Other manufacturing in Iceland
Iceland: Other manufacturing was 37.5% in 2023. ▲ Rising
Other manufacturing in Iceland, 1968–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
In 2023, other manufacturing in Iceland stood at 37.5%.
Compared with earlier readings it is down 21.2% on the previous year and down 6.4% over ten years.
Over the whole period, other manufacturing in Iceland peaked at 52.9% in 2006 and was at its lowest, 26.2%, in 2019.
That places Iceland 88th out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Other manufacturing in Iceland, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1968 | 28.0% | — |
| 1969 | 28.3% | +1.0% |
| 1970 | 33.8% | +19.5% |
| 1971 | 33.8% | -0.1% |
| 1972 | 32.2% | -4.7% |
| 1973 | 35.5% | +10.3% |
| 1974 | 36.5% | +2.8% |
| 1975 | 34.8% | -4.7% |
| 1976 | 35.2% | +1.2% |
| 1977 | 34.7% | -1.3% |
| 1978 | 33.9% | -2.3% |
| 1979 | 36.7% | +8.2% |
| 1980 | 46.1% | +25.8% |
| 1981 | 42.2% | -8.6% |
| 1982 | 45.9% | +8.9% |
| 1983 | 47.8% | +4.0% |
| 1984 | 47.2% | -1.2% |
| 1985 | 42.6% | -9.8% |
| 1986 | 40.6% | -4.6% |
| 1987 | 43.7% | +7.5% |
| 1988 | 50.1% | +14.6% |
| 1989 | 50.6% | +1.0% |
| 1990 | 41.8% | -17.3% |
| 1991 | 39.2% | -6.4% |
| 1992 | 38.4% | -1.9% |
| 1993 | 37.9% | -1.2% |
| 1994 | 38.9% | +2.5% |
| 1995 | 40.8% | +4.8% |
| 1996 | 43.6% | +7.0% |
| 1997 | 40.7% | -6.7% |
| 1998 | 42.7% | +5.0% |
| 1999 | 43.5% | +1.8% |
| 2000 | 49.2% | +13.2% |
| 2001 | 43.4% | -11.9% |
| 2002 | 47.6% | +9.9% |
| 2003 | 45.6% | -4.4% |
| 2004 | 48.5% | +6.4% |
| 2005 | 52.6% | +8.6% |
| 2006 | 52.9% | +0.6% |
| 2007 | 52.9% | -0.0% |
| 2008 | 52.9% | +0.0% |
| 2009 | 52.9% | +0.0% |
| 2010 | 52.9% | -0.0% |
| 2011 | 40.0% | -24.3% |
| 2012 | 40.0% | +0.0% |
| 2013 | 40.0% | +0.0% |
| 2014 | 40.0% | +0.0% |
| 2015 | 38.5% | -4.0% |
| 2016 | 37.0% | -3.8% |
| 2017 | 47.7% | +28.9% |
| 2018 | 36.8% | -22.9% |
| 2019 | 26.2% | -28.7% |
| 2020 | 34.1% | +30.1% |
| 2021 | 47.1% | +38.1% |
| 2022 | 47.6% | +1.1% |
| 2023 | 37.5% | -21.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 28.2% | 28.0% | 28.3% | 2 |
| 1970s | 34.7% | 32.2% | 36.7% | 10 |
| 1980s | 45.7% | 40.6% | 50.6% | 10 |
| 1990s | 40.7% | 37.9% | 43.6% | 10 |
| 2000s | 49.9% | 43.4% | 52.9% | 10 |
| 2010s | 39.9% | 26.2% | 52.9% | 10 |
| 2020s | 41.5% | 34.1% | 47.6% | 4 |
Countries ranked near Iceland
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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is other manufacturing in Iceland?
- Other manufacturing in Iceland was 37.5% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest other manufacturing recorded in Iceland?
- The highest recorded value was 52.9% in 2006.
- What is the lowest other manufacturing recorded in Iceland?
- The lowest recorded value was 26.2% in 2019.
- How does Iceland rank for other manufacturing?
- Iceland ranks 88th out of 157 countries with data for 2023.
- Is other manufacturing rising or falling in Iceland?
- Over the last ten years it is down 6.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Other manufacturing (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Other manufacturing, a residual, covers wood and related products (ISIC Rev. 3 division 20), paper and related products (ISIC Rev. 3 divisions 21 and 22), petroleum and related products (ISIC Rev. 3 division 23), basic metals and mineral products (ISIC Rev. 3 division27), fabricated metal products and professional goods (ISIC Rev. 3 division 28), and other industries (ISIC Rev. 3 divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).