Manufacturing, value added (current US$) in Iceland
Iceland: Manufacturing, value added (current US$) was 3.29 billion current US$ in 2025. ▲ Rising
Manufacturing, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for manufacturing, value added in Iceland is 3.29 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 13.1% on the previous year and up 73.7% over ten years.
Over the whole period, manufacturing, value added in Iceland peaked at 3.29 billion current US$ in 2025 and was at its lowest, 979.73 million current US$, in 1995.
Iceland ranks 105th of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Manufacturing, value added (current US$) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 979.73 million current US$ | — |
| 1996 | 1.01 billion current US$ | +3.4% |
| 1997 | 1.08 billion current US$ | +6.3% |
| 1998 | 1.14 billion current US$ | +6.0% |
| 1999 | 1.06 billion current US$ | -7.0% |
| 2000 | 1.04 billion current US$ | -1.9% |
| 2001 | 1.10 billion current US$ | +5.5% |
| 2002 | 1.08 billion current US$ | -1.9% |
| 2003 | 1.25 billion current US$ | +16.2% |
| 2004 | 1.44 billion current US$ | +15.0% |
| 2005 | 1.46 billion current US$ | +1.4% |
| 2006 | 1.58 billion current US$ | +8.3% |
| 2007 | 1.69 billion current US$ | +7.0% |
| 2008 | 1.97 billion current US$ | +16.1% |
| 2009 | 1.43 billion current US$ | -27.5% |
| 2010 | 1.80 billion current US$ | +25.9% |
| 2011 | 2.01 billion current US$ | +11.7% |
| 2012 | 1.74 billion current US$ | -13.5% |
| 2013 | 1.81 billion current US$ | +4.2% |
| 2014 | 2.06 billion current US$ | +14.2% |
| 2015 | 1.89 billion current US$ | -8.2% |
| 2016 | 2.00 billion current US$ | +5.4% |
| 2017 | 2.19 billion current US$ | +9.9% |
| 2018 | 2.40 billion current US$ | +9.5% |
| 2019 | 2.09 billion current US$ | -12.9% |
| 2020 | 1.95 billion current US$ | -6.9% |
| 2021 | 2.60 billion current US$ | +33.3% |
| 2022 | 2.88 billion current US$ | +10.7% |
| 2023 | 2.68 billion current US$ | -6.7% |
| 2024 | 2.91 billion current US$ | +8.5% |
| 2025 | 3.29 billion current US$ | +13.1% |
Iceland compared with similar countries
- Iceland's 3.29 billion current US$ is below the median for high income countries, which is 12.50 billion current US$, 26% of the median. (75 countries reporting)
- Iceland's 3.29 billion current US$ is below the median for Europe & Central Asia, which is 16.32 billion current US$, 20% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.05 billion current US$ | 979.73 million current US$ | 1.14 billion current US$ | 5 |
| 2000s | 1.40 billion current US$ | 1.04 billion current US$ | 1.97 billion current US$ | 10 |
| 2010s | 2.00 billion current US$ | 1.74 billion current US$ | 2.40 billion current US$ | 10 |
| 2020s | 2.72 billion current US$ | 1.95 billion current US$ | 3.29 billion current US$ | 6 |
Countries ranked near Iceland
- 102 Hong Kong 3.82 billion current US$ compare
- 103 Luxembourg 3.77 billion current US$ compare
- 104 Trinidad and Tobago 3.69 billion current US$ compare
- 106 Armenia 3.21 billion current US$ compare
- 107 Kyrgyzstan 3.10 billion current US$ compare
- 108 Georgia 3.05 billion current US$ compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added in Iceland?
- Manufacturing, value added in Iceland was 3.29 billion current US$ 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 3.29 billion current US$ in 2025.
- What is the lowest manufacturing, value added recorded in Iceland?
- The lowest recorded value was 979.73 million current US$ in 1995.
- How does Iceland rank for manufacturing, value added?
- Iceland ranks 105th 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 73.7%. The long-run trend across the full record is rising.
- 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 US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.