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Iceland - Trade Openness 2006

Name: Iceland Trade Openness 2006
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

76.63% +5.42% from 2005 Global rank: 80th

Iceland's trade openness was 76.63% in 2006, increased +5.42% from 71.21% in 2005. This was the 80th highest globally.

Global Ranking - 2006▾

Trade Openness by Country - 2006
Rank	Country	Value	YoY
1st	Sierra Leone	22.09%	-53.5%
2nd	Brazil	26.04%	-3.9%
3rd	United States	26.98%	5.2%
4th	Japan	30.02%	14.4%
5th	Pakistan	33.05%	10.6%
6th	Rwanda	33.22%	-2.9%
7th	Burkina Faso	35.11%	2.7%
8th	Comoros	35.76%	0.0%
9th	Sudan	36.20%	0.9%
10th	Central African Republic	36.40%	3.8%
11th	Niger	36.53%	-4.7%
12th	Haiti	37.06%	6.0%
13th	Cuba	37.19%	-5.5%
14th	Bangladesh	38.11%	10.8%
15th	Colombia	39.64%	5.9%
16th	Benin	39.77%	1.7%
17th	Argentina	40.43%	-0.3%
18th	Australia	41.49%	6.1%
19th	Tanzania	42.77%	15.7%
20th	Uganda	43.63%	11.9%
21st	Nepal	44.76%	1.6%
22nd	Congo, Democratic Republic of	44.77%	-12.3%
23rd	Eritrea	45.26%	-25.9%
24th	India	45.72%	8.9%
25th	Cameroon	47.10%	4.7%
26th	Guinea-Bissau	48.76%	6.5%
27th	Türkiye	48.95%	5.7%
28th	Mali	49.02%	9.1%
29th	Gambia, The	50.37%	0.7%
30th	Greece	51.10%	1.5%
31st	Peru	51.79%	9.3%
32nd	Turkmenistan	52.45%	-2.8%
33rd	Italy	52.92%	7.7%
34th	Iran, Islamic Republic of	53.17%	-2.3%
35th	South Africa	53.77%	13.4%
36th	Senegal	54.14%	-1.4%
37th	Mexico	54.48%	3.7%
38th	Russian Federation	54.73%	-3.5%
39th	Kenya	55.24%	-14.3%
40th	Spain	56.08%	2.5%
41st	French Polynesia	56.61%	-3.8%
42nd	Indonesia	56.66%	-11.5%
43rd	United Kingdom	56.70%	7.9%
44th	Zambia	57.86%	-7.0%
45th	France	57.87%	3.7%
46th	New Zealand	59.60%	2.7%
47th	Armenia	61.03%	-13.0%
48th	Egypt, Arab Republic of	61.52%	-2.3%
49th	Togo	61.61%	0.3%
50th	Romania	61.68%	3.9%
51st	Uruguay	61.97%	5.3%
52nd	Madagascar	62.10%	5.0%
53rd	China	63.57%	3.6%
54th	Côte d'Ivoire	63.69%	1.4%
55th	Dominican Republic	63.77%	3.4%
56th	Ghana	64.52%	-34.3%
57th	Morocco	64.67%	5.2%
58th	Ecuador	65.84%	6.3%
59th	Algeria	65.92%	-1.4%
60th	Tonga	66.35%	-12.9%
61st	Mozambique	67.35%	-6.5%
62nd	Uzbekistan	67.47%	-3.0%
63rd	Guatemala	67.91%	1.2%
64th	New Caledonia	68.02%	9.9%
65th	Canada	68.05%	-2.4%
66th	Korea	68.37%	3.3%
67th	Portugal	68.55%	8.9%
68th	Guinea	69.39%	44.7%
69th	Solomon Islands	69.79%	4.8%
70th	Sri Lanka	71.26%	-3.2%
71st	Norway	71.66%	1.7%
72nd	Albania	72.20%	4.5%
73rd	Germany	72.76%	8.7%
74th	Guam	72.77%	9.5%
75th	El Salvador	73.46%	5.4%
76th	Chile	73.71%	2.3%
77th	Syrian Arab Republic	74.21%	-7.4%
78th	Bolivia, Plurinational State of	74.54%	10.2%
79th	Serbia	75.53%	4.9%
80th	Iceland	76.63%	7.6%
81st	Chad	77.08%	-0.6%
82nd	Poland	77.70%	10.5%
83rd	European Union	77.98%	6.0%
84th	Israel	78.44%	0.1%
85th	Bosnia and Herzegovina	79.83%	-5.4%
86th	Philippines	80.85%	-3.6%
87th	Brunei Darussalam	81.57%	-0.1%
88th	Lao PDR	81.96%	14.2%
89th	Finland	82.00%	7.1%
90th	Yemen, Republic of	82.08%	6.9%
91st	Samoa	82.47%	8.2%
92nd	West Bank and Gaza	82.64%	-1.4%
93rd	Mauritania	82.79%	-6.2%
94th	Zimbabwe	82.82%	8.9%
95th	Croatia	83.52%	2.5%
96th	Angola	84.62%	-11.2%
97th	Paraguay	84.73%	-0.3%
98th	Oman	86.15%	-0.7%
99th	Botswana	86.61%	-2.1%
100th	Namibia	86.83%	7.6%
101st	Nicaragua	87.31%	21.9%
102nd	Bahamas, The	87.55%	7.6%
103rd	Sweden	88.33%	4.9%
104th	Gabon	88.65%	5.6%
105th	Georgia	89.13%	5.4%
106th	Ukraine	89.18%	-5.8%
107th	Vanuatu	89.54%	-10.6%
108th	Iraq	89.65%	-22.5%
109th	Greenland	89.69%	-10.0%
110th	Kuwait	89.71%	-2.7%
111th	Costa Rica	89.81%	0.7%
112th	Saudi Arabia	89.94%	9.8%
113th	Lebanon	91.07%	-1.8%
114th	Kazakhstan	91.45%	-6.5%
115th	North Macedonia	92.55%	7.8%
116th	Tunisia	93.94%	4.1%
117th	Kiribati	94.05%	-23.9%
118th	Micronesia, Federated States of	97.35%	3.2%
119th	Faroe Islands	97.39%	-3.5%
120th	Denmark	97.43%	9.0%
121st	Libya	97.74%	7.6%
122nd	Suriname	98.17%	-
123rd	Qatar	98.57%	4.0%
124th	Austria	98.79%	4.3%
125th	Timor-Leste	98.88%	32.4%
126th	Belize	98.88%	6.3%
127th	Azerbaijan	105.26%	-9.1%
128th	Latvia	105.70%	1.1%
129th	Switzerland	106.25%	3.9%
130th	Bhutan	108.16%	10.7%
131st	Cyprus	109.81%	-1.9%
132nd	Bulgaria	111.05%	11.4%
133rd	Marshall Islands	112.41%	-9.9%
134th	Mongolia	112.93%	-7.7%
135th	Puerto Rico (US)	117.73%	3.5%
136th	Cabo Verde	117.82%	12.9%
137th	Montenegro	118.18%	13.0%
138th	Equatorial Guinea	118.53%	-9.5%
139th	United Arab Emirates	119.47%	-0.1%
140th	Kyrgyz Republic	120.75%	27.0%
141st	Belarus	124.30%	4.6%
142nd	Lithuania	124.61%	6.1%
143rd	Mauritius	124.78%	2.6%
144th	Congo, Republic of	125.60%	5.1%
145th	Palau	126.27%	6.4%
146th	Czechia	127.05%	4.8%
147th	Netherlands	127.20%	4.0%
148th	Macao SAR, China	128.79%	-5.6%
149th	Slovenia	130.52%	7.8%
150th	Honduras	133.13%	-2.5%
151st	Thailand	134.09%	-2.7%
152nd	Estonia	136.62%	0.5%
153rd	Moldova	137.15%	-4.1%
154th	Viet Nam	138.31%	5.8%
155th	Cambodia	140.35%	5.1%
156th	Aruba	141.04%	-2.8%
157th	Tajikistan	141.15%	11.1%
158th	Panama	141.47%	1.6%
159th	Jordan	141.75%	-3.5%
160th	Curaçao	144.56%	7.1%
161st	Bahrain	147.10%	-0.8%
162nd	Hungary	149.23%	16.6%
163rd	Belgium	149.57%	3.5%
164th	Ireland	150.02%	1.2%
165th	Northern Mariana Islands	159.70%	-8.5%
166th	Slovak Republic	164.99%	11.0%
167th	Seychelles	177.57%	3.8%
168th	Malta	182.43%	15.8%
169th	Malaysia	202.58%	-0.6%
170th	American Samoa	229.82%	3.0%
171st	Luxembourg	305.88%	7.7%
172nd	Hong Kong SAR, China	359.21%	4.8%
173rd	Singapore	425.36%	1.2%
174th	Virgin Islands (US)	552.12%	9.7%

FAQ

What was Iceland's trade openness in 2006?▾

Iceland's trade openness in 2006 was 76.63%. This ranked 80th globally.

How did Iceland's trade openness change in 2006?▾

Iceland's trade openness increased by 7.6% in 2006 compared to 2005.

Which country had the highest trade openness in 2006?▾

Virgin Islands (US) had the highest trade openness in 2006 at 552.12%.

What is the trade openness of Iceland in 2006?▾

The trade openness of Iceland in 2006 was 76.63%. This ranked 80th globally.

How does 2006 compare to 2005 for Iceland's trade openness?▾

Iceland's trade openness went from 71.21% in 2005 to 76.63% in 2006, a 7.6% increase.

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