Gross value added and income by detailed industry in Iceland
Iceland: Gross value added and income by detailed industry was 119.11 Chain linked volumes, index 2020=100 in 2023. ▲ Rising
Latest (2023)
119.11 Chain linked volumes, index 2020=100
Change on year
up 4.0%
World rank
12th
of 44 countries
All-time high
119.11 Chain linked volumes, index 2020=100
in 2023
All-time low
47.98 Chain linked volumes, index 2020=100
in 1995
Years of data
29
1995–2023
Gross value added and income by detailed industry in Iceland, 1995–2023
Source: Eurostat. Measured in Chain linked volumes, index 2020=100.
Analysis
In 2023, gross value added and income by detailed industry in Iceland stood at 119.11 Chain linked volumes, index 2020=100. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 40.0% over ten years.
Over the whole period, gross value added and income by detailed industry in Iceland peaked at 119.11 Chain linked volumes, index 2020=100 in 2023 and was at its lowest, 47.98 Chain linked volumes, index 2020=100, in 1995.
Iceland ranks 12th of 44 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross value added and income by detailed industry in Iceland, year by year
| Year | Chain linked volumes, index 2020=100 | Change |
|---|---|---|
| 1995 | 47.98 Chain linked volumes, index 2020=100 | — |
| 1996 | 50.87 Chain linked volumes, index 2020=100 | +6.0% |
| 1997 | 53.25 Chain linked volumes, index 2020=100 | +4.7% |
| 1998 | 57.46 Chain linked volumes, index 2020=100 | +7.9% |
| 1999 | 60.36 Chain linked volumes, index 2020=100 | +5.1% |
| 2000 | 63.56 Chain linked volumes, index 2020=100 | +5.3% |
| 2001 | 65.82 Chain linked volumes, index 2020=100 | +3.6% |
| 2002 | 65.75 Chain linked volumes, index 2020=100 | -0.1% |
| 2003 | 67.8 Chain linked volumes, index 2020=100 | +3.1% |
| 2004 | 72.2 Chain linked volumes, index 2020=100 | +6.5% |
| 2005 | 75.63 Chain linked volumes, index 2020=100 | +4.7% |
| 2006 | 78.7 Chain linked volumes, index 2020=100 | +4.1% |
| 2007 | 85.36 Chain linked volumes, index 2020=100 | +8.5% |
| 2008 | 87.56 Chain linked volumes, index 2020=100 | +2.6% |
| 2009 | 81.74 Chain linked volumes, index 2020=100 | -6.6% |
| 2010 | 79.36 Chain linked volumes, index 2020=100 | -2.9% |
| 2011 | 80.69 Chain linked volumes, index 2020=100 | +1.7% |
| 2012 | 82.05 Chain linked volumes, index 2020=100 | +1.7% |
| 2013 | 85.11 Chain linked volumes, index 2020=100 | +3.7% |
| 2014 | 86.79 Chain linked volumes, index 2020=100 | +2.0% |
| 2015 | 90.51 Chain linked volumes, index 2020=100 | +4.3% |
| 2016 | 96.06 Chain linked volumes, index 2020=100 | +6.1% |
| 2017 | 100.49 Chain linked volumes, index 2020=100 | +4.6% |
| 2018 | 105.43 Chain linked volumes, index 2020=100 | +4.9% |
| 2019 | 107.37 Chain linked volumes, index 2020=100 | +1.8% |
| 2020 | 100 Chain linked volumes, index 2020=100 | -6.9% |
| 2021 | 105.62 Chain linked volumes, index 2020=100 | +5.6% |
| 2022 | 114.53 Chain linked volumes, index 2020=100 | +8.4% |
| 2023 | 119.11 Chain linked volumes, index 2020=100 | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 53.98 Chain linked volumes, index 2020=100 | 47.98 Chain linked volumes, index 2020=100 | 60.36 Chain linked volumes, index 2020=100 | 5 |
| 2000s | 74.41 Chain linked volumes, index 2020=100 | 63.56 Chain linked volumes, index 2020=100 | 87.56 Chain linked volumes, index 2020=100 | 10 |
| 2010s | 91.39 Chain linked volumes, index 2020=100 | 79.36 Chain linked volumes, index 2020=100 | 107.37 Chain linked volumes, index 2020=100 | 10 |
| 2020s | 109.82 Chain linked volumes, index 2020=100 | 100 Chain linked volumes, index 2020=100 | 119.11 Chain linked volumes, index 2020=100 | 4 |
Countries ranked near Iceland
- 9 Spain 121.17 Chain linked volumes, index 2020=100 compare
- 10 Serbia 120.4 Chain linked volumes, index 2020=100 compare
- 11 Denmark 119.41 Chain linked volumes, index 2020=100 compare
- 13 Bulgaria 118.55 Chain linked volumes, index 2020=100 compare
- 14 Portugal 118.48 Chain linked volumes, index 2020=100 compare
- 15 Greece 118.11 Chain linked volumes, index 2020=100 compare
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 gross value added and income by detailed industry in Iceland?
- Gross value added and income by detailed industry in Iceland was 119.11 Chain linked volumes, index 2020=100 in 2023, according to Eurostat.
- What is the highest gross value added and income by detailed industry recorded in Iceland?
- The highest recorded value was 119.11 Chain linked volumes, index 2020=100 in 2023.
- What is the lowest gross value added and income by detailed industry recorded in Iceland?
- The lowest recorded value was 47.98 Chain linked volumes, index 2020=100 in 1995.
- How does Iceland rank for gross value added and income by detailed industry?
- Iceland ranks 12th out of 44 countries with data for 2023.
- Is gross value added and income by detailed industry rising or falling in Iceland?
- Over the last ten years it is up 40.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Gross value added and income by detailed industry (NACE Rev.2 ). Statizoid updates them automatically from the source API.
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