Chemicals in Iceland
Iceland: Chemicals was -6.8% in 2023. ◆ Volatile
Chemicals in Iceland, 1968–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Iceland recorded -6.8% for chemicals in 2023.
The figure is down 106.1% on the previous year and down 354.6% over ten years.
Over the whole period, chemicals in Iceland peaked at 8.1% in 2004 and was at its lowest, -7.3%, in 2017.
That places Iceland 153rd out of 153 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Chemicals in Iceland, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1968 | 3.3% | — |
| 1969 | 3.1% | -4.9% |
| 1970 | 2.7% | -14.4% |
| 1971 | 3.4% | +28.5% |
| 1972 | 2.9% | -15.1% |
| 1973 | 3.2% | +9.5% |
| 1974 | 3.1% | -2.3% |
| 1975 | 3.5% | +14.0% |
| 1976 | 3.1% | -12.9% |
| 1977 | 3.0% | -3.9% |
| 1978 | 2.8% | -7.1% |
| 1979 | 3.4% | +22.6% |
| 1980 | 2.9% | -12.8% |
| 1981 | 2.8% | -4.8% |
| 1982 | 4.0% | +43.1% |
| 1983 | 3.2% | -21.3% |
| 1984 | 3.6% | +15.3% |
| 1985 | 3.4% | -7.0% |
| 1986 | 3.4% | -1.2% |
| 1987 | 2.8% | -17.3% |
| 1988 | 3.7% | +32.4% |
| 1989 | 3.7% | +1.9% |
| 1990 | 3.8% | +0.9% |
| 1991 | 3.7% | -0.9% |
| 1992 | 4.2% | +11.1% |
| 1993 | 3.9% | -5.1% |
| 1994 | 3.2% | -19.7% |
| 1995 | 3.3% | +3.4% |
| 1996 | 3.2% | -3.4% |
| 1997 | 3.0% | -6.2% |
| 1998 | 3.1% | +4.1% |
| 1999 | 3.3% | +7.3% |
| 2000 | 3.6% | +7.3% |
| 2001 | 3.8% | +5.5% |
| 2002 | 4.3% | +13.9% |
| 2003 | 6.6% | +54.6% |
| 2004 | 8.1% | +22.8% |
| 2005 | 5.1% | -36.8% |
| 2006 | 5.1% | +0.0% |
| 2007 | 5.1% | +0.0% |
| 2008 | 5.1% | +0.0% |
| 2009 | 5.1% | +0.0% |
| 2010 | 5.1% | +0.0% |
| 2011 | 2.7% | -48.3% |
| 2012 | 2.7% | +0.0% |
| 2013 | 2.7% | +0.0% |
| 2014 | 2.7% | +0.0% |
| 2015 | 2.7% | +2.2% |
| 2016 | 1.3% | -52.8% |
| 2017 | -7.3% | -672.3% |
| 2018 | 1.4% | -119.3% |
| 2019 | 6.0% | +326.6% |
| 2020 | 0.7% | -88.0% |
| 2021 | -3.3% | -549.1% |
| 2022 | -3.3% | +0.8% |
| 2023 | -6.8% | +106.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.2% | 3.1% | 3.3% | 2 |
| 1970s | 3.1% | 2.7% | 3.5% | 10 |
| 1980s | 3.4% | 2.8% | 4.0% | 10 |
| 1990s | 3.5% | 3.0% | 4.2% | 10 |
| 2000s | 5.2% | 3.6% | 8.1% | 10 |
| 2010s | 2.0% | -7.3% | 6.0% | 10 |
| 2020s | -3.1% | -6.8% | 0.7% | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 45,300 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.4 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 100,546 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.3 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 131.34 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 12.91 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
Frequently asked questions
- What is chemicals in Iceland?
- Chemicals in Iceland was -6.8% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest chemicals recorded in Iceland?
- The highest recorded value was 8.1% in 2004.
- What is the lowest chemicals recorded in Iceland?
- The lowest recorded value was -7.3% in 2017.
- How does Iceland rank for chemicals?
- Iceland ranks 153rd out of 153 countries with data for 2023.
- Is chemicals rising or falling in Iceland?
- Over the last ten years it is down 354.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Chemicals (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Manufacturing of chemicals and chemical products includes industries classified in ISIC (Rev. 3) division 24. 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 as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).