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Iceland
Merchandise trade (% of GDP)

General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Global rank#112out of 189 countries
Go to rankingOpenglobal ranking and map

Historical trend

66.259.652.946.339.7196019932025Iceland · 2025: 46.94%Iceland

Analytical takeaways

  • Iceland records 46.94% for Merchandise trade (% of GDP) in 2025, ranking #112 globally out of 189 countries.
  • Merchandise trade (% of GDP) declined from 65.14% in 1960 to 46.94% in 2025, a decrease of 18.20%.
  • The country sits in the middle of the global distribution for this metric, making the page a balanced entry point for comparative analysis beyond the extremes.

Comparison

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