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Iceland - Trade Openness 1975

Name: Iceland Trade Openness 1975
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

71.45% +2.29% from 1974 Global rank: 68th

Iceland's trade openness was 71.45% in 1975, increased +2.29% from 69.16% in 1974. This was the 68th highest globally.

Global Ranking - 1975▾

Trade Openness by Country - 1975
Rank	Country	Value	YoY
1st	China	9.98%	-3.5%
2nd	Bangladesh	11.00%	-21.7%
3rd	Argentina	11.80%	-10.5%
4th	India	12.29%	13.3%
5th	United States	15.52%	-5.6%
6th	Türkiye	15.65%	-7.9%
7th	Mexico	16.51%	-13.0%
8th	Brazil	18.23%	-13.0%
9th	Uganda	19.57%	-34.3%
10th	Nepal	22.27%	39.2%
11th	Japan	24.08%	-8.6%
12th	Rwanda	26.87%	-19.8%
13th	Australia	28.93%	10.1%
14th	Spain	29.12%	-8.2%
15th	Colombia	29.83%	-1.1%
16th	Paraguay	31.06%	-4.9%
17th	Guinea-Bissau	31.13%	-29.7%
18th	Peru	31.92%	-10.0%
19th	Pakistan	32.39%	5.1%
20th	Greece	34.40%	-0.4%
21st	Sudan	34.80%	4.1%
22nd	Ecuador	35.41%	-14.5%
23rd	Germany	35.77%	-2.8%
24th	Madagascar	36.75%	2.8%
25th	Somalia, Fed. Rep.	36.95%	-21.3%
26th	Uruguay	37.06%	18.5%
27th	Italy	37.31%	-8.3%
28th	Burkina Faso	37.50%	14.3%
29th	Ghana	37.80%	-5.8%
30th	France	38.37%	-13.2%
31st	Mali	38.93%	-27.4%
32nd	Chad	40.25%	-10.9%
33rd	Thailand	41.34%	-9.2%
34th	Portugal	41.53%	-23.0%
35th	Indonesia	44.52%	-11.7%
36th	European Union	45.15%	-8.2%
37th	Guatemala	45.26%	-5.9%
38th	Canada	45.86%	-4.6%
39th	Zimbabwe	47.20%	-
40th	Benin	47.94%	9.4%
41st	Cameroon	48.23%	0.0%
42nd	Chile	49.45%	30.3%
43rd	South Africa	49.81%	2.1%
44th	Niger	50.24%	21.8%
45th	Finland	50.33%	-8.8%
46th	Sweden	51.41%	-13.3%
47th	Senegal	52.38%	-14.7%
48th	United Kingdom	52.76%	-10.2%
49th	Korea	53.04%	-2.8%
50th	Brunei Darussalam	53.11%	6.8%
51st	New Zealand	53.13%	-0.8%
52nd	Egypt, Arab Republic of	53.71%	4.0%
53rd	Syrian Arab Republic	55.37%	-4.2%
54th	Morocco	55.82%	0.1%
55th	Austria	56.82%	-5.0%
56th	Bolivia, Plurinational State of	58.15%	-6.3%
57th	Sierra Leone	59.58%	18.6%
58th	Denmark	59.78%	-7.6%
59th	Central African Republic	61.05%	-14.1%
60th	Dominican Republic	61.11%	0.9%
61st	Sri Lanka	62.45%	3.5%
62nd	Tunisia	63.96%	-5.3%
63rd	Kenya	64.34%	-13.7%
64th	Nicaragua	64.98%	-9.3%
65th	Israel	66.57%	8.7%
66th	Costa Rica	68.61%	-15.6%
67th	El Salvador	71.26%	-2.7%
68th	Iceland	71.45%	3.3%
69th	Mauritania	72.19%	-8.9%
70th	Côte d'Ivoire	73.31%	-12.8%
71st	Togo	73.50%	9.9%
72nd	Switzerland	74.05%	-10.3%
73rd	Iran, Islamic Republic of	76.12%	6.6%
74th	Norway	76.27%	-4.8%
75th	Algeria	76.65%	3.3%
76th	Cuba	76.83%	0.1%
77th	Ireland	83.05%	-8.4%
78th	Faroe Islands	85.34%	-8.8%
79th	Papua New Guinea	86.14%	-0.7%
80th	Gambia, The	88.32%	6.8%
81st	Netherlands	90.52%	-5.8%
82nd	Malaysia	90.65%	-6.0%
83rd	Belgium	91.52%	-13.1%
84th	Cyprus	92.18%	-
85th	Honduras	92.27%	-4.0%
86th	Iraq	94.90%	2.5%
87th	Saudi Arabia	95.07%	24.9%
88th	Gabon	97.43%	-3.4%
89th	Puerto Rico (US)	98.67%	-0.2%
90th	Congo, Republic of	99.64%	-11.6%
91st	Kuwait	106.48%	7.8%
92nd	Botswana	107.39%	1.6%
93rd	Tonga	112.15%	-
94th	Kiribati	117.98%	2.4%
95th	Oman	118.24%	-2.7%
96th	Lesotho	118.44%	30.5%
97th	Guyana	149.79%	11.1%
98th	Panama	149.83%	-0.2%
99th	Malta	160.02%	-8.9%
100th	Hong Kong SAR, China	161.21%	-4.3%
101st	Luxembourg	176.09%	-2.2%
102nd	Singapore	283.57%	-9.7%

FAQ

What was Iceland's trade openness in 1975?▾

Iceland's trade openness in 1975 was 71.45%. This ranked 68th globally.

How did Iceland's trade openness change in 1975?▾

Iceland's trade openness increased by 3.3% in 1975 compared to 1974.

Which country had the highest trade openness in 1975?▾

Singapore had the highest trade openness in 1975 at 283.57%.

What is the trade openness of Iceland in 1975?▾

The trade openness of Iceland in 1975 was 71.45%. This ranked 68th globally.

How does 1975 compare to 1974 for Iceland's trade openness?▾

Iceland's trade openness went from 69.16% in 1974 to 71.45% in 1975, a 3.3% increase.

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