Manufacturing, value added in Iceland
Iceland: Manufacturing, value added was 422.68 billion current LCU in 2025. ◆ Volatile
Manufacturing, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for manufacturing, value added in Iceland is 422.68 billion current LCU, measured in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 5.3% on the previous year and up 69.1% over ten years.
Over the whole period, manufacturing, value added in Iceland peaked at 422.68 billion current LCU in 2025 and was at its lowest, 63.38 billion current LCU, in 1995.
Iceland ranks 71st of 205 countries on this measure, in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 1995 | 63.38 billion current LCU | — |
| 1996 | 67.37 billion current LCU | +6.3% |
| 1997 | 76.34 billion current LCU | +13.3% |
| 1998 | 80.96 billion current LCU | +6.1% |
| 1999 | 76.77 billion current LCU | -5.2% |
| 2000 | 81.85 billion current LCU | +6.6% |
| 2001 | 106.98 billion current LCU | +30.7% |
| 2002 | 98.74 billion current LCU | -7.7% |
| 2003 | 96.05 billion current LCU | -2.7% |
| 2004 | 101.06 billion current LCU | +5.2% |
| 2005 | 91.98 billion current LCU | -9.0% |
| 2006 | 111.00 billion current LCU | +20.7% |
| 2007 | 108.45 billion current LCU | -2.3% |
| 2008 | 172.83 billion current LCU | +59.4% |
| 2009 | 176.24 billion current LCU | +2.0% |
| 2010 | 219.46 billion current LCU | +24.5% |
| 2011 | 232.56 billion current LCU | +6.0% |
| 2012 | 217.04 billion current LCU | -6.7% |
| 2013 | 220.81 billion current LCU | +1.7% |
| 2014 | 241.06 billion current LCU | +9.2% |
| 2015 | 249.89 billion current LCU | +3.7% |
| 2016 | 241.15 billion current LCU | -3.5% |
| 2017 | 234.44 billion current LCU | -2.8% |
| 2018 | 260.33 billion current LCU | +11.0% |
| 2019 | 256.66 billion current LCU | -1.4% |
| 2020 | 263.83 billion current LCU | +2.8% |
| 2021 | 329.87 billion current LCU | +25.0% |
| 2022 | 389.04 billion current LCU | +17.9% |
| 2023 | 370.09 billion current LCU | -4.9% |
| 2024 | 401.55 billion current LCU | +8.5% |
| 2025 | 422.68 billion current LCU | +5.3% |
Iceland compared with similar countries
- Iceland's 422.68 billion current LCU is above the median for high income countries, which is 34.51 billion current LCU, 12.2× the median. (75 countries reporting)
- Iceland's 422.68 billion current LCU is above the median for Europe & Central Asia, which is 74.90 billion current LCU, 5.6× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.96 billion current LCU | 63.38 billion current LCU | 80.96 billion current LCU | 5 |
| 2000s | 114.52 billion current LCU | 81.85 billion current LCU | 176.24 billion current LCU | 10 |
| 2010s | 237.34 billion current LCU | 217.04 billion current LCU | 260.33 billion current LCU | 10 |
| 2020s | 362.84 billion current LCU | 263.83 billion current LCU | 422.68 billion current LCU | 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 manufacturing, value added in Iceland?
- Manufacturing, value added in Iceland was 422.68 billion current LCU 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 422.68 billion current LCU in 2025.
- What is the lowest manufacturing, value added recorded in Iceland?
- The lowest recorded value was 63.38 billion current LCU in 1995.
- How does Iceland rank for manufacturing, value added?
- Iceland ranks 71st out of 205 countries with data for 2025.
- Is manufacturing, value added rising or falling in Iceland?
- Over the last ten years it is up 69.1%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.