Services, value added (constant LCU), annual growth rate in Iceland
Iceland: Services, value added (constant LCU), annual growth rate was 2.16 % change on previous year in 2025. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Iceland, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 2.16 % change on previous year for services, value added (constant lcu), annual growth rate in 2025.
Compared with earlier readings it is up 266.2% on the previous year and down 38.4% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Iceland peaked at 10.64 % change on previous year in 2007 and was at its lowest, -8.24 % change on previous year, in 2020.
That places Iceland 132nd out of 196 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.
Services, value added (constant LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 5.09 % change on previous year | — |
| 1997 | 5.61 % change on previous year | +10.2% |
| 1998 | 10.04 % change on previous year | +78.9% |
| 1999 | 5.2 % change on previous year | -48.2% |
| 2000 | 4.72 % change on previous year | -9.2% |
| 2001 | 4.28 % change on previous year | -9.3% |
| 2002 | 1.33 % change on previous year | -69.0% |
| 2003 | 3.24 % change on previous year | +144.5% |
| 2004 | 6.16 % change on previous year | +90.1% |
| 2005 | 6.21 % change on previous year | +0.7% |
| 2006 | 4.75 % change on previous year | -23.4% |
| 2007 | 10.64 % change on previous year | +124.0% |
| 2008 | 3.32 % change on previous year | -68.8% |
| 2009 | -4.99 % change on previous year | -250.4% |
| 2010 | -1.96 % change on previous year | -60.8% |
| 2011 | 1.5 % change on previous year | -176.4% |
| 2012 | 0.3547 % change on previous year | -76.3% |
| 2013 | 3.41 % change on previous year | +862.3% |
| 2014 | 1.16 % change on previous year | -66.1% |
| 2015 | 3.5 % change on previous year | +203.0% |
| 2016 | 6.44 % change on previous year | +83.9% |
| 2017 | 4.05 % change on previous year | -37.1% |
| 2018 | 3.88 % change on previous year | -4.4% |
| 2019 | 2.73 % change on previous year | -29.6% |
| 2020 | -8.24 % change on previous year | -401.8% |
| 2021 | 5.79 % change on previous year | -170.3% |
| 2022 | 9.77 % change on previous year | +68.7% |
| 2023 | 5.8 % change on previous year | -40.6% |
| 2024 | -1.3 % change on previous year | -122.4% |
| 2025 | 2.16 % change on previous year | -266.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.48 % change on previous year | 5.09 % change on previous year | 10.04 % change on previous year | 4 |
| 2000s | 3.96 % change on previous year | -4.99 % change on previous year | 10.64 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -1.96 % change on previous year | 6.44 % change on previous year | 10 |
| 2020s | 2.33 % change on previous year | -8.24 % change on previous year | 9.77 % change on previous year | 6 |
Countries ranked near Iceland
- 129 Sudan 2.59 % change on previous year compare
- 130 Senegal 2.54 % change on previous year compare
- 131 Croatia 2.54 % change on previous year compare
- 133 Greenland 2.15 % change on previous year compare
- 134 Malawi 2.15 % change on previous year compare
- 135 Equatorial Guinea 2.11 % 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Iceland?
- Services, value added (constant lcu), annual growth rate in Iceland was 2.16 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 10.64 % change on previous year in 2007.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -8.24 % change on previous year in 2020.
- How does Iceland rank for services, value added (constant lcu), annual growth rate?
- Iceland ranks 132nd out of 196 countries with data for 2025.
- Is services, value added (constant lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 38.4%. 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 Services, value added (constant LCU), 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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.