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Iceland - Trade Openness 1976

Name: Iceland Trade Openness 1976
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

65.50% −5.95% from 1975 Global rank: 67th

Iceland's trade openness was 65.50% in 1976, decreased +5.95% from 71.45% in 1975. This was the 67th highest globally.

Global Ranking - 1976▾

Trade Openness by Country - 1976
Rank	Country	Value	YoY
1st	China	9.59%	-3.9%
2nd	India	12.80%	4.1%
3rd	Argentina	15.10%	27.9%
4th	Türkiye	15.52%	-0.8%
5th	United States	16.05%	3.4%
6th	Brazil	16.42%	-10.0%
7th	Mexico	18.36%	11.2%
8th	Uganda	20.99%	7.3%
9th	Bangladesh	22.38%	103.6%
10th	Japan	24.79%	3.0%
11th	Nepal	24.95%	12.1%
12th	Australia	26.82%	-7.3%
13th	Pakistan	28.95%	-10.6%
14th	Spain	30.11%	3.4%
15th	Sudan	30.37%	-12.7%
16th	Colombia	30.94%	3.7%
17th	Somalia, Fed. Rep.	31.39%	-15.0%
18th	Peru	31.42%	-1.6%
19th	Ghana	31.75%	-16.0%
20th	Mali	32.04%	-17.7%
21st	Madagascar	32.69%	-11.1%
22nd	Paraguay	32.70%	5.3%
23rd	Guinea-Bissau	33.21%	6.7%
24th	Greece	33.97%	-1.2%
25th	Rwanda	33.97%	26.4%
26th	Ecuador	34.01%	-3.9%
27th	Burkina Faso	35.21%	-6.1%
28th	Portugal	37.71%	-9.2%
29th	Germany	38.22%	6.9%
30th	Uruguay	39.64%	7.0%
31st	Italy	41.10%	10.1%
32nd	France	41.37%	7.8%
33rd	Zimbabwe	41.56%	-12.0%
34th	Chad	42.47%	5.5%
35th	Thailand	42.94%	3.9%
36th	Indonesia	43.01%	-3.4%
37th	Chile	43.47%	-12.1%
38th	Benin	44.02%	-8.2%
39th	Canada	44.27%	-3.5%
40th	Egypt, Arab Republic of	45.09%	-16.1%
41st	European Union	47.66%	5.6%
42nd	South Africa	48.88%	-1.9%
43rd	Guatemala	49.16%	8.6%
44th	Finland	49.26%	-2.1%
45th	Cameroon	50.01%	3.7%
46th	Sierra Leone	50.47%	-15.3%
47th	Dominican Republic	51.47%	-15.8%
48th	Central African Republic	51.51%	-15.6%
49th	Sweden	51.83%	0.8%
50th	Brunei Darussalam	52.13%	-1.8%
51st	Korea	52.96%	-0.1%
52nd	Syrian Arab Republic	53.82%	-2.8%
53rd	Senegal	54.12%	3.3%
54th	Morocco	54.64%	-2.1%
55th	New Zealand	55.94%	5.3%
56th	Niger	56.60%	12.7%
57th	United Kingdom	57.42%	8.8%
58th	Bolivia, Plurinational State of	57.56%	-1.0%
59th	Austria	60.15%	5.9%
60th	Sri Lanka	60.43%	-3.2%
61st	Denmark	61.11%	2.2%
62nd	Tunisia	63.10%	-1.3%
63rd	Costa Rica	63.82%	-7.0%
64th	Kenya	64.21%	-0.2%
65th	Nicaragua	64.84%	-0.2%
66th	Iran, Islamic Republic of	65.44%	-14.0%
67th	Iceland	65.50%	-8.3%
68th	Israel	67.33%	1.2%
69th	Algeria	70.17%	-8.5%
70th	El Salvador	72.36%	1.5%
71st	Togo	73.59%	0.1%
72nd	Cuba	76.82%	0.0%
73rd	Côte d'Ivoire	77.99%	6.4%
74th	Norway	78.76%	3.3%
75th	Switzerland	78.90%	6.5%
76th	Papua New Guinea	82.55%	-4.2%
77th	Tonga	83.57%	-25.5%
78th	Mauritania	83.88%	16.2%
79th	Saudi Arabia	83.98%	-11.7%
80th	Faroe Islands	86.91%	1.8%
81st	Gambia, The	87.41%	-1.0%
82nd	Ireland	91.24%	9.9%
83rd	Gabon	91.68%	-5.9%
84th	Honduras	92.26%	0.0%
85th	Netherlands	92.85%	2.6%
86th	Malaysia	93.20%	2.8%
87th	Iraq	93.28%	-1.7%
88th	Belgium	96.82%	5.8%
89th	Seychelles	97.09%	-
90th	Puerto Rico (US)	97.87%	-0.8%
91st	Congo, Republic of	106.93%	7.3%
92nd	Mauritius	106.98%	-
93rd	Oman	108.30%	-8.4%
94th	Kuwait	110.49%	3.8%
95th	Jordan	112.17%	-
96th	Cyprus	112.37%	21.9%
97th	Kiribati	113.89%	-3.5%
98th	Botswana	116.71%	8.7%
99th	Panama	137.07%	-8.5%
100th	Lesotho	156.54%	32.2%
101st	Guyana	157.08%	4.9%
102nd	Malta	161.91%	1.2%
103rd	Luxembourg	166.20%	-5.6%
104th	Hong Kong SAR, China	168.20%	4.3%
105th	Singapore	305.90%	7.9%

FAQ

What was Iceland's trade openness in 1976?▾

Iceland's trade openness in 1976 was 65.50%. This ranked 67th globally.

How did Iceland's trade openness change in 1976?▾

Iceland's trade openness decreased by 8.3% in 1976 compared to 1975.

Which country had the highest trade openness in 1976?▾

Singapore had the highest trade openness in 1976 at 305.90%.

What is the trade openness of Iceland in 1976?▾

The trade openness of Iceland in 1976 was 65.50%. This ranked 67th globally.

How does 1976 compare to 1975 for Iceland's trade openness?▾

Iceland's trade openness went from 71.45% in 1975 to 65.50% in 1976, a 8.3% decrease.

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