Manufacturing value added to gdp, annual growth rate in Iceland
Iceland: Manufacturing value added to gdp, annual growth rate was -2.75 % change on previous year in 2025. ◆ Volatile
Manufacturing value added to gdp, annual growth rate in Iceland, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for manufacturing value added to gdp, annual growth rate in Iceland is -2.75 % change on previous year, measured in 2025.
That represents a change of down 175.6% on the previous year and up 57.2% over ten years.
Over the whole period, manufacturing value added to gdp, annual growth rate in Iceland peaked at 39.68 % change on previous year in 2008 and was at its lowest, -17.39 % change on previous year, in 2005.
That places Iceland 118th out of 202 countries with data for 2025, putting it 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 to gdp, annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | -0.818 % change on previous year | — |
| 1997 | 5.86 % change on previous year | -816.3% |
| 1998 | -5.33 % change on previous year | -190.9% |
| 1999 | -11.78 % change on previous year | +121.2% |
| 2000 | -2.25 % change on previous year | -80.9% |
| 2001 | 15.82 % change on previous year | -804.2% |
| 2002 | -13.29 % change on previous year | -184.0% |
| 2003 | -5.36 % change on previous year | -59.7% |
| 2004 | -4.77 % change on previous year | -11.0% |
| 2005 | -17.39 % change on previous year | +264.5% |
| 2006 | 5.09 % change on previous year | -129.2% |
| 2007 | -13.87 % change on previous year | -372.6% |
| 2008 | 39.68 % change on previous year | -386.2% |
| 2009 | 0.1801 % change on previous year | -99.5% |
| 2010 | 19.52 % change on previous year | +10736.2% |
| 2011 | 1.04 % change on previous year | -94.7% |
| 2012 | -10.88 % change on previous year | -1146.7% |
| 2013 | -4.18 % change on previous year | -61.5% |
| 2014 | 2.79 % change on previous year | -166.7% |
| 2015 | -6.42 % change on previous year | -330.0% |
| 2016 | -11.53 % change on previous year | +79.7% |
| 2017 | -7.51 % change on previous year | -34.9% |
| 2018 | 2.91 % change on previous year | -138.7% |
| 2019 | -7.02 % change on previous year | -341.4% |
| 2020 | 5.53 % change on previous year | -178.8% |
| 2021 | 11.99 % change on previous year | +116.9% |
| 2022 | -0.4501 % change on previous year | -103.8% |
| 2023 | -14.14 % change on previous year | +3041.6% |
| 2024 | 3.64 % change on previous year | -125.7% |
| 2025 | -2.75 % change on previous year | -175.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.02 % change on previous year | -11.78 % change on previous year | 5.86 % change on previous year | 4 |
| 2000s | 0.3853 % change on previous year | -17.39 % change on previous year | 39.68 % change on previous year | 10 |
| 2010s | -2.13 % change on previous year | -11.53 % change on previous year | 19.52 % change on previous year | 10 |
| 2020s | 0.635 % change on previous year | -14.14 % change on previous year | 11.99 % change on previous year | 6 |
Countries ranked near Iceland
- 115 Guatemala -2.55 % change on previous year compare
- 116 Republic of Moldova -2.64 % change on previous year compare
- 117 Namibia -2.66 % change on previous year compare
- 119 Kuwait -2.78 % change on previous year compare
- 120 Brazil -2.8 % change on previous year compare
- 121 Panama -2.86 % change on previous year 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is manufacturing value added to gdp, annual growth rate in Iceland?
- Manufacturing value added to gdp, annual growth rate in Iceland was -2.75 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest manufacturing value added to gdp, annual growth rate recorded in Iceland?
- The highest recorded value was 39.68 % change on previous year in 2008.
- What is the lowest manufacturing value added to gdp, annual growth rate recorded in Iceland?
- The lowest recorded value was -17.39 % change on previous year in 2005.
- How does Iceland rank for manufacturing value added to gdp, annual growth rate?
- Iceland ranks 118th out of 202 countries with data for 2025.
- Is manufacturing value added to gdp, annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 57.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Manufacturing value added to gdp, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Manufacturing value added to gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Share of manufacturing in gross domestic product (GDP) National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
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
The year-on-year percentage change in Manufacturing value added to gdp. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.