Merchandise imports by the reporting economy (current US$), per capita in Iceland
Iceland: Merchandise imports by the reporting economy (current US$), per capita was 24,587 current US$ per person in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), per capita in Iceland, 1960–2023
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), per capita in Iceland stood at 24,587 current US$ per person.
That represents a change of down 3.2% on the previous year and up 58.6% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per capita in Iceland peaked at 25,411 current US$ per person in 2022 and was at its lowest, 316.15 current US$ per person, in 1961.
Iceland ranks 16th of 206 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), per capita in Iceland, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1960 | 382.18 current US$ per person | — |
| 1961 | 316.15 current US$ per person | -17.3% |
| 1962 | 401.36 current US$ per person | +27.0% |
| 1963 | 490.16 current US$ per person | +22.1% |
| 1964 | 592.12 current US$ per person | +20.8% |
| 1965 | 605.87 current US$ per person | +2.3% |
| 1966 | 719.95 current US$ per person | +18.8% |
| 1967 | 706.41 current US$ per person | -1.9% |
| 1968 | 587.63 current US$ per person | -16.8% |
| 1969 | 531.52 current US$ per person | -9.5% |
| 1970 | 676.78 current US$ per person | +27.3% |
| 1971 | 907.85 current US$ per person | +34.1% |
| 1972 | 1,005 current US$ per person | +10.7% |
| 1973 | 1,483 current US$ per person | +47.7% |
| 1974 | 2,097 current US$ per person | +41.4% |
| 1975 | 1,907 current US$ per person | -9.1% |
| 1976 | 1,782 current US$ per person | -6.6% |
| 1977 | 2,384 current US$ per person | +33.8% |
| 1978 | 2,654 current US$ per person | +11.3% |
| 1979 | 3,055 current US$ per person | +15.1% |
| 1980 | 3,814 current US$ per person | +24.9% |
| 1981 | 3,926 current US$ per person | +2.9% |
| 1982 | 3,538 current US$ per person | -9.9% |
| 1983 | 2,990 current US$ per person | -15.5% |
| 1984 | 3,073 current US$ per person | +2.8% |
| 1985 | 3,320 current US$ per person | +8.0% |
| 1986 | 4,202 current US$ per person | +26.6% |
| 1987 | 5,974 current US$ per person | +42.2% |
| 1988 | 6,010 current US$ per person | +0.6% |
| 1989 | 5,140 current US$ per person | -14.5% |
| 1990 | 6,110 current US$ per person | +18.9% |
| 1991 | 6,258 current US$ per person | +2.4% |
| 1992 | 6,295 current US$ per person | +0.6% |
| 1993 | 5,017 current US$ per person | -20.3% |
| 1994 | 5,393 current US$ per person | +7.5% |
| 1995 | 6,431 current US$ per person | +19.3% |
| 1996 | 7,411 current US$ per person | +15.2% |
| 1997 | 7,501 current US$ per person | +1.2% |
| 1998 | 8,974 current US$ per person | +19.6% |
| 1999 | 9,069 current US$ per person | +1.1% |
| 2000 | 9,193 current US$ per person | +1.4% |
| 2001 | 7,981 current US$ per person | -13.2% |
| 2002 | 7,911 current US$ per person | -0.9% |
| 2003 | 9,771 current US$ per person | +23.5% |
| 2004 | 12,684 current US$ per person | +29.8% |
| 2005 | 16,334 current US$ per person | +28.8% |
| 2006 | 20,185 current US$ per person | +23.6% |
| 2007 | 21,278 current US$ per person | +5.4% |
| 2008 | 19,534 current US$ per person | -8.2% |
| 2009 | 11,315 current US$ per person | -42.1% |
| 2010 | 12,262 current US$ per person | +8.4% |
| 2011 | 15,043 current US$ per person | +22.7% |
| 2012 | 14,879 current US$ per person | -1.1% |
| 2013 | 15,504 current US$ per person | +4.2% |
| 2014 | 16,417 current US$ per person | +5.9% |
| 2015 | 16,050 current US$ per person | -2.2% |
| 2016 | 16,976 current US$ per person | +5.8% |
| 2017 | 20,150 current US$ per person | +18.7% |
| 2018 | 21,718 current US$ per person | +7.8% |
| 2019 | 18,179 current US$ per person | -16.3% |
| 2020 | 11,645 current US$ per person | -35.9% |
| 2021 | 21,056 current US$ per person | +80.8% |
| 2022 | 25,411 current US$ per person | +20.7% |
| 2023 | 24,587 current US$ per person | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 533.33 current US$ per person | 316.15 current US$ per person | 719.95 current US$ per person | 10 |
| 1970s | 1,795 current US$ per person | 676.78 current US$ per person | 3,055 current US$ per person | 10 |
| 1980s | 4,199 current US$ per person | 2,990 current US$ per person | 6,010 current US$ per person | 10 |
| 1990s | 6,846 current US$ per person | 5,017 current US$ per person | 9,069 current US$ per person | 10 |
| 2000s | 13,619 current US$ per person | 7,911 current US$ per person | 21,278 current US$ per person | 10 |
| 2010s | 16,718 current US$ per person | 12,262 current US$ per person | 21,718 current US$ per person | 10 |
| 2020s | 20,675 current US$ per person | 11,645 current US$ per person | 25,411 current US$ per person | 4 |
Countries ranked near Iceland
- 13 Sint Maarten (Dutch part) 27,424 current US$ per person compare
- 14 Macao 25,811 current US$ per person compare
- 15 Austria 24,776 current US$ per person compare
- 17 Bermuda 22,106 current US$ per person compare
- 18 Greenland 21,261 current US$ per person compare
- 19 Czechia 21,119 current US$ per person 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$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), per capita in Iceland?
- Merchandise imports by the reporting economy (current us$), per capita in Iceland was 24,587 current US$ per person in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per capita recorded in Iceland?
- The highest recorded value was 25,411 current US$ per person in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), per capita recorded in Iceland?
- The lowest recorded value was 316.15 current US$ per person in 1961.
- How does Iceland rank for merchandise imports by the reporting economy (current us$), per capita?
- Iceland ranks 16th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 58.6%. 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 Merchandise imports by the reporting economy (current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports by the reporting economy (current US$) ÷ Population, total
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.