–2023
Last refreshed: 21 August 2026

Merchandise exports by the reporting economy (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.