Net barter terms of trade index in Iceland
Iceland: Net barter terms of trade index was 88.4 2015 = 100 in 2024. ▼ Falling
Net barter terms of trade index in Iceland, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
Iceland recorded 88.4 2015 = 100 for net barter terms of trade index in 2024.
The figure is down 4.3% on the previous year and down 2.1% over ten years.
Over the whole period, net barter terms of trade index in Iceland peaked at 112.6 2015 = 100 in 2006 and was at its lowest, 86.6 2015 = 100, in 2013.
Iceland ranks 173rd of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net barter terms of trade index in Iceland, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 105.5 2015 = 100 | — |
| 2006 | 112.6 2015 = 100 | +6.7% |
| 2007 | 111.4 2015 = 100 | -1.1% |
| 2008 | 99.8 2015 = 100 | -10.4% |
| 2009 | 91.6 2015 = 100 | -8.2% |
| 2010 | 99.1 2015 = 100 | +8.2% |
| 2011 | 96.4 2015 = 100 | -2.7% |
| 2012 | 90.9 2015 = 100 | -5.7% |
| 2013 | 86.6 2015 = 100 | -4.7% |
| 2014 | 90.3 2015 = 100 | +4.3% |
| 2015 | 100 2015 = 100 | +10.7% |
| 2016 | 98.1 2015 = 100 | -1.9% |
| 2017 | 97.1 2015 = 100 | -1.0% |
| 2018 | 93.9 2015 = 100 | -3.3% |
| 2019 | 94.8 2015 = 100 | +1.0% |
| 2020 | 93.2 2015 = 100 | -1.7% |
| 2021 | 99 2015 = 100 | +6.2% |
| 2022 | 100 2015 = 100 | +1.0% |
| 2023 | 92.4 2015 = 100 | -7.6% |
| 2024 | 88.4 2015 = 100 | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 104.18 2015 = 100 | 91.6 2015 = 100 | 112.6 2015 = 100 | 5 |
| 2010s | 94.72 2015 = 100 | 86.6 2015 = 100 | 100 2015 = 100 | 10 |
| 2020s | 94.6 2015 = 100 | 88.4 2015 = 100 | 100 2015 = 100 | 5 |
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 net barter terms of trade index in Iceland?
- Net barter terms of trade index in Iceland was 88.4 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest net barter terms of trade index recorded in Iceland?
- The highest recorded value was 112.6 2015 = 100 in 2006.
- What is the lowest net barter terms of trade index recorded in Iceland?
- The lowest recorded value was 86.6 2015 = 100 in 2013.
- How does Iceland rank for net barter terms of trade index?
- Iceland ranks 173rd out of 206 countries with data for 2024.
- Is net barter terms of trade index rising or falling in Iceland?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Net barter terms of trade index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.