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Iceland - Trade Openness 1999

Name: Iceland Trade Openness 1999
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

68.47% −2.30% from 1998 Global rank: 81st

Iceland's trade openness was 68.47% in 1999, decreased +2.30% from 70.77% in 1998. This was the 81st highest globally.

Global Ranking - 1999▾

Trade Openness by Country - 1999
Rank	Country	Value	YoY
1st	Japan	18.13%	-4.6%
2nd	Brazil	20.98%	27.6%
3rd	Argentina	21.38%	-8.4%
4th	United States	23.31%	2.1%
5th	Serbia	24.20%	-38.2%
6th	Sudan	24.71%	13.0%
7th	India	24.82%	4.7%
8th	Tanzania	25.02%	-4.3%
9th	Rwanda	27.33%	-5.1%
10th	French Polynesia	28.38%	-10.6%
11th	Bangladesh	28.39%	1.8%
12th	Niger	31.38%	-10.4%
13th	Cuba	31.87%	-2.0%
14th	Pakistan	32.32%	-5.0%
15th	Guinea	32.70%	-1.1%
16th	Peru	33.21%	0.8%
17th	China	33.23%	3.3%
18th	Uruguay	33.39%	-6.3%
19th	Sierra Leone	33.75%	-4.5%
20th	Libya	34.80%	-13.5%
21st	Iran, Islamic Republic of	34.89%	19.4%
22nd	Burkina Faso	35.25%	-13.9%
23rd	Comoros	35.76%	0.0%
24th	Uganda	36.02%	19.9%
25th	Colombia	36.15%	0.7%
26th	Uzbekistan	36.62%	-19.4%
27th	Cameroon	37.24%	-12.0%
28th	Türkiye	37.67%	-6.7%
29th	Egypt, Arab Republic of	38.36%	-8.5%
30th	Australia	38.96%	-2.4%
31st	Mali	40.54%	1.8%
32nd	Madagascar	40.92%	9.6%
33rd	Congo, Democratic Republic of	41.18%	-34.3%
34th	Haiti	41.95%	14.9%
35th	South Africa	42.26%	-4.0%
36th	Central African Republic	43.21%	-15.4%
37th	Bolivia, Plurinational State of	44.17%	-15.5%
38th	Italy	44.53%	-1.0%
39th	Mozambique	45.53%	16.7%
40th	Guatemala	46.36%	4.4%
41st	Mexico	48.01%	0.0%
42nd	Greece	48.18%	13.4%
43rd	Kenya	48.19%	-1.4%
44th	Morocco	48.58%	6.4%
45th	Mauritania	49.02%	-4.6%
46th	Guinea-Bissau	49.10%	12.9%
47th	Ecuador	49.20%	13.4%
48th	United Kingdom	49.47%	0.7%
49th	Senegal	49.49%	2.9%
50th	Albania	49.90%	5.9%
51st	Togo	50.11%	-10.1%
52nd	Chad	50.51%	5.1%
53rd	Lebanon	50.81%	-7.1%
54th	Algeria	50.93%	12.9%
55th	Germany	51.52%	2.7%
56th	France	51.67%	0.5%
57th	Gambia, The	52.41%	-2.7%
58th	Nepal	52.57%	-7.3%
59th	Poland	53.90%	-4.7%
60th	Benin	54.39%	-8.7%
61st	Chile	54.70%	1.6%
62nd	Spain	54.70%	3.7%
63rd	Côte d'Ivoire	55.89%	4.2%
64th	New Caledonia	56.39%	9.0%
65th	Georgia	57.15%	6.7%
66th	Saudi Arabia	57.85%	3.1%
67th	Korea	57.89%	-12.7%
68th	Romania	57.97%	7.7%
69th	Zambia	59.77%	6.3%
70th	Tonga	60.78%	-22.4%
71st	El Salvador	60.99%	0.2%
72nd	New Zealand	61.40%	6.1%
73rd	Nicaragua	62.54%	9.7%
74th	Indonesia	62.94%	-34.6%
75th	Portugal	63.31%	-0.8%
76th	European Union	64.03%	1.2%
77th	Syrian Arab Republic	64.31%	4.7%
78th	Israel	64.74%	13.8%
79th	Finland	66.25%	-1.1%
80th	Croatia	66.26%	2.0%
81st	Iceland	68.47%	-3.2%
82nd	Solomon Islands	69.16%	-16.8%
83rd	Russian Federation	69.39%	24.4%
84th	Norway	69.51%	-3.0%
85th	Azerbaijan	69.83%	-9.6%
86th	Armenia	70.56%	-1.8%
87th	Zimbabwe	70.92%	-19.9%
88th	Yemen, Republic of	72.00%	-0.9%
89th	North Macedonia	72.62%	-5.2%
90th	Denmark	72.73%	1.9%
91st	Lithuania	74.58%	-16.5%
92nd	Sweden	74.85%	0.7%
93rd	Bahamas, The	75.70%	-2.6%
94th	Brunei Darussalam	75.99%	-3.5%
95th	Dominican Republic	76.30%	0.5%
96th	Oman	76.61%	-4.8%
97th	Philippines	77.16%	-3.6%
98th	Paraguay	77.56%	-23.7%
99th	Tunisia	77.91%	-2.6%
100th	Austria	78.56%	1.6%
101st	Sri Lanka	78.75%	0.3%
102nd	Lao PDR	80.06%	-5.0%
103rd	Canada	80.12%	2.6%
104th	Cabo Verde	80.97%	-1.1%
105th	Ghana	81.71%	1.4%
106th	Latvia	82.15%	-11.7%
107th	Kazakhstan	82.58%	26.6%
108th	Kuwait	85.37%	-10.1%
109th	Czechia	85.46%	1.8%
110th	Qatar	85.73%	-5.8%
111th	Bhutan	85.87%	0.3%
112th	Costa Rica	87.54%	-4.9%
113th	Seychelles	88.36%	11.9%
114th	Switzerland	89.82%	1.8%
115th	Bulgaria	90.07%	16.9%
116th	Turkmenistan	90.48%	-6.1%
117th	Namibia	91.10%	-1.1%
118th	Vanuatu	91.23%	-3.7%
119th	Slovenia	92.96%	-4.2%
120th	Belize	93.32%	9.4%
121st	Cambodia	94.18%	24.5%
122nd	Micronesia, Federated States of	95.76%	-6.6%
123rd	Eritrea	96.26%	1.4%
124th	West Bank and Gaza	96.35%	8.3%
125th	Slovak Republic	97.53%	-4.3%
126th	Gabon	97.73%	1.8%
127th	Botswana	98.93%	-2.9%
128th	Kyrgyz Republic	99.20%	5.0%
129th	Faroe Islands	100.49%	9.7%
130th	Kiribati	100.62%	18.4%
131st	Thailand	100.71%	0.5%
132nd	Ukraine	101.95%	18.5%
133rd	Viet Nam	102.79%	6.0%
134th	Puerto Rico (US)	104.08%	8.1%
135th	Jordan	104.47%	-4.2%
136th	Marshall Islands	108.00%	-3.5%
137th	Mongolia	112.24%	4.6%
138th	Hungary	113.87%	6.1%
139th	Netherlands	114.33%	1.7%
140th	Papua New Guinea	116.01%	12.8%
141st	Moldova	117.53%	0.6%
142nd	Belarus	120.84%	-1.7%
143rd	Honduras	121.50%	-1.0%
144th	Bosnia and Herzegovina	121.82%	-3.1%
145th	Bahrain	124.74%	10.4%
146th	Belgium	125.17%	0.4%
147th	Mauritius	128.95%	-1.1%
148th	Cyprus	131.21%	-2.7%
149th	Congo, Republic of	131.39%	-11.8%
150th	Panama	131.56%	-16.7%
151st	Macao SAR, China	132.26%	5.9%
152nd	Tajikistan	133.61%	25.0%
153rd	Iraq	138.31%	4.6%
154th	Estonia	144.12%	-8.1%
155th	Ireland	159.87%	1.3%
156th	Aruba	164.56%	0.8%
157th	Malta	165.17%	5.2%
158th	Guyana	201.06%	-1.4%
159th	Malaysia	217.57%	3.9%
160th	Hong Kong SAR, China	220.27%	-0.4%
161st	Luxembourg	239.92%	1.4%
162nd	Singapore	336.48%	7.8%

FAQ

What was Iceland's trade openness in 1999?▾

Iceland's trade openness in 1999 was 68.47%. This ranked 81st globally.

How did Iceland's trade openness change in 1999?▾

Iceland's trade openness decreased by 3.2% in 1999 compared to 1998.

Which country had the highest trade openness in 1999?▾

Singapore had the highest trade openness in 1999 at 336.48%.

What is the trade openness of Iceland in 1999?▾

The trade openness of Iceland in 1999 was 68.47%. This ranked 81st globally.

How does 1999 compare to 1998 for Iceland's trade openness?▾

Iceland's trade openness went from 70.77% in 1998 to 68.47% in 1999, a 3.2% decrease.

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