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Iceland - Trade Openness 1992

Name: Iceland Trade Openness 1992
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

57.86% −3.01% from 1991 Global rank: 73rd

Iceland's trade openness was 57.86% in 1992, decreased +3.01% from 60.87% in 1991. This was the 73rd highest globally.

Global Ranking - 1992▾

Trade Openness by Country - 1992
Rank	Country	Value	YoY
1st	Iraq	1.92%	-49.3%
2nd	Argentina	14.73%	7.1%
3rd	Japan	17.02%	-4.2%
4th	India	18.43%	8.5%
5th	Brazil	19.25%	16.0%
6th	Sudan	19.67%	30.5%
7th	Bangladesh	19.93%	5.5%
8th	United States	19.95%	0.8%
9th	Rwanda	23.83%	-6.1%
10th	French Polynesia	25.43%	-9.5%
11th	Peru	27.98%	4.9%
12th	Burkina Faso	28.37%	-16.0%
13th	Niger	28.71%	-5.4%
14th	China	30.03%	16.1%
15th	Türkiye	31.74%	4.1%
16th	Haiti	32.54%	-18.3%
17th	Australia	33.00%	2.7%
18th	Uganda	33.05%	12.4%
19th	Madagascar	33.16%	-7.3%
20th	Colombia	33.61%	0.2%
21st	South Africa	34.32%	-1.6%
22nd	Italy	34.83%	3.1%
23rd	Guinea	34.94%	-16.4%
24th	Cuba	35.15%	-31.1%
25th	Mexico	35.55%	-0.7%
26th	Tanzania	35.67%	18.0%
27th	Comoros	35.76%	0.0%
28th	Chad	35.90%	-1.2%
29th	Spain	36.02%	1.4%
30th	Pakistan	37.69%	6.4%
31st	Greece	37.79%	0.7%
32nd	Mali	37.97%	5.0%
33rd	Cameroon	38.86%	12.2%
34th	Uruguay	40.07%	3.9%
35th	Iran, Islamic Republic of	40.40%	-8.6%
36th	Senegal	41.46%	-1.7%
37th	Nepal	41.70%	20.2%
38th	Mauritania	42.33%	-24.2%
39th	Central African Republic	43.23%	-1.1%
40th	France	43.96%	-2.2%
41st	Lao PDR	44.13%	15.6%
42nd	Germany	44.68%	-6.2%
43rd	Ecuador	44.81%	-0.9%
44th	Philippines	44.99%	1.7%
45th	Guatemala	45.36%	14.8%
46th	New Caledonia	45.39%	-8.3%
47th	Ukraine	45.97%	-8.3%
48th	Ghana	45.99%	8.2%
49th	Yemen, Republic of	46.15%	-3.7%
50th	United Kingdom	46.31%	2.2%
51st	Korea	47.21%	-2.2%
52nd	El Salvador	48.68%	1.9%
53rd	Bolivia, Plurinational State of	49.11%	1.4%
54th	Algeria	49.19%	-6.7%
55th	Togo	49.66%	-16.5%
56th	Finland	50.24%	15.5%
57th	Morocco	50.26%	1.0%
58th	Sweden	50.85%	-0.6%
59th	Seychelles	52.40%	-6.5%
60th	Canada	52.74%	7.1%
61st	Kenya	52.93%	-4.8%
62nd	European Union	53.40%	-0.8%
63rd	Israel	54.91%	-1.5%
64th	Guinea-Bissau	55.01%	15.2%
65th	Hungary	55.29%	-5.0%
66th	Chile	55.54%	-3.4%
67th	Libya	56.06%	-13.2%
68th	Portugal	56.31%	-6.7%
69th	Eritrea	56.38%	-
70th	Benin	56.74%	10.5%
71st	Congo, Republic of	57.14%	-18.0%
72nd	Indonesia	57.43%	4.7%
73rd	Iceland	57.86%	-5.0%
74th	New Zealand	59.23%	8.4%
75th	Egypt, Arab Republic of	59.31%	-5.6%
76th	Mozambique	59.34%	19.9%
77th	Côte d'Ivoire	60.03%	5.3%
78th	Zimbabwe	63.71%	24.8%
79th	Syrian Arab Republic	63.89%	13.1%
80th	Romania	63.99%	63.5%
81st	Sierra Leone	64.49%	7.1%
82nd	Oman	64.73%	3.2%
83rd	Mongolia	65.30%	-52.2%
84th	Norway	66.71%	-4.1%
85th	Denmark	66.98%	-3.2%
86th	Gambia, The	67.44%	5.2%
87th	Austria	67.90%	-3.5%
88th	Brunei Darussalam	69.94%	11.1%
89th	Nicaragua	70.52%	-5.1%
90th	Tonga	72.63%	-13.0%
91st	Sri Lanka	72.80%	7.7%
92nd	Viet Nam	73.58%	9.9%
93rd	Saudi Arabia	75.09%	0.5%
94th	Costa Rica	76.10%	6.5%
95th	Thailand	77.95%	-0.7%
96th	Czechia	77.96%	10.2%
97th	Switzerland	78.88%	0.8%
98th	Gabon	79.87%	-0.8%
99th	Belize	80.35%	1.5%
100th	Dominican Republic	80.46%	-3.2%
101st	Lebanon	82.84%	-10.4%
102nd	Kyrgyz Republic	83.19%	15.5%
103rd	Cabo Verde	83.94%	3.7%
104th	Honduras	84.76%	-5.4%
105th	Faroe Islands	84.86%	3.9%
106th	Tunisia	86.00%	0.4%
107th	Paraguay	89.50%	0.4%
108th	Botswana	89.75%	-9.9%
109th	Bhutan	91.76%	20.8%
110th	Namibia	91.97%	-2.0%
111th	Papua New Guinea	93.55%	-0.9%
112th	Vanuatu	94.64%	0.4%
113th	Kuwait	94.69%	-33.6%
114th	Slovenia	98.39%	-24.4%
115th	Bulgaria	100.05%	21.0%
116th	Armenia	101.08%	0.2%
117th	Bahamas, The	101.46%	-4.4%
118th	Georgia	101.94%	72.3%
119th	Netherlands	102.08%	-3.0%
120th	North Macedonia	102.38%	120.8%
121st	Puerto Rico (US)	105.22%	-8.7%
122nd	Turkmenistan	105.31%	59.3%
123rd	Albania	108.79%	201.6%
124th	Ireland	109.55%	2.9%
125th	Cyprus	110.10%	5.7%
126th	Russian Federation	110.58%	321.1%
127th	Kiribati	111.77%	-16.7%
128th	Belgium	115.07%	-3.0%
129th	Belarus	117.39%	76.1%
130th	Mauritius	120.23%	-5.1%
131st	Slovak Republic	131.44%	51.5%
132nd	Jordan	131.64%	-4.1%
133rd	Azerbaijan	140.80%	62.1%
134th	Panama	144.88%	3.3%
135th	Macao SAR, China	147.12%	-12.7%
136th	Kazakhstan	149.34%	-
137th	Solomon Islands	149.79%	-10.9%
138th	Malaysia	150.61%	-5.5%
139th	Bahrain	159.29%	0.3%
140th	Malta	170.47%	3.2%
141st	Luxembourg	182.55%	-3.2%
142nd	Hong Kong SAR, China	240.13%	3.6%
143rd	Guyana	274.97%	23.5%
144th	Singapore	311.31%	-3.9%

FAQ

What was Iceland's trade openness in 1992?▾

Iceland's trade openness in 1992 was 57.86%. This ranked 73rd globally.

How did Iceland's trade openness change in 1992?▾

Iceland's trade openness decreased by 5.0% in 1992 compared to 1991.

Which country had the highest trade openness in 1992?▾

Singapore had the highest trade openness in 1992 at 311.31%.

What is the trade openness of Iceland in 1992?▾

The trade openness of Iceland in 1992 was 57.86%. This ranked 73rd globally.

How does 1992 compare to 1991 for Iceland's trade openness?▾

Iceland's trade openness went from 60.87% in 1991 to 57.86% in 1992, a 5.0% decrease.

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