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Iceland - Trade Openness 1994

Name: Iceland Trade Openness 1994
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

63.29% +3.81% from 1993 Global rank: 78th

Iceland's trade openness was 63.29% in 1994, increased +3.81% from 59.48% in 1993. This was the 78th highest globally.

Global Ranking - 1994▾

Trade Openness by Country - 1994
Rank	Country	Value	YoY
1st	Iraq	0.10%	-81.7%
2nd	Sudan	14.61%	27.4%
3rd	Japan	15.81%	0.6%
4th	Argentina	18.13%	11.8%
5th	Brazil	18.67%	-4.7%
6th	India	20.08%	2.2%
7th	United States	21.06%	5.0%
8th	Bangladesh	22.87%	-1.1%
9th	French Polynesia	27.19%	4.8%
10th	Cuba	27.78%	-3.9%
11th	Uganda	27.84%	-1.4%
12th	Peru	28.92%	0.5%
13th	Mexico	29.16%	11.4%
14th	Haiti	31.13%	-36.1%
15th	Guinea	33.34%	-11.0%
16th	Niger	33.64%	28.9%
17th	Pakistan	35.06%	-8.9%
18th	Greece	35.22%	-2.3%
19th	China	35.61%	-0.8%
20th	Comoros	35.76%	0.0%
21st	Colombia	35.92%	-0.7%
22nd	Australia	36.41%	3.0%
23rd	Cameroon	36.96%	41.3%
24th	South Africa	37.11%	4.0%
25th	Nicaragua	39.08%	-42.8%
26th	Burkina Faso	39.23%	32.4%
27th	Uruguay	40.15%	3.8%
28th	Italy	40.36%	7.1%
29th	Germany	41.10%	3.4%
30th	Iran, Islamic Republic of	41.61%	-9.6%
31st	Spain	41.70%	12.7%
32nd	Türkiye	41.75%	26.4%
33rd	New Caledonia	42.06%	-3.0%
34th	Guatemala	42.37%	-3.2%
35th	Congo, Democratic Republic of	42.52%	-
36th	Madagascar	43.56%	32.5%
37th	France	43.75%	4.9%
38th	Ecuador	43.78%	1.4%
39th	Mali	44.06%	23.1%
40th	Tanzania	44.24%	-2.2%
41st	Morocco	47.31%	-4.7%
42nd	Korea	47.74%	5.1%
43rd	Central African Republic	48.42%	21.1%
44th	Algeria	48.58%	8.2%
45th	Bolivia, Plurinational State of	48.86%	2.9%
46th	Gambia, The	49.92%	-22.8%
47th	Seychelles	50.07%	-13.5%
48th	Nepal	50.43%	6.9%
49th	Egypt, Arab Republic of	50.63%	-9.5%
50th	Guinea-Bissau	50.76%	22.1%
51st	Russian Federation	50.95%	-25.8%
52nd	Chad	50.99%	19.6%
53rd	Romania	51.87%	1.7%
54th	Indonesia	51.88%	2.7%
55th	United Kingdom	51.89%	4.3%
56th	Philippines	52.53%	4.1%
57th	Chile	52.81%	-0.2%
58th	Albania	53.10%	-34.0%
59th	Libya	53.15%	-11.1%
60th	European Union	54.46%	5.1%
61st	Senegal	54.74%	41.2%
62nd	El Salvador	55.15%	3.0%
63rd	Sierra Leone	55.16%	4.4%
64th	Azerbaijan	55.35%	-58.5%
65th	Hungary	56.31%	5.4%
66th	Portugal	57.18%	5.5%
67th	Togo	57.56%	34.8%
68th	Mozambique	58.74%	6.3%
69th	New Zealand	58.81%	2.2%
70th	Israel	59.79%	-0.4%
71st	Saudi Arabia	60.07%	-11.4%
72nd	Ghana	62.02%	9.4%
73rd	Finland	62.50%	7.3%
74th	Mauritania	62.69%	36.0%
75th	Oman	62.69%	-3.7%
76th	Brunei Darussalam	62.87%	-10.8%
77th	Tonga	62.96%	-6.6%
78th	Iceland	63.29%	6.4%
79th	Sweden	63.95%	9.8%
80th	Canada	64.39%	10.5%
81st	Benin	64.40%	16.3%
82nd	Cambodia	64.47%	32.3%
83rd	Lao PDR	64.81%	23.1%
84th	Austria	66.25%	4.3%
85th	Zambia	66.65%	-
86th	Norway	67.63%	0.6%
87th	Denmark	67.84%	3.4%
88th	Yemen, Republic of	68.96%	18.6%
89th	Côte d'Ivoire	69.84%	26.2%
90th	Lebanon	70.27%	-8.0%
91st	Rwanda	71.10%	176.9%
92nd	Zimbabwe	71.12%	12.6%
93rd	Kenya	71.27%	-2.2%
94th	Cabo Verde	71.56%	18.7%
95th	Bhutan	72.10%	-8.5%
96th	Kyrgyz Republic	73.83%	-1.2%
97th	Ukraine	73.94%	42.0%
98th	Czechia	74.80%	-4.3%
99th	Faroe Islands	75.76%	4.2%
100th	Switzerland	76.16%	-2.0%
101st	Dominican Republic	77.16%	-1.1%
102nd	Viet Nam	77.47%	17.0%
103rd	Costa Rica	78.00%	-1.7%
104th	Syrian Arab Republic	78.45%	14.1%
105th	Qatar	78.65%	-
106th	Sri Lanka	79.43%	3.0%
107th	Belize	80.88%	6.8%
108th	Thailand	81.25%	4.5%
109th	North Macedonia	82.34%	-14.6%
110th	Kiribati	82.95%	-15.5%
111th	Kazakhstan	84.18%	-0.5%
112th	Tajikistan	86.37%	23.0%
113th	West Bank and Gaza	86.46%	-
114th	Botswana	88.18%	2.3%
115th	Namibia	89.49%	-6.9%
116th	Bulgaria	90.72%	7.9%
117th	Tunisia	92.80%	5.0%
118th	Vanuatu	92.87%	-2.2%
119th	Kuwait	93.18%	1.2%
120th	Papua New Guinea	93.30%	4.1%
121st	Cyprus	95.78%	0.4%
122nd	Puerto Rico (US)	96.77%	-1.2%
123rd	Slovenia	97.12%	1.1%
124th	Mongolia	99.16%	-23.6%
125th	Gabon	99.93%	19.9%
126th	Bosnia and Herzegovina	101.85%	-
127th	Netherlands	103.05%	4.1%
128th	Bahamas, The	104.40%	1.0%
129th	Slovak Republic	107.06%	-3.4%
130th	Eritrea	110.88%	8.6%
131st	Armenia	112.43%	4.1%
132nd	Belgium	113.23%	3.9%
133rd	Honduras	114.44%	16.5%
134th	Jordan	118.34%	-9.3%
135th	Mauritius	120.56%	-0.3%
136th	Paraguay	123.08%	8.3%
137th	Ireland	126.49%	8.5%
138th	Macao SAR, China	130.41%	-3.1%
139th	Congo, Republic of	132.74%	78.9%
140th	Bahrain	136.47%	-5.7%
141st	Solomon Islands	136.81%	-15.3%
142nd	Panama	143.61%	2.8%
143rd	Estonia	148.14%	12.1%
144th	Belarus	155.38%	2.9%
145th	Georgia	166.90%	40.7%
146th	Turkmenistan	170.26%	16.6%
147th	Malaysia	179.90%	13.9%
148th	Malta	181.70%	1.6%
149th	Luxembourg	185.79%	2.4%
150th	Guyana	222.07%	-9.5%
151st	Hong Kong SAR, China	237.43%	1.5%
152nd	Singapore	316.22%	0.9%

FAQ

What was Iceland's trade openness in 1994?▾

Iceland's trade openness in 1994 was 63.29%. This ranked 78th globally.

How did Iceland's trade openness change in 1994?▾

Iceland's trade openness increased by 6.4% in 1994 compared to 1993.

Which country had the highest trade openness in 1994?▾

Singapore had the highest trade openness in 1994 at 316.22%.

What is the trade openness of Iceland in 1994?▾

The trade openness of Iceland in 1994 was 63.29%. This ranked 78th globally.

How does 1994 compare to 1993 for Iceland's trade openness?▾

Iceland's trade openness went from 59.48% in 1993 to 63.29% in 1994, a 6.4% increase.

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