Merchandise exports to high-income economies in Iceland
Iceland: Merchandise exports to high-income economies was 95.2% in 2023. ▬ Flat
Merchandise exports to high-income economies in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Iceland recorded 95.2% for merchandise exports to high-income economies in 2023.
The figure is down 0.3% on the previous year and up 1.2% over ten years.
Over the whole period, merchandise exports to high-income economies in Iceland peaked at 99.3% in 1985 and was at its lowest, 85.1%, in 1981.
Iceland ranks 5th of 206 countries on this measure, in the top 10%.
Merchandise exports to high-income economies in Iceland, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 96.8% | — |
| 1961 | 92.5% | -4.5% |
| 1962 | 94.3% | +2.0% |
| 1963 | 94.4% | +0.1% |
| 1964 | 93.7% | -0.8% |
| 1965 | 94.2% | +0.6% |
| 1966 | 94.8% | +0.6% |
| 1967 | 95.3% | +0.5% |
| 1968 | 96.5% | +1.3% |
| 1969 | 93.9% | -2.8% |
| 1970 | 98.3% | +4.7% |
| 1971 | 98.3% | -0.0% |
| 1972 | 96.3% | -2.0% |
| 1973 | 97.1% | +0.8% |
| 1974 | 98.5% | +1.4% |
| 1975 | 93.5% | -5.1% |
| 1976 | 97.3% | +4.0% |
| 1977 | 93.6% | -3.8% |
| 1978 | 89.2% | -4.7% |
| 1979 | 97.8% | +9.7% |
| 1980 | 91.1% | -6.8% |
| 1981 | 85.1% | -6.6% |
| 1982 | 95.0% | +11.7% |
| 1983 | 93.2% | -1.9% |
| 1984 | 99.0% | +6.2% |
| 1985 | 99.3% | +0.3% |
| 1986 | 97.7% | -1.6% |
| 1987 | 97.9% | +0.2% |
| 1988 | 98.2% | +0.2% |
| 1989 | 98.0% | -0.2% |
| 1990 | 98.8% | +0.9% |
| 1991 | 98.5% | -0.4% |
| 1992 | 97.8% | -0.7% |
| 1993 | 98.3% | +0.5% |
| 1994 | 98.3% | -0.0% |
| 1995 | 98.2% | -0.1% |
| 1996 | 98.4% | +0.2% |
| 1997 | 97.8% | -0.6% |
| 1998 | 97.4% | -0.3% |
| 1999 | 98.6% | +1.2% |
| 2000 | 98.0% | -0.6% |
| 2001 | 97.2% | -0.8% |
| 2002 | 96.8% | -0.4% |
| 2003 | 96.9% | +0.1% |
| 2004 | 96.8% | -0.1% |
| 2005 | 96.4% | -0.4% |
| 2006 | 96.5% | +0.1% |
| 2007 | 96.8% | +0.3% |
| 2008 | 95.4% | -1.4% |
| 2009 | 94.5% | -0.9% |
| 2010 | 95.8% | +1.3% |
| 2011 | 95.5% | -0.3% |
| 2012 | 94.1% | -1.5% |
| 2013 | 94.1% | +0.1% |
| 2014 | 94.5% | +0.4% |
| 2015 | 93.6% | -1.0% |
| 2016 | 93.8% | +0.2% |
| 2017 | 93.8% | -0.0% |
| 2018 | 93.1% | -0.8% |
| 2019 | 93.4% | +0.3% |
| 2020 | 94.2% | +0.9% |
| 2021 | 93.7% | -0.5% |
| 2022 | 95.5% | +1.9% |
| 2023 | 95.2% | -0.3% |
Iceland compared with similar countries
- Iceland's 95.2% is above the median for high income countries, which is 80.7%, 1.2× the median. (74 countries reporting)
- Iceland's 95.2% is above the median for Europe & Central Asia, which is 83.1%, 1.1× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 94.6% | 92.5% | 96.8% | 10 |
| 1970s | 96.0% | 89.2% | 98.5% | 10 |
| 1980s | 95.4% | 85.1% | 99.3% | 10 |
| 1990s | 98.2% | 97.4% | 98.8% | 10 |
| 2000s | 96.5% | 94.5% | 98.0% | 10 |
| 2010s | 94.2% | 93.1% | 95.8% | 10 |
| 2020s | 94.7% | 93.7% | 95.5% | 4 |
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 merchandise exports to high-income economies in Iceland?
- Merchandise exports to high-income economies in Iceland was 95.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Iceland?
- The highest recorded value was 99.3% in 1985.
- What is the lowest merchandise exports to high-income economies recorded in Iceland?
- The lowest recorded value was 85.1% in 1981.
- How does Iceland rank for merchandise exports to high-income economies?
- Iceland ranks 5th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Iceland?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.