Iceland's travel services (% of service exports, BoP) was 45.83% in 2025, the latest year in the World Bank's World Development Indicators. That is up 8.73 percentage points from 37.1% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 45.83% | 2025 |
| Five years earlier | 23.15% | 2020 |
| Ten years earlier | 37.1% | 2015 |
| Highest | 47.19% | 2018 |
| Lowest | 7.03% | 1981 |
| Average since 2016 | 41.95% | 2016–2025 |
| First recorded | 7.07% | 1976 |
What the numbers say
In 2025, Iceland's travel services (% of service exports, BoP) rose 0.26 percentage points on 2024 (from 45.57% to 45.83%).
Across the 30 yearly changes before that (1980 to 2024), the average change was +1.38 percentage points and a typical year strayed about 5.57 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 12.26 percentage points in 2021 and the biggest yearly fall was 23.29 percentage points 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 52nd highest value of the 134 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 | 45.83% | 2025 |
| World | 19.75% | 2025 |
| Europe & Central Asia | 16.56% | 2025 |
| High income | 18.09% | 2025 |
Closest to Iceland in the 2025 ranking
What this measures
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 36 values
| Year | Travel services (% of service exports, BoP) |
|---|---|
| 2025 | 45.83 |
| 2024 | 45.57 |
| 2023 | 43.9 |
| 2022 | 40.83 |
| 2021 | 35.41 |
| 2020 | 23.15 |
| 2019 | 46.44 |
| 2018 | 47.19 |
| 2017 | 46.95 |
| 2016 | 44.2 |
| 2015 |
Travel services (% of service exports, BoP) in nearby economies
- Albania — 67.69% (2025)
- Armenia — 47.93% (2025)
- Austria — 27.55% (2025)
- Azerbaijan — 23.08% (2025)
- Belarus — 4.14% (2021)
- Belgium — 6.36% (2025)
- Bosnia and Herzegovina — 53.08% (2025)
- Bulgaria — 26.14% (2025)
- Croatia — 66.02% (2025)
- Cyprus — 13.35% (2025)
More economic policy & debt data for Iceland
- Total reserves, including gold (current US$) — US$7.73 billion (2025)
- Total reserves, excluding gold (current US$) — US$7.45 billion (2025)
- GDP (current US$) — US$38.58 billion (2025)
- GDP (current LCU) — 4.96 trillion (2025)
- GDP (constant 2015 US$) — US$23.12 billion (2025)
- GDP (constant LCU) — 3.59 trillion (2025)
- GDP per capita (current US$) — US$98,324 (2025)
- GDP per capita (current LCU) — 12.63 million (2025)
- GDP per capita (constant 2015 US$) — US$58,910 (2025)
- GDP per capita (constant LCU) — 9.14 million (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Iceland's travel services (% of service exports, BoP)?
- 45.83% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 38.76 percentage points from 7.07% in 1976. The highest value was 47.19% in 2018 and the lowest 7.03% in 1981.
- How does Iceland rank?
- 52nd highest of 134 economies with data for 2025.
- Is the latest change in travel services (% of service exports, BoP) unusual for Iceland?
- In 2025, Iceland's travel services (% of service exports, BoP) rose 0.26 percentage points on 2024 (from 45.57% to 45.83%). Across the 30 yearly changes before that (1980 to 2024), the average change was +1.38 percentage points and a typical year strayed about 5.57 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.GSR.TRVL.ZS, 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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