Manufacturing, value added in Iceland
Iceland: Manufacturing, value added 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$, in 1995.
Iceland ranks 105th of 202 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.05 billion current US$ | 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
- 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
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (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 202 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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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 indicator is expressed in United States dollars.