Manufacturing, value added (constant LCU), per unit of GDP in Iceland
Iceland: Manufacturing, value added (constant LCU), per unit of GDP was 7.42 constant LCU per US$ of GDP in 2025. ▼ Falling
Manufacturing, value added (constant LCU), per unit of GDP in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, manufacturing, value added (constant lcu), per unit of gdp in Iceland stood at 7.42 constant LCU per US$ of GDP. That is the lowest value across all 31 years on record.
That represents a change of down 17.0% on the previous year and down 52.4% over ten years.
Over the whole period, manufacturing, value added (constant lcu), per unit of gdp in Iceland peaked at 21.14 constant LCU per US$ of GDP in 2001 and was at its lowest, 7.42 constant LCU per US$ of GDP, in 2025.
Iceland ranks 50th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Manufacturing, value added (constant LCU), per unit of GDP in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 20.49 constant LCU per US$ of GDP | — |
| 1996 | 20.57 constant LCU per US$ of GDP | +0.4% |
| 1997 | 20.69 constant LCU per US$ of GDP | +0.6% |
| 1998 | 18.63 constant LCU per US$ of GDP | -9.9% |
| 1999 | 17.81 constant LCU per US$ of GDP | -4.4% |
| 2000 | 17.98 constant LCU per US$ of GDP | +1.0% |
| 2001 | 21.14 constant LCU per US$ of GDP | +17.6% |
| 2002 | 18.42 constant LCU per US$ of GDP | -12.9% |
| 2003 | 14.95 constant LCU per US$ of GDP | -18.8% |
| 2004 | 13.36 constant LCU per US$ of GDP | -10.7% |
| 2005 | 10.9 constant LCU per US$ of GDP | -18.4% |
| 2006 | 11.32 constant LCU per US$ of GDP | +3.9% |
| 2007 | 9.67 constant LCU per US$ of GDP | -14.6% |
| 2008 | 12.43 constant LCU per US$ of GDP | +28.4% |
| 2009 | 16.14 constant LCU per US$ of GDP | +29.9% |
| 2010 | 15.91 constant LCU per US$ of GDP | -1.4% |
| 2011 | 15.3 constant LCU per US$ of GDP | -3.8% |
| 2012 | 16.24 constant LCU per US$ of GDP | +6.2% |
| 2013 | 15.34 constant LCU per US$ of GDP | -5.6% |
| 2014 | 14.74 constant LCU per US$ of GDP | -3.9% |
| 2015 | 15.58 constant LCU per US$ of GDP | +5.7% |
| 2016 | 13.2 constant LCU per US$ of GDP | -15.3% |
| 2017 | 10.68 constant LCU per US$ of GDP | -19.1% |
| 2018 | 10.95 constant LCU per US$ of GDP | +2.5% |
| 2019 | 10.8 constant LCU per US$ of GDP | -1.4% |
| 2020 | 11.97 constant LCU per US$ of GDP | +10.9% |
| 2021 | 11.26 constant LCU per US$ of GDP | -5.9% |
| 2022 | 10.27 constant LCU per US$ of GDP | -8.8% |
| 2023 | 8.96 constant LCU per US$ of GDP | -12.8% |
| 2024 | 8.94 constant LCU per US$ of GDP | -0.2% |
| 2025 | 7.42 constant LCU per US$ of GDP | -17.0% |
Iceland compared with similar countries
- Iceland's 7.42 constant LCU per US$ of GDP is above the median for high income countries, which is 0.1012 constant LCU per US$ of GDP, 73.3× the median. (67 countries reporting)
- Iceland's 7.42 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.1578 constant LCU per US$ of GDP, 47.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.64 constant LCU per US$ of GDP | 17.81 constant LCU per US$ of GDP | 20.69 constant LCU per US$ of GDP | 5 |
| 2000s | 14.63 constant LCU per US$ of GDP | 9.67 constant LCU per US$ of GDP | 21.14 constant LCU per US$ of GDP | 10 |
| 2010s | 13.87 constant LCU per US$ of GDP | 10.68 constant LCU per US$ of GDP | 16.24 constant LCU per US$ of GDP | 10 |
| 2020s | 9.8 constant LCU per US$ of GDP | 7.42 constant LCU per US$ of GDP | 11.97 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 47 Serbia 11.27 constant LCU per US$ of GDP compare
- 48 Angola 9.9 constant LCU per US$ of GDP compare
- 49 Philippines 8.25 constant LCU per US$ of GDP compare
- 51 Jamaica 7.16 constant LCU per US$ of GDP compare
- 52 Kazakhstan 6.85 constant LCU per US$ of GDP compare
- 53 Djibouti 6.73 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added (constant lcu), per unit of gdp in Iceland?
- Manufacturing, value added (constant lcu), per unit of gdp in Iceland was 7.42 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest manufacturing, value added (constant lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 21.14 constant LCU per US$ of GDP in 2001.
- What is the lowest manufacturing, value added (constant lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 7.42 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for manufacturing, value added (constant lcu), per unit of gdp?
- Iceland ranks 50th out of 190 countries with data for 2025.
- Is manufacturing, value added (constant lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 52.4%. 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 Manufacturing, 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
Manufacturing, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (constant LCU) ÷ GDP (current US$)
Computed from
- Manufacturing, 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
Manufacturing, 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.