Transport services in Iceland
Iceland: Transport services was 16.3% in 2025. ▼ Falling
Transport services in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Iceland recorded 16.3% for transport services in 2025. That is the lowest value across all 36 years on record.
The figure is down 6.9% on the previous year and down 31.8% over ten years.
Over the whole period, transport services in Iceland peaked at 67.7% in 1979 and was at its lowest, 16.3%, in 2025.
That places Iceland 174th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Transport services in Iceland, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 55.8% | — |
| 1977 | 58.4% | +4.6% |
| 1978 | 62.2% | +6.6% |
| 1979 | 67.7% | +8.8% |
| 1980 | 65.7% | -3.0% |
| 1981 | 61.8% | -5.9% |
| 1982 | 62.0% | +0.3% |
| 1983 | 57.7% | -6.9% |
| 1984 | 52.1% | -9.7% |
| 1985 | 59.3% | +13.8% |
| 1986 | 46.4% | -21.8% |
| 1987 | 37.6% | -18.9% |
| 1988 | 39.8% | +5.7% |
| 1989 | 38.1% | -4.1% |
| 1990 | 30.7% | -19.6% |
| 1991 | 30.4% | -0.8% |
| 1992 | 28.3% | -7.1% |
| 1993 | 27.1% | -3.9% |
| 1994 | 29.5% | +8.7% |
| 2009 | 25.8% | -12.6% |
| 2010 | 25.0% | -3.1% |
| 2011 | 25.4% | +1.9% |
| 2012 | 24.9% | -2.2% |
| 2013 | 26.5% | +6.5% |
| 2014 | 24.7% | -6.8% |
| 2015 | 23.9% | -3.1% |
| 2016 | 22.3% | -7.0% |
| 2017 | 22.2% | -0.4% |
| 2018 | 21.3% | -3.7% |
| 2019 | 19.2% | -10.1% |
| 2020 | 19.7% | +2.5% |
| 2021 | 19.7% | +0.0% |
| 2022 | 18.0% | -8.6% |
| 2023 | 18.3% | +1.9% |
| 2024 | 17.5% | -4.2% |
| 2025 | 16.3% | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 61.0% | 55.8% | 67.7% | 4 |
| 1980s | 52.1% | 37.6% | 65.7% | 10 |
| 1990s | 29.2% | 27.1% | 30.7% | 5 |
| 2000s | 25.8% | 25.8% | 25.8% | 1 |
| 2010s | 23.5% | 19.2% | 26.5% | 10 |
| 2020s | 18.2% | 16.3% | 19.7% | 6 |
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 transport services in Iceland?
- Transport services in Iceland was 16.3% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Iceland?
- The highest recorded value was 67.7% in 1979.
- What is the lowest transport services recorded in Iceland?
- The lowest recorded value was 16.3% in 2025.
- How does Iceland rank for transport services?
- Iceland ranks 174th out of 197 countries with data for 2025.
- Is transport services rising or falling in Iceland?
- Over the last ten years it is down 31.8%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Transport services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Transport is the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.