Merchandise imports from high-income economies in Iceland
Iceland: Merchandise imports from high-income economies was 81.4% in 2023. ▼ Falling
Merchandise imports from high-income economies in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Iceland recorded 81.4% for merchandise imports from high-income economies in 2023.
That represents a change of up 2.8% on the previous year and up 1.9% over ten years.
Over the whole period, merchandise imports from high-income economies in Iceland peaked at 98.5% in 1988 and was at its lowest, 78.1%, in 2015.
That places Iceland 37th out of 206 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports from high-income economies in Iceland, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 97.3% | — |
| 1961 | 96.6% | -0.7% |
| 1962 | 95.2% | -1.5% |
| 1963 | 97.9% | +2.8% |
| 1964 | 97.9% | -0.1% |
| 1965 | 97.4% | -0.4% |
| 1966 | 98.1% | +0.7% |
| 1967 | 98.1% | +0.1% |
| 1968 | 98.1% | -0.1% |
| 1969 | 94.1% | -4.0% |
| 1970 | 94.4% | +0.3% |
| 1971 | 94.0% | -0.4% |
| 1972 | 95.4% | +1.5% |
| 1973 | 97.8% | +2.6% |
| 1974 | 98.2% | +0.4% |
| 1975 | 97.7% | -0.6% |
| 1976 | 97.4% | -0.3% |
| 1977 | 96.6% | -0.8% |
| 1978 | 96.6% | +0.0% |
| 1979 | 96.9% | +0.3% |
| 1980 | 97.6% | +0.7% |
| 1981 | 97.2% | -0.4% |
| 1982 | 96.4% | -0.9% |
| 1983 | 98.2% | +1.9% |
| 1984 | 98.2% | -0.0% |
| 1985 | 98.1% | -0.0% |
| 1986 | 98.0% | -0.1% |
| 1987 | 98.4% | +0.4% |
| 1988 | 98.5% | +0.0% |
| 1989 | 97.6% | -0.9% |
| 1990 | 98.3% | +0.7% |
| 1991 | 98.1% | -0.1% |
| 1992 | 98.0% | -0.2% |
| 1993 | 96.9% | -1.1% |
| 1994 | 96.4% | -0.5% |
| 1995 | 96.5% | +0.2% |
| 1996 | 96.8% | +0.3% |
| 1997 | 96.7% | -0.1% |
| 1998 | 97.2% | +0.5% |
| 1999 | 95.5% | -1.8% |
| 2000 | 95.0% | -0.5% |
| 2001 | 92.6% | -2.6% |
| 2002 | 92.3% | -0.3% |
| 2003 | 91.5% | -0.9% |
| 2004 | 91.8% | +0.3% |
| 2005 | 90.4% | -1.5% |
| 2006 | 90.5% | +0.1% |
| 2007 | 91.2% | +0.8% |
| 2008 | 88.3% | -3.2% |
| 2009 | 84.8% | -4.0% |
| 2010 | 78.6% | -7.3% |
| 2011 | 82.3% | +4.7% |
| 2012 | 79.5% | -3.3% |
| 2013 | 79.9% | +0.4% |
| 2014 | 81.2% | +1.7% |
| 2015 | 78.1% | -3.9% |
| 2016 | 85.2% | +9.2% |
| 2017 | 82.9% | -2.7% |
| 2018 | 83.3% | +0.4% |
| 2019 | 83.6% | +0.4% |
| 2020 | 80.9% | -3.3% |
| 2021 | 80.1% | -1.0% |
| 2022 | 79.2% | -1.1% |
| 2023 | 81.4% | +2.8% |
Iceland compared with similar countries
- Iceland's 81.4% is above the median for high income countries, which is 78.4%, 1.0× the median. (74 countries reporting)
- Iceland's 81.4% is above the median for Europe & Central Asia, which is 78.9%, 1.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 97.1% | 94.1% | 98.1% | 10 |
| 1970s | 96.5% | 94.0% | 98.2% | 10 |
| 1980s | 97.8% | 96.4% | 98.5% | 10 |
| 1990s | 97.0% | 95.5% | 98.3% | 10 |
| 2000s | 90.8% | 84.8% | 95.0% | 10 |
| 2010s | 81.5% | 78.1% | 85.2% | 10 |
| 2020s | 80.4% | 79.2% | 81.4% | 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 imports from high-income economies in Iceland?
- Merchandise imports from high-income economies in Iceland was 81.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Iceland?
- The highest recorded value was 98.5% in 1988.
- What is the lowest merchandise imports from high-income economies recorded in Iceland?
- The lowest recorded value was 78.1% in 2015.
- How does Iceland rank for merchandise imports from high-income economies?
- Iceland ranks 37th out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Iceland?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from high-income economies (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.