{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-trade-balance-gdp","url":"https://apiardata.com/statistics/is-trade-balance-gdp","html_url":"https://apiardata.com/statistics/is-trade-balance-gdp/","title":"Iceland Trade Balance — Goods & Services (% of GDP) (2025)","description":"Iceland's Trade Balance — Goods & Services (% of GDP): -2.3 % of GDP (current prices) in 2025, -1pp YoY. Eurostat (NAMA_10_GDP), 2000–2025.","domain":"trade","category":"Trade & Flows","keywords":["Trade & Investment","Eurostat","Iceland","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"% of GDP (current prices)","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2025","variable_measured":"Iceland Trade Balance — Goods & Services (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Iceland (2025)","value":"-2.3","unit":"% of GDP (current prices)","trend":{"direction":"down","value":"-1pp YoY"}},{"label":"YoY Change","value":"-1pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Trade Balance — Goods & Services (% of GDP)"}],"observation_count":26,"observations":[{"period":"2000","value":-6.8},{"period":"2001","value":-0.8},{"period":"2002","value":1.6},{"period":"2003","value":-2.9},{"period":"2004","value":-5.6},{"period":"2005","value":-11.5},{"period":"2006","value":-16.5},{"period":"2007","value":-8.9},{"period":"2008","value":-2.1},{"period":"2009","value":8},{"period":"2010","value":9.8},{"period":"2011","value":7.8},{"period":"2012","value":5.9},{"period":"2013","value":8},{"period":"2014","value":6.5},{"period":"2015","value":7.8},{"period":"2016","value":7.2},{"period":"2017","value":5},{"period":"2018","value":4},{"period":"2019","value":5.6},{"period":"2020","value":-0.4},{"period":"2021","value":-1.5},{"period":"2022","value":0.4},{"period":"2023","value":0.7},{"period":"2024","value":-1.3},{"period":"2025","value":-2.3}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP (current prices)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"-2.3","yoyChange":"-1pp"},{"year":"2024","value":"-1.3","yoyChange":"-2pp"},{"year":"2023","value":"0.7","yoyChange":"+0.3pp"},{"year":"2022","value":"0.4","yoyChange":"+1.9pp"},{"year":"2021","value":"-1.5","yoyChange":"-1.1pp"},{"year":"2020","value":"-0.4","yoyChange":"-6pp"},{"year":"2019","value":"5.6","yoyChange":"+1.6pp"},{"year":"2018","value":"4.0","yoyChange":"-1pp"},{"year":"2017","value":"5.0","yoyChange":"-2.2pp"},{"year":"2016","value":"7.2","yoyChange":"-0.6pp"},{"year":"2015","value":"7.8","yoyChange":"+1.3pp"},{"year":"2014","value":"6.5","yoyChange":"-1.5pp"},{"year":"2013","value":"8.0","yoyChange":"+2.1pp"},{"year":"2012","value":"5.9","yoyChange":"-1.9pp"},{"year":"2011","value":"7.8","yoyChange":"-2pp"},{"year":"2010","value":"9.8","yoyChange":"+1.8pp"},{"year":"2009","value":"8.0","yoyChange":"+10.1pp"},{"year":"2008","value":"-2.1","yoyChange":"+6.8pp"},{"year":"2007","value":"-8.9","yoyChange":"+7.6pp"},{"year":"2006","value":"-16.5","yoyChange":"-5pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the external balance of goods and services as a share of GDP in Iceland from 2000 to present. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 9.8 % of GDP (current prices) in 2010 and reached its lowest recorded value of -16.5 in 2006. The latest reading of -2.3 in 2025 represents a change of -1pp."}]}