Iceland - Imports of goods and services
Imports of goods and services (BoP, current US$)
The latest value for Imports of goods and services (BoP, current US$) in Iceland was $7,616,183,000 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $11,385,460,000 in 2018 and $545,100,000 in 1976.
Definition: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1976 | $545,100,000 |
| 1977 | $714,500,000 |
| 1978 | $810,500,000 |
| 1979 | $1,007,600,000 |
| 1980 | $1,162,700,000 |
| 1981 | $1,207,500,000 |
| 1982 | $1,146,100,000 |
| 1983 | $1,002,300,000 |
| 1984 | $1,067,500,000 |
| 1985 | $1,177,200,000 |
| 1986 | $1,373,600,000 |
| 1987 | $1,938,100,000 |
| 1988 | $1,975,000,000 |
| 1989 | $1,762,100,000 |
| 1990 | $2,065,099,000 |
| 1991 | $2,204,732,000 |
| 1992 | $2,116,767,000 |
| 1993 | $1,809,361,000 |
| 1994 | $1,865,465,000 |
| 1995 | $2,249,502,000 |
| 1996 | $2,620,709,000 |
| 1997 | $2,652,493,000 |
| 1998 | $3,242,888,000 |
| 1999 | $3,316,983,000 |
| 2000 | $3,516,604,000 |
| 2001 | $3,127,350,000 |
| 2002 | $3,177,316,000 |
| 2003 | $4,069,423,000 |
| 2004 | $5,261,493,000 |
| 2005 | $7,086,987,000 |
| 2006 | $8,220,784,000 |
| 2007 | $9,095,652,000 |
| 2008 | $8,068,984,000 |
| 2009 | $5,341,060,000 |
| 2010 | $5,784,056,000 |
| 2011 | $7,132,235,000 |
| 2012 | $7,250,012,000 |
| 2013 | $7,354,765,000 |
| 2014 | $8,069,132,000 |
| 2015 | $7,738,828,000 |
| 2016 | $8,509,803,000 |
| 2017 | $10,230,820,000 |
| 2018 | $11,385,460,000 |
| 2019 | $9,887,477,000 |
| 2020 | $7,616,183,000 |
Imports of goods and services (current US$)
The latest value for Imports of goods and services (current US$) in Iceland was $7,595,536,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $11,377,490,000 in 2018 and $225,194,300 in 1970.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | $225,194,300 |
| 1971 | $290,564,800 |
| 1972 | $305,401,100 |
| 1973 | $429,005,900 |
| 1974 | $615,641,800 |
| 1975 | $578,989,600 |
| 1976 | $563,608,200 |
| 1977 | $735,436,700 |
| 1978 | $832,986,600 |
| 1979 | $1,037,270,000 |
| 1980 | $1,185,820,000 |
| 1981 | $1,245,840,000 |
| 1982 | $1,169,313,000 |
| 1983 | $1,025,825,000 |
| 1984 | $1,077,217,000 |
| 1985 | $1,181,925,000 |
| 1986 | $1,369,557,000 |
| 1987 | $1,927,005,000 |
| 1988 | $1,970,827,000 |
| 1989 | $1,753,605,000 |
| 1990 | $2,067,696,000 |
| 1991 | $2,222,221,000 |
| 1992 | $2,126,364,000 |
| 1993 | $1,820,239,000 |
| 1994 | $1,933,732,000 |
| 1995 | $2,247,449,000 |
| 1996 | $2,621,869,000 |
| 1997 | $2,654,798,000 |
| 1998 | $3,241,180,000 |
| 1999 | $3,320,940,000 |
| 2000 | $3,520,829,000 |
| 2001 | $3,112,265,000 |
| 2002 | $3,160,503,000 |
| 2003 | $4,066,222,000 |
| 2004 | $5,256,646,000 |
| 2005 | $7,093,788,000 |
| 2006 | $8,231,508,000 |
| 2007 | $9,057,419,000 |
| 2008 | $7,661,403,000 |
| 2009 | $5,350,550,000 |
| 2010 | $5,761,759,000 |
| 2011 | $7,133,335,000 |
| 2012 | $7,251,756,000 |
| 2013 | $7,343,639,000 |
| 2014 | $8,066,623,000 |
| 2015 | $7,736,736,000 |
| 2016 | $8,493,798,000 |
| 2017 | $10,199,600,000 |
| 2018 | $11,377,490,000 |
| 2019 | $9,888,396,000 |
| 2020 | $7,595,536,000 |
Imports of goods and services (current LCU)
The value for Imports of goods and services (current LCU) in Iceland was 1,028,600,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 1,232,180,000,000 in 2018 and a minimum value of 198,171,000 in 1970.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1970 | 198,171,000 |
| 1971 | 255,697,000 |
| 1972 | 269,547,000 |
| 1973 | 386,663,000 |
| 1974 | 615,334,000 |
| 1975 | 889,907,000 |
| 1976 | 1,026,725,000 |
| 1977 | 1,462,563,000 |
| 1978 | 2,258,310,000 |
| 1979 | 3,657,415,000 |
| 1980 | 5,689,089,000 |
| 1981 | 9,000,196,000 |
| 1982 | 14,442,770,000 |
| 1983 | 25,484,380,000 |
| 1984 | 34,140,990,000 |
| 1985 | 49,058,980,000 |
| 1986 | 56,294,530,000 |
| 1987 | 74,531,150,000 |
| 1988 | 84,773,140,000 |
| 1989 | 100,029,000,000 |
| 1990 | 120,513,000,000 |
| 1991 | 131,103,000,000 |
| 1992 | 122,364,000,000 |
| 1993 | 123,054,000,000 |
| 1994 | 135,254,000,000 |
| 1995 | 145,391,000,000 |
| 1996 | 174,354,000,000 |
| 1997 | 188,237,000,000 |
| 1998 | 229,989,000,000 |
| 1999 | 240,221,000,000 |
| 2000 | 276,793,000,000 |
| 2001 | 303,211,000,000 |
| 2002 | 289,697,000,000 |
| 2003 | 311,916,000,000 |
| 2004 | 368,973,000,000 |
| 2005 | 446,779,000,000 |
| 2006 | 577,687,000,000 |
| 2007 | 580,173,000,000 |
| 2008 | 673,804,000,000 |
| 2009 | 661,533,000,000 |
| 2010 | 704,328,000,000 |
| 2011 | 827,139,000,000 |
| 2012 | 907,070,000,000 |
| 2013 | 897,239,000,000 |
| 2014 | 941,918,000,000 |
| 2015 | 1,020,620,000,000 |
| 2016 | 1,026,150,000,000 |
| 2017 | 1,089,720,000,000 |
| 2018 | 1,232,180,000,000 |
| 2019 | 1,212,380,000,000 |
| 2020 | 1,028,600,000,000 |
Imports of goods and services (constant 2010 US$)
The latest value for Imports of goods and services (constant 2010 US$) in Iceland was 7,101,204,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 10,001,840,000 in 2018 and 1,481,419,000 in 1970.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 1,481,419,000 |
| 1971 | 1,845,535,000 |
| 1972 | 1,855,010,000 |
| 1973 | 2,232,131,000 |
| 1974 | 2,511,534,000 |
| 1975 | 2,191,204,000 |
| 1976 | 2,111,262,000 |
| 1977 | 2,545,756,000 |
| 1978 | 2,638,437,000 |
| 1979 | 2,703,511,000 |
| 1980 | 2,784,359,000 |
| 1981 | 2,982,494,000 |
| 1982 | 2,965,488,000 |
| 1983 | 2,677,973,000 |
| 1984 | 2,922,877,000 |
| 1985 | 3,198,189,000 |
| 1986 | 3,228,526,000 |
| 1987 | 3,979,650,000 |
| 1988 | 3,797,188,000 |
| 1989 | 3,407,699,000 |
| 1990 | 3,441,464,000 |
| 1991 | 3,622,439,000 |
| 1992 | 3,406,094,000 |
| 1993 | 3,150,596,000 |
| 1994 | 3,271,011,000 |
| 1995 | 3,389,340,000 |
| 1996 | 3,884,153,000 |
| 1997 | 4,151,388,000 |
| 1998 | 5,062,426,000 |
| 1999 | 5,232,136,000 |
| 2000 | 5,640,349,000 |
| 2001 | 5,077,686,000 |
| 2002 | 4,939,037,000 |
| 2003 | 5,445,557,000 |
| 2004 | 6,241,811,000 |
| 2005 | 7,978,725,000 |
| 2006 | 8,762,236,000 |
| 2007 | 8,563,948,000 |
| 2008 | 6,824,378,000 |
| 2009 | 5,413,819,000 |
| 2010 | 5,539,342,000 |
| 2011 | 5,914,558,000 |
| 2012 | 6,186,848,000 |
| 2013 | 6,193,397,000 |
| 2014 | 6,813,992,000 |
| 2015 | 7,736,736,000 |
| 2016 | 8,866,529,000 |
| 2017 | 9,915,492,000 |
| 2018 | 10,001,840,000 |
| 2019 | 9,158,713,000 |
| 2020 | 7,101,204,000 |
Imports of goods and services (annual % growth)
The value for Imports of goods and services (annual % growth) in Iceland was -22.47 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 27.83 in 2005 and a minimum value of -22.47 in 2020.
Definition: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1971 | 24.58 |
| 1972 | 0.51 |
| 1973 | 20.33 |
| 1974 | 12.52 |
| 1975 | -12.75 |
| 1976 | -3.65 |
| 1977 | 20.58 |
| 1978 | 3.64 |
| 1979 | 2.47 |
| 1980 | 2.99 |
| 1981 | 7.12 |
| 1982 | -0.57 |
| 1983 | -9.70 |
| 1984 | 9.15 |
| 1985 | 9.42 |
| 1986 | 0.95 |
| 1987 | 23.27 |
| 1988 | -4.58 |
| 1989 | -10.26 |
| 1990 | 0.99 |
| 1991 | 5.26 |
| 1992 | -5.97 |
| 1993 | -7.50 |
| 1994 | 3.82 |
| 1995 | 3.62 |
| 1996 | 14.60 |
| 1997 | 6.88 |
| 1998 | 21.95 |
| 1999 | 3.35 |
| 2000 | 7.80 |
| 2001 | -9.98 |
| 2002 | -2.73 |
| 2003 | 10.26 |
| 2004 | 14.62 |
| 2005 | 27.83 |
| 2006 | 9.82 |
| 2007 | -2.26 |
| 2008 | -20.31 |
| 2009 | -20.67 |
| 2010 | 2.32 |
| 2011 | 6.77 |
| 2012 | 4.60 |
| 2013 | 0.11 |
| 2014 | 10.02 |
| 2015 | 13.54 |
| 2016 | 14.60 |
| 2017 | 11.83 |
| 2018 | 0.87 |
| 2019 | -8.43 |
| 2020 | -22.47 |
Imports of goods and services (constant LCU)
The value for Imports of goods and services (constant LCU) in Iceland was 936,782,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 1,319,430,000,000 in 2018 and a minimum value of 195,427,000,000 in 1970.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1970 | 195,427,000,000 |
| 1971 | 243,461,000,000 |
| 1972 | 244,711,000,000 |
| 1973 | 294,460,000,000 |
| 1974 | 331,318,000,000 |
| 1975 | 289,061,000,000 |
| 1976 | 278,515,000,000 |
| 1977 | 335,833,000,000 |
| 1978 | 348,059,000,000 |
| 1979 | 356,644,000,000 |
| 1980 | 367,309,000,000 |
| 1981 | 393,447,000,000 |
| 1982 | 391,203,000,000 |
| 1983 | 353,275,000,000 |
| 1984 | 385,582,000,000 |
| 1985 | 421,901,000,000 |
| 1986 | 425,903,000,000 |
| 1987 | 524,990,000,000 |
| 1988 | 500,920,000,000 |
| 1989 | 449,539,000,000 |
| 1990 | 453,993,000,000 |
| 1991 | 477,867,000,000 |
| 1992 | 449,328,000,000 |
| 1993 | 415,623,000,000 |
| 1994 | 431,508,000,000 |
| 1995 | 447,117,000,000 |
| 1996 | 512,392,000,000 |
| 1997 | 547,646,000,000 |
| 1998 | 667,829,000,000 |
| 1999 | 690,217,000,000 |
| 2000 | 744,068,000,000 |
| 2001 | 669,842,000,000 |
| 2002 | 651,551,000,000 |
| 2003 | 718,371,000,000 |
| 2004 | 823,412,000,000 |
| 2005 | 1,052,540,000,000 |
| 2006 | 1,155,900,000,000 |
| 2007 | 1,129,740,000,000 |
| 2008 | 900,263,000,000 |
| 2009 | 714,184,000,000 |
| 2010 | 730,743,000,000 |
| 2011 | 780,241,000,000 |
| 2012 | 816,161,000,000 |
| 2013 | 817,025,000,000 |
| 2014 | 898,893,000,000 |
| 2015 | 1,020,620,000,000 |
| 2016 | 1,169,660,000,000 |
| 2017 | 1,308,040,000,000 |
| 2018 | 1,319,430,000,000 |
| 2019 | 1,208,210,000,000 |
| 2020 | 936,782,000,000 |
Imports of goods and services (% of GDP)
Imports of goods and services (% of GDP) in Iceland was 34.97 as of 2020. Its highest value over the past 50 years was 49.16 in 2012, while its lowest value was 29.27 in 1993.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 42.76 |
| 1971 | 43.35 |
| 1972 | 36.37 |
| 1973 | 37.16 |
| 1974 | 40.63 |
| 1975 | 41.15 |
| 1976 | 33.76 |
| 1977 | 33.30 |
| 1978 | 33.16 |
| 1979 | 36.35 |
| 1980 | 35.07 |
| 1981 | 35.67 |
| 1982 | 36.47 |
| 1983 | 37.09 |
| 1984 | 37.61 |
| 1985 | 39.61 |
| 1986 | 34.33 |
| 1987 | 34.91 |
| 1988 | 32.27 |
| 1989 | 30.91 |
| 1990 | 31.96 |
| 1991 | 32.16 |
| 1992 | 30.03 |
| 1993 | 29.27 |
| 1994 | 30.26 |
| 1995 | 31.55 |
| 1996 | 35.31 |
| 1997 | 35.07 |
| 1998 | 38.11 |
| 1999 | 36.97 |
| 2000 | 39.01 |
| 2001 | 37.79 |
| 2002 | 33.92 |
| 2003 | 35.58 |
| 2004 | 38.02 |
| 2005 | 42.09 |
| 2006 | 47.13 |
| 2007 | 41.83 |
| 2008 | 42.39 |
| 2009 | 40.67 |
| 2010 | 41.90 |
| 2011 | 46.86 |
| 2012 | 49.16 |
| 2013 | 45.54 |
| 2014 | 45.15 |
| 2015 | 44.17 |
| 2016 | 40.85 |
| 2017 | 41.25 |
| 2018 | 43.31 |
| 2019 | 39.78 |
| 2020 | 34.97 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
