Manufacturing value added to gdp in Iceland
Iceland: Manufacturing value added to gdp was 8.53 in 2025. ▼ Falling
Latest (2025)
8.53
Change on year
down 2.7%
World rank
117th
of 202 countries
All-time high
13.95
in 1997
All-time low
7.71
in 2007
Years of data
31
1995–2025
Manufacturing value added to gdp in Iceland, 1995–2025
Source: Our World in Data.
Analysis
Iceland recorded 8.53 for manufacturing value added to gdp in 2025.
That represents a change of down 2.7% on the previous year and down 20.3% over ten years.
Over the whole period, manufacturing value added to gdp in Iceland peaked at 13.95 in 1997 and was at its lowest, 7.71, in 2007.
That places Iceland 117th out of 202 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Manufacturing value added to gdp in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 13.29 | — |
| 1996 | 13.18 | -0.8% |
| 1997 | 13.95 | +5.9% |
| 1998 | 13.21 | -5.3% |
| 1999 | 11.65 | -11.8% |
| 2000 | 11.39 | -2.2% |
| 2001 | 13.19 | +15.8% |
| 2002 | 11.44 | -13.3% |
| 2003 | 10.83 | -5.4% |
| 2004 | 10.31 | -4.8% |
| 2005 | 8.52 | -17.4% |
| 2006 | 8.95 | +5.1% |
| 2007 | 7.71 | -13.9% |
| 2008 | 10.77 | +39.7% |
| 2009 | 10.79 | +0.2% |
| 2010 | 12.89 | +19.5% |
| 2011 | 13.03 | +1.0% |
| 2012 | 11.61 | -10.9% |
| 2013 | 11.13 | -4.2% |
| 2014 | 11.44 | +2.8% |
| 2015 | 10.7 | -6.4% |
| 2016 | 9.47 | -11.5% |
| 2017 | 8.76 | -7.5% |
| 2018 | 9.01 | +2.9% |
| 2019 | 8.38 | -7.0% |
| 2020 | 8.84 | +5.5% |
| 2021 | 9.9 | +12.0% |
| 2022 | 9.86 | -0.5% |
| 2023 | 8.46 | -14.1% |
| 2024 | 8.77 | +3.6% |
| 2025 | 8.53 | -2.7% |
Iceland compared with similar countries
- Iceland's 8.53 is below the median for high income countries, which is 9.49, 90% of the median. (75 countries reporting)
- Iceland's 8.53 is below the median for Europe & Central Asia, which is 12.03, 71% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.06 | 11.65 | 13.95 | 5 |
| 2000s | 10.39 | 7.71 | 13.19 | 10 |
| 2010s | 10.64 | 8.38 | 13.03 | 10 |
| 2020s | 9.06 | 8.46 | 9.9 | 6 |
Countries ranked near Iceland
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 to gdp in Iceland?
- Manufacturing value added to gdp in Iceland was 8.53 in 2025, according to Our World in Data.
- What is the highest manufacturing value added to gdp recorded in Iceland?
- The highest recorded value was 13.95 in 1997.
- What is the lowest manufacturing value added to gdp recorded in Iceland?
- The lowest recorded value was 7.71 in 2007.
- How does Iceland rank for manufacturing value added to gdp?
- Iceland ranks 117th out of 202 countries with data for 2025.
- Is manufacturing value added to gdp 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 Our World in Data, published as part of Manufacturing value added to gdp. Statizoid updates them automatically from the source API.
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