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Iceland - Trade Openness 1995

Name: Iceland Trade Openness 1995
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

64.30% +1.01% from 1994 Global rank: 79th

Iceland's trade openness was 64.30% in 1995, increased +1.01% from 63.29% in 1994. This was the 79th highest globally.

Global Ranking - 1995▾

Trade Openness by Country - 1995
Rank	Country	Value	YoY
1st	Iraq	0.02%	-78.9%
2nd	Serbia	12.57%	-
3rd	Sudan	14.77%	1.1%
4th	Japan	16.39%	3.7%
5th	Brazil	16.98%	-9.1%
6th	Argentina	19.77%	9.0%
7th	United States	22.45%	6.6%
8th	India	22.87%	13.9%
9th	French Polynesia	26.78%	-1.5%
10th	Bangladesh	28.21%	23.4%
11th	Cuba	29.31%	5.5%
12th	Peru	30.93%	6.9%
13th	Rwanda	30.97%	-56.4%
14th	Guinea	31.30%	-6.1%
15th	Uganda	32.62%	17.2%
16th	China	34.10%	-4.2%
17th	Niger	34.78%	3.4%
18th	Iran, Islamic Republic of	35.14%	-15.5%
19th	Colombia	35.50%	-1.2%
20th	Comoros	35.76%	0.0%
21st	Türkiye	35.99%	-13.8%
22nd	Greece	36.13%	2.6%
23rd	Pakistan	36.13%	3.1%
24th	Cameroon	36.68%	-0.8%
25th	Australia	37.65%	3.4%
26th	Haiti	37.85%	21.6%
27th	Uruguay	38.10%	-5.1%
28th	South Africa	39.48%	6.4%
29th	Albania	40.14%	-24.4%
30th	Burkina Faso	40.75%	3.9%
31st	New Caledonia	41.95%	-0.3%
32nd	Germany	42.61%	3.7%
33rd	Poland	43.56%	-
34th	Mexico	43.67%	49.8%
35th	Nicaragua	44.04%	12.7%
36th	Guatemala	44.69%	5.5%
37th	Spain	44.83%	7.5%
38th	Sierra Leone	45.03%	-18.4%
39th	Mali	45.08%	2.3%
40th	Tanzania	45.16%	2.1%
41st	Madagascar	45.37%	4.2%
42nd	France	45.43%	3.8%
43rd	Italy	45.58%	12.9%
44th	Ecuador	45.91%	4.9%
45th	Guinea-Bissau	46.81%	-7.8%
46th	Bolivia, Plurinational State of	49.74%	1.8%
47th	Egypt, Arab Republic of	50.25%	-0.8%
48th	Central African Republic	50.48%	4.3%
49th	United Kingdom	50.83%	-2.0%
50th	Korea	51.40%	7.7%
51st	Libya	51.59%	-2.9%
52nd	Morocco	51.72%	9.3%
53rd	Congo, Democratic Republic of	52.21%	22.8%
54th	Senegal	52.73%	-3.7%
55th	Seychelles	53.39%	6.6%
56th	Indonesia	53.96%	4.0%
57th	Chile	54.69%	3.6%
58th	Russian Federation	55.18%	8.3%
59th	Algeria	55.19%	13.6%
60th	Bulgaria	55.26%	-39.1%
61st	Togo	55.60%	-3.4%
62nd	Chad	55.70%	9.2%
63rd	Romania	56.29%	8.5%
64th	New Zealand	56.91%	-3.2%
65th	European Union	57.07%	4.8%
66th	Philippines	57.33%	9.1%
67th	Ghana	57.42%	-7.4%
68th	Gambia, The	59.28%	18.8%
69th	El Salvador	59.36%	7.6%
70th	Israel	59.39%	-0.7%
71st	Nepal	59.49%	18.0%
72nd	Portugal	59.91%	4.8%
73rd	Lao PDR	60.55%	-6.6%
74th	Croatia	62.80%	-
75th	Mozambique	63.77%	8.6%
76th	Benin	63.80%	-0.9%
77th	Finland	64.14%	2.6%
78th	Oman	64.15%	2.3%
79th	Iceland	64.30%	1.6%
80th	Saudi Arabia	65.04%	8.3%
81st	Norway	67.30%	-0.5%
82nd	Georgia	67.83%	-59.4%
83rd	Austria	68.53%	3.4%
84th	Denmark	68.57%	1.1%
85th	Sweden	68.68%	7.4%
86th	Syrian Arab Republic	68.98%	-12.1%
87th	Canada	69.06%	7.3%
88th	Zambia	69.23%	3.9%
89th	Brunei Darussalam	71.04%	13.0%
90th	Tonga	71.12%	13.0%
91st	Kenya	71.75%	0.7%
92nd	Kyrgyz Republic	71.82%	-2.7%
93rd	North Macedonia	72.04%	-12.5%
94th	Lebanon	73.14%	4.1%
95th	Mauritania	73.42%	17.1%
96th	Dominican Republic	73.90%	-4.2%
97th	Viet Nam	74.72%	-3.6%
98th	Faroe Islands	75.70%	-0.1%
99th	Côte d'Ivoire	76.20%	9.1%
100th	Latvia	76.25%	-
101st	Switzerland	76.25%	0.1%
102nd	Belize	77.34%	-4.4%
103rd	Cabo Verde	77.52%	8.3%
104th	Cambodia	77.77%	20.6%
105th	Hungary	78.18%	38.8%
106th	Zimbabwe	79.16%	11.3%
107th	Costa Rica	79.77%	2.3%
108th	Sri Lanka	81.64%	2.8%
109th	Mongolia	82.10%	-17.2%
110th	Kazakhstan	82.52%	-2.0%
111th	Czechia	82.90%	10.8%
112th	Bhutan	83.88%	16.3%
113th	Lithuania	84.54%	-
114th	Azerbaijan	85.89%	55.2%
115th	Armenia	86.11%	-23.4%
116th	Yemen, Republic of	87.44%	26.8%
117th	Qatar	87.67%	11.5%
118th	Thailand	89.76%	10.5%
119th	Micronesia, Federated States of	90.94%	-18.1%
120th	West Bank and Gaza	91.49%	5.8%
121st	Bosnia and Herzegovina	91.88%	-9.8%
122nd	Vanuatu	91.96%	-1.0%
123rd	Slovenia	93.05%	-4.2%
124th	Namibia	93.56%	4.5%
125th	Tunisia	93.71%	1.0%
126th	Kuwait	94.32%	1.2%
127th	Botswana	94.60%	7.3%
128th	Gabon	95.13%	-4.8%
129th	Ukraine	97.23%	31.5%
130th	Puerto Rico (US)	99.95%	3.3%
131st	Kiribati	101.96%	22.9%
132nd	Belarus	103.72%	-33.2%
133rd	Bahamas, The	104.47%	0.1%
134th	Papua New Guinea	104.74%	12.3%
135th	Eritrea	105.32%	-5.0%
136th	Marshall Islands	106.86%	-
137th	Slovak Republic	107.24%	0.2%
138th	Netherlands	107.92%	4.7%
139th	Solomon Islands	114.21%	-16.5%
140th	Honduras	114.54%	0.1%
141st	Belgium	116.38%	2.8%
142nd	Paraguay	118.06%	-4.1%
143rd	Mauritius	118.15%	-2.0%
144th	Jordan	124.58%	5.3%
145th	Macao SAR, China	125.37%	-3.9%
146th	Moldova	128.02%	-
147th	Congo, Republic of	128.31%	-3.3%
148th	Bahrain	134.09%	-1.7%
149th	Cyprus	134.39%	40.3%
150th	Ireland	136.10%	7.6%
151st	Tajikistan	137.52%	59.2%
152nd	Estonia	139.09%	-6.1%
153rd	Panama	146.91%	2.3%
154th	Turkmenistan	168.18%	-1.2%
155th	Aruba	171.36%	-
156th	Malta	177.06%	-2.6%
157th	Luxembourg	189.54%	2.0%
158th	Malaysia	192.11%	6.8%
159th	Guyana	213.33%	-3.9%
160th	Hong Kong SAR, China	256.90%	8.2%
161st	Singapore	345.46%	9.2%

FAQ

What was Iceland's trade openness in 1995?▾

Iceland's trade openness in 1995 was 64.30%. This ranked 79th globally.

How did Iceland's trade openness change in 1995?▾

Iceland's trade openness increased by 1.6% in 1995 compared to 1994.

Which country had the highest trade openness in 1995?▾

Singapore had the highest trade openness in 1995 at 345.46%.

What is the trade openness of Iceland in 1995?▾

The trade openness of Iceland in 1995 was 64.30%. This ranked 79th globally.

How does 1995 compare to 1994 for Iceland's trade openness?▾

Iceland's trade openness went from 63.29% in 1994 to 64.30% in 1995, a 1.6% increase.

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