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Iceland - Trade Openness 2014

Name: Iceland Trade Openness 2014
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

95.29% −2.41% from 2013 Global rank: 114th

Iceland's trade openness was 95.29% in 2014, decreased +2.41% from 97.70% in 2013. This was the 114th highest globally.

Global Ranking - 2014▾

Trade Openness by Country - 2014
Rank	Country	Value	YoY
1st	Sudan	20.85%	-22.4%
2nd	Brazil	24.69%	-4.3%
3rd	Argentina	28.41%	-3.2%
4th	Pakistan	29.47%	-4.6%
5th	United States	30.00%	0.0%
6th	Uganda	36.01%	-16.5%
7th	Uzbekistan	36.36%	-14.2%
8th	Egypt, Arab Republic of	36.92%	-8.6%
9th	Japan	37.43%	10.2%
10th	Colombia	37.49%	-1.3%
11th	Comoros	39.24%	0.0%
12th	Cuba	39.27%	-11.4%
13th	Chad	40.81%	-20.8%
14th	Australia	42.30%	2.9%
15th	Haiti	42.35%	5.0%
16th	Rwanda	43.90%	2.8%
17th	China	44.07%	-4.0%
18th	Bangladesh	44.51%	-3.8%
19th	Iran, Islamic Republic of	45.35%	-3.7%
20th	Tanzania	45.36%	-6.7%
21st	Niger	45.74%	-1.2%
22nd	Nepal	45.98%	9.8%
23rd	Kenya	46.17%	-2.7%
24th	Peru	46.85%	-5.9%
25th	Guinea-Bissau	46.87%	17.3%
26th	Russian Federation	47.80%	3.3%
27th	Indonesia	48.08%	-1.1%
28th	Yemen, Republic of	48.24%	-8.1%
29th	India	48.92%	-9.1%
30th	Uruguay	49.09%	-1.3%
31st	Cameroon	50.83%	2.3%
32nd	Mali	51.08%	-6.5%
33rd	Sierra Leone	51.12%	-4.2%
34th	Central African Republic	53.10%	38.3%
35th	Côte d'Ivoire	53.68%	-8.0%
36th	Syrian Arab Republic	54.26%	21.4%
37th	Türkiye	54.31%	2.3%
38th	Italy	54.45%	0.8%
39th	Tajikistan	54.61%	-23.9%
40th	Zimbabwe	54.67%	-6.8%
41st	Guatemala	55.08%	-2.8%
42nd	New Zealand	55.10%	-1.6%
43rd	Dominican Republic	55.66%	-2.0%
44th	French Polynesia	56.23%	0.3%
45th	Algeria	56.92%	-3.8%
46th	Philippines	57.47%	2.9%
47th	Gambia, The	58.26%	28.1%
48th	Senegal	58.44%	-3.6%
49th	United Kingdom	58.82%	-4.7%
50th	Burkina Faso	58.82%	-8.1%
51st	New Caledonia	58.96%	0.1%
52nd	South Africa	59.50%	1.1%
53rd	Ecuador	61.43%	-3.2%
54th	Israel	61.71%	-3.8%
55th	Madagascar	61.97%	9.9%
56th	France	62.20%	0.6%
57th	Spain	63.40%	2.8%
58th	Ghana	63.84%	5.1%
59th	Mexico	64.10%	2.2%
60th	Canada	64.38%	3.5%
61st	South Sudan	64.63%	27.2%
62nd	Kazakhstan	64.97%	-0.7%
63rd	Costa Rica	65.19%	1.8%
64th	Benin	65.27%	10.3%
65th	Chile	65.63%	0.8%
66th	Greece	66.43%	5.5%
67th	West Bank and Gaza	67.74%	2.2%
68th	Iraq	68.98%	2.3%
69th	Paraguay	69.08%	-5.8%
70th	Norway	69.14%	1.7%
71st	Azerbaijan	69.48%	-7.0%
72nd	Angola	69.58%	-10.0%
73rd	Togo	70.92%	-13.7%
74th	Morocco	71.89%	-2.7%
75th	Gabon	73.52%	-18.9%
76th	Congo, Democratic Republic of	74.11%	2.1%
77th	Finland	74.63%	-3.7%
78th	Tonga	74.73%	-9.7%
79th	Albania	75.02%	-1.0%
80th	Armenia	75.78%	-2.3%
81st	Zambia	76.19%	-5.3%
82nd	Bermuda	76.52%	0.3%
83rd	Libya	76.52%	-28.0%
84th	Guinea	76.77%	-4.5%
85th	Germany	76.85%	-1.0%
86th	Kosovo	77.08%	2.6%
87th	Saudi Arabia	78.00%	-2.8%
88th	El Salvador	78.10%	-2.9%
89th	Guam	78.36%	-1.5%
90th	Lebanon	79.82%	-7.4%
91st	Portugal	80.22%	2.8%
92nd	Samoa	80.50%	3.4%
93rd	Bahamas, The	80.54%	-4.7%
94th	Somalia, Fed. Rep.	81.70%	-2.0%
95th	Timor-Leste	82.74%	3.9%
96th	Romania	83.38%	2.4%
97th	Sweden	83.82%	2.7%
98th	Croatia	85.22%	5.3%
99th	Bolivia, Plurinational State of	85.26%	5.0%
100th	European Union	85.49%	0.8%
101st	Korea	86.93%	-7.7%
102nd	Greenland	87.09%	-9.2%
103rd	Bhutan	87.93%	-7.5%
104th	Serbia	88.38%	4.8%
105th	Bosnia and Herzegovina	90.55%	3.0%
106th	Turkmenistan	91.09%	-7.6%
107th	Cabo Verde	91.30%	6.0%
108th	Mauritania	91.61%	-10.5%
109th	Eswatini	91.62%	7.5%
110th	Poland	92.03%	1.8%
111th	Solomon Islands	93.45%	-6.2%
112th	Moldova	94.23%	-1.5%
113th	Georgia	94.95%	1.2%
114th	Iceland	95.29%	-2.5%
115th	Tunisia	96.11%	-2.9%
116th	Qatar	99.03%	-3.3%
117th	Lao PDR	99.06%	0.9%
118th	Kuwait	100.04%	2.5%
119th	Montenegro	100.44%	-3.2%
120th	Ukraine	100.69%	7.1%
121st	Oman	102.28%	-9.1%
122nd	Puerto Rico (US)	102.39%	-2.4%
123rd	Brunei Darussalam	102.42%	-7.7%
124th	Namibia	103.08%	5.5%
125th	Denmark	103.21%	-0.4%
126th	Kiribati	104.19%	7.7%
127th	Congo, Republic of	104.20%	12.0%
128th	Equatorial Guinea	104.38%	-2.4%
129th	Austria	104.50%	-0.5%
130th	Vanuatu	105.20%	-1.1%
131st	Faroe Islands	106.14%	-6.9%
132nd	Nicaragua	106.70%	-3.9%
133rd	Belize	107.11%	-1.4%
134th	Micronesia, Federated States of	107.65%	-6.2%
135th	Mongolia	109.32%	9.0%
136th	Jordan	109.94%	-1.4%
137th	Belarus	110.65%	-7.6%
138th	North Macedonia	112.54%	7.3%
139th	Honduras	112.98%	-2.9%
140th	Panama	114.97%	-13.6%
141st	Mozambique	116.36%	6.4%
142nd	Macao SAR, China	118.58%	-2.3%
143rd	Botswana	119.50%	-5.0%
144th	Northern Mariana Islands	119.83%	-0.2%
145th	Switzerland	120.21%	-10.1%
146th	Cambodia	124.45%	-0.3%
147th	Kyrgyz Republic	125.13%	-6.6%
148th	Lesotho	126.29%	-5.3%
149th	Latvia	130.04%	0.3%
150th	Bulgaria	130.25%	0.4%
151st	Cyprus	130.84%	8.2%
152nd	Thailand	130.91%	-1.2%
153rd	Mauritius	135.10%	-1.1%
154th	Viet Nam	135.41%	3.5%
155th	Malaysia	138.31%	-3.1%
156th	Antigua and Barbuda	141.55%	-
157th	Lithuania	143.29%	-8.5%
158th	Palau	145.70%	2.5%
159th	Slovenia	146.47%	0.9%
160th	Marshall Islands	149.85%	-7.5%
161st	Netherlands	151.72%	0.7%
162nd	Czechia	156.42%	7.5%
163rd	Aruba	156.49%	0.5%
164th	Estonia	157.95%	-4.0%
165th	Belgium	158.57%	0.6%
166th	United Arab Emirates	159.52%	1.3%
167th	Virgin Islands (US)	164.29%	15.5%
168th	Curaçao	164.36%	-1.2%
169th	Maldives	165.98%	-
170th	Hungary	168.36%	2.4%
171st	Bahrain	168.58%	-8.7%
172nd	American Samoa	174.81%	0.6%
173rd	Slovak Republic	176.76%	-2.3%
174th	Malta	181.30%	-3.3%
175th	Nauru	197.22%	10.0%
176th	Ireland	211.18%	5.7%
177th	Seychelles	213.35%	8.6%
178th	Djibouti	298.56%	-14.1%
179th	Luxembourg	333.43%	4.0%
180th	Singapore	360.47%	-1.8%
181st	Hong Kong SAR, China	425.98%	-3.8%

FAQ

What was Iceland's trade openness in 2014?▾

Iceland's trade openness in 2014 was 95.29%. This ranked 114th globally.

How did Iceland's trade openness change in 2014?▾

Iceland's trade openness decreased by 2.5% in 2014 compared to 2013.

Which country had the highest trade openness in 2014?▾

Hong Kong SAR, China had the highest trade openness in 2014 at 425.98%.

What is the trade openness of Iceland in 2014?▾

The trade openness of Iceland in 2014 was 95.29%. This ranked 114th globally.

How does 2014 compare to 2013 for Iceland's trade openness?▾

Iceland's trade openness went from 97.70% in 2013 to 95.29% in 2014, a 2.5% decrease.

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