Iceland: ICT service exports (BoP, current US$)

Key figures

What the numbers say

In 2025, Iceland's ICT service exports (BoP, current US$) rose 49.7% on 2024 (from US$531.98 million to US$796.24 million).

Across the 19 yearly changes before that (1991 to 2024), the average change was +8.9% and a typical year strayed about 11.2% from that (the standard deviation). This year's change was 3.6 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 49.7% in 2025 and the biggest yearly fall was 14.8% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$44.69 million a year. A straight line explains 80% 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.

A straight-line projection, tested first

Extending that straight line gives about US$762.17 million for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$97.63 million, against US$137.57 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Iceland had the 67th highest value of the 130 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.

Closest to Iceland in the 2025 ranking

• Uzbekistan — 64th of 130: US$921.5 million
• Sri Lanka — 65th of 130: US$902.87 million
• Moldova — 66th of 130: US$893.13 million
• North Macedonia — 68th of 130: US$764.41 million
• Chile — 69th of 130: US$764.07 million
• Bangladesh — 70th of 130: US$740.89 million

What this measures

Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 22 values

ICT service exports (BoP, current US$) in nearby economies

• Albania — US$294.6 million (2025)
• Armenia — US$1.77 billion (2025)
• Austria — US$13.64 billion (2025)
• Azerbaijan — US$130.31 million (2025)
• Belarus — US$3.24 billion (2021)
• Belgium — US$24.17 billion (2025)
• Bosnia and Herzegovina — US$521.85 million (2025)
• Bulgaria — US$4.78 billion (2025)
• Croatia — US$2.24 billion (2025)
• Cyprus — US$10.03 billion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Iceland's ICT service exports (BoP, current US$)?

US$796.24 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 5,104% from US$15.3 million in 1990 (11.95% a year on average, compounded). The highest value was US$796.24 million in 2025 and the lowest US$15.3 million in 1990.

Source

World Bank, World Development Indicators, indicator BX.GSR.CCIS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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.

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