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Iceland - Trade Openness 1972

Name: Iceland Trade Openness 1972
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

68.47% −9.05% from 1971 Global rank: 74th

Iceland's trade openness was 68.47% in 1972, decreased +9.05% from 77.52% in 1971. This was the 74th highest globally.

Global Ranking - 1972▾

Trade Openness by Country - 1972
Rank	Country	Value	YoY
1st	China	5.67%	14.6%
2nd	India	7.74%	0.9%
3rd	United States	11.34%	5.4%
4th	Nepal	13.58%	-6.6%
5th	Argentina	14.04%	11.3%
6th	Türkiye	14.56%	7.3%
7th	Pakistan	15.82%	-13.1%
8th	Brazil	16.13%	10.1%
9th	Mexico	16.89%	3.2%
10th	Japan	17.76%	-8.9%
11th	Bangladesh	19.41%	14.0%
12th	Chile	22.30%	-1.4%
13th	Rwanda	24.54%	-9.4%
14th	Greece	24.62%	8.6%
15th	Australia	24.72%	-3.1%
16th	Colombia	26.05%	-6.9%
17th	Spain	27.21%	5.0%
18th	Paraguay	27.61%	-5.8%
19th	Burkina Faso	27.69%	8.8%
20th	Ecuador	27.96%	2.5%
21st	Peru	28.15%	-1.6%
22nd	Mali	29.60%	-12.0%
23rd	Egypt, Arab Republic of	30.09%	-3.0%
24th	Uruguay	30.33%	39.7%
25th	Germany	30.62%	-0.4%
26th	Italy	31.75%	4.7%
27th	Madagascar	32.59%	-8.1%
28th	Sudan	32.69%	-0.4%
29th	Somalia, Fed. Rep.	33.78%	6.7%
30th	Chad	33.95%	-8.2%
31st	France	33.97%	1.5%
32nd	Niger	34.71%	24.1%
33rd	Indonesia	35.41%	14.0%
34th	Ghana	35.91%	-0.2%
35th	Uganda	36.17%	-17.4%
36th	Thailand	37.37%	7.4%
37th	Guatemala	37.44%	4.1%
38th	Korea	37.54%	6.3%
39th	Morocco	37.80%	3.0%
40th	European Union	39.89%	0.2%
41st	Guinea-Bissau	39.99%	3.9%
42nd	South Africa	40.77%	0.7%
43rd	Benin	41.18%	-9.7%
44th	United Kingdom	41.58%	-2.5%
45th	Syrian Arab Republic	41.84%	5.4%
46th	Canada	41.85%	2.9%
47th	Sweden	42.66%	-1.3%
48th	Senegal	43.87%	10.6%
49th	Iran, Islamic Republic of	44.45%	0.1%
50th	Bolivia, Plurinational State of	45.13%	-1.4%
51st	New Zealand	45.86%	3.8%
52nd	Dominican Republic	45.92%	0.4%
53rd	Algeria	46.18%	0.2%
54th	Sri Lanka	46.23%	-9.8%
55th	Portugal	46.23%	3.5%
56th	Cameroon	46.48%	-7.4%
57th	Finland	47.79%	0.7%
58th	Tunisia	50.09%	3.2%
59th	Denmark	53.23%	-4.4%
60th	Togo	54.22%	-11.9%
61st	Austria	54.51%	-0.2%
62nd	Kenya	55.31%	-13.3%
63rd	Israel	55.95%	-5.1%
64th	Sierra Leone	56.81%	-10.8%
65th	El Salvador	57.22%	11.7%
66th	Iraq	58.41%	-12.4%
67th	Central African Republic	58.75%	-12.6%
68th	Côte d'Ivoire	62.52%	3.1%
69th	Nicaragua	64.93%	18.4%
70th	Costa Rica	66.83%	4.6%
71st	Norway	66.96%	-3.9%
72nd	Honduras	67.48%	-3.3%
73rd	Ireland	67.63%	-6.3%
74th	Iceland	68.47%	-11.7%
75th	Mauritania	72.21%	47.7%
76th	Malaysia	73.38%	-7.7%
77th	Gambia, The	74.53%	7.2%
78th	Switzerland	76.68%	-2.5%
79th	Cuba	76.81%	0.0%
80th	Faroe Islands	78.11%	-0.9%
81st	Papua New Guinea	79.46%	-0.2%
82nd	Saudi Arabia	79.86%	11.1%
83rd	Congo, Republic of	80.10%	-6.0%
84th	Puerto Rico (US)	80.30%	-3.0%
85th	Netherlands	82.76%	-3.1%
86th	Lesotho	85.21%	26.0%
87th	Belgium	85.21%	-0.4%
88th	Kuwait	89.26%	5.0%
89th	Botswana	97.92%	3.4%
90th	Oman	103.13%	5.3%
91st	Kiribati	103.25%	-
92nd	Malta	113.98%	-0.4%
93rd	Panama	115.02%	0.0%
94th	Guyana	116.24%	2.8%
95th	Gabon	145.35%	22.5%
96th	Luxembourg	155.73%	-7.4%
97th	Hong Kong SAR, China	160.83%	-7.8%
98th	Singapore	229.05%	-11.7%

FAQ

What was Iceland's trade openness in 1972?▾

Iceland's trade openness in 1972 was 68.47%. This ranked 74th globally.

How did Iceland's trade openness change in 1972?▾

Iceland's trade openness decreased by 11.7% in 1972 compared to 1971.

Which country had the highest trade openness in 1972?▾

Singapore had the highest trade openness in 1972 at 229.05%.

What is the trade openness of Iceland in 1972?▾

The trade openness of Iceland in 1972 was 68.47%. This ranked 74th globally.

How does 1972 compare to 1971 for Iceland's trade openness?▾

Iceland's trade openness went from 77.52% in 1971 to 68.47% in 1972, a 11.7% decrease.

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