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Iceland - Trade Openness 1970

Trade as % of GDP · World Bank
84.13% Global rank: 83rd

Iceland's trade openness was 84.13% in 1970. This was the 83rd highest globally.

Global Ranking - 1970▾
Trade Openness by Country - 1970
RankCountryValueYoY
1st China 4.83% -2.3%
2nd India 7.66% -1.1%
3rd Argentina 10.34% -19.2%
4th United States 10.76% -
5th Türkiye 10.79% 29.5%
6th Nepal 13.21% -23.4%
7th Brazil 14.48% 9.1%
8th Mexico 17.41% 3.5%
9th Pakistan 17.97% 2.8%
10th Japan 19.15% -
11th Bangladesh 20.82% 5.1%
12th Burkina Faso 21.60% -3.4%
13th Ecuador 22.45% 9.0%
14th Greece 22.46% -0.8%
15th Spain 25.85% -
16th Australia 26.11% 3.6%
17th Somalia, Fed. Rep. 26.19% -33.9%
18th Rwanda 26.74% 21.3%
19th Colombia 27.83% 8.9%
20th Chile 27.97% -6.1%
21st Indonesia 28.68% 20.3%
22nd Niger 28.87% 11.8%
23rd Uruguay 29.09% 14.0%
24th Italy 30.03% -
25th Egypt, Arab Republic of 30.66% 2.3%
26th Mali 30.67% 1.5%
27th Paraguay 31.04% -2.3%
28th Germany 31.59% -
29th Korea 32.25% -1.6%
30th Sudan 32.75% 5.3%
31st France 32.90% 8.1%
32nd Peru 32.99% -3.8%
33rd Guinea-Bissau 34.19% -
34th Thailand 34.40% -4.8%
35th Guatemala 36.35% 3.2%
36th Chad 38.31% 24.0%
37th Syrian Arab Republic 38.56% -0.6%
38th Morocco 39.22% 5.4%
39th Senegal 39.35% 1.1%
40th Benin 39.64% 19.4%
41st Iran, Islamic Republic of 39.67% 1.5%
42nd South Africa 39.79% 0.4%
43rd European Union 40.15% -
44th Madagascar 40.75% -1.2%
45th Canada 41.49% -0.9%
46th United Kingdom 43.00% -
47th Portugal 43.21% -
48th Uganda 43.47% 3.8%
49th Ghana 44.05% 9.9%
50th Sweden 44.36% 6.2%
51st Dominican Republic 45.88% 2.9%
52nd Tunisia 46.74% 34.3%
53rd New Zealand 47.16% -
54th Bolivia, Plurinational State of 48.96% 12.1%
55th El Salvador 49.38% 0.8%
56th Finland 49.42% -
57th Mauritania 49.59% 5.5%
58th Cameroon 50.88% 10.0%
59th Algeria 51.23% -1.2%
60th Sri Lanka 54.05% 25.7%
61st Austria 55.08% -
62nd Nicaragua 55.92% 8.5%
63rd Denmark 57.13% 2.9%
64th Iraq 57.52% -
65th Israel 58.28% -
66th Togo 59.84% 8.5%
67th Sierra Leone 60.30% 14.2%
68th Kenya 60.49% 5.0%
69th Lesotho 61.10% -6.2%
70th Costa Rica 62.41% 6.6%
71st Côte d'Ivoire 64.88% 1.6%
72nd Norway 70.96% -
73rd Saudi Arabia 72.37% -1.0%
74th Papua New Guinea 72.41% 11.7%
75th Central African Republic 73.50% 13.2%
76th Ireland 74.43% -
77th Honduras 74.94% 4.6%
78th Faroe Islands 75.26% -5.0%
79th Cuba 76.81% -
80th Gambia, The 78.70% -14.0%
81st Switzerland 82.88% -
82nd Kuwait 83.93% -9.2%
83rd Iceland 84.13% -
84th Botswana 85.57% 13.6%
85th Netherlands 86.48% 6.8%
86th Malaysia 86.88% 3.1%
87th Gabon 87.71% -19.3%
88th Belgium 87.73% -
89th Congo, Republic of 92.50% 4.0%
90th Oman 93.35% 7.9%
91st Guyana 113.46% -1.1%
92nd Malta 115.54% -
93rd Panama 117.37% 0.1%
94th Luxembourg 160.84% -
95th Hong Kong SAR, China 178.67% -1.3%
96th Singapore 271.06% -1.0%
Source: World Bank (NE.TRD.GNFS.ZS)

FAQ

What was Iceland's trade openness in 1970?▾

Iceland's trade openness in 1970 was 84.13%. This ranked 83rd globally.

Which country had the highest trade openness in 1970?▾

Singapore had the highest trade openness in 1970 at 271.06%.

What is the trade openness of Iceland in 1970?▾

The trade openness of Iceland in 1970 was 84.13%. This ranked 83rd globally.

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1971 All years Full ranking 1970 Exports Imports Trade Balance Current Account Balance FDI Inflows Peak: 2012 Lowest: 1992 Trade Openness 1990s Trade Openness 2000s Trade Openness 2010s Trade Openness 2020s Highest ever Lowest ever Average vs Cayman Islands vs Singapore vs Norway vs United States NATO Trade Openness OECD Trade Openness Global Ranking