Industry (including construction), value added (constant LCU), annual in Iceland
Iceland: Industry (including construction), value added (constant LCU), annual was -1.23 % change on previous year in 2025. ◆ Volatile
Industry (including construction), value added (constant LCU), annual in Iceland, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded -1.23 % change on previous year for industry (including construction), value added (constant lcu), annual in 2025.
The figure is down 164.9% on the previous year and down 130.2% over ten years.
Over the whole period, industry (including construction), value added (constant lcu), annual in Iceland peaked at 13.1 % change on previous year in 2004 and was at its lowest, -19.88 % change on previous year, in 2009.
Iceland ranks 168th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (constant LCU), annual in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 3.68 % change on previous year | — |
| 1997 | 3.16 % change on previous year | -14.2% |
| 1998 | 2.72 % change on previous year | -14.0% |
| 1999 | 2.41 % change on previous year | -11.5% |
| 2000 | 7.75 % change on previous year | +221.9% |
| 2001 | 3.24 % change on previous year | -58.2% |
| 2002 | -2.44 % change on previous year | -175.2% |
| 2003 | 0.9995 % change on previous year | -141.0% |
| 2004 | 13.1 % change on previous year | +1210.3% |
| 2005 | 11.03 % change on previous year | -15.8% |
| 2006 | 10.23 % change on previous year | -7.3% |
| 2007 | 5.59 % change on previous year | -45.4% |
| 2008 | -2.58 % change on previous year | -146.2% |
| 2009 | -19.88 % change on previous year | +670.5% |
| 2010 | -1.35 % change on previous year | -93.2% |
| 2011 | 1.52 % change on previous year | -212.8% |
| 2012 | 2.35 % change on previous year | +54.9% |
| 2013 | 4.71 % change on previous year | +100.0% |
| 2014 | 6.14 % change on previous year | +30.4% |
| 2015 | 4.05 % change on previous year | -34.1% |
| 2016 | 7.47 % change on previous year | +84.5% |
| 2017 | 2.1 % change on previous year | -71.9% |
| 2018 | 5.74 % change on previous year | +173.4% |
| 2019 | -4.44 % change on previous year | -177.4% |
| 2020 | -2.75 % change on previous year | -38.0% |
| 2021 | 3.94 % change on previous year | -243.1% |
| 2022 | 6.98 % change on previous year | +77.2% |
| 2023 | 2.9 % change on previous year | -58.4% |
| 2024 | 1.89 % change on previous year | -35.0% |
| 2025 | -1.23 % change on previous year | -164.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.99 % change on previous year | 2.41 % change on previous year | 3.68 % change on previous year | 4 |
| 2000s | 2.7 % change on previous year | -19.88 % change on previous year | 13.1 % change on previous year | 10 |
| 2010s | 2.83 % change on previous year | -4.44 % change on previous year | 7.47 % change on previous year | 10 |
| 2020s | 1.95 % change on previous year | -2.75 % change on previous year | 6.98 % change on previous year | 6 |
Countries ranked near Iceland
- 165 Germany -1.08 % change on previous year compare
- 166 Austria -1.11 % change on previous year compare
- 167 Yemen -1.12 % change on previous year compare
- 169 Mexico -1.27 % change on previous year compare
- 170 Greenland -1.29 % change on previous year compare
- 171 Hungary -1.4 % change on previous year 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$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (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 lcu), annual in Iceland?
- Industry (including construction), value added (constant lcu), annual in Iceland was -1.23 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest industry (including construction), value added (constant lcu), annual recorded in Iceland?
- The highest recorded value was 13.1 % change on previous year in 2004.
- What is the lowest industry (including construction), value added (constant lcu), annual recorded in Iceland?
- The lowest recorded value was -19.88 % change on previous year in 2009.
- How does Iceland rank for industry (including construction), value added (constant lcu), annual?
- Iceland ranks 168th out of 197 countries with data for 2025.
- Is industry (including construction), value added (constant lcu), annual rising or falling in Iceland?
- Over the last ten years it is down 130.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Industry (including construction), value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Industry (including construction), value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Industry (including construction), value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.