Services, Debit/Expenditure in Iceland
Iceland: Services, Debit/Expenditure was 5.16 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
Iceland recorded 5.16 billion for services, debit/expenditure in 2024. That is the highest value across all 20 years on record.
That represents a change of up 8.3% on the previous year and up 69.2% over ten years.
Over the whole period, services, debit/expenditure in Iceland peaked at 5.16 billion in 2024 and was at its lowest, 1.97 billion, in 2009.
Iceland ranks 92nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2.41 billion | — |
| 2006 | 2.43 billion | +0.6% |
| 2007 | 2.88 billion | +18.5% |
| 2008 | 2.42 billion | -15.8% |
| 2009 | 1.97 billion | -18.6% |
| 2010 | 2.18 billion | +10.5% |
| 2011 | 2.57 billion | +18.0% |
| 2012 | 2.70 billion | +5.0% |
| 2013 | 2.77 billion | +2.6% |
| 2014 | 3.05 billion | +10.3% |
| 2015 | 2.79 billion | -8.7% |
| 2016 | 3.19 billion | +14.6% |
| 2017 | 3.70 billion | +16.0% |
| 2018 | 4.15 billion | +12.2% |
| 2019 | 3.57 billion | -14.1% |
| 2020 | 2.31 billion | -35.3% |
| 2021 | 3.03 billion | +31.1% |
| 2022 | 4.47 billion | +47.7% |
| 2023 | 4.77 billion | +6.7% |
| 2024 | 5.16 billion | +8.3% |
Iceland compared with similar countries
- Iceland's 5.16 billion is below the median for high income countries, which is 18.44 billion, 28% of the median. (72 countries reporting)
- Iceland's 5.16 billion is below the median for Europe & Central Asia, which is 18.83 billion, 27% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.42 billion | 1.97 billion | 2.88 billion | 5 |
| 2010s | 3.07 billion | 2.18 billion | 4.15 billion | 10 |
| 2020s | 3.95 billion | 2.31 billion | 5.16 billion | 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 services, debit/expenditure in Iceland?
- Services, debit/expenditure in Iceland was 5.16 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Iceland?
- The highest recorded value was 5.16 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Iceland?
- The lowest recorded value was 1.97 billion in 2009.
- How does Iceland rank for services, debit/expenditure?
- Iceland ranks 92nd out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Iceland?
- Over the last ten years it is up 69.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.