Exports of Services (BoP, USD) rose 17.2% to USD 6.31 bil in Iceland in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Iceland | March 11, 2019
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Exports of services as a part of balance of payment reached 6.31 USD bil in 2017 in Iceland, according to the National Statistical Office. This is 17.2 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Iceland reached an all time high of 6.31 USD bil in 2017 and an all time low of 0.173 USD bil in 1976. When compared to Iceland's main peers, exports of services as a part of balance of payment in Denmark amounted to 66.2 USD bil, 37.0 USD bil in Norway, 74.0 USD bil in Sweden and 361 USD bil in United Kingdom in 2017.

Iceland has been ranked 70th within the group of 120 countries we follow in terms of exports of services as a part of balance of payment, 5 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belgium USD bil 105 106 113 125 113
Denmark USD bil 67.4 67.4 71.5 73.4 64.4
Finland USD bil 24.2 24.6 26.3 26.1 25.6
France USD bil 237 234 254 273 255
Germany USD bil 252 252 273 299 277
Iceland USD bil 3.45 3.50 4.00 4.29 4.35
Ireland USD bil 104 107 118 133 140
Netherlands USD bil 137 133 143 156 169
Norway USD bil 40.9 46.5 48.6 49.4 41.6
Russia USD bil 58.0 62.3 70.1 65.7 51.6
Sweden USD bil 65.2 64.9 74.3 76.8 72.7
United Kingdom USD bil 316 324 349 374 356