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

Iceland ranks 110th out of 202 countries with data for 2023.

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

Over the last ten years it is down 3.2%. The long-run trend across the full record is rising.

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

Name: Merchandise imports 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 imports by the reporting economy (current US$), per unit was 0.2991 current US$ per US$ of GDP in 2023. ▲ Rising

Latest (2023)

0.2991 current US$ per US$ of GDP

Change on year

down 10.1%

World rank

110th

of 202 countries

All-time high

0.347 current US$ per US$ of GDP

in 2006

All-time low

0.1937 current US$ per US$ of GDP

in 2020

Years of data

1960–2023

Merchandise imports 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 imports by the reporting economy (current us$), per unit in Iceland stood at 0.2991 current US$ per US$ of GDP.

That represents a change of down 10.1% on the previous year and down 3.2% over ten years.

Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Iceland peaked at 0.347 current US$ per US$ of GDP in 2006 and was at its lowest, 0.1937 current US$ per US$ of GDP, in 2020.

Iceland ranks 110th 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 imports by the reporting economy (current US$), per unit in Iceland, year by year

Annual values for Merchandise imports by the reporting economy (current US$), per unit of GDP in Iceland, 1960 to 2023.
Year	current US$ per US$ of GDP	Change
1960	0.2571 current US$ per US$ of GDP	—
1961	0.2122 current US$ per US$ of GDP	-17.5%
1962	0.2446 current US$ per US$ of GDP	+15.2%
1963	0.2547 current US$ per US$ of GDP	+4.2%
1964	0.2453 current US$ per US$ of GDP	-3.7%
1965	0.2118 current US$ per US$ of GDP	-13.7%
1966	0.2131 current US$ per US$ of GDP	+0.6%
1967	0.2151 current US$ per US$ of GDP	+0.9%
1968	0.2376 current US$ per US$ of GDP	+10.4%
1969	0.2481 current US$ per US$ of GDP	+4.4%
1970	0.2538 current US$ per US$ of GDP	+2.3%
1971	0.2697 current US$ per US$ of GDP	+6.3%
1972	0.2418 current US$ per US$ of GDP	-10.4%
1973	0.2636 current US$ per US$ of GDP	+9.0%
1974	0.2878 current US$ per US$ of GDP	+9.2%
1975	0.2856 current US$ per US$ of GDP	-0.8%
1976	0.227 current US$ per US$ of GDP	-20.5%
1977	0.2313 current US$ per US$ of GDP	+1.9%
1978	0.2282 current US$ per US$ of GDP	-1.4%
1979	0.2335 current US$ per US$ of GDP	+2.3%
1980	0.2487 current US$ per US$ of GDP	+6.5%
1981	0.2506 current US$ per US$ of GDP	+0.8%
1982	0.2493 current US$ per US$ of GDP	-0.5%
1983	0.2475 current US$ per US$ of GDP	-0.7%
1984	0.2483 current US$ per US$ of GDP	+0.3%
1985	0.2595 current US$ per US$ of GDP	+4.5%
1986	0.2475 current US$ per US$ of GDP	-4.6%
1987	0.2571 current US$ per US$ of GDP	+3.9%
1988	0.2375 current US$ per US$ of GDP	-7.6%
1989	0.2214 current US$ per US$ of GDP	-6.8%
1990	0.2326 current US$ per US$ of GDP	+5.0%
1991	0.2256 current US$ per US$ of GDP	-3.0%
1992	0.2243 current US$ per US$ of GDP	-0.6%
1993	0.2056 current US$ per US$ of GDP	-8.3%
1994	0.2169 current US$ per US$ of GDP	+5.5%
1995	0.2333 current US$ per US$ of GDP	+7.5%
1996	0.2593 current US$ per US$ of GDP	+11.1%
1997	0.2636 current US$ per US$ of GDP	+1.7%
1998	0.2847 current US$ per US$ of GDP	+8.0%
1999	0.2762 current US$ per US$ of GDP	-3.0%
2000	0.2828 current US$ per US$ of GDP	+2.4%
2001	0.2732 current US$ per US$ of GDP	-3.4%
2002	0.2416 current US$ per US$ of GDP	-11.6%
2003	0.2446 current US$ per US$ of GDP	+1.3%
2004	0.2653 current US$ per US$ of GDP	+8.5%
2005	0.2827 current US$ per US$ of GDP	+6.5%
2006	0.347 current US$ per US$ of GDP	+22.8%
2007	0.3019 current US$ per US$ of GDP	-13.0%
2008	0.3398 current US$ per US$ of GDP	+12.6%
2009	0.2728 current US$ per US$ of GDP	-19.7%
2010	0.2801 current US$ per US$ of GDP	+2.7%
2011	0.3117 current US$ per US$ of GDP	+11.3%
2012	0.3193 current US$ per US$ of GDP	+2.4%
2013	0.309 current US$ per US$ of GDP	-3.2%
2014	0.2977 current US$ per US$ of GDP	-3.7%
2015	0.3 current US$ per US$ of GDP	+0.8%
2016	0.2701 current US$ per US$ of GDP	-10.0%
2017	0.2761 current US$ per US$ of GDP	+2.2%
2018	0.2871 current US$ per US$ of GDP	+4.0%
2019	0.2623 current US$ per US$ of GDP	-8.6%
2020	0.1937 current US$ per US$ of GDP	-26.2%
2021	0.299 current US$ per US$ of GDP	+54.4%
2022	0.3327 current US$ per US$ of GDP	+11.3%
2023	0.2991 current US$ per US$ of GDP	-10.1%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.234 current US$ per US$ of GDP	0.2118 current US$ per US$ of GDP	0.2571 current US$ per US$ of GDP	10
1970s	0.2522 current US$ per US$ of GDP	0.227 current US$ per US$ of GDP	0.2878 current US$ per US$ of GDP	10
1980s	0.2467 current US$ per US$ of GDP	0.2214 current US$ per US$ of GDP	0.2595 current US$ per US$ of GDP	10
1990s	0.2422 current US$ per US$ of GDP	0.2056 current US$ per US$ of GDP	0.2847 current US$ per US$ of GDP	10
2000s	0.2852 current US$ per US$ of GDP	0.2416 current US$ per US$ of GDP	0.347 current US$ per US$ of GDP	10
2010s	0.2914 current US$ per US$ of GDP	0.2623 current US$ per US$ of GDP	0.3193 current US$ per US$ of GDP	10
2020s	0.2811 current US$ per US$ of GDP	0.1937 current US$ per US$ of GDP	0.3327 current US$ per US$ of GDP	4

Countries ranked near Iceland

107 Saint Kitts and Nevis 0.3132 current US$ per US$ of GDP compare
108 Botswana 0.3033 current US$ per US$ of GDP compare
109 Sierra Leone 0.3022 current US$ per US$ of GDP compare
111 Denmark 0.2977 current US$ per US$ of GDP compare
112 Türkiye 0.2955 current US$ per US$ of GDP compare
113 Luxembourg 0.2953 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 imports by the reporting economy (current us$), per unit in Iceland?: Merchandise imports by the reporting economy (current us$), per unit in Iceland was 0.2991 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Iceland?: The highest recorded value was 0.347 current US$ per US$ of GDP in 2006.
What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Iceland?: The lowest recorded value was 0.1937 current US$ per US$ of GDP in 2020.
How does Iceland rank for merchandise imports by the reporting economy (current us$), per unit?: Iceland ranks 110th out of 202 countries with data for 2023.
Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Iceland?: Over the last ten years it is down 3.2%. 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 imports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise imports by the reporting economy (current US$), per unit in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 07 September 2026, from https://private-sector.statizoid.com/stat/merchandise-imports-by-the-reporting-economy-current-us-per-unit-of-gdp/iceland/

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How this figure is calculated

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

Computed from

Merchandise imports 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 imports 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, 12,916 data points, 1960–2023
Last refreshed: 21 August 2026

Merchandise imports 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.