Share of manufacturing in gross domestic product (GDP) in Iceland
Iceland: Share of manufacturing in gross domestic product (GDP) was 8.5% in 2025. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Iceland, 1995–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Iceland recorded 8.5% for share of manufacturing in gross domestic product (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, share of manufacturing in gross domestic product (gdp) in Iceland peaked at 14.0% in 1997 and was at its lowest, 7.7%, 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.
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
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)
- 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)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
Frequently asked questions
- What is share of manufacturing in gross domestic product (gdp) in Iceland?
- Share of manufacturing in gross domestic product (gdp) in Iceland was 8.5% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Iceland?
- The highest recorded value was 14.0% in 1997.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Iceland?
- The lowest recorded value was 7.7% in 2007.
- How does Iceland rank for share of manufacturing in gross domestic product (gdp)?
- Iceland ranks 117th out of 202 countries with data for 2025.
- Is share of manufacturing in gross domestic product (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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.