Iceland: Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
In , Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) was 1.28.
That's up 1.0% from 2022, the highest value since .
The global average for this indicator in 2023 was 19.71 . Iceland ranks #191 globally out of 202 reporting countries. Within Europe & Central Asia, it ranks #48 of 53.
Source: World Bank Open Data (TM.VAL.MRCH.WR.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 2.82
- Trough
- 0.56
- 1-year change
- +1.0%
- 5-year change
- +49.2%
- +8.3% / yr
- 10-year change
- +86.6%
- +6.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) |
|---|---|
| 1.2784 | |
| 1.2654 | |
| 0.9732 | |
| 1.1086 | |
| 0.8223 | |
| 0.8568 | |
| 2.8170 | |
| 0.8706 | |
| 1.9041 | |
| 1.3008 |
About Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Indicator code: TM.VAL.MRCH.WR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in 2023?
- In 2023, Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) was 1.28, according to World Bank Open Data.
- Is Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) rising or falling?
- Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) rose 1.0% from 2022 to 2023.
- How does Iceland rank globally on Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)?
- In 2023, Iceland ranked #191 out of 202 countries reporting Merchandise imports from low- and middle-income economies within region (% of total merchandise imports).
- How does Iceland's Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in 2023 was 19.71, so Iceland is below the world average. Within Europe & Central Asia, it ranks #48 of 53.
- What is Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Source: World Bank Open Data (TM.VAL.MRCH.WR.ZS), CC BY 4.0.