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Iceland - Trade Openness 1997

Name: Iceland Trade Openness 1997
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

69.26% +0.56% from 1996 Global rank: 80th

Iceland's trade openness was 69.26% in 1997, increased +0.56% from 68.70% in 1996. This was the 80th highest globally.

Global Ranking - 1997▾

Trade Openness by Country - 1997
Rank	Country	Value	YoY
1st	Brazil	16.58%	6.0%
2nd	Sudan	17.86%	-10.8%
3rd	Japan	19.78%	8.4%
4th	India	22.62%	3.1%
5th	Argentina	23.34%	8.5%
6th	United States	23.43%	3.3%
7th	Bangladesh	26.33%	1.0%
8th	Sierra Leone	28.28%	-43.0%
9th	Tanzania	28.86%	-19.2%
10th	French Polynesia	28.99%	2.2%
11th	Guinea	29.09%	-2.6%
12th	Iran, Islamic Republic of	32.65%	-7.3%
13th	Serbia	32.68%	19.6%
14th	Cuba	32.75%	0.4%
15th	Niger	33.17%	-9.2%
16th	Rwanda	33.47%	3.8%
17th	Peru	33.47%	5.7%
18th	Congo, Democratic Republic of	33.75%	-44.0%
19th	Uganda	34.16%	-3.5%
20th	China	34.31%	2.0%
21st	Colombia	35.60%	-1.2%
22nd	Comoros	35.76%	0.0%
23rd	Pakistan	36.85%	-3.9%
24th	Madagascar	36.87%	2.8%
25th	Haiti	36.89%	-8.3%
26th	Burkina Faso	37.42%	-2.0%
27th	Uruguay	37.71%	-4.6%
28th	Australia	37.92%	-0.7%
29th	Greece	39.44%	7.1%
30th	Guatemala	41.55%	2.9%
31st	South Africa	42.30%	0.2%
32nd	Türkiye	42.76%	7.9%
33rd	Mozambique	43.30%	-15.1%
34th	Egypt, Arab Republic of	43.74%	-6.8%
35th	Italy	44.48%	3.9%
36th	New Caledonia	44.71%	3.8%
37th	Albania	44.73%	0.7%
38th	Ecuador	45.02%	1.8%
39th	Mali	45.05%	15.5%
40th	Mexico	46.49%	-2.7%
41st	Senegal	47.24%	2.1%
42nd	Russian Federation	47.26%	-1.4%
43rd	Gambia, The	48.32%	-5.2%
44th	Germany	48.38%	10.2%
45th	Cameroon	48.47%	7.4%
46th	Libya	48.63%	-7.4%
47th	Chad	49.31%	5.8%
48th	France	49.80%	8.0%
49th	Poland	50.38%	11.0%
50th	Bolivia, Plurinational State of	50.47%	1.2%
51st	United Kingdom	50.70%	-2.6%
52nd	Morocco	51.15%	8.6%
53rd	Spain	51.23%	10.6%
54th	Algeria	52.24%	-2.7%
55th	Togo	53.21%	-10.4%
56th	Côte d'Ivoire	54.01%	2.3%
57th	Kenya	54.06%	-5.7%
58th	Chile	54.10%	0.3%
59th	New Zealand	55.25%	0.2%
60th	Central African Republic	55.82%	18.5%
61st	Korea	55.89%	8.3%
62nd	Indonesia	55.99%	7.1%
63rd	Uzbekistan	57.20%	-
64th	Israel	57.57%	-1.0%
65th	Georgia	57.75%	26.4%
66th	Nicaragua	58.01%	19.6%
67th	Zambia	58.27%	-8.7%
68th	Benin	58.71%	3.9%
69th	European Union	61.92%	7.1%
70th	Lebanon	62.09%	-8.8%
71st	Portugal	62.30%	3.5%
72nd	Mauritania	62.75%	-10.9%
73rd	Romania	63.21%	4.0%
74th	El Salvador	63.56%	15.0%
75th	Nepal	64.04%	9.5%
76th	Lao PDR	65.16%	2.2%
77th	Saudi Arabia	65.19%	-2.2%
78th	Syrian Arab Republic	66.22%	-5.3%
79th	Finland	68.25%	3.7%
80th	Iceland	69.26%	0.8%
81st	Guinea-Bissau	69.49%	64.0%
82nd	Denmark	71.29%	4.0%
83rd	Oman	71.59%	3.2%
84th	North Macedonia	71.83%	24.0%
85th	Tonga	71.85%	-7.7%
86th	Sweden	71.99%	8.3%
87th	Norway	72.15%	2.8%
88th	Kazakhstan	72.36%	1.5%
89th	Dominican Republic	74.23%	2.2%
90th	Canada	74.34%	5.8%
91st	Croatia	74.88%	11.7%
92nd	Austria	75.24%	6.8%
93rd	Seychelles	76.65%	-21.8%
94th	Brunei Darussalam	77.15%	-4.1%
95th	Philippines	77.23%	20.9%
96th	Armenia	78.55%	-0.9%
97th	Cambodia	78.93%	14.1%
98th	Bahamas, The	79.73%	-24.7%
99th	Sri Lanka	80.14%	1.6%
100th	Yemen, Republic of	80.15%	-6.7%
101st	Tunisia	80.50%	-6.1%
102nd	Azerbaijan	82.08%	1.5%
103rd	Zimbabwe	82.20%	14.1%
104th	Czechia	84.15%	4.4%
105th	Ukraine	84.24%	-10.2%
106th	Qatar	84.45%	1.1%
107th	Kyrgyz Republic	84.48%	-3.2%
108th	Bhutan	85.21%	0.7%
109th	Ghana	85.40%	18.3%
110th	Belize	85.45%	7.4%
111th	Cabo Verde	85.98%	13.9%
112th	Bulgaria	86.46%	0.7%
113th	Costa Rica	87.61%	4.2%
114th	Switzerland	88.47%	12.3%
115th	West Bank and Gaza	90.34%	1.2%
116th	Latvia	90.93%	-1.8%
117th	Kuwait	92.44%	1.1%
118th	Namibia	92.84%	-3.8%
119th	Kiribati	93.82%	8.2%
120th	Puerto Rico (US)	94.08%	1.6%
121st	Viet Nam	94.34%	1.8%
122nd	Hungary	94.69%	14.1%
123rd	Thailand	95.05%	12.8%
124th	Paraguay	95.93%	-6.9%
125th	Vanuatu	96.20%	3.5%
126th	Slovenia	96.43%	2.9%
127th	Faroe Islands	97.63%	-1.1%
128th	Gabon	98.54%	3.0%
129th	Papua New Guinea	99.21%	-8.0%
130th	Lithuania	99.65%	7.4%
131st	Mongolia	99.99%	28.2%
132nd	Bosnia and Herzegovina	100.63%	-6.4%
133rd	Solomon Islands	100.91%	2.1%
134th	Turkmenistan	103.69%	-32.0%
135th	Iraq	106.19%	394,820.6%
136th	Micronesia, Federated States of	107.14%	4.0%
137th	Marshall Islands	107.52%	-5.1%
138th	Botswana	108.60%	19.4%
139th	Netherlands	114.30%	5.2%
140th	Eritrea	115.41%	-1.0%
141st	Slovak Republic	117.29%	5.8%
142nd	Jordan	120.74%	-7.9%
143rd	Honduras	121.47%	-1.0%
144th	Macao SAR, China	123.27%	0.8%
145th	Belarus	125.52%	29.7%
146th	Belgium	125.69%	5.4%
147th	Mauritius	126.11%	0.0%
148th	Moldova	127.56%	-1.3%
149th	Bahrain	130.67%	-9.5%
150th	Congo, Republic of	135.76%	5.7%
151st	Cyprus	139.76%	-0.8%
152nd	Ireland	142.27%	2.4%
153rd	Estonia	151.05%	13.6%
154th	Malta	155.66%	-5.1%
155th	Aruba	168.78%	-3.7%
156th	Panama	174.71%	5.5%
157th	Tajikistan	181.59%	15.9%
158th	Malaysia	185.67%	2.1%
159th	Guyana	209.14%	-1.0%
160th	Luxembourg	212.09%	8.4%
161st	Hong Kong SAR, China	233.44%	-4.7%
162nd	Singapore	323.86%	-3.3%

FAQ

What was Iceland's trade openness in 1997?▾

Iceland's trade openness in 1997 was 69.26%. This ranked 80th globally.

How did Iceland's trade openness change in 1997?▾

Iceland's trade openness increased by 0.8% in 1997 compared to 1996.

Which country had the highest trade openness in 1997?▾

Singapore had the highest trade openness in 1997 at 323.86%.

What is the trade openness of Iceland in 1997?▾

The trade openness of Iceland in 1997 was 69.26%. This ranked 80th globally.

How does 1997 compare to 1996 for Iceland's trade openness?▾

Iceland's trade openness went from 68.70% in 1996 to 69.26% in 1997, a 0.8% increase.

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