Goods balance (credit less debit), Net (credits less debits) (US) in Iceland
Iceland: Goods balance (credit less debit), Net (credits less debits) (US) was -2.31 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
Iceland recorded -2.31 billion for goods balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 10.5% on the previous year and down 3,430.3% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Iceland peaked at 523.79 million in 2010 and was at its lowest, -2.69 billion, in 2006.
That places Iceland 126th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.78 billion | — |
| 2006 | -2.69 billion | +50.9% |
| 2007 | -2.10 billion | -22.1% |
| 2008 | -990.58 million | -52.8% |
| 2009 | 349.96 million | -135.3% |
| 2010 | 523.79 million | +49.7% |
| 2011 | 315.68 million | -39.7% |
| 2012 | 98.62 million | -68.8% |
| 2013 | 62.49 million | -36.6% |
| 2014 | -65.46 million | -204.8% |
| 2015 | -233.39 million | +256.5% |
| 2016 | -749.59 million | +221.2% |
| 2017 | -1.47 billion | +96.5% |
| 2018 | -1.41 billion | -4.2% |
| 2019 | -816.46 million | -42.1% |
| 2020 | -590.34 million | -27.7% |
| 2021 | -1.05 billion | +77.5% |
| 2022 | -1.47 billion | +40.1% |
| 2023 | -2.09 billion | +42.5% |
| 2024 | -2.31 billion | +10.5% |
Iceland compared with similar countries
- Iceland's -2.31 billion is below the median for high income countries, which is -810.36 million, 2.9× the median. (72 countries reporting)
- Iceland's -2.31 billion is above the median for Europe & Central Asia, which is -3.17 billion, 73% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.44 billion | -2.69 billion | 349.96 million | 5 |
| 2010s | -374.81 million | -1.47 billion | 523.79 million | 10 |
| 2020s | -1.50 billion | -2.31 billion | -590.34 million | 5 |
Countries ranked near Iceland
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Iceland?
- Goods balance (credit less debit), net (credits less debits) in Iceland was -2.31 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Iceland?
- The highest recorded value was 523.79 million in 2010.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Iceland?
- The lowest recorded value was -2.69 billion in 2006.
- How does Iceland rank for goods balance (credit less debit), net (credits less debits)?
- Iceland ranks 126th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Iceland?
- Over the last ten years it is down 3,430.3%. 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 Goods balance (credit less debit), Net (credits less debits) (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.