Industry (including construction), value added (constant 2015 US$) in Iceland
Iceland: Industry (including construction), value added (constant 2015 US$) was 0.1135 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Industry (including construction), value added (constant 2015 US$) in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2025, industry (including construction), value added (constant 2015 us$) in Iceland stood at 0.1135 constant 2015 US$ per US$ of GDP. That is the lowest value across all 31 years on record.
The figure is down 15.0% on the previous year and down 43.0% over ten years.
Over the whole period, industry (including construction), value added (constant 2015 us$) in Iceland peaked at 0.318 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.1135 constant 2015 US$ per US$ of GDP, in 2025.
Iceland ranks 161st of 195 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Industry (including construction), value added (constant 2015 US$) in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.2869 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.2853 constant 2015 US$ per US$ of GDP | -0.6% |
| 1997 | 0.2932 constant 2015 US$ per US$ of GDP | +2.8% |
| 1998 | 0.269 constant 2015 US$ per US$ of GDP | -8.2% |
| 1999 | 0.2613 constant 2015 US$ per US$ of GDP | -2.9% |
| 2000 | 0.2805 constant 2015 US$ per US$ of GDP | +7.4% |
| 2001 | 0.318 constant 2015 US$ per US$ of GDP | +13.4% |
| 2002 | 0.2743 constant 2015 US$ per US$ of GDP | -13.8% |
| 2003 | 0.2255 constant 2015 US$ per US$ of GDP | -17.8% |
| 2004 | 0.2113 constant 2015 US$ per US$ of GDP | -6.3% |
| 2005 | 0.191 constant 2015 US$ per US$ of GDP | -9.6% |
| 2006 | 0.2043 constant 2015 US$ per US$ of GDP | +7.0% |
| 2007 | 0.1736 constant 2015 US$ per US$ of GDP | -15.0% |
| 2008 | 0.2035 constant 2015 US$ per US$ of GDP | +17.2% |
| 2009 | 0.2252 constant 2015 US$ per US$ of GDP | +10.7% |
| 2010 | 0.2108 constant 2015 US$ per US$ of GDP | -6.4% |
| 2011 | 0.1936 constant 2015 US$ per US$ of GDP | -8.2% |
| 2012 | 0.2041 constant 2015 US$ per US$ of GDP | +5.4% |
| 2013 | 0.1966 constant 2015 US$ per US$ of GDP | -3.7% |
| 2014 | 0.1878 constant 2015 US$ per US$ of GDP | -4.5% |
| 2015 | 0.1993 constant 2015 US$ per US$ of GDP | +6.1% |
| 2016 | 0.1798 constant 2015 US$ per US$ of GDP | -9.8% |
| 2017 | 0.1545 constant 2015 US$ per US$ of GDP | -14.1% |
| 2018 | 0.1534 constant 2015 US$ per US$ of GDP | -0.7% |
| 2019 | 0.1565 constant 2015 US$ per US$ of GDP | +2.0% |
| 2020 | 0.1726 constant 2015 US$ per US$ of GDP | +10.3% |
| 2021 | 0.1507 constant 2015 US$ per US$ of GDP | -12.7% |
| 2022 | 0.1449 constant 2015 US$ per US$ of GDP | -3.8% |
| 2023 | 0.1373 constant 2015 US$ per US$ of GDP | -5.3% |
| 2024 | 0.1336 constant 2015 US$ per US$ of GDP | -2.7% |
| 2025 | 0.1135 constant 2015 US$ per US$ of GDP | -15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2791 constant 2015 US$ per US$ of GDP | 0.2613 constant 2015 US$ per US$ of GDP | 0.2932 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.2307 constant 2015 US$ per US$ of GDP | 0.1736 constant 2015 US$ per US$ of GDP | 0.318 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.1836 constant 2015 US$ per US$ of GDP | 0.1534 constant 2015 US$ per US$ of GDP | 0.2108 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.1421 constant 2015 US$ per US$ of GDP | 0.1135 constant 2015 US$ per US$ of GDP | 0.1726 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 158 Belize 0.1172 constant 2015 US$ per US$ of GDP compare
- 159 Guinea-Bissau 0.1163 constant 2015 US$ per US$ of GDP compare
- 160 Estonia 0.1142 constant 2015 US$ per US$ of GDP compare
- 162 Latvia 0.1132 constant 2015 US$ per US$ of GDP compare
- 163 Nepal 0.1118 constant 2015 US$ per US$ of GDP compare
- 164 Vanuatu 0.1111 constant 2015 US$ per US$ of GDP 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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
Frequently asked questions
- What is industry (including construction), value added (constant 2015 us$) in Iceland?
- Industry (including construction), value added (constant 2015 us$) in Iceland was 0.1135 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest industry (including construction), value added (constant 2015 us$) recorded in Iceland?
- The highest recorded value was 0.318 constant 2015 US$ per US$ of GDP in 2001.
- What is the lowest industry (including construction), value added (constant 2015 us$) recorded in Iceland?
- The lowest recorded value was 0.1135 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for industry (including construction), value added (constant 2015 us$)?
- Iceland ranks 161st out of 195 countries with data for 2025.
- Is industry (including construction), value added (constant 2015 us$) rising or falling in Iceland?
- Over the last ten years it is down 43.0%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Industry (including construction), value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Industry (including construction), value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.