Bananas — Terms of trade in Iceland
Iceland: Bananas — Terms of trade was 87.33 % in 2024. ▼ Falling
Bananas — Terms of trade in Iceland, 2010–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Iceland recorded 87.33 % for bananas — terms of trade in 2024.
Compared with earlier readings it is up 5.5% on the previous year and down 8.3% over ten years.
Over the whole period, bananas — terms of trade in Iceland peaked at 256.2 % in 2012 and was at its lowest, 80.74 %, in 2022.
Iceland ranks 59th of 82 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Bananas — Terms of trade in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 138.96 % | — |
| 2011 | 133.77 % | -3.7% |
| 2012 | 256.2 % | +91.5% |
| 2013 | 197.09 % | -23.1% |
| 2014 | 95.19 % | -51.7% |
| 2015 | 100.64 % | +5.7% |
| 2016 | 105.02 % | +4.4% |
| 2017 | 101.78 % | -3.1% |
| 2018 | 103.57 % | +1.8% |
| 2019 | 139.31 % | +34.5% |
| 2020 | 141.21 % | +1.4% |
| 2021 | 149.35 % | +5.8% |
| 2022 | 80.74 % | -45.9% |
| 2023 | 82.81 % | +2.6% |
| 2024 | 87.33 % | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 137.15 % | 95.19 % | 256.2 % | 10 |
| 2020s | 108.29 % | 80.74 % | 149.35 % | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Agriculture share gdp 3.65 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 3.65 (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is bananas — terms of trade in Iceland?
- Bananas — terms of trade in Iceland was 87.33 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest bananas — terms of trade recorded in Iceland?
- The highest recorded value was 256.2 % in 2012.
- What is the lowest bananas — terms of trade recorded in Iceland?
- The lowest recorded value was 80.74 % in 2022.
- How does Iceland rank for bananas — terms of trade?
- Iceland ranks 59th out of 82 countries with data for 2024.
- Is bananas — terms of trade rising or falling in Iceland?
- Over the last ten years it is down 8.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Bananas — Terms of trade. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The food and agricultural trade indicators dataset is based on trade, production and gross domestic product (GDP) data. Agri-food trade data are collected, processed and disseminated by FAO according to the standard International Merchandise Trade Statistics (IMTS) Methodology. The data is mainly provided by UNSD, Eurostat, and other national authorities as needed. The source data is checked for outliers, trade partner data is used for non-reporting countries or missing cells, and data on food aid is added to take total cross-border trade flows into account. The trade database includes the following variables: export quantity, export value, import quantity, and import value. It includes all food and agricultural products imported/exported annually by all countries in the world. Production data details are available at https://www.fao.org/faostat/en/#data/QCL and GDP data details are available at https://www.fao.org/faostat/en/#data/MK