Industry (including construction), value added per worker in Iceland
Iceland: Industry (including construction), value added per worker was 102,710 constant 2015 US$ in 2025. ▲ Rising
Industry (including construction), value added per worker in Iceland, 1995–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added per worker in Iceland is 102,710 constant 2015 US$, measured in 2025.
That represents a change of down 1.8% on the previous year and up 1.0% over ten years.
Over the whole period, industry (including construction), value added per worker in Iceland peaked at 115,650 constant 2015 US$ in 2018 and was at its lowest, 57,310 constant 2015 US$, in 1998.
Iceland ranks 15th of 176 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Industry (including construction), value added per worker in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 58,483 constant 2015 US$ | — |
| 1996 | 63,761 constant 2015 US$ | +9.0% |
| 1997 | 62,735 constant 2015 US$ | -1.6% |
| 1998 | 57,310 constant 2015 US$ | -8.6% |
| 1999 | 64,863 constant 2015 US$ | +13.2% |
| 2000 | 70,423 constant 2015 US$ | +8.6% |
| 2001 | 69,155 constant 2015 US$ | -1.8% |
| 2002 | 69,533 constant 2015 US$ | +0.5% |
| 2003 | 72,667 constant 2015 US$ | +4.5% |
| 2004 | 76,173 constant 2015 US$ | +4.8% |
| 2005 | 88,466 constant 2015 US$ | +16.1% |
| 2006 | 94,087 constant 2015 US$ | +6.4% |
| 2007 | 98,397 constant 2015 US$ | +4.6% |
| 2008 | 90,628 constant 2015 US$ | -7.9% |
| 2009 | 87,232 constant 2015 US$ | -3.7% |
| 2010 | 91,684 constant 2015 US$ | +5.1% |
| 2011 | 92,201 constant 2015 US$ | +0.6% |
| 2012 | 94,256 constant 2015 US$ | +2.2% |
| 2013 | 94,062 constant 2015 US$ | -0.2% |
| 2014 | 97,746 constant 2015 US$ | +3.9% |
| 2015 | 101,738 constant 2015 US$ | +4.1% |
| 2016 | 107,574 constant 2015 US$ | +5.7% |
| 2017 | 107,164 constant 2015 US$ | -0.4% |
| 2018 | 115,650 constant 2015 US$ | +7.9% |
| 2019 | 104,756 constant 2015 US$ | -9.4% |
| 2020 | 102,344 constant 2015 US$ | -2.3% |
| 2021 | 99,962 constant 2015 US$ | -2.3% |
| 2022 | 105,435 constant 2015 US$ | +5.5% |
| 2023 | 104,635 constant 2015 US$ | -0.8% |
| 2024 | 104,565 constant 2015 US$ | -0.1% |
| 2025 | 102,710 constant 2015 US$ | -1.8% |
Iceland compared with similar countries
- Iceland's 102,710 constant 2015 US$ is above the median for high income countries, which is 65,514 constant 2015 US$, 1.6× the median. (56 countries reporting)
- Iceland's 102,710 constant 2015 US$ is above the median for Europe & Central Asia, which is 34,856 constant 2015 US$, 2.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 61,430 constant 2015 US$ | 57,310 constant 2015 US$ | 64,863 constant 2015 US$ | 5 |
| 2000s | 81,676 constant 2015 US$ | 69,155 constant 2015 US$ | 98,397 constant 2015 US$ | 10 |
| 2010s | 100,683 constant 2015 US$ | 91,684 constant 2015 US$ | 115,650 constant 2015 US$ | 10 |
| 2020s | 103,275 constant 2015 US$ | 99,962 constant 2015 US$ | 105,435 constant 2015 US$ | 6 |
Countries ranked near Iceland
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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added per worker in Iceland?
- Industry (including construction), value added per worker in Iceland was 102,710 constant 2015 US$ in 2025, according to World Development Indicators database, World Bank (WB).
- What is the highest industry (including construction), value added per worker recorded in Iceland?
- The highest recorded value was 115,650 constant 2015 US$ in 2018.
- What is the lowest industry (including construction), value added per worker recorded in Iceland?
- The lowest recorded value was 57,310 constant 2015 US$ in 1998.
- How does Iceland rank for industry (including construction), value added per worker?
- Iceland ranks 15th out of 176 countries with data for 2025.
- Is industry (including construction), value added per worker rising or falling in Iceland?
- Over the last ten years it is up 1.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Industry (including construction), value added per worker (constant 2015 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. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.