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Iceland - Trade Openness 2016

Name: Iceland Trade Openness 2016
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

87.76% −7.13% from 2015 Global rank: 108th

Iceland's trade openness was 87.76% in 2016, decreased +7.13% from 94.89% in 2015. This was the 108th highest globally.

Global Ranking - 2016▾

Trade Openness by Country - 2016
Rank	Country	Value	YoY
1st	Sudan	15.28%	-16.8%
2nd	Brazil	24.53%	-9.0%
3rd	Pakistan	24.70%	-7.4%
4th	Argentina	26.09%	16.0%
5th	United States	26.61%	-4.4%
6th	Cuba	27.27%	-13.7%
7th	Uzbekistan	29.19%	-5.1%
8th	Egypt, Arab Republic of	30.25%	-13.2%
9th	Yemen, Republic of	31.08%	2.4%
10th	Uganda	31.21%	-17.2%
11th	Japan	31.31%	-11.6%
12th	Bangladesh	31.33%	-25.5%
13th	Kenya	34.87%	-13.5%
14th	Tanzania	35.42%	-13.1%
15th	China	36.18%	-6.5%
16th	Colombia	36.20%	-5.6%
17th	Niger	36.49%	-18.4%
18th	Comoros	37.13%	-1.8%
19th	Indonesia	37.42%	-10.8%
20th	Gambia, The	38.11%	-14.4%
21st	Iran, Islamic Republic of	39.88%	1.2%
22nd	India	40.08%	-4.4%
23rd	Ecuador	40.53%	-15.2%
24th	Cameroon	40.64%	-10.8%
25th	Australia	40.81%	-1.6%
26th	Libya	41.11%	-27.8%
27th	Haiti	41.41%	-1.3%
28th	Nepal	42.12%	-9.8%
29th	Sierra Leone	43.07%	18.0%
30th	Chad	43.96%	-9.4%
31st	Peru	45.39%	0.5%
32nd	Guatemala	46.37%	-7.1%
33rd	Sri Lanka	46.47%	-1.0%
34th	Russian Federation	46.52%	-5.8%
35th	Angola	47.02%	-14.5%
36th	Côte d'Ivoire	47.57%	-9.8%
37th	Uruguay	48.47%	6.9%
38th	Türkiye	48.87%	-5.8%
39th	Rwanda	49.48%	9.5%
40th	Algeria	49.76%	-6.5%
41st	Central African Republic	50.53%	-4.9%
42nd	Zimbabwe	51.22%	-9.7%
43rd	Dominican Republic	51.73%	-1.2%
44th	New Zealand	52.41%	-4.5%
45th	Mali	53.61%	0.1%
46th	French Polynesia	53.62%	-3.6%
47th	Senegal	54.11%	-6.9%
48th	Guinea-Bissau	54.30%	-0.1%
49th	Italy	54.43%	-1.8%
50th	Iraq	54.59%	-21.6%
51st	Tajikistan	55.72%	11.6%
52nd	South Africa	55.86%	-1.5%
53rd	Chile	56.06%	-5.5%
54th	Bolivia, Plurinational State of	56.40%	-17.0%
55th	Israel	57.80%	-1.9%
56th	Burkina Faso	57.89%	-2.0%
57th	Saudi Arabia	57.92%	-13.7%
58th	New Caledonia	58.03%	-3.4%
59th	Benin	58.99%	3.9%
60th	United Kingdom	59.84%	4.8%
61st	Timor-Leste	60.31%	0.4%
62nd	Kazakhstan	60.31%	13.7%
63rd	Madagascar	60.83%	-0.6%
64th	Philippines	61.78%	4.5%
65th	Turkmenistan	62.05%	-23.7%
66th	Costa Rica	62.18%	2.3%
67th	Spain	63.19%	-0.6%
68th	France	63.34%	-0.3%
69th	Greece	63.66%	-2.5%
70th	Canada	65.36%	-1.2%
71st	West Bank and Gaza	65.42%	-7.6%
72nd	Togo	66.45%	-3.9%
73rd	Syrian Arab Republic	67.11%	31.4%
74th	Bahamas, The	67.21%	-3.5%
75th	Lebanon	67.72%	-5.7%
76th	Paraguay	67.76%	1.3%
77th	Ghana	67.88%	-11.3%
78th	Congo, Democratic Republic of	68.01%	17.8%
79th	Norway	69.12%	-1.9%
80th	Korea	69.90%	-7.3%
81st	Gabon	70.13%	-5.2%
82nd	Guam	70.41%	-1.3%
83rd	Morocco	71.12%	5.7%
84th	Finland	71.72%	-0.3%
85th	Bermuda	72.75%	-0.7%
86th	El Salvador	72.82%	-4.9%
87th	Mauritania	73.15%	-5.4%
88th	Zambia	73.96%	-7.4%
89th	Albania	74.01%	3.8%
90th	Somalia, Fed. Rep.	74.36%	-2.8%
91st	Kosovo	75.02%	1.3%
92nd	Lao PDR	75.09%	-12.5%
93rd	Samoa	75.21%	0.8%
94th	Mexico	75.69%	7.5%
95th	Germany	76.01%	-2.3%
96th	Armenia	76.08%	6.1%
97th	Bhutan	76.38%	-14.8%
98th	Portugal	79.52%	-1.4%
99th	Oman	82.86%	-14.0%
100th	Sweden	83.45%	-0.9%
101st	Panama	84.40%	-12.6%
102nd	Solomon Islands	85.55%	-3.0%
103rd	European Union	85.78%	-1.0%
104th	Greenland	85.84%	3.3%
105th	Romania	85.89%	2.8%
106th	Tunisia	87.09%	-0.2%
107th	Brunei Darussalam	87.32%	-2.9%
108th	Iceland	87.76%	-7.5%
109th	Tonga	87.78%	7.8%
110th	Bosnia and Herzegovina	88.24%	-0.1%
111th	Jordan	88.72%	-7.0%
112th	Moldova	89.00%	0.0%
113th	Eswatini	89.36%	1.2%
114th	Qatar	89.55%	-4.4%
115th	Azerbaijan	90.08%	24.1%
116th	Croatia	92.14%	1.6%
117th	Equatorial Guinea	92.60%	-6.3%
118th	Nicaragua	93.81%	-4.5%
119th	Namibia	93.97%	-3.4%
120th	Georgia	94.93%	-2.2%
121st	Cabo Verde	95.38%	1.5%
122nd	Kuwait	96.16%	-2.6%
123rd	Belize	96.50%	-7.3%
124th	Poland	96.87%	5.0%
125th	Serbia	97.69%	4.5%
126th	Honduras	99.82%	-6.9%
127th	Botswana	100.46%	-11.0%
128th	Mongolia	101.06%	12.7%
129th	Denmark	101.45%	-3.5%
130th	Austria	101.57%	-1.5%
131st	Micronesia, Federated States of	102.77%	-4.6%
132nd	Montenegro	104.14%	0.0%
133rd	Faroe Islands	104.55%	-1.0%
134th	Ukraine	105.52%	-2.1%
135th	Kyrgyz Republic	105.82%	-4.6%
136th	Vanuatu	106.35%	-2.2%
137th	Puerto Rico (US)	110.27%	1.3%
138th	Mozambique	110.39%	11.8%
139th	Kiribati	111.27%	1.3%
140th	Guinea	111.84%	54.4%
141st	Macao SAR, China	112.89%	-5.3%
142nd	Virgin Islands (US)	113.30%	33.7%
143rd	North Macedonia	116.19%	2.2%
144th	Marshall Islands	116.33%	-16.0%
145th	Palau	118.02%	-6.7%
146th	Thailand	120.58%	-3.4%
147th	Congo, Republic of	122.26%	4.2%
148th	Cambodia	122.70%	0.5%
149th	Bulgaria	122.81%	-3.1%
150th	Latvia	123.33%	-2.4%
151st	Switzerland	123.57%	5.5%
152nd	Belarus	125.21%	8.0%
153rd	Mauritius	126.31%	-5.1%
154th	Malaysia	126.90%	-3.4%
155th	Antigua and Barbuda	132.03%	1.5%
156th	Bahrain	132.82%	-10.2%
157th	Lithuania	134.69%	-2.5%
158th	Lesotho	136.32%	5.1%
159th	Aruba	136.89%	-2.6%
160th	Cyprus	139.02%	1.3%
161st	Curaçao	139.05%	-6.2%
162nd	Maldives	144.38%	0.5%
163rd	Viet Nam	145.41%	0.3%
164th	Estonia	147.75%	-0.5%
165th	Slovenia	148.24%	0.7%
166th	Czechia	148.55%	-3.6%
167th	Netherlands	150.97%	-5.8%
168th	Northern Mariana Islands	152.85%	24.5%
169th	Belgium	159.06%	2.6%
170th	American Samoa	159.17%	-2.0%
171st	Hungary	163.97%	-2.0%
172nd	United Arab Emirates	165.40%	0.7%
173rd	Nauru	170.15%	-14.9%
174th	Seychelles	180.87%	-3.5%
175th	Slovak Republic	182.76%	1.9%
176th	Djibouti	213.07%	-20.6%
177th	Malta	213.36%	3.0%
178th	Ireland	239.71%	7.2%
179th	Singapore	302.84%	-8.1%
180th	San Marino	320.15%	-0.4%
181st	Luxembourg	348.44%	-0.8%
182nd	Hong Kong SAR, China	371.73%	-4.5%

FAQ

What was Iceland's trade openness in 2016?▾

Iceland's trade openness in 2016 was 87.76%. This ranked 108th globally.

How did Iceland's trade openness change in 2016?▾

Iceland's trade openness decreased by 7.5% in 2016 compared to 2015.

Which country had the highest trade openness in 2016?▾

Hong Kong SAR, China had the highest trade openness in 2016 at 371.73%.

What is the trade openness of Iceland in 2016?▾

The trade openness of Iceland in 2016 was 87.76%. This ranked 108th globally.

How does 2016 compare to 2015 for Iceland's trade openness?▾

Iceland's trade openness went from 94.89% in 2015 to 87.76% in 2016, a 7.5% decrease.

HistorySaid - pattern alert

Iceland matched the Export Boom Cycle pattern in 2016. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 4.7%. View full analysis →

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