Manufacturing, value added in Iceland
Iceland: Manufacturing, value added was -3.5% in 2025. ◆ Volatile
Manufacturing, value added in Iceland, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for manufacturing, value added in Iceland is -3.5%, measured in 2025.
The figure is down 177.2% on the previous year and down 196.0% over ten years.
Over the whole period, manufacturing, value added in Iceland peaked at 12.0% in 2021 and was at its lowest, -7.6%, in 2019.
That places Iceland 171st out of 190 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 4.7% | — |
| 1997 | 1.0% | -79.5% |
| 1998 | 0.8% | -14.9% |
| 1999 | 0.8% | -4.9% |
| 2000 | 1.3% | +71.8% |
| 2001 | 7.1% | +431.9% |
| 2002 | -1.4% | -120.4% |
| 2003 | -0.3% | -78.7% |
| 2004 | 7.9% | -2656.6% |
| 2005 | 0.2% | -97.5% |
| 2006 | 7.1% | +3544.0% |
| 2007 | 6.2% | -12.7% |
| 2008 | 6.7% | +9.1% |
| 2009 | -5.9% | -188.2% |
| 2010 | 3.9% | -164.8% |
| 2011 | 6.3% | +64.5% |
| 2012 | 3.1% | -51.8% |
| 2013 | 2.7% | -13.0% |
| 2014 | 6.8% | +157.6% |
| 2015 | 3.6% | -46.9% |
| 2016 | 0.9% | -75.3% |
| 2017 | -3.8% | -525.4% |
| 2018 | 9.1% | -338.9% |
| 2019 | -7.6% | -183.4% |
| 2020 | -2.2% | -70.6% |
| 2021 | 12.0% | -635.0% |
| 2022 | 1.4% | -88.4% |
| 2023 | -5.2% | -475.7% |
| 2024 | 4.5% | -186.3% |
| 2025 | -3.5% | -177.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8% | 0.8% | 4.7% | 4 |
| 2000s | 2.9% | -5.9% | 7.9% | 10 |
| 2010s | 2.5% | -7.6% | 9.1% | 10 |
| 2020s | 1.2% | -5.2% | 12.0% | 6 |
Countries ranked near Iceland
- 168 Luxembourg -3.2% compare
- 169 Romania -3.4% compare
- 170 Cayman Islands -3.4% compare
- 172 Mozambique -3.8% compare
- 173 Marshall Islands -4.3% compare
- 174 Haiti -4.3% 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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
Frequently asked questions
- What is manufacturing, value added in Iceland?
- Manufacturing, value added in Iceland was -3.5% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Iceland?
- The highest recorded value was 12.0% in 2021.
- What is the lowest manufacturing, value added recorded in Iceland?
- The lowest recorded value was -7.6% in 2019.
- How does Iceland rank for manufacturing, value added?
- Iceland ranks 171st out of 190 countries with data for 2025.
- Is manufacturing, value added rising or falling in Iceland?
- Over the last ten years it is down 196.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.