Services, value added (constant LCU), per square kilometre in Iceland

Iceland: Services, value added (constant LCU), per square kilometre was 23.76 million constant LCU per square kilometre in 2023. ▲ Rising

Latest (2023)
23.76 million constant LCU per square kilometre
Change on year
up 5.8%
World rank
58th
of 195 countries
All-time high
23.76 million constant LCU per square kilometre
in 2023
All-time low
8.81 million constant LCU per square kilometre
in 1995
Years of data
29
1995–2023

Services, value added (constant LCU), per square kilometre in Iceland, 1995–2023

05.0M10.0M15.0M20.0M25.0M1995200920231995: 8.8M constant LCU per square kilometre1996: 9.3M constant LCU per square kilometre1997: 9.8M constant LCU per square kilometre1998: 10.8M constant LCU per square kilometre1999: 11.3M constant LCU per square kilometre2000: 11.9M constant LCU per square kilometre2001: 12.4M constant LCU per square kilometre2002: 12.5M constant LCU per square kilometre2003: 12.9M constant LCU per square kilometre2004: 13.7M constant LCU per square kilometre2005: 14.6M constant LCU per square kilometre2006: 15.3M constant LCU per square kilometre2007: 16.9M constant LCU per square kilometre2008: 17.5M constant LCU per square kilometre2009: 16.6M constant LCU per square kilometre2010: 16.3M constant LCU per square kilometre2011: 16.5M constant LCU per square kilometre2012: 16.6M constant LCU per square kilometre2013: 17.1M constant LCU per square kilometre2014: 17.3M constant LCU per square kilometre2015: 17.9M constant LCU per square kilometre2016: 19.1M constant LCU per square kilometre2017: 19.9M constant LCU per square kilometre2018: 20.5M constant LCU per square kilometre2019: 21.1M constant LCU per square kilometre2020: 19.3M constant LCU per square kilometre2021: 20.5M constant LCU per square kilometre2022: 22.5M constant LCU per square kilometre2023: 23.8M constant LCU per square kilometre

Source: Statizoid (derived). Measured in constant LCU per square kilometre.

Analysis

In 2023, services, value added (constant lcu), per square kilometre in Iceland stood at 23.76 million constant LCU per square kilometre. That is the highest value across all 29 years on record.

The figure is up 5.8% on the previous year and up 38.7% over ten years.

Over the whole period, services, value added (constant lcu), per square kilometre in Iceland peaked at 23.76 million constant LCU per square kilometre in 2023 and was at its lowest, 8.81 million constant LCU per square kilometre, in 1995.

That places Iceland 58th out of 195 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 29 years of available data.

Services, value added (constant LCU), per square kilometre in Iceland, year by year

Annual values for Services, value added (constant LCU), per square kilometre in Iceland, 1995 to 2023.
Year constant LCU per square kilometre Change
1995 8.81 million constant LCU per square kilometre
1996 9.26 million constant LCU per square kilometre +5.1%
1997 9.78 million constant LCU per square kilometre +5.6%
1998 10.76 million constant LCU per square kilometre +10.0%
1999 11.32 million constant LCU per square kilometre +5.2%
2000 11.86 million constant LCU per square kilometre +4.7%
2001 12.36 million constant LCU per square kilometre +4.3%
2002 12.53 million constant LCU per square kilometre +1.3%
2003 12.93 million constant LCU per square kilometre +3.2%
2004 13.73 million constant LCU per square kilometre +6.2%
2005 14.58 million constant LCU per square kilometre +6.2%
2006 15.27 million constant LCU per square kilometre +4.8%
2007 16.90 million constant LCU per square kilometre +10.6%
2008 17.46 million constant LCU per square kilometre +3.3%
2009 16.59 million constant LCU per square kilometre -5.0%
2010 16.26 million constant LCU per square kilometre -2.0%
2011 16.51 million constant LCU per square kilometre +1.5%
2012 16.57 million constant LCU per square kilometre +0.4%
2013 17.13 million constant LCU per square kilometre +3.4%
2014 17.33 million constant LCU per square kilometre +1.2%
2015 17.94 million constant LCU per square kilometre +3.5%
2016 19.09 million constant LCU per square kilometre +6.4%
2017 19.87 million constant LCU per square kilometre +4.1%
2018 20.52 million constant LCU per square kilometre +3.3%
2019 21.08 million constant LCU per square kilometre +2.7%
2020 19.34 million constant LCU per square kilometre -8.2%
2021 20.46 million constant LCU per square kilometre +5.8%
2022 22.46 million constant LCU per square kilometre +9.8%
2023 23.76 million constant LCU per square kilometre +5.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 9.99 million constant LCU per square kilometre 8.81 million constant LCU per square kilometre 11.32 million constant LCU per square kilometre 5
2000s 14.42 million constant LCU per square kilometre 11.86 million constant LCU per square kilometre 17.46 million constant LCU per square kilometre 10
2010s 18.23 million constant LCU per square kilometre 16.26 million constant LCU per square kilometre 21.08 million constant LCU per square kilometre 10
2020s 21.51 million constant LCU per square kilometre 19.34 million constant LCU per square kilometre 23.76 million constant LCU per square kilometre 4

Countries ranked near Iceland

  1. 55 Cameroon 27.09 million constant LCU per square kilometre compare
  2. 56 Barbados 25.37 million constant LCU per square kilometre compare
  3. 57 Aruba 24.04 million constant LCU per square kilometre compare
  4. 59 Luxembourg 21.62 million constant LCU per square kilometre compare
  5. 60 Djibouti 20.47 million constant LCU per square kilometre compare
  6. 61 Netherlands 19.19 million constant LCU per square kilometre compare

See the full ranking of 196 places →

More economy & growth data for Iceland

All data for Iceland →

Frequently asked questions

What is services, value added (constant lcu), per square kilometre in Iceland?
Services, value added (constant lcu), per square kilometre in Iceland was 23.76 million constant LCU per square kilometre in 2023, according to Statizoid (derived).
What is the highest services, value added (constant lcu), per square kilometre recorded in Iceland?
The highest recorded value was 23.76 million constant LCU per square kilometre in 2023.
What is the lowest services, value added (constant lcu), per square kilometre recorded in Iceland?
The lowest recorded value was 8.81 million constant LCU per square kilometre in 1995.
How does Iceland rank for services, value added (constant lcu), per square kilometre?
Iceland ranks 58th out of 195 countries with data for 2023.
Is services, value added (constant lcu), per square kilometre rising or falling in Iceland?
Over the last ten years it is up 38.7%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Statizoid (derived), published as part of Services, value added (constant LCU), per square kilometre. Statizoid updates them automatically from the source API.

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Services, value added (constant LCU), per square kilometre in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 02 September 2026, from https://economy.statizoid.com/stat/services-value-added-constant-lcu-per-square-kilometre/iceland/

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How this figure is calculated

Services, value added (constant LCU) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Services, value added (constant LCU) ÷ Land area (sq. km)

Computed from

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

Indicator
Services, value added (constant LCU), per square kilometre
Unit
constant LCU per square kilometre
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
196 places, 7,443 data points, 1961–2023
Last refreshed

Services, value added (constant LCU) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.