Merchandise imports from low- and middle-income economies in in Iceland
Iceland: Merchandise imports from low- and middle-income economies in was 0.2% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in in Iceland, 1962–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from low- and middle-income economies in in Iceland stood at 0.2%.
That represents a change of down 2.8% on the previous year and up 10.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in in Iceland peaked at 3.2% in 1969 and was at its lowest, 0.0%, in 1991.
Iceland ranks 140th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies in in Iceland, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1962 | 0.1% | — |
| 1963 | 0.2% | +60.9% |
| 1964 | 0.2% | -18.7% |
| 1965 | 0.2% | -3.9% |
| 1966 | 0.1% | -17.3% |
| 1967 | 0.1% | +0.3% |
| 1968 | 0.2% | +18.6% |
| 1969 | 3.2% | +1814.1% |
| 1970 | 0.3% | -91.8% |
| 1971 | 0.2% | -19.8% |
| 1972 | 0.3% | +33.9% |
| 1973 | 0.4% | +48.3% |
| 1974 | 0.2% | -58.8% |
| 1975 | 0.3% | +54.3% |
| 1976 | 0.3% | -1.9% |
| 1977 | 0.3% | +18.1% |
| 1978 | 0.3% | -18.9% |
| 1979 | 0.5% | +115.3% |
| 1980 | 0.2% | -66.2% |
| 1981 | 0.8% | +329.7% |
| 1982 | 1.9% | +134.6% |
| 1983 | 0.2% | -90.2% |
| 1984 | 0.2% | -10.6% |
| 1985 | 0.1% | -10.2% |
| 1986 | 0.1% | -35.4% |
| 1987 | 0.1% | +40.4% |
| 1988 | 0.1% | -23.3% |
| 1989 | 0.2% | +112.7% |
| 1990 | 0.0% | -78.4% |
| 1991 | 0.0% | -80.4% |
| 1992 | 0.0% | +64.8% |
| 1993 | 0.1% | +609.2% |
| 1994 | 0.1% | +26.5% |
| 1995 | 0.1% | -1.1% |
| 1996 | 0.1% | +2.9% |
| 1997 | 0.2% | +27.8% |
| 1998 | 0.1% | -23.3% |
| 1999 | 0.1% | -1.8% |
| 2000 | 0.2% | +67.4% |
| 2001 | 0.1% | -43.5% |
| 2002 | 0.2% | +20.1% |
| 2003 | 0.1% | -6.8% |
| 2004 | 0.3% | +146.4% |
| 2005 | 0.3% | -20.8% |
| 2006 | 0.3% | +15.6% |
| 2007 | 0.3% | -7.3% |
| 2008 | 0.2% | -48.4% |
| 2009 | 0.2% | +8.0% |
| 2010 | 0.2% | +26.0% |
| 2011 | 0.3% | +32.0% |
| 2012 | 0.5% | +100.0% |
| 2013 | 0.2% | -59.6% |
| 2014 | 0.2% | +2.8% |
| 2015 | 0.5% | +116.4% |
| 2016 | 0.5% | +7.1% |
| 2017 | 0.3% | -41.6% |
| 2018 | 0.2% | -23.9% |
| 2019 | 0.3% | +22.9% |
| 2020 | 0.3% | +20.3% |
| 2021 | 0.2% | -36.2% |
| 2022 | 0.3% | +13.8% |
| 2023 | 0.2% | -2.8% |
Iceland compared with similar countries
- Iceland's 0.2% is below the median for high income countries, which is 0.5%, 52% of the median. (74 countries reporting)
- Iceland's 0.2% is below the median for Europe & Central Asia, which is 0.3%, 83% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1969 | +1814.1% | 0.2% | 3.2% |
| 1993 | +609.2% | 0.0% | 0.1% |
| 1981 | +329.7% | 0.2% | 0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.5% | 0.1% | 3.2% | 8 |
| 1970s | 0.3% | 0.2% | 0.5% | 10 |
| 1980s | 0.4% | 0.1% | 1.9% | 10 |
| 1990s | 0.1% | 0.0% | 0.2% | 10 |
| 2000s | 0.2% | 0.1% | 0.3% | 10 |
| 2010s | 0.3% | 0.2% | 0.5% | 10 |
| 2020s | 0.3% | 0.2% | 0.3% | 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 low- and middle-income economies in in Iceland?
- Merchandise imports from low- and middle-income economies in in Iceland was 0.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in recorded in Iceland?
- The highest recorded value was 3.2% in 1969.
- What is the lowest merchandise imports from low- and middle-income economies in recorded in Iceland?
- The lowest recorded value was 0.0% in 1991.
- How does Iceland rank for merchandise imports from low- and middle-income economies in?
- Iceland ranks 140th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in rising or falling in Iceland?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from low- and middle-income economies in Sub-Saharan Africa (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports from low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Sub-Saharan Africa region 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.