Manufacturing, value added in Iceland
Iceland: Manufacturing, value added was 8.5% in 2025. ▼ Falling
Manufacturing, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Iceland recorded 8.5% for manufacturing, value added in 2025.
The figure is down 2.7% on the previous year and down 20.3% over ten years.
Over the whole period, manufacturing, value added in Iceland peaked at 14.0% in 1997 and was at its lowest, 7.7%, in 2007.
Iceland ranks 118th of 203 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 in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 13.3% | — |
| 1996 | 13.2% | -0.8% |
| 1997 | 14.0% | +5.9% |
| 1998 | 13.2% | -5.3% |
| 1999 | 11.7% | -11.8% |
| 2000 | 11.4% | -2.2% |
| 2001 | 13.2% | +15.8% |
| 2002 | 11.4% | -13.3% |
| 2003 | 10.8% | -5.4% |
| 2004 | 10.3% | -4.8% |
| 2005 | 8.5% | -17.4% |
| 2006 | 9.0% | +5.1% |
| 2007 | 7.7% | -13.9% |
| 2008 | 10.8% | +39.7% |
| 2009 | 10.8% | +0.2% |
| 2010 | 12.9% | +19.5% |
| 2011 | 13.0% | +1.0% |
| 2012 | 11.6% | -10.9% |
| 2013 | 11.1% | -4.2% |
| 2014 | 11.4% | +2.8% |
| 2015 | 10.7% | -6.4% |
| 2016 | 9.5% | -11.5% |
| 2017 | 8.8% | -7.5% |
| 2018 | 9.0% | +2.9% |
| 2019 | 8.4% | -7.0% |
| 2020 | 8.8% | +5.5% |
| 2021 | 9.9% | +12.0% |
| 2022 | 9.9% | -0.5% |
| 2023 | 8.5% | -14.1% |
| 2024 | 8.8% | +3.6% |
| 2025 | 8.5% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.1% | 11.7% | 14.0% | 5 |
| 2000s | 10.4% | 7.7% | 13.2% | 10 |
| 2010s | 10.6% | 8.4% | 13.0% | 10 |
| 2020s | 9.1% | 8.5% | 9.9% | 6 |
Countries ranked near Iceland
- 115 Chile 9.0% compare
- 116 Zambia 8.7% compare
- 117 Guinea-Bissau 8.6% compare
- 119 Afghanistan 8.4% compare
- 120 Tanzania, United Republic of 8.4% compare
- 121 Ukraine 8.3% 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)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is manufacturing, value added in Iceland?
- Manufacturing, value added in Iceland was 8.5% 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 14.0% in 1997.
- What is the lowest manufacturing, value added recorded in Iceland?
- The lowest recorded value was 7.7% in 2007.
- How does Iceland rank for manufacturing, value added?
- Iceland ranks 118th out of 203 countries with data for 2025.
- Is manufacturing, value added rising or falling in Iceland?
- Over the last ten years it is down 20.3%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.