Industry (including construction), value added in Iceland
Iceland: Industry (including construction), value added was 20.1% in 2025. ▼ Falling
Industry (including construction), value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2025, industry (including construction), value added in Iceland stood at 20.1%.
That represents a change of down 0.1% on the previous year and up 0.6% over ten years.
Over the whole period, industry (including construction), value added in Iceland peaked at 25.3% in 1997 and was at its lowest, 19.2%, in 2019.
That places Iceland 130th out of 207 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 in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 23.6% | — |
| 1996 | 22.9% | -3.0% |
| 1997 | 25.3% | +10.6% |
| 1998 | 24.1% | -4.8% |
| 1999 | 22.4% | -7.3% |
| 2000 | 22.6% | +0.8% |
| 2001 | 24.2% | +7.2% |
| 2002 | 21.9% | -9.5% |
| 2003 | 21.0% | -4.0% |
| 2004 | 21.3% | +1.4% |
| 2005 | 20.4% | -4.3% |
| 2006 | 21.9% | +7.3% |
| 2007 | 19.7% | -9.7% |
| 2008 | 22.6% | +14.7% |
| 2009 | 19.4% | -14.4% |
| 2010 | 21.9% | +12.9% |
| 2011 | 22.1% | +0.9% |
| 2012 | 20.9% | -5.4% |
| 2013 | 20.5% | -1.7% |
| 2014 | 20.7% | +0.9% |
| 2015 | 19.9% | -3.8% |
| 2016 | 19.7% | -1.3% |
| 2017 | 19.4% | -1.5% |
| 2018 | 20.0% | +3.3% |
| 2019 | 19.2% | -3.9% |
| 2020 | 20.0% | +4.2% |
| 2021 | 20.3% | +1.4% |
| 2022 | 20.9% | +2.7% |
| 2023 | 19.7% | -5.4% |
| 2024 | 20.1% | +1.7% |
| 2025 | 20.1% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.7% | 22.4% | 25.3% | 5 |
| 2000s | 21.5% | 19.4% | 24.2% | 10 |
| 2010s | 20.4% | 19.2% | 22.1% | 10 |
| 2020s | 20.2% | 19.7% | 20.9% | 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)
- 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)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is industry (including construction), value added in Iceland?
- Industry (including construction), value added in Iceland was 20.1% 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 25.3% in 1997.
- What is the lowest industry (including construction), value added recorded in Iceland?
- The lowest recorded value was 19.2% in 2019.
- How does Iceland rank for industry (including construction), value added?
- Iceland ranks 130th out of 207 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Iceland?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.