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Iceland - Trade Openness 1996

Name: Iceland Trade Openness 1996
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

68.70% +4.39% from 1995 Global rank: 84th

Iceland's trade openness was 68.70% in 1996, increased +4.39% from 64.30% in 1995. This was the 84th highest globally.

Global Ranking - 1996▾

Trade Openness by Country - 1996
Rank	Country	Value	YoY
1st	Iraq	0.03%	28.0%
2nd	Brazil	15.64%	-7.9%
3rd	Japan	18.25%	11.4%
4th	Sudan	20.03%	35.6%
5th	Argentina	21.51%	8.8%
6th	India	21.93%	-4.1%
7th	United States	22.69%	1.0%
8th	Bangladesh	26.08%	-7.6%
9th	Serbia	27.32%	117.3%
10th	French Polynesia	28.37%	5.9%
11th	Guinea	29.86%	-4.6%
12th	Peru	31.65%	2.4%
13th	Rwanda	32.23%	4.1%
14th	Cuba	32.63%	11.3%
15th	China	33.63%	-1.4%
16th	Iran, Islamic Republic of	35.22%	0.2%
17th	Uganda	35.39%	8.5%
18th	Tanzania	35.73%	-20.9%
19th	Comoros	35.76%	0.0%
20th	Madagascar	35.88%	-20.9%
21st	Colombia	36.04%	1.5%
22nd	Niger	36.54%	5.1%
23rd	Greece	36.82%	1.9%
24th	Australia	38.17%	1.4%
25th	Burkina Faso	38.18%	-6.3%
26th	Pakistan	38.33%	6.1%
27th	Mali	38.99%	-13.5%
28th	Uruguay	39.53%	3.8%
29th	Türkiye	39.65%	10.2%
30th	Haiti	40.22%	6.3%
31st	Guatemala	40.39%	-9.6%
32nd	South Africa	42.20%	6.9%
33rd	Guinea-Bissau	42.36%	-9.5%
34th	Italy	42.80%	-6.1%
35th	New Caledonia	43.09%	2.7%
36th	Germany	43.90%	3.0%
37th	Ecuador	44.22%	-3.7%
38th	Albania	44.41%	10.6%
39th	Cameroon	45.12%	23.0%
40th	Poland	45.38%	4.2%
41st	Georgia	45.70%	-32.6%
42nd	France	46.11%	1.5%
43rd	Senegal	46.27%	-12.2%
44th	Spain	46.30%	3.3%
45th	Chad	46.61%	-16.3%
46th	Egypt, Arab Republic of	46.95%	-6.6%
47th	Central African Republic	47.08%	-6.7%
48th	Morocco	47.10%	-8.9%
49th	Mexico	47.77%	9.4%
50th	Russian Federation	47.92%	-13.2%
51st	Nicaragua	48.48%	10.1%
52nd	Sierra Leone	49.60%	10.1%
53rd	Bolivia, Plurinational State of	49.86%	0.2%
54th	Gambia, The	50.95%	-14.0%
55th	Mozambique	51.03%	-20.0%
56th	Korea	51.61%	0.4%
57th	United Kingdom	52.06%	2.4%
58th	Indonesia	52.26%	-3.1%
59th	Libya	52.55%	1.8%
60th	Côte d'Ivoire	52.80%	-30.7%
61st	Algeria	53.71%	-2.7%
62nd	Chile	53.92%	-1.4%
63rd	New Zealand	55.12%	-3.2%
64th	El Salvador	55.28%	-6.9%
65th	Benin	56.52%	-11.4%
66th	Kenya	57.31%	-20.1%
67th	European Union	57.82%	1.3%
68th	North Macedonia	57.92%	-19.6%
69th	Israel	58.13%	-2.1%
70th	Nepal	58.46%	-1.7%
71st	Togo	59.41%	6.8%
72nd	Portugal	60.21%	0.5%
73rd	Congo, Democratic Republic of	60.32%	15.5%
74th	Romania	60.78%	8.0%
75th	Lao PDR	63.76%	5.3%
76th	Zambia	63.82%	-7.8%
77th	Philippines	63.86%	11.4%
78th	Finland	65.79%	2.6%
79th	Sweden	66.51%	-3.2%
80th	Saudi Arabia	66.65%	2.5%
81st	Croatia	67.05%	6.8%
82nd	Lebanon	68.10%	-6.9%
83rd	Denmark	68.53%	-0.1%
84th	Iceland	68.70%	6.8%
85th	Cambodia	69.16%	-11.1%
86th	Oman	69.39%	8.2%
87th	Syrian Arab Republic	69.91%	1.4%
88th	Norway	70.20%	4.3%
89th	Canada	70.26%	1.7%
90th	Mauritania	70.46%	-4.0%
91st	Austria	70.47%	2.8%
92nd	Kazakhstan	71.27%	-13.6%
93rd	Zimbabwe	72.07%	-9.0%
94th	Ghana	72.20%	25.7%
95th	Dominican Republic	72.64%	-1.7%
96th	Cabo Verde	75.49%	-2.6%
97th	Tonga	77.83%	9.4%
98th	Mongolia	77.97%	-5.0%
99th	Switzerland	78.75%	3.3%
100th	Sri Lanka	78.87%	-3.4%
101st	Armenia	79.23%	-8.0%
102nd	Belize	79.57%	2.9%
103rd	Brunei Darussalam	80.49%	13.3%
104th	Czechia	80.60%	-2.8%
105th	Azerbaijan	80.85%	-5.9%
106th	Hungary	83.02%	6.2%
107th	Qatar	83.51%	-4.7%
108th	Costa Rica	84.06%	5.4%
109th	Thailand	84.27%	-6.1%
110th	Bhutan	84.63%	0.9%
111th	Tunisia	85.72%	-8.5%
112th	Bulgaria	85.82%	55.3%
113th	Yemen, Republic of	85.94%	-1.7%
114th	Kiribati	86.68%	-15.0%
115th	Kyrgyz Republic	87.30%	21.5%
116th	West Bank and Gaza	89.27%	-2.4%
117th	Botswana	90.96%	-3.8%
118th	Kuwait	91.47%	-3.0%
119th	Latvia	92.56%	21.4%
120th	Puerto Rico (US)	92.64%	-7.3%
121st	Viet Nam	92.71%	24.1%
122nd	Lithuania	92.81%	9.8%
123rd	Vanuatu	92.94%	1.1%
124th	Slovenia	93.67%	0.7%
125th	Ukraine	93.86%	-3.5%
126th	Gabon	95.67%	0.6%
127th	Namibia	96.54%	3.2%
128th	Belarus	96.77%	-6.7%
129th	Seychelles	98.06%	83.6%
130th	Faroe Islands	98.76%	30.5%
131st	Solomon Islands	98.80%	-13.5%
132nd	Micronesia, Federated States of	102.98%	13.2%
133rd	Paraguay	103.04%	-12.7%
134th	Bahamas, The	105.86%	1.3%
135th	Bosnia and Herzegovina	107.50%	17.0%
136th	Papua New Guinea	107.80%	2.9%
137th	Netherlands	108.66%	0.7%
138th	Slovak Republic	110.82%	3.3%
139th	Marshall Islands	113.29%	6.0%
140th	Eritrea	116.62%	10.7%
141st	Belgium	119.21%	2.4%
142nd	Macao SAR, China	122.34%	-2.4%
143rd	Honduras	122.73%	7.1%
144th	Mauritius	126.16%	6.8%
145th	Congo, Republic of	128.41%	0.1%
146th	Moldova	129.24%	1.0%
147th	Jordan	131.06%	5.2%
148th	Estonia	132.98%	-4.4%
149th	Ireland	138.87%	2.0%
150th	Cyprus	140.85%	4.8%
151st	Bahrain	144.33%	7.6%
152nd	Turkmenistan	152.52%	-9.3%
153rd	Tajikistan	156.67%	13.9%
154th	Malta	164.10%	-7.3%
155th	Panama	165.61%	12.7%
156th	Aruba	175.34%	2.3%
157th	Malaysia	181.77%	-5.4%
158th	Luxembourg	195.64%	3.2%
159th	Guyana	211.34%	-0.9%
160th	Hong Kong SAR, China	244.85%	-4.7%
161st	Singapore	334.91%	-3.1%

FAQ

What was Iceland's trade openness in 1996?▾

Iceland's trade openness in 1996 was 68.70%. This ranked 84th globally.

How did Iceland's trade openness change in 1996?▾

Iceland's trade openness increased by 6.8% in 1996 compared to 1995.

Which country had the highest trade openness in 1996?▾

Singapore had the highest trade openness in 1996 at 334.91%.

What is the trade openness of Iceland in 1996?▾

The trade openness of Iceland in 1996 was 68.70%. This ranked 84th globally.

How does 1996 compare to 1995 for Iceland's trade openness?▾

Iceland's trade openness went from 64.30% in 1995 to 68.70% in 1996, a 6.8% increase.

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