Iceland vs Norway: Manufacturing, value added
Manufacturing, value added over time
- Iceland
- Norway
How they compare
Iceland currently reports 422.68 billion current LCU against 337.42 billion current LCU in Norway, a difference of 85.26 billion current LCU.
That makes Iceland's figure about 1.3 times Norway's.
The two have swapped places 1 time across 31 shared years of data; in 1995 it was Norway ahead.
Iceland ranks 71st and Norway ranks 74th of 204 countries.
Across the 4 decades both report, Iceland averaged higher in 2 and Norway in 2.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 72.96 billion current LCU | 115.08 billion current LCU | 42.11 billion current LCU | Norway |
| 2000s | 114.52 billion current LCU | 166.57 billion current LCU | 52.05 billion current LCU | Norway |
| 2010s | 237.34 billion current LCU | 212.38 billion current LCU | 24.96 billion current LCU | Iceland |
| 2020s | 362.84 billion current LCU | 284.92 billion current LCU | 77.92 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Iceland or Norway?
- Iceland, at 422.68 billion current LCU against 337.42 billion current LCU in Norway as of 2025.
- What is the difference in manufacturing, value added between Iceland and Norway?
- 85.26 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and Norway?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and Norway rank globally for manufacturing, value added?
- Iceland ranks 71st and Norway ranks 74th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.