Armenia vs Iceland: Goods balance (credit less debit), Net (credits less debits)

Armenia
-2.19 billion
in 2024
Iceland
-2.31 billion
in 2024
Armenia rank
124th
Iceland rank
126th

Goods balance (credit less debit), Net (credits less debits) over time

  • Armenia
  • Iceland
-3.0B-2.0B-1.0B01.0B200520142024

How they compare

Armenia currently reports -2.19 billion against -2.31 billion in Iceland, a difference of 115.86 million.

The two have swapped places 4 times across 20 shared years of data; in 2005 it was Armenia ahead.

Armenia ranks 124th and Iceland ranks 126th of 198 countries.

Iceland has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Armenia Iceland Difference Ahead
2000s -1.64 billion -1.44 billion 198.56 million Iceland
2010s -1.76 billion -374.81 million 1.38 billion Iceland
2020s -1.86 billion -1.50 billion 360.92 million Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher goods balance (credit less debit), net (credits less debits), Armenia or Iceland?
Armenia, at -2.19 billion against -2.31 billion in Iceland as of 2024.
What is the difference in goods balance (credit less debit), net (credits less debits) between Armenia and Iceland?
115.86 million, with Armenia ahead.
How many years of comparable data are there for Armenia and Iceland?
20 years are reported by both, from 2005 to 2024.
How do Armenia and Iceland rank globally for goods balance (credit less debit), net (credits less debits)?
Armenia ranks 124th and Iceland ranks 126th of 198 countries.
Where does this data come from?
International Monetary Fund, published as Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Iceland: Goods balance (credit less debit), Net (credits less debits). Statizoid, drawing on International Monetary Fund. Retrieved 06 September 2026, from https://financial-sector.statizoid.com/compare/goods-balance-credit-less-debit-net-credits-less-debits-us-dollar/armenia/iceland/

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About this data

Indicator
Goods balance (credit less debit), Net (credits less debits) (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
207 places, 3,864 data points, 2005–2024
Last refreshed

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.