{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"merchandise-trade-percent-of-gdp","source":"World Trade Organization (WTO)","source_url":"https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS","title":"Merchandise trade (% of GDP)","unit":"% of GDP"},"observations":[{"date":"1960-01-01","value":65.138},{"date":"1961-01-01","value":58.8651},{"date":"1962-01-01","value":57.7996},{"date":"1963-01-01","value":57.1043},{"date":"1964-01-01","value":53.0462},{"date":"1965-01-01","value":48.3504},{"date":"1966-01-01","value":45.2575},{"date":"1967-01-01","value":39.6869},{"date":"1968-01-01","value":42.9404},{"date":"1969-01-01","value":53.023},{"date":"1970-01-01","value":55.768},{"date":"1971-01-01","value":51.8972},{"date":"1972-01-01","value":48.3313},{"date":"1973-01-01","value":54.319},{"date":"1974-01-01","value":54.1401},{"date":"1975-01-01","value":54.2563},{"date":"1976-01-01","value":50.236},{"date":"1977-01-01","value":48.8689},{"date":"1978-01-01","value":50.6226},{"date":"1979-01-01","value":54.0774},{"date":"1980-01-01","value":54.7774},{"date":"1981-01-01","value":53.0553},{"date":"1982-01-01","value":49.0853},{"date":"1983-01-01","value":54.4254},{"date":"1984-01-01","value":53.2961},{"date":"1985-01-01","value":55.693},{"date":"1986-01-01","value":53.7166},{"date":"1987-01-01","value":51.8966},{"date":"1988-01-01","value":47.7999},{"date":"1989-01-01","value":47.4548},{"date":"1990-01-01","value":48.8734},{"date":"1991-01-01","value":46.2716},{"date":"1992-01-01","value":43.8289},{"date":"1993-01-01","value":42.5733},{"date":"1994-01-01","value":46.8031},{"date":"1995-01-01","value":48.2866},{"date":"1996-01-01","value":51.2453},{"date":"1997-01-01","value":50.1375},{"date":"1998-01-01","value":51.0898},{"date":"1999-01-01","value":49.6286},{"date":"2000-01-01","value":49.1238},{"date":"2001-01-01","value":51.5174},{"date":"2002-01-01","value":47.8325},{"date":"2003-01-01","value":45.0336},{"date":"2004-01-01","value":46.4196},{"date":"2005-01-01","value":47.0652},{"date":"2006-01-01","value":54.2677},{"date":"2007-01-01","value":52.4633},{"date":"2008-01-01","value":63.4976},{"date":"2009-01-01","value":57.9828},{"date":"2010-01-01","value":61.2237},{"date":"2011-01-01","value":66.1816},{"date":"2012-01-01","value":65.8201},{"date":"2013-01-01","value":61.6708},{"date":"2014-01-01","value":57.7659},{"date":"2015-01-01","value":56.6708},{"date":"2016-01-01","value":47.9327},{"date":"2017-01-01","value":47.2584},{"date":"2018-01-01","value":49.6108},{"date":"2019-01-01","value":47.187},{"date":"2020-01-01","value":46.6492},{"date":"2021-01-01","value":52.617},{"date":"2022-01-01","value":58.1981},{"date":"2023-01-01","value":51.2554},{"date":"2024-01-01","value":50.4571},{"date":"2025-01-01","value":46.9409}],"summary":{"latest_period":"2025-01-01","latest_value":46.9409,"max":66.1816,"mean":51.9138,"min":39.6869,"of":204,"rank":118,"trend":"flat"}}