Industry (including construction), value added in Iceland
Iceland: Industry (including construction), value added was 7.74 billion current US$ in 2025. ▲ Rising
Industry (including construction), value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Iceland recorded 7.74 billion current US$ for industry (including construction), value added in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 16.2% on the previous year and up 119.4% over ten years.
Over the whole period, industry (including construction), value added in Iceland peaked at 7.74 billion current US$ in 2025 and was at its lowest, 1.74 billion current US$, in 1995.
That places Iceland 114th out of 209 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Industry (including construction), value added in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 1.74 billion current US$ | — |
| 1996 | 1.76 billion current US$ | +1.1% |
| 1997 | 1.95 billion current US$ | +11.0% |
| 1998 | 2.08 billion current US$ | +6.6% |
| 1999 | 2.04 billion current US$ | -2.2% |
| 2000 | 2.06 billion current US$ | +1.2% |
| 2001 | 2.01 billion current US$ | -2.4% |
| 2002 | 2.06 billion current US$ | +2.4% |
| 2003 | 2.43 billion current US$ | +17.8% |
| 2004 | 2.97 billion current US$ | +22.5% |
| 2005 | 3.50 billion current US$ | +17.5% |
| 2006 | 3.86 billion current US$ | +10.5% |
| 2007 | 4.33 billion current US$ | +12.2% |
| 2008 | 4.13 billion current US$ | -4.7% |
| 2009 | 2.56 billion current US$ | -38.0% |
| 2010 | 3.05 billion current US$ | +19.0% |
| 2011 | 3.40 billion current US$ | +11.6% |
| 2012 | 3.12 billion current US$ | -8.1% |
| 2013 | 3.33 billion current US$ | +6.8% |
| 2014 | 3.74 billion current US$ | +12.1% |
| 2015 | 3.53 billion current US$ | -5.7% |
| 2016 | 4.15 billion current US$ | +17.6% |
| 2017 | 4.86 billion current US$ | +17.1% |
| 2018 | 5.34 billion current US$ | +9.9% |
| 2019 | 4.81 billion current US$ | -10.0% |
| 2020 | 4.42 billion current US$ | -8.1% |
| 2021 | 5.33 billion current US$ | +20.7% |
| 2022 | 6.09 billion current US$ | +14.3% |
| 2023 | 6.26 billion current US$ | +2.8% |
| 2024 | 6.66 billion current US$ | +6.4% |
| 2025 | 7.74 billion current US$ | +16.2% |
Iceland compared with similar countries
- Iceland's 7.74 billion current US$ is below the median for high income countries, which is 25.19 billion current US$, 31% of the median. (77 countries reporting)
- Iceland's 7.74 billion current US$ is below the median for Europe & Central Asia, which is 28.62 billion current US$, 27% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.92 billion current US$ | 1.74 billion current US$ | 2.08 billion current US$ | 5 |
| 2000s | 2.99 billion current US$ | 2.01 billion current US$ | 4.33 billion current US$ | 10 |
| 2010s | 3.93 billion current US$ | 3.05 billion current US$ | 5.34 billion current US$ | 10 |
| 2020s | 6.08 billion current US$ | 4.42 billion current US$ | 7.74 billion current US$ | 6 |
Countries ranked near Iceland
- 111 Trinidad and Tobago 8.88 billion current US$ compare
- 112 Haiti 8.82 billion current US$ compare
- 113 Burkina Faso 8.31 billion current US$ compare
- 115 Guinea 7.20 billion current US$ compare
- 116 Georgia 7.10 billion current US$ compare
- 117 Bosnia and Herzegovina 7.02 billion current US$ 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Iceland?
- Industry (including construction), value added in Iceland was 7.74 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Iceland?
- The highest recorded value was 7.74 billion current US$ in 2025.
- What is the lowest industry (including construction), value added recorded in Iceland?
- The lowest recorded value was 1.74 billion current US$ in 1995.
- How does Iceland rank for industry (including construction), value added?
- Iceland ranks 114th out of 209 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Iceland?
- Over the last ten years it is up 119.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.