Export Diversification, Theil index in Iceland
Iceland: Export Diversification, Theil index was 4.07 in 2014. ▼ Falling
Export Diversification, Theil index in Iceland, 1962–2014
Source: International Monetary Fund.
Analysis
Iceland recorded 4.07 for export diversification, theil index in 2014.
The figure is up 4.1% on the previous year and up 7.5% over ten years.
Over the whole period, export diversification, theil index in Iceland peaked at 4.5 in 1962 and was at its lowest, 3.73, in 2003.
Iceland ranks 65th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Export Diversification, Theil index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 4.5 | — |
| 1963 | 4.34 | -3.5% |
| 1964 | 4.39 | +1.0% |
| 1965 | 4.45 | +1.5% |
| 1966 | 4.42 | -0.7% |
| 1967 | 4.21 | -4.7% |
| 1968 | 4.29 | +2.0% |
| 1969 | 4.09 | -4.6% |
| 1970 | 4.19 | +2.2% |
| 1971 | 4.23 | +1.2% |
| 1972 | 4.24 | +0.1% |
| 1973 | 4.24 | +0.2% |
| 1974 | 4.24 | -0.2% |
| 1975 | 4.29 | +1.1% |
| 1976 | 4.27 | -0.5% |
| 1977 | 4.26 | -0.2% |
| 1978 | 4.24 | -0.4% |
| 1979 | 4.22 | -0.4% |
| 1980 | 4.26 | +0.9% |
| 1981 | 4.24 | -0.6% |
| 1982 | 4.44 | +4.8% |
| 1983 | 4.31 | -2.9% |
| 1984 | 4.09 | -5.1% |
| 1985 | 4.07 | -0.4% |
| 1986 | 4.19 | +2.9% |
| 1987 | 4.23 | +0.9% |
| 1988 | 4.18 | -1.2% |
| 1989 | 4.2 | +0.5% |
| 1990 | 4.4 | +4.8% |
| 1991 | 4.43 | +0.7% |
| 1992 | 4.35 | -1.9% |
| 1993 | 4.29 | -1.3% |
| 1994 | 4.19 | -2.3% |
| 1995 | 4.08 | -2.7% |
| 1996 | 3.94 | -3.4% |
| 1997 | 3.94 | -0.1% |
| 1998 | 3.95 | +0.4% |
| 1999 | 3.98 | +0.8% |
| 2000 | 3.92 | -1.6% |
| 2001 | 3.81 | -2.9% |
| 2002 | 3.75 | -1.5% |
| 2003 | 3.73 | -0.7% |
| 2004 | 3.79 | +1.7% |
| 2005 | 3.92 | +3.6% |
| 2006 | 3.93 | +0.2% |
| 2007 | 4 | +1.8% |
| 2008 | 3.84 | -4.1% |
| 2009 | 3.84 | +0.2% |
| 2010 | 4.06 | +5.7% |
| 2011 | 4.01 | -1.3% |
| 2012 | 4 | -0.1% |
| 2013 | 3.91 | -2.4% |
| 2014 | 4.07 | +4.1% |
Iceland compared with similar countries
- Iceland's 4.07 is above the median for high income countries, which is 2.57, 1.6× the median. (62 countries reporting)
- Iceland's 4.07 is above the median for Europe & Central Asia, which is 2.17, 1.9× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.34 | 4.09 | 4.5 | 8 |
| 1970s | 4.24 | 4.19 | 4.29 | 10 |
| 1980s | 4.22 | 4.07 | 4.44 | 10 |
| 1990s | 4.16 | 3.94 | 4.43 | 10 |
| 2000s | 3.85 | 3.73 | 4 | 10 |
| 2010s | 4.01 | 3.91 | 4.07 | 5 |
Countries ranked near Iceland
More trade data for Iceland
- Commodity Net Export Price Index, Individual Commodities Weighted by 137.33 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.33 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 106.92 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 138.52 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.7 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 76.38 (2025)
- Imports of low carbon technology products, Percent of GDP 1.91 (2024)
- Imports of low carbon technology products, US dollar (World), per 1,639 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0191 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 28.87 million (2024)
Frequently asked questions
- What is export diversification, theil index in Iceland?
- Export diversification, theil index in Iceland was 4.07 in 2014, according to International Monetary Fund.
- What is the highest export diversification, theil index recorded in Iceland?
- The highest recorded value was 4.5 in 1962.
- What is the lowest export diversification, theil index recorded in Iceland?
- The lowest recorded value was 3.73 in 2003.
- How does Iceland rank for export diversification, theil index?
- Iceland ranks 65th out of 189 countries with data for 2014.
- Is export diversification, theil index rising or falling in Iceland?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Export Diversification, Theil index. Statizoid updates them automatically from the source API.
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About this data
Covers 200 countries with data from 1962 to 2014. It has three main indicators: the Export Diversification Index, which can be disaggregated into sub-indices covering the Extensive Margin and the Intensive Margin. As these are Theil indices, higher values for all three correspond to lower export diversification.