Trade balance in low carbon technology products, Percent of GDP in Iceland
Iceland: Trade balance in low carbon technology products, Percent of GDP was -1.82 in 2024. ◆ Volatile
Trade balance in low carbon technology products, Percent of GDP in Iceland, 1994–2024
Source: International Monetary Fund.
Analysis
In 2024, trade balance in low carbon technology products, percent of gdp in Iceland stood at -1.82.
Compared with earlier readings it is up 36.2% on the previous year and down 171.5% over ten years.
Over the whole period, trade balance in low carbon technology products, percent of gdp in Iceland peaked at -0.5254 in 2004 and was at its lowest, -2.92, in 2022.
Iceland ranks 163rd of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Trade balance in low carbon technology products, Percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | -0.5995 | — |
| 1995 | -0.5562 | -7.2% |
| 1996 | -0.9761 | +75.5% |
| 1997 | -0.8899 | -8.8% |
| 1998 | -1.18 | +32.5% |
| 1999 | -1.08 | -8.3% |
| 2000 | -0.9646 | -10.8% |
| 2001 | -0.826 | -14.4% |
| 2002 | -0.5887 | -28.7% |
| 2003 | -0.614 | +4.3% |
| 2004 | -0.5254 | -14.4% |
| 2005 | -1.09 | +107.0% |
| 2006 | -1.92 | +76.2% |
| 2007 | -0.8679 | -54.7% |
| 2008 | -0.8567 | -1.3% |
| 2009 | -0.566 | -33.9% |
| 2010 | -1.19 | +110.6% |
| 2011 | -0.911 | -23.6% |
| 2012 | -0.6467 | -29.0% |
| 2013 | -0.8506 | +31.5% |
| 2014 | -0.6696 | -21.3% |
| 2015 | -0.7386 | +10.3% |
| 2016 | -0.7593 | +2.8% |
| 2017 | -1.34 | +76.5% |
| 2018 | -1.27 | -5.6% |
| 2019 | -1.29 | +2.3% |
| 2020 | -1.81 | +40.1% |
| 2021 | -2.5 | +38.1% |
| 2022 | -2.92 | +16.7% |
| 2023 | -2.85 | -2.5% |
| 2024 | -1.82 | -36.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.8802 | -1.18 | -0.5562 | 6 |
| 2000s | -0.8813 | -1.92 | -0.5254 | 10 |
| 2010s | -0.9667 | -1.34 | -0.6467 | 10 |
| 2020s | -2.38 | -2.92 | -1.81 | 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 trade balance in low carbon technology products, percent of gdp in Iceland?
- Trade balance in low carbon technology products, percent of gdp in Iceland was -1.82 in 2024, according to International Monetary Fund.
- What is the highest trade balance in low carbon technology products, percent of gdp recorded in Iceland?
- The highest recorded value was -0.5254 in 2004.
- What is the lowest trade balance in low carbon technology products, percent of gdp recorded in Iceland?
- The lowest recorded value was -2.92 in 2022.
- How does Iceland rank for trade balance in low carbon technology products, percent of gdp?
- Iceland ranks 163rd out of 177 countries with data for 2024.
- Is trade balance in low carbon technology products, percent of gdp rising or falling in Iceland?
- Over the last ten years it is down 171.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Trade balance in low carbon technology products, Percent of GDP (World). Statizoid updates them automatically from the source API.
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About this data
This dataset provides information on the bilateral trade flows of low-carbon technology products, as well as country and world aggregates . Low carbon technology products produce less pollution than their traditional energy counterparts, and will play a vital role in the transition to a low carbon economy. Low carbon technologies include mechanics like wind turbines, solar panels, biomass systems and carbon capture equipment.