Two-way investment brief
Australia–Iceland
Iceland direct investment in Australia
—
Total Iceland investment in Australia
A$4 m
Australian direct investment in Iceland
—
Total Australian investment in Iceland
A$50 m
Trend
Direct investment in both directions
- Iceland in Australia
- Australia in Iceland
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
- Direct investment
- Portfolio investment
- Other investment
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Net transactions during the year; negative = net disinvestment
- Iceland → Australia
- Australia → Iceland
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Trade relationship
Australia–Iceland trade
Investment and trade move together: the partners that invest most in Australia are usually major trading partners too. Goods trade is recorded monthly (latest: July 2026); services annually.
Two-way trade, 2025
A$311 m
Goods exports to Iceland, 2025
A$280 m
Goods imports from Iceland, 2025
A$30 m
Services trade, 2025
A$0 k
Calendar years, A$ (ABS merchandise trade)
- Exports to Iceland
- Imports from Iceland
Source: ABS, International Merchandise Trade (MERCH_EXP / MERCH_IMP), summed to calendar years.
Calendar years, A$ (ABS international trade in services by country)
- Exports to Iceland
- Imports from Iceland
Source: ABS, International Trade in Services by Country, calendar years.
Economic outlook
Iceland’s economy
| IMF World Economic Outlook | 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast |
|---|---|---|---|---|---|
| Real GDP growth | −1.3% | 1.3% | 1.9% | 2.1% | 2.4% |
| Inflation | 5.9% | 4.1% | 4.8% | 2.8% | 2.5% |
| Unemployment rate | 3.4% | 4.4% | 4.2% | 4.3% | 4.0% |
| Current account, % GDP | −3.2% | −3.6% | −0.7% | −0.1% | 0.1% |
| Fiscal balance, % GDP | −3.7% | −2.8% | −1.1% | −0.5% | −0.2% |
| Government gross debt, % GDP | 60.4% | 56.1% | 53.6% | 51.7% | 49.9% |
Source: IMF World Economic Outlook via the IMF DataMapper API. Years from 2026 are IMF projections; recent years may be estimates and are revised in each WEO round (April and October).
2025 at a glance
- New FDI from Iceland
- —
- New Australian FDI in Iceland
- —
- Direct investment income paid to investors
- —
- Direct investment income earned by Australians
- —
Iceland globally (World Bank)
- FDI outflows, 2024
- $300 m · 70th
- FDI inflows, 2025
- −$202 m
- GDP, 2025
- $38.6 bn
- Region · income
- Europe & Central Asia · High income
Regulatory openness (OECD FDIRRI)
OECD index data loading — see FDI openness
Sources: ABS, International Investment Position, Australia: Supplementary Statistics (cat. 5352.0), 2025 release, released 2026-05-06 — levels at 31 December and calendar-year flows and income, A$ millions, immediate counterparty basis (investment routed via third economies is attributed to the intermediate economy). World Bank WDI (US$). OECD FDI Regulatory Restrictiveness Index. np = not published for confidentiality; included in totalsPrepared independently by FDIstats from public statistics; not an Australian Government publication and not investment advice. For foreign investment rules, see the Treasury and FIRB.