Iceland's import unit value index (2015 = 100) was 114 in 2025, the latest year in the World Bank's World Development Indicators. That is up 14% from 100 in 2015 (1.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 114 | 2025 |
| Five years earlier | 107.3 | 2020 |
| Ten years earlier | 100 | 2015 |
| Highest | 135 | 2022 |
| Lowest | 60 | 2001 |
| Average since 2016 | 117.44 | 2016–2025 |
| First recorded | 62 | 2000 |
What the numbers say
In 2025, Iceland's import unit value index (2015 = 100) fell 20.2 on 2024 (from 134.2 to 114).
Across the 24 yearly changes before that (2001 to 2024), the average change was +3.01 and a typical year strayed about 10.17 from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 18.9 in 2011 and the biggest yearly fall was 21.3 in 2009. 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 3.34 a year. A straight line explains 53% 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 2025, Iceland had the 179th highest value of the 204 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 | 114 | 2025 |
| World | 143.36 | 2018 |
Closest to Iceland in the 2025 ranking
- China — 176th of 204: 116
- Bahrain — 177th of 204: 115.3
- Philippines — 178th of 204: 114.2
- United States — 180th of 204: 114
- Dominican Republic — 181st of 204: 113.8
- Haiti — 182nd of 204: 112.2
What this measures
Import unit value indices come from UNCTAD's trade database. Unit value indices are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates. This indicator is an index series where 2015=100.
All 26 values
| Year | Import unit value index (2015 = 100) |
|---|---|
| 2025 | 114 |
| 2024 | 134.2 |
| 2023 | 134.1 |
| 2022 | 135 |
| 2021 | 121.8 |
| 2020 | 107.3 |
| 2019 | 110.8 |
| 2018 | 118.5 |
| 2017 | 104.2 |
| 2016 | 94.5 |
| 2015 |
Import unit value index (2015 = 100) in nearby economies
More private sector & trade data for Iceland
- Merchandise trade (% of GDP) — 46.94% (2025)
- Merchandise imports (current US$) — US$10.94 billion (2025)
- Merchandise exports (current US$) — US$7.17 billion (2025)
- Agricultural raw materials imports (% of merchandise imports) — 0.95% (2025)
- Food imports (% of merchandise imports) — 11.07% (2025)
- Fuel imports (% of merchandise imports) — 8.95% (2025)
- Manufactures imports (% of merchandise imports) — 71.11% (2025)
- Ores and metals imports (% of merchandise imports) — 7.9% (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 81.38% (2023)
Reading data like this
Questions people ask
- What is Iceland's import unit value index (2015 = 100)?
- 114 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 83.87% from 62 in 2000 (2.47% a year on average, compounded). The highest value was 135 in 2022 and the lowest 60 in 2001.
- How does Iceland rank?
- 179th highest of 204 economies with data for 2025.
- Is the latest change in import unit value index (2015 = 100) unusual for Iceland?
- In 2025, Iceland's import unit value index (2015 = 100) fell 20.2 on 2024 (from 134.2 to 114). Across the 24 yearly changes before that (2001 to 2024), the average change was +3.01 and a typical year strayed about 10.17 from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator TM.UVI.MRCH.XD.WD, licensed CC BY 4.0. Original source: Handbook of Statistics and data files., UN Conference on Trade and Development (UNCTAD), uri: http://unctadstat.unctad.org 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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