General profile: Iceland

GENERAL INFORMATION FOR 2018
Population
Population
Exchange rates
Exchange rate
GDP
GDP
0.337 Millions
108.300 ISK/US$
25 862 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 100 250 km²
2.68 %
4.60 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+13.9 %
Merchandise exports growth rate in 2018
Total merchandise trade
(millions of US$)
2005
2010
2015
2018
Merchandise exports
3 091
4 604
4 732
5 556
Merchandise imports
4 979
3 920
5 299
7 679
Merchandise trade balance
-1 888
685
-567
-2 122
Export structure by product group in 2018
(as % of total exports)
3 %3 %11 %11 %41 %41 %45 %45 %
Top 5 partners in 2018
(exports, millions of US$)
1 6815514593843581 681551459384358
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2018
Services exports
2 220
3 000
4 354
(e) 6 482
Services imports
2 416
2 138
2 843
(e) 4 208
Services trade balance
-196
862
1 511
(e) 2 274
Services exports by main category ²
(as % of total services)
2005
2010
2015
2018
Transport
-
-
35.7
(e) 34.0
Travel
-
-
37.1
(e) 48.2
Other services
-
-
23.1
(e) 16.6
TRADE INDICES
More data on UNCTADstat
109109102102979710010095959494929296969393868697979191747470706969666671716666606011011011011010310310010098989595959510010010410495951071071141141141141071071071071101101171171161161131131091029710095949296938697917470696671666011011010310098959510010495107114114107107110117116113
ECONOMIC TRENDS
More data on UNCTADstat
+4.6 %
Gross domestic product growth rate in 2018
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2018
GDP, current
16 813
13 684
17 344
25 862
GDP per capita, current US$
56 996
42 716
52 520
76 809
Real GDP growth, y-on-y, %
6.33
-3.44
4.47
4.60
Current account balance, % of GDP
-15.80
-6.39
5.16
2.83
Exchange rate (/US$)
62.982
122.242
131.919
108.300
GDP by expenditure in 2017
(as % of total GDP)
50.323.322.346.142.050.323.322.346.142.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.5 %
FDI outflows as % of GDP in 2018
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2018
FDI inflows
3 071.05
245.14
708.53
-335.82
FDI outflows
7 072.42
-2 367.85
-31.26
138.10
Personal remittances, % of GDP
0.39
0.99
1.23
0.69
Financial flows trends
(millions of US$)
179.1179.1187.1187.1204.6204.6213.1213.1212.4212.4202.6202.6152.9152.9150.8150.8135.5135.594.094.0120.0120.0110.0110.080.380.365.765.7112.1112.196.496.473.473.474.474.487.687.6-336-336-41-41-427-4277097094474473973971 0251 0251 1071 10724524579799209206 8256 8253 8433 8433 0713 0717267263323328787174174171171179.1187.1204.6213.1212.4202.6152.9150.8135.594.0120.0110.080.365.7112.196.473.474.487.6-336-41-4277094473971 0251 107245799206 8253 8433 07172633287174171FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2018
Balance, % of GDP
-11.83
10.12
7.16
(e) 3.11
Balance, % of imports
-28.00
24.19
15.98
(e) 7.08
Normalized balance
-0.163
0.108
0.074
(e) 0.034
Trade openness ²
(sum of imports and exports as % of GDP)
918889979799104101948884757973
LABOUR FORCE
Labour force by gender in 2018
(as % of total labour force, all sectors)
Male
53%Male 53%Female
47%Female 47%
OTHER INDICATORS
More data on UNCTADstat
0.001 %
Share of the total world merchant fleet in 2018
Maritime transport indicators
 
2005
2010
2015
2018
Merchant fleet, national flag (thousands of DWT)
80
69
14
15
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
5.34
5.73
5.93
Container port throughput (TEU)
..
193 000
261 700
352 300
Information economy indicators
(as % of)
2005
2010
2015
2018
Share of ICT goods, % of total exports
0.10
0.07
0.18
..
Share of ICT goods, % of total imports
6.38
4.26
5.37
..
Share of workforce involved in the ICT sector
6.20
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 05 November 2019