Merchandise trade as a share of gdp reached 53.9% in 2021 in Iceland, according to the National Statistical Office. This is 13.8% more than in the previous year.
Historically, merchandise trade as a share of GDP in Iceland reached an all time high of 68.4% in 1960 and an all time low of 41.7% in 1967.
Iceland has been ranked 96th within the group of 165 countries we follow in terms of merchandise trade as a share of GDP.
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