Germany vs Iceland: Services, value added
Services, value added over time
- Germany
- Iceland
How they compare
Iceland currently reports 2.42 trillion constant LCU against 2.41 trillion constant LCU in Germany, a difference of 9.44 billion constant LCU.
The two have swapped places 3 times across 31 shared years of data; in 1995 it was Germany ahead.
Germany ranks 60th and Iceland ranks 59th of 198 countries.
Germany has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Germany | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.58 trillion constant LCU | 1.00 trillion constant LCU | 580.24 billion constant LCU | Germany |
| 2000s | 1.85 trillion constant LCU | 1.45 trillion constant LCU | 407.90 billion constant LCU | Germany |
| 2010s | 2.12 trillion constant LCU | 1.83 trillion constant LCU | 292.37 billion constant LCU | Germany |
| 2020s | 2.34 trillion constant LCU | 2.24 trillion constant LCU | 97.66 billion constant LCU | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Germany or Iceland?
- Iceland, at 2.42 trillion constant LCU against 2.41 trillion constant LCU in Germany as of 2025.
- What is the difference in services, value added between Germany and Iceland?
- 9.44 billion constant LCU, with Iceland ahead.
- How many years of comparable data are there for Germany and Iceland?
- 31 years are reported by both, from 1995 to 2025.
- How do Germany and Iceland rank globally for services, value added?
- Germany ranks 60th and Iceland ranks 59th of 198 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 varies by country. This series is expressed in local currency units.