Food, beverages and tobacco in Iceland
Iceland: Food, beverages and tobacco was 52.4% in 2023. ▬ Flat
Food, beverages and tobacco in Iceland, 1968–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for food, beverages and tobacco in Iceland is 52.4%, measured in 2023.
That represents a change of up 18.3% on the previous year and up 11.5% over ten years.
Over the whole period, food, beverages and tobacco in Iceland peaked at 53.9% in 2019 and was at its lowest, 31.4%, in 2005.
That places Iceland 34th out of 157 countries with data for 2023, putting it in the top quarter.
Food, beverages and tobacco in Iceland, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1968 | 51.4% | — |
| 1969 | 51.0% | -0.8% |
| 1970 | 45.8% | -10.1% |
| 1971 | 43.3% | -5.5% |
| 1972 | 46.7% | +7.8% |
| 1973 | 43.6% | -6.7% |
| 1974 | 42.8% | -1.7% |
| 1975 | 44.9% | +4.8% |
| 1976 | 46.0% | +2.4% |
| 1977 | 45.7% | -0.7% |
| 1978 | 47.3% | +3.6% |
| 1979 | 43.5% | -8.1% |
| 1980 | 38.5% | -11.6% |
| 1981 | 44.5% | +15.7% |
| 1982 | 38.5% | -13.6% |
| 1983 | 37.6% | -2.1% |
| 1984 | 38.6% | +2.7% |
| 1985 | 43.1% | +11.5% |
| 1986 | 45.8% | +6.2% |
| 1987 | 43.7% | -4.4% |
| 1988 | 37.3% | -14.7% |
| 1989 | 38.9% | +4.3% |
| 1990 | 47.6% | +22.3% |
| 1991 | 50.5% | +6.1% |
| 1992 | 50.3% | -0.5% |
| 1993 | 51.5% | +2.3% |
| 1994 | 51.9% | +0.8% |
| 1995 | 49.2% | -5.2% |
| 1996 | 45.8% | -6.9% |
| 1997 | 44.0% | -3.8% |
| 1998 | 42.9% | -2.5% |
| 1999 | 41.9% | -2.4% |
| 2000 | 36.6% | -12.6% |
| 2001 | 43.5% | +18.8% |
| 2002 | 37.8% | -13.0% |
| 2003 | 37.9% | +0.2% |
| 2004 | 33.6% | -11.3% |
| 2005 | 31.4% | -6.6% |
| 2006 | 31.4% | +0.0% |
| 2007 | 31.4% | +0.0% |
| 2008 | 31.4% | +0.0% |
| 2009 | 31.4% | +0.0% |
| 2010 | 31.4% | +0.0% |
| 2011 | 47.0% | +49.5% |
| 2012 | 47.0% | +0.0% |
| 2013 | 47.0% | +0.0% |
| 2014 | 47.0% | +0.0% |
| 2015 | 48.0% | +2.2% |
| 2016 | 48.7% | +1.5% |
| 2017 | 47.3% | -3.0% |
| 2018 | 48.0% | +1.6% |
| 2019 | 53.9% | +12.2% |
| 2020 | 51.8% | -3.8% |
| 2021 | 44.8% | -13.6% |
| 2022 | 44.3% | -1.1% |
| 2023 | 52.4% | +18.3% |
Iceland compared with similar countries
- Iceland's 52.4% is above the median for high income countries, which is 13.5%, 3.9× the median. (57 countries reporting)
- Iceland's 52.4% is above the median for Europe & Central Asia, which is 17.9%, 2.9× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Food, beverages and tobacco in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +49.5% | 31.4% | 47.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 51.2% | 51.0% | 51.4% | 2 |
| 1970s | 45.0% | 42.8% | 47.3% | 10 |
| 1980s | 40.6% | 37.3% | 45.8% | 10 |
| 1990s | 47.6% | 41.9% | 51.9% | 10 |
| 2000s | 34.7% | 31.4% | 43.5% | 10 |
| 2010s | 46.5% | 31.4% | 53.9% | 10 |
| 2020s | 48.3% | 44.3% | 52.4% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is food, beverages and tobacco in Iceland?
- Food, beverages and tobacco in Iceland was 52.4% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest food, beverages and tobacco recorded in Iceland?
- The highest recorded value was 53.9% in 2019.
- What is the lowest food, beverages and tobacco recorded in Iceland?
- The lowest recorded value was 31.4% in 2005.
- How does Iceland rank for food, beverages and tobacco?
- Iceland ranks 34th out of 157 countries with data for 2023.
- Is food, beverages and tobacco rising or falling in Iceland?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is flat.
- 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 Food, beverages and tobacco (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing of food, beverages, and tobacco includes industries classified in ISIC (Rev. 3) divisions 15 and 16. 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).