Industry (including construction), value added (constant LCU), per in Iceland
Iceland: Industry (including construction), value added (constant LCU), per was 17.85 constant LCU per US$ of GDP in 2025. ▼ Falling
Industry (including construction), value added (constant LCU), per in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, industry (including construction), value added (constant lcu), per in Iceland stood at 17.85 constant LCU 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 lcu), per in Iceland peaked at 50 constant LCU per US$ of GDP in 2001 and was at its lowest, 17.85 constant LCU per US$ of GDP, in 2025.
That places Iceland 52nd out of 198 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Industry (including construction), value added (constant LCU), per in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 45.1 constant LCU per US$ of GDP | — |
| 1996 | 44.85 constant LCU per US$ of GDP | -0.6% |
| 1997 | 46.09 constant LCU per US$ of GDP | +2.8% |
| 1998 | 42.29 constant LCU per US$ of GDP | -8.2% |
| 1999 | 41.08 constant LCU per US$ of GDP | -2.9% |
| 2000 | 44.1 constant LCU per US$ of GDP | +7.4% |
| 2001 | 50 constant LCU per US$ of GDP | +13.4% |
| 2002 | 43.12 constant LCU per US$ of GDP | -13.8% |
| 2003 | 35.46 constant LCU per US$ of GDP | -17.8% |
| 2004 | 33.21 constant LCU per US$ of GDP | -6.3% |
| 2005 | 30.03 constant LCU per US$ of GDP | -9.6% |
| 2006 | 32.12 constant LCU per US$ of GDP | +7.0% |
| 2007 | 27.29 constant LCU per US$ of GDP | -15.0% |
| 2008 | 32 constant LCU per US$ of GDP | +17.2% |
| 2009 | 35.41 constant LCU per US$ of GDP | +10.7% |
| 2010 | 33.15 constant LCU per US$ of GDP | -6.4% |
| 2011 | 30.43 constant LCU per US$ of GDP | -8.2% |
| 2012 | 32.09 constant LCU per US$ of GDP | +5.4% |
| 2013 | 30.91 constant LCU per US$ of GDP | -3.7% |
| 2014 | 29.52 constant LCU per US$ of GDP | -4.5% |
| 2015 | 31.33 constant LCU per US$ of GDP | +6.1% |
| 2016 | 28.27 constant LCU per US$ of GDP | -9.8% |
| 2017 | 24.28 constant LCU per US$ of GDP | -14.1% |
| 2018 | 24.12 constant LCU per US$ of GDP | -0.7% |
| 2019 | 24.61 constant LCU per US$ of GDP | +2.0% |
| 2020 | 27.14 constant LCU per US$ of GDP | +10.3% |
| 2021 | 23.69 constant LCU per US$ of GDP | -12.7% |
| 2022 | 22.79 constant LCU per US$ of GDP | -3.8% |
| 2023 | 21.58 constant LCU per US$ of GDP | -5.3% |
| 2024 | 21 constant LCU per US$ of GDP | -2.7% |
| 2025 | 17.85 constant LCU per US$ of GDP | -15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43.88 constant LCU per US$ of GDP | 41.08 constant LCU per US$ of GDP | 46.09 constant LCU per US$ of GDP | 5 |
| 2000s | 36.27 constant LCU per US$ of GDP | 27.29 constant LCU per US$ of GDP | 50 constant LCU per US$ of GDP | 10 |
| 2010s | 28.87 constant LCU per US$ of GDP | 24.12 constant LCU per US$ of GDP | 33.15 constant LCU per US$ of GDP | 10 |
| 2020s | 22.34 constant LCU per US$ of GDP | 17.85 constant LCU per US$ of GDP | 27.14 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 49 India 22.07 constant LCU per US$ of GDP compare
- 50 Bhutan 19.35 constant LCU per US$ of GDP compare
- 51 Pakistan 18.25 constant LCU per US$ of GDP compare
- 53 Serbia 17.44 constant LCU per US$ of GDP compare
- 54 Albania 15.9 constant LCU per US$ of GDP compare
- 55 Jamaica 14.98 constant LCU 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$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 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), annual -1.23 % change on previous year (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), per in Iceland?
- Industry (including construction), value added (constant lcu), per in Iceland was 17.85 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest industry (including construction), value added (constant lcu), per recorded in Iceland?
- The highest recorded value was 50 constant LCU per US$ of GDP in 2001.
- What is the lowest industry (including construction), value added (constant lcu), per recorded in Iceland?
- The lowest recorded value was 17.85 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for industry (including construction), value added (constant lcu), per?
- Iceland ranks 52nd out of 198 countries with data for 2025.
- Is industry (including construction), value added (constant lcu), per 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.