Iceland's container port traffic (TEU: 20 foot equivalent units) was 425,000 in 2023, the latest year in the World Bank's World Development Indicators. That is up 75.72% from 241,857 in 2013 (5.8% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 425,000 | 2023 |
| Five years earlier | 353,300 | 2018 |
| Ten years earlier | 241,857 | 2013 |
| Highest | 425,000 | 2023 |
| Lowest | 192,778 | 2010 |
| Average since 2014 | 334,696 | 2014–2023 |
| First recorded | 192,778 | 2010 |
What the numbers say
In 2023, Iceland's container port traffic (TEU: 20 foot equivalent units) rose 18.1% on 2022 (from 360,000 to 425,000).
Across the 12 yearly changes before that (2011 to 2022), the average change was +5.5% and a typical year strayed about 6.5% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 18.1% in 2023 and the biggest yearly fall was 6.5% in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 13,265 a year. A straight line explains 74% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Iceland had the 5th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Iceland | 425,000 | 2023 |
| World | 913.28 million | 2024 |
| Europe & Central Asia | 128.22 million | 2024 |
| High income | 379.15 million | 2024 |
Closest to Iceland in the 2023 ranking
- Trinidad and Tobago — 2nd of 12: 545,177
- Mozambique — 3rd of 12: 489,000
- Libya — 4th of 12: 465,168
- Guinea — 6th of 12: 286,286
- Cuba — 7th of 12: 281,140
- Albania — 8th of 12: 184,017
What this measures
Port container traffic measures the flow of containers from land to sea transport modes, and vice versa, in twenty-foot equivalent units (TEUs), a standard-size container. Data refer to coastal shipping as well as international journeys. Transshipment traffic is counted as two lifts at the intermediate port (once to off-load and again as an outbound lift) and includes empty units.
Limitations: Measures of port container traffic, much of it commodities of medium to high value added, give some indication of economic growth in a country. But when traffic is merely transshipment, much of the economic benefit goes to the terminal operator and ancillary services for ships and containers rather than to the country more broadly. In transshipment centers empty containers may account for as much as 40 percent of traffic. Data cover coastal shipping as well as international journeys. Transshipment traffic is counted as two lifts at the intermediate port (once to off-load and again as an outbound lift) and includes empty units.
Regional and income-group figures are computed by the World Bank as a sum.
All 14 values
| Year | Container port traffic (TEU: 20 foot equivalent units) |
|---|---|
| 2023 | 425,000 |
| 2022 | 360,000 |
| 2021 | 360,000 |
| 2020 | 320,000 |
| 2019 | 330,292 |
| 2018 | 353,300 |
| 2017 | 350,348 |
| 2016 | 308,660 |
| 2015 | 277,629 |
| 2014 | 261,732 |
| 2013 |
Container port traffic (TEU: 20 foot equivalent units) in nearby economies
More infrastructure data for Iceland
- Fixed telephone subscriptions — 68,518 (2024)
- Fixed telephone subscriptions (per 100 people) — 17.42 (2024)
- Air transport, registered carrier departures worldwide — 37,800 (2023)
- Air transport, freight (million ton-km) — 191.91 (2023)
- Air transport, passengers carried — 4.34 million (2023)
- Mobile cellular subscriptions — 475,724 (2024)
- Mobile cellular subscriptions (per 100 people) — 120.93 (2024)
- Patent applications, residents — 38 (2024)
- Patent applications, nonresidents — 5 (2024)
- Individuals using the Internet (% of population)
Reading data like this
Questions people ask
- What is Iceland's container port traffic (TEU: 20 foot equivalent units)?
- 425,000 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 120.46% from 192,778 in 2010 (6.27% a year on average, compounded). The highest value was 425,000 in 2023 and the lowest 192,778 in 2010.
- How does Iceland rank?
- 5th highest of 12 economies with data for 2023.
- Is the latest change in container port traffic (TEU: 20 foot equivalent units) unusual for Iceland?
- In 2023, Iceland's container port traffic (TEU: 20 foot equivalent units) rose 18.1% on 2022 (from 360,000 to 425,000). Across the 12 yearly changes before that (2011 to 2022), the average change was +5.5% and a typical year strayed about 6.5% from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator IS.SHP.GOOD.TU, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD), uri: http://unctad.org/en/Pages/statistics.aspx Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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