Exports as a share of GDP fell 4.27% to 0.416% in Iceland in 2024, according to the National Statistical Office.
Historically, exports as a share of GDP in Iceland reached an all time high of 0.549% in 2012 and an all time low of 0.281% in 1967. When compared to Iceland's main peers, exports as a share of GDP in Denmark amounted to 0.697%, 0.476% in Norway, 0.546% in Sweden and 0.306% in United Kingdom in 2024.
Iceland has been ranked 56th within the group of 130 countries we follow in terms of exports as a share of GDP, 11 places below the position seen 10 years ago.
| Exports (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Belgium | % | 0.835% | 0.830% | 0.792% | 0.896% | 0.952% | ||||||||||||||||
| Denmark | % | 0.570% | 0.590% | 0.550% | 0.588% | 0.705% | ||||||||||||||||
| Finland | % | 0.391% | 0.406% | 0.362% | 0.399% | 0.463% | ||||||||||||||||
| France | % | 0.329% | 0.329% | 0.286% | 0.313% | 0.365% | ||||||||||||||||
| Germany | % | 0.426% | 0.424% | 0.392% | 0.427% | 0.458% | ||||||||||||||||
| Iceland | % | 0.460% | 0.437% | 0.333% | 0.374% | 0.458% | ||||||||||||||||
| Ireland | % | 1.23% | 1.27% | 1.35% | 1.33% | 1.37% | ||||||||||||||||
| Netherlands | % | 0.871% | 0.853% | 0.812% | 0.865% | 0.964% | ||||||||||||||||
| Norway | % | 0.382% | 0.366% | 0.322% | 0.430% | 0.555% | ||||||||||||||||
| Russia | % | 0.308% | 0.284% | 0.255% | 0.300% | 0.277% | ||||||||||||||||
| Sweden | % | 0.459% | 0.482% | 0.443% | 0.473% | 0.539% | ||||||||||||||||
| United Kingdom | % | 0.316% | 0.316% | 0.297% | 0.292% | 0.336% |
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