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Iceland - Trade Openness 1979

Name: Iceland Trade Openness 1979
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

71.24% +4.44% from 1978 Global rank: 66th

Iceland's trade openness was 71.24% in 1979, increased +4.44% from 66.81% in 1978. This was the 66th highest globally.

Global Ranking - 1979▾

Trade Openness by Country - 1979
Rank	Country	Value	YoY
1st	Türkiye	9.10%	-20.4%
2nd	Argentina	12.84%	-10.4%
3rd	India	14.92%	15.6%
4th	China	16.52%	7.3%
5th	Brazil	16.57%	13.6%
6th	United States	18.38%	8.3%
7th	Bangladesh	21.91%	4.1%
8th	Ghana	22.39%	24.1%
9th	Japan	22.65%	17.3%
10th	Mexico	23.64%	9.9%
11th	Nepal	27.75%	6.6%
12th	Spain	27.87%	0.4%
13th	Colombia	28.66%	-5.8%
14th	Sudan	29.31%	26.7%
15th	Australia	29.58%	5.1%
16th	Pakistan	32.86%	17.7%
17th	Greece	34.64%	7.3%
18th	Ecuador	36.08%	8.4%
19th	Uganda	36.93%	13.6%
20th	Burkina Faso	37.53%	6.6%
21st	Paraguay	37.61%	-7.2%
22nd	Uruguay	38.00%	-5.0%
23rd	Germany	39.08%	5.5%
24th	Mali	39.22%	-5.3%
25th	France	42.64%	3.7%
26th	Iran, Islamic Republic of	42.81%	-6.3%
27th	Italy	43.61%	5.9%
28th	Rwanda	43.80%	13.5%
29th	Zimbabwe	44.46%	5.8%
30th	Madagascar	44.96%	9.1%
31st	Peru	45.59%	14.8%
32nd	Chile	46.73%	10.0%
33rd	Morocco	46.87%	0.9%
34th	Sierra Leone	46.99%	7.2%
35th	Guatemala	47.20%	-3.2%
36th	Guinea-Bissau	48.80%	11.4%
37th	Cameroon	49.32%	-4.7%
38th	European Union	49.53%	6.4%
39th	Senegal	49.80%	-0.8%
40th	Brunei Darussalam	50.65%	-2.3%
41st	Portugal	50.73%	23.3%
42nd	Bolivia, Plurinational State of	51.57%	-2.1%
43rd	Thailand	51.87%	17.9%
44th	Canada	52.24%	6.9%
45th	Chad	52.42%	18.1%
46th	Korea	53.52%	0.5%
47th	Indonesia	53.66%	25.6%
48th	Dominican Republic	53.79%	11.8%
49th	South Africa	54.11%	6.2%
50th	Benin	54.54%	6.8%
51st	United Kingdom	54.66%	-0.6%
52nd	Syrian Arab Republic	55.14%	19.7%
53rd	Sweden	56.23%	11.5%
54th	Kenya	57.36%	-15.2%
55th	Central African Republic	57.57%	0.5%
56th	Finland	58.11%	10.4%
57th	New Zealand	58.81%	11.9%
58th	Denmark	60.82%	6.5%
59th	Austria	63.57%	6.1%
60th	Algeria	64.01%	-2.6%
61st	Costa Rica	64.12%	-0.2%
62nd	Niger	65.41%	29.9%
63rd	Mauritania	67.60%	-5.1%
64th	Egypt, Arab Republic of	69.46%	29.0%
65th	Nicaragua	70.16%	6.9%
66th	Iceland	71.24%	6.6%
67th	Côte d'Ivoire	72.27%	-2.3%
68th	El Salvador	74.11%	6.2%
69th	Norway	74.88%	5.9%
70th	Cuba	76.71%	-0.1%
71st	Israel	79.21%	-7.9%
72nd	Sri Lanka	79.46%	6.9%
73rd	Faroe Islands	79.49%	-1.0%
74th	Tunisia	80.95%	16.1%
75th	Seychelles	83.56%	-2.1%
76th	Switzerland	87.77%	5.0%
77th	Saudi Arabia	89.10%	-2.0%
78th	Papua New Guinea	91.07%	4.3%
79th	Iraq	93.62%	6.0%
80th	Netherlands	94.60%	9.4%
81st	Togo	94.74%	-5.9%
82nd	Mauritius	95.80%	-1.7%
83rd	Tonga	95.88%	-0.8%
84th	Gabon	95.89%	-11.8%
85th	Congo, Republic of	96.04%	-8.4%
86th	Honduras	97.29%	3.7%
87th	Gambia, The	98.21%	5.0%
88th	Somalia, Fed. Rep.	99.98%	21.9%
89th	Belgium	101.57%	10.0%
90th	Oman	101.78%	-4.9%
91st	Malaysia	103.15%	11.5%
92nd	Puerto Rico (US)	105.26%	3.8%
93rd	Ireland	105.30%	5.6%
94th	Kuwait	106.79%	-3.3%
95th	Cyprus	108.45%	3.0%
96th	Botswana	119.37%	-1.0%
97th	Jordan	121.47%	7.2%
98th	Guyana	129.03%	2.3%
99th	Bahamas, The	129.08%	-14.1%
100th	Panama	131.86%	4.8%
101st	Lesotho	145.72%	35.1%
102nd	Kiribati	149.46%	19.6%
103rd	Malta	164.01%	6.4%
104th	Luxembourg	173.32%	7.1%
105th	Hong Kong SAR, China	177.97%	4.6%
106th	Singapore	375.01%	12.1%

FAQ

What was Iceland's trade openness in 1979?▾

Iceland's trade openness in 1979 was 71.24%. This ranked 66th globally.

How did Iceland's trade openness change in 1979?▾

Iceland's trade openness increased by 6.6% in 1979 compared to 1978.

Which country had the highest trade openness in 1979?▾

Singapore had the highest trade openness in 1979 at 375.01%.

What is the trade openness of Iceland in 1979?▾

The trade openness of Iceland in 1979 was 71.24%. This ranked 66th globally.

How does 1979 compare to 1978 for Iceland's trade openness?▾

Iceland's trade openness went from 66.81% in 1978 to 71.24% in 1979, a 6.6% increase.

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