Georgia vs Iceland: Manufacturing, value added
Manufacturing, value added over time
- Georgia
- Iceland
How they compare
Georgia currently reports 2.11 billion constant 2015 US$ against 1.97 billion constant 2015 US$ in Iceland, a difference of 145.41 million constant 2015 US$.
That makes Georgia's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 23 shared years of data; in 2003 it was Iceland ahead.
Georgia ranks 105th and Iceland ranks 108th of 184 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Georgia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.11 billion constant 2015 US$ | 1.37 billion constant 2015 US$ | 258.71 million constant 2015 US$ | Iceland |
| 2010s | 1.49 billion constant 2015 US$ | 1.78 billion constant 2015 US$ | 294.41 million constant 2015 US$ | Iceland |
| 2020s | 1.87 billion constant 2015 US$ | 1.98 billion constant 2015 US$ | 102.67 million constant 2015 US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Georgia or Iceland?
- Georgia, at 2.11 billion constant 2015 US$ against 1.97 billion constant 2015 US$ in Iceland as of 2025.
- What is the difference in manufacturing, value added between Georgia and Iceland?
- 145.41 million constant 2015 US$, with Georgia ahead.
- How many years of comparable data are there for Georgia and Iceland?
- 23 years are reported by both, from 2003 to 2025.
- How do Georgia and Iceland rank globally for manufacturing, value added?
- Georgia ranks 105th and Iceland ranks 108th of 184 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.