What is the highest merchandise imports (current us$), per unit of gdp recorded in Iceland?

The highest recorded value was 0.3717 current US$ per US$ of GDP in 1960.

What is the lowest merchandise imports (current us$), per unit of gdp recorded in Iceland?

The lowest recorded value was 0.2084 current US$ per US$ of GDP in 1993.

How does Iceland rank for merchandise imports (current us$), per unit of gdp?

Iceland ranks 123rd out of 203 countries with data for 2025.

Is merchandise imports (current us$), per unit of gdp rising or falling in Iceland?

Over the last ten years it is down 5.3%. The long-run trend across the full record is flat.

Where does this Iceland data come from?

The figures come from Statizoid (derived), published as part of Merchandise imports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

Merchandise imports (current US$), per unit of GDP in Iceland

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

Iceland: Merchandise imports (current US$), per unit of GDP was 0.2837 current US$ per US$ of GDP in 2025. ▬ Flat

Latest (2025)

0.2837 current US$ per US$ of GDP

Change on year

down 4.0%

World rank

123rd

of 203 countries

All-time high

0.3717 current US$ per US$ of GDP

in 1960

All-time low

0.2084 current US$ per US$ of GDP

in 1993

Years of data

1960–2025

Merchandise imports (current US$), per unit of GDP in Iceland, 1960–2025

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

Analysis

The most recent figure for merchandise imports (current us$), per unit of gdp in Iceland is 0.2837 current US$ per US$ of GDP, measured in 2025.

The figure is down 4.0% on the previous year and down 5.3% over ten years.

Over the whole period, merchandise imports (current us$), per unit of gdp in Iceland peaked at 0.3717 current US$ per US$ of GDP in 1960 and was at its lowest, 0.2084 current US$ per US$ of GDP, in 1993.

That places Iceland 123rd out of 203 countries with data for 2025, putting it in the middle of the range.

Merchandise imports (current US$), per unit of GDP in Iceland, year by year

Annual values for Merchandise imports (current US$), per unit of GDP in Iceland, 1960 to 2025.
Year	current US$ per US$ of GDP	Change
1960	0.3717 current US$ per US$ of GDP	—
1961	0.3037 current US$ per US$ of GDP	-18.3%
1962	0.2974 current US$ per US$ of GDP	-2.1%
1963	0.3079 current US$ per US$ of GDP	+3.6%
1964	0.2872 current US$ per US$ of GDP	-6.7%
1965	0.249 current US$ per US$ of GDP	-13.3%
1966	0.2407 current US$ per US$ of GDP	-3.4%
1967	0.2482 current US$ per US$ of GDP	+3.1%
1968	0.2689 current US$ per US$ of GDP	+8.3%
1969	0.2823 current US$ per US$ of GDP	+5.0%
1970	0.288 current US$ per US$ of GDP	+2.0%
1971	0.3027 current US$ per US$ of GDP	+5.1%
1972	0.2658 current US$ per US$ of GDP	-12.2%
1973	0.3005 current US$ per US$ of GDP	+13.0%
1974	0.3303 current US$ per US$ of GDP	+9.9%
1975	0.3324 current US$ per US$ of GDP	+0.6%
1976	0.2703 current US$ per US$ of GDP	-18.7%
1977	0.2647 current US$ per US$ of GDP	-2.1%
1978	0.2597 current US$ per US$ of GDP	-1.9%
1979	0.276 current US$ per US$ of GDP	+6.3%
1980	0.2855 current US$ per US$ of GDP	+3.4%
1981	0.2833 current US$ per US$ of GDP	-0.8%
1982	0.2844 current US$ per US$ of GDP	+0.4%
1983	0.2858 current US$ per US$ of GDP	+0.5%
1984	0.2837 current US$ per US$ of GDP	-0.7%
1985	0.293 current US$ per US$ of GDP	+3.3%
1986	0.271 current US$ per US$ of GDP	-7.5%
1987	0.2783 current US$ per US$ of GDP	+2.7%
1988	0.2527 current US$ per US$ of GDP	-9.2%
1989	0.2386 current US$ per US$ of GDP	-5.6%
1990	0.2509 current US$ per US$ of GDP	+5.2%
1991	0.2461 current US$ per US$ of GDP	-1.9%
1992	0.2298 current US$ per US$ of GDP	-6.6%
1993	0.2084 current US$ per US$ of GDP	-9.3%
1994	0.2226 current US$ per US$ of GDP	+6.8%
1995	0.2384 current US$ per US$ of GDP	+7.1%
1996	0.2657 current US$ per US$ of GDP	+11.4%
1997	0.2615 current US$ per US$ of GDP	-1.6%
1998	0.2873 current US$ per US$ of GDP	+9.9%
1999	0.2763 current US$ per US$ of GDP	-3.9%
2000	0.2833 current US$ per US$ of GDP	+2.5%
2001	0.2726 current US$ per US$ of GDP	-3.8%
2002	0.2416 current US$ per US$ of GDP	-11.4%
2003	0.2445 current US$ per US$ of GDP	+1.2%
2004	0.2609 current US$ per US$ of GDP	+6.7%
2005	0.2904 current US$ per US$ of GDP	+11.3%
2006	0.3473 current US$ per US$ of GDP	+19.6%
2007	0.3068 current US$ per US$ of GDP	-11.6%
2008	0.34 current US$ per US$ of GDP	+10.8%
2009	0.2728 current US$ per US$ of GDP	-19.8%
2010	0.2816 current US$ per US$ of GDP	+3.2%
2011	0.3145 current US$ per US$ of GDP	+11.7%
2012	0.3193 current US$ per US$ of GDP	+1.5%
2013	0.309 current US$ per US$ of GDP	-3.2%
2014	0.2977 current US$ per US$ of GDP	-3.7%
2015	0.2994 current US$ per US$ of GDP	+0.5%
2016	0.2689 current US$ per US$ of GDP	-10.2%
2017	0.2779 current US$ per US$ of GDP	+3.3%
2018	0.2878 current US$ per US$ of GDP	+3.6%
2019	0.2628 current US$ per US$ of GDP	-8.7%
2020	0.2585 current US$ per US$ of GDP	-1.6%
2021	0.298 current US$ per US$ of GDP	+15.2%
2022	0.3287 current US$ per US$ of GDP	+10.3%
2023	0.2984 current US$ per US$ of GDP	-9.2%
2024	0.2956 current US$ per US$ of GDP	-0.9%
2025	0.2837 current US$ per US$ of GDP	-4.0%

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.2857 current US$ per US$ of GDP	0.2407 current US$ per US$ of GDP	0.3717 current US$ per US$ of GDP	10
1970s	0.289 current US$ per US$ of GDP	0.2597 current US$ per US$ of GDP	0.3324 current US$ per US$ of GDP	10
1980s	0.2756 current US$ per US$ of GDP	0.2386 current US$ per US$ of GDP	0.293 current US$ per US$ of GDP	10
1990s	0.2487 current US$ per US$ of GDP	0.2084 current US$ per US$ of GDP	0.2873 current US$ per US$ of GDP	10
2000s	0.286 current US$ per US$ of GDP	0.2416 current US$ per US$ of GDP	0.3473 current US$ per US$ of GDP	10
2010s	0.2919 current US$ per US$ of GDP	0.2628 current US$ per US$ of GDP	0.3193 current US$ per US$ of GDP	10
2020s	0.2938 current US$ per US$ of GDP	0.2585 current US$ per US$ of GDP	0.3287 current US$ per US$ of GDP	6

Countries ranked near Iceland

120 Togo 0.286 current US$ per US$ of GDP compare
121 Panama 0.2848 current US$ per US$ of GDP compare
122 Uzbekistan 0.2839 current US$ per US$ of GDP compare
124 Syrian Arab Republic 0.2826 current US$ per US$ of GDP compare
125 Guatemala 0.2807 current US$ per US$ of GDP compare
126 Luxembourg 0.2785 current US$ per US$ of GDP compare

See the full ranking of 250 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 (current us$), per unit of gdp in Iceland?: Merchandise imports (current us$), per unit of gdp in Iceland was 0.2837 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest merchandise imports (current us$), per unit of gdp recorded in Iceland?: The highest recorded value was 0.3717 current US$ per US$ of GDP in 1960.
What is the lowest merchandise imports (current us$), per unit of gdp recorded in Iceland?: The lowest recorded value was 0.2084 current US$ per US$ of GDP in 1993.
How does Iceland rank for merchandise imports (current us$), per unit of gdp?: Iceland ranks 123rd out of 203 countries with data for 2025.
Is merchandise imports (current us$), per unit of gdp rising or falling in Iceland?: Over the last ten years it is down 5.3%. The long-run trend across the full record is flat.
Where does this Iceland data come from?: The figures come from Statizoid (derived), published as part of Merchandise imports (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise imports (current US$), per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 23 August 2026, from https://private-sector.statizoid.com/stat/merchandise-imports-current-us-per-unit-of-gdp/iceland/

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How this figure is calculated

Merchandise imports (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 (current US$) ÷ GDP (current US$)

Computed from

Merchandise imports World Trade Organization (WTO)
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 (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: 250 places, 13,931 data points, 1960–2025
Last refreshed: 18 August 2026

Merchandise imports (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.