Travel and tourism contributed around 964 billion Icelandic króna – or around 6.86 billion U.S. dollars – to the gross domestic product in the northernmost European country in 2023. After the strong decline in 2020 due to the COVID-19 pandemic, the tourism sector seemed to have started the recovery in 2021.

The tourism sector GDP share in Iceland was forecast to continuously increase between 2023 and 2028 by in total five percentage points. The share is estimated to amount to 22.35 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Norway and Sweden.

Tourist Arrivals in Iceland decreased to 199689 in October from 224111 in September of 2025. This dataset provides - Iceland Foreign Visitors- actual values, historical data, forecast, chart, statistics, economic calendar and news.

IS: International Tourism: Receipts: for Travel Items data was reported at 2.411 USD bn in 2016. This records an increase from the previous number of 1.618 USD bn for 2015. IS: International Tourism: Receipts: for Travel Items data is updated yearly, averaging 445.500 USD mn from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 2.411 USD bn in 2016 and a record low of 173.000 USD mn in 1997. IS: International Tourism: Receipts: for Travel Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Tourism Statistics. International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

In 2021, the expenditure of foreign visitors in Iceland represented more than **** percent of the country's gross domestic product (GDP). Meanwhile, Icelandic travelers in other countries contributed nearly ***** percent to the GDP. Despite the recovery recorded versus the previous year, these share were still below pre-pandemic levels.

Actual value and historical data chart for Iceland International Tourism Number Of Arrivals

The Iceland Facility Management Market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 2.20% from 2025 to 2033. While the precise market size for 2025 is not provided, considering the average size of similar markets in comparable Nordic countries and a CAGR of 2.20%, a reasonable estimate for the 2025 market size would fall within the range of 70-90 million USD. This growth is driven by several key factors. Increasing urbanization in Iceland's major cities is leading to higher demand for efficient facility management services in commercial and residential sectors. The tourism sector's continued expansion also fuels this growth, necessitating robust maintenance and operational support for hotels, resorts, and other tourist facilities. Furthermore, a growing focus on sustainability and energy efficiency within the Icelandic business landscape is driving investment in advanced facility management technologies and practices. This includes increased adoption of smart building technologies and environmentally friendly cleaning solutions.
However, the market faces some restraints. The relatively small size of the Icelandic economy and the inherent challenges of operating in a geographically dispersed and sometimes harsh climate can limit expansion opportunities for some firms. Fluctuations in tourism numbers, a significant driver of facility management demand, also pose a potential risk to market stability. Despite these challenges, the long-term outlook for the Iceland facility management market remains positive, driven by a combination of economic growth, infrastructural development, and a heightened awareness of the importance of efficient and sustainable facility operations. Key players like MainManager (Orn Software ehf), Diversey Holdings Ltd, BG Cleaning, and Jolly Harbour are well-positioned to capitalize on these opportunities. Key drivers for this market are: Growing Trend of Smart Buildings, Steady Growth in Commercial Real Estate Sector; Increasing Demand of Energy Management Services. Potential restraints include: Lack of Skilled Workforce. Notable trends are: Integrated Facility Management to have a significant share.

Actual value and historical data chart for Iceland International Tourism Receipts Us Dollar

In 2019, Total Tourism GDP in Iceland rose 4.5points compared to the previous year.

Actual value and historical data chart for Iceland International Tourism Number Of Departures

Iceland IS: Imports: All Services: Travel data was reported at 225,067.000 ISK mn in 2023. This records an increase from the previous number of 204,896.700 ISK mn for 2022. Iceland IS: Imports: All Services: Travel data is updated yearly, averaging 146,187.500 ISK mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 225,067.000 ISK mn in 2023 and a record low of 70,802.200 ISK mn in 2020. Iceland IS: Imports: All Services: Travel data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Imports: by Services: OECD Member: Annual. This component of EBOPS 2010 differs from most internationally traded services in that it is transactor-based. Unlike most services in EBOPS, travel is not a specific product; rather, it encompasses a range of goods and services consumed by non-residents in the economy that they visit. Travel is defined as covering goods and services for own use or to be given away, acquired from an economy, by non-residents during visits to that economy. It covers stays of any length, provided that there is no change in residence.Travel includes goods and services acquired by persons undertaking study or medical care while outside the territory of residence. It also includes acquisitions of goods and services by seasonal, border and other short-term workers in the economy of employment.The goods and services may be purchased by the persons concerned or by another party on their behalf; for example, business travel may be paid for or reimbursed by an employer; tuition and living costs of a student may be paid by a overnment; and health costs may be paid or reimbursed by a Government or insurer. Goods and services supplied by the producer without charge are also included, for example, tuition and board provided by a university.The most common goods and services entered under travel are accommodation, food, beverages and transport purchased within the economy visited (all of which are consumed in the supplying economy). Gifts, souvenirs and other articles that are purchased for own use and that may be taken out of the economies visited are also included.In line with the accrual principle, goods and services acquired during the visit, but paid for earlier or later, are included in travel. Goods and services may be acquired by being paid for by the person going abroad, paid for on his or her behalf, provided without a quid pro quo (for example, free room and board received: in such a case, there is also a corresponding transfer) or produced on own account (as in some cases of ownership of real estate and time-share accommodation).The goods and services for own use or to be given away, purchased by or provided to the non-resident while on the trip that would otherwise be classified under another item, such as postal services, telecommunications, and transport, are included in travel. This includes transport within a particular economy being visited where such transport is provided by carriers resident in that economy but excludes the international carriage of persons, which is covered in passenger services under transport services. Also excluded are goods purchased for resale in the resident's own economy or in a third economy. The acquisition of valuables (such as jewellery and expensive art), consumer durable goods (such as cars and electronic goods) and other consumer purchases for own use that is in excess of customs thresholds, are excluded. These goods are included in general merchandise.Travel excludes the acquisition of goods and services by diplomats, consular staff, military personnel, etc., and their dependants in the territory in which they are posted (included in Government goods and services n.i.e.).

Iceland IS: Imports: USD: All Services: Travel data was reported at 1.632 USD bn in 2023. This records an increase from the previous number of 1.515 USD bn for 2022. Iceland IS: Imports: USD: All Services: Travel data is updated yearly, averaging 1.210 USD bn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 1.693 USD bn in 2018 and a record low of 522.800 USD mn in 2020. Iceland IS: Imports: USD: All Services: Travel data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Imports: USD: by Services: OECD Member: Annual. This component of EBOPS 2010 differs from most internationally traded services in that it is transactor-based. Unlike most services in EBOPS, travel is not a specific product; rather, it encompasses a range of goods and services consumed by non-residents in the economy that they visit. Travel is defined as covering goods and services for own use or to be given away, acquired from an economy, by non-residents during visits to that economy. It covers stays of any length, provided that there is no change in residence.Travel includes goods and services acquired by persons undertaking study or medical care while outside the territory of residence. It also includes acquisitions of goods and services by seasonal, border and other short-term workers in the economy of employment.The goods and services may be purchased by the persons concerned or by another party on their behalf; for example, business travel may be paid for or reimbursed by an employer; tuition and living costs of a student may be paid by a overnment; and health costs may be paid or reimbursed by a Government or insurer. Goods and services supplied by the producer without charge are also included, for example, tuition and board provided by a university.The most common goods and services entered under travel are accommodation, food, beverages and transport purchased within the economy visited (all of which are consumed in the supplying economy). Gifts, souvenirs and other articles that are purchased for own use and that may be taken out of the economies visited are also included.In line with the accrual principle, goods and services acquired during the visit, but paid for earlier or later, are included in travel. Goods and services may be acquired by being paid for by the person going abroad, paid for on his or her behalf, provided without a quid pro quo (for example, free room and board received: in such a case, there is also a corresponding transfer) or produced on own account (as in some cases of ownership of real estate and time-share accommodation).The goods and services for own use or to be given away, purchased by or provided to the non-resident while on the trip that would otherwise be classified under another item, such as postal services, telecommunications, and transport, are included in travel. This includes transport within a particular economy being visited where such transport is provided by carriers resident in that economy but excludes the international carriage of persons, which is covered in passenger services under transport services. Also excluded are goods purchased for resale in the resident's own economy or in a third economy. The acquisition of valuables (such as jewellery and expensive art), consumer durable goods (such as cars and electronic goods) and other consumer purchases for own use that is in excess of customs thresholds, are excluded. These goods are included in general merchandise.Travel excludes the acquisition of goods and services by diplomats, consular staff, military personnel, etc., and their dependants in the territory in which they are posted (included in Government goods and services n.i.e.).

Iceland IS: Trade Balance: All Services: Travel data was reported at 205,366.900 ISK mn in 2023. This records an increase from the previous number of 131,273.300 ISK mn for 2022. Iceland IS: Trade Balance: All Services: Travel data is updated yearly, averaging 131,273.300 ISK mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 205,366.900 ISK mn in 2023 and a record low of 15,938.200 ISK mn in 2020. Iceland IS: Trade Balance: All Services: Travel data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: by Services: OECD Member: Annual. This component of EBOPS 2010 differs from most internationally traded services in that it is transactor-based. Unlike most services in EBOPS, travel is not a specific product; rather, it encompasses a range of goods and services consumed by non-residents in the economy that they visit. Travel is defined as covering goods and services for own use or to be given away, acquired from an economy, by non-residents during visits to that economy. It covers stays of any length, provided that there is no change in residence.Travel includes goods and services acquired by persons undertaking study or medical care while outside the territory of residence. It also includes acquisitions of goods and services by seasonal, border and other short-term workers in the economy of employment.The goods and services may be purchased by the persons concerned or by another party on their behalf; for example, business travel may be paid for or reimbursed by an employer; tuition and living costs of a student may be paid by a overnment; and health costs may be paid or reimbursed by a Government or insurer. Goods and services supplied by the producer without charge are also included, for example, tuition and board provided by a university.The most common goods and services entered under travel are accommodation, food, beverages and transport purchased within the economy visited (all of which are consumed in the supplying economy). Gifts, souvenirs and other articles that are purchased for own use and that may be taken out of the economies visited are also included.In line with the accrual principle, goods and services acquired during the visit, but paid for earlier or later, are included in travel. Goods and services may be acquired by being paid for by the person going abroad, paid for on his or her behalf, provided without a quid pro quo (for example, free room and board received: in such a case, there is also a corresponding transfer) or produced on own account (as in some cases of ownership of real estate and time-share accommodation).The goods and services for own use or to be given away, purchased by or provided to the non-resident while on the trip that would otherwise be classified under another item, such as postal services, telecommunications, and transport, are included in travel. This includes transport within a particular economy being visited where such transport is provided by carriers resident in that economy but excludes the international carriage of persons, which is covered in passenger services under transport services. Also excluded are goods purchased for resale in the resident's own economy or in a third economy. The acquisition of valuables (such as jewellery and expensive art), consumer durable goods (such as cars and electronic goods) and other consumer purchases for own use that is in excess of customs thresholds, are excluded. These goods are included in general merchandise.Travel excludes the acquisition of goods and services by diplomats, consular staff, military personnel, etc., and their dependants in the territory in which they are posted (included in Government goods and services n.i.e.).

The tourism sector GDP share in Norway was forecast to increase between 2023 and 2028 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2028. The share is estimated to amount to **** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Sweden and Iceland.

This resource provides background for the following potential lessons:Use the impact of Icelandic tourism as a model. Students then select another country to research tourism trends.Show a few of Visit Iceland’s marketing campaigns. Discuss the positive and negative impact of tourism on the economy, environment, and culture.Trace the impact of media releases on tourism of featured areas (economics, language, local culture, food, etc.)Trace Iceland’s economic development starting in the late 1800s with the move to commercial fishing, to processing fish for export, exporting geothermal energy, and innovative tourism marketing

This statistic presents the distribution of travel and tourism's contribution to gross domestic product (GDP) in Iceland in 2017, by type of travel spending. Leisure spending amounted to ** percent of the total contribution of the travel and tourism industry to Iceland's GDP.

Iceland IS: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 48.099 % in 2017. This records an increase from the previous number of 44.761 % for 2016. Iceland IS: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 17.914 % from Dec 1976 (Median) to 2017, with 24 observations. The data reached an all-time high of 48.099 % in 2017 and a record low of 7.034 % in 1981. Iceland IS: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Iceland import data: Discover how diverse trade, renewable energy, and tourism fuel this North Atlantic economy.

Iceland IS: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 44.345 % in 2017. This records an increase from the previous number of 39.129 % for 2016. Iceland IS: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 32.985 % from Dec 1976 (Median) to 2017, with 24 observations. The data reached an all-time high of 51.633 % in 1990 and a record low of 19.198 % in 1976. Iceland IS: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

In Iceland, several industries saw a significant increase in turnover in 2021 compared to the previous year. The change was most notable within travel agency services, where the increase was at almost ** percent. The accommodation and cultural and sports activities had an increase of of around ** percent. The increase in turnover shows that several industries are recovering after the COVID-19 pandemic hit in 2020. Supermarkets and convenience stores had the lowest increase at only *** percent, as the restrictions imposed on them during the previous year were comparatively less strict than in other industries.