Services, Debit/Expenditure in Iceland
Iceland: Services, Debit/Expenditure was 5.16 billion in 2024. β² Rising
Services, Debit/Expenditure in Iceland, 2005β2024
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.
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
- Total current account debit/expenditure, Debit/Expenditure 16.68 billion (2024)
- Goods, Debit/Expenditure 9.30 billion (2024)
- Primary income, Debit/Expenditure 1.43 billion (2024)
- Secondary income, Debit/Expenditure 786.49 million (2024)
- Total capital account debit/expenditure, Debit/Expenditure 35.98 million (2024)
- Milking, dairy machinery (trade) β Import Value 5,815 1000 USD (2008)
- Milking, dairy machinery (trade) β Export Value 2 1000 USD (2000)
- Ploughs (e.g. reversible and non-reversible ploughs) β Import Value 23 1000 USD (2009)
- Pedestrian controlled tractors (single axle tractors) β Import Value 12 1000 USD (2008)
- Exports and imports by counterpart area - quarterly data 3,157 (2026)
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.