Services, value added (constant LCU), per unit of GDP in Iceland
Iceland: Services, value added (constant LCU), per unit of GDP was 62.62 constant LCU per US$ of GDP in 2025. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Iceland recorded 62.62 constant LCU per US$ of GDP for services, value added (constant lcu), per unit of gdp in 2025. That is the lowest value across all 31 years on record.
That represents a change of down 12.1% on the previous year and down 38.4% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Iceland peaked at 148.9 constant LCU per US$ of GDP in 2001 and was at its lowest, 62.62 constant LCU per US$ of GDP, in 2025.
Iceland ranks 47th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Services, value added (constant LCU), per unit of GDP in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 119.83 constant LCU per US$ of GDP | — |
| 1996 | 120.78 constant LCU per US$ of GDP | +0.8% |
| 1997 | 127.06 constant LCU per US$ of GDP | +5.2% |
| 1998 | 124.91 constant LCU per US$ of GDP | -1.7% |
| 1999 | 124.62 constant LCU per US$ of GDP | -0.2% |
| 2000 | 130.03 constant LCU per US$ of GDP | +4.3% |
| 2001 | 148.9 constant LCU per US$ of GDP | +14.5% |
| 2002 | 133.36 constant LCU per US$ of GDP | -10.4% |
| 2003 | 112.11 constant LCU per US$ of GDP | -15.9% |
| 2004 | 98.56 constant LCU per US$ of GDP | -12.1% |
| 2005 | 85.25 constant LCU per US$ of GDP | -13.5% |
| 2006 | 86.65 constant LCU per US$ of GDP | +1.6% |
| 2007 | 77.15 constant LCU per US$ of GDP | -11.0% |
| 2008 | 95.92 constant LCU per US$ of GDP | +24.3% |
| 2009 | 125.87 constant LCU per US$ of GDP | +31.2% |
| 2010 | 117.11 constant LCU per US$ of GDP | -7.0% |
| 2011 | 107.5 constant LCU per US$ of GDP | -8.2% |
| 2012 | 111.13 constant LCU per US$ of GDP | +3.4% |
| 2013 | 105.73 constant LCU per US$ of GDP | -4.9% |
| 2014 | 96.24 constant LCU per US$ of GDP | -9.0% |
| 2015 | 101.59 constant LCU per US$ of GDP | +5.6% |
| 2016 | 90.78 constant LCU per US$ of GDP | -10.6% |
| 2017 | 79.47 constant LCU per US$ of GDP | -12.5% |
| 2018 | 77.55 constant LCU per US$ of GDP | -2.4% |
| 2019 | 85.06 constant LCU per US$ of GDP | +9.7% |
| 2020 | 88.51 constant LCU per US$ of GDP | +4.1% |
| 2021 | 78.64 constant LCU per US$ of GDP | -11.1% |
| 2022 | 77.62 constant LCU per US$ of GDP | -1.3% |
| 2023 | 75.58 constant LCU per US$ of GDP | -2.6% |
| 2024 | 71.26 constant LCU per US$ of GDP | -5.7% |
| 2025 | 62.62 constant LCU per US$ of GDP | -12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 123.44 constant LCU per US$ of GDP | 119.83 constant LCU per US$ of GDP | 127.06 constant LCU per US$ of GDP | 5 |
| 2000s | 109.38 constant LCU per US$ of GDP | 77.15 constant LCU per US$ of GDP | 148.9 constant LCU per US$ of GDP | 10 |
| 2010s | 97.22 constant LCU per US$ of GDP | 77.55 constant LCU per US$ of GDP | 117.11 constant LCU per US$ of GDP | 10 |
| 2020s | 75.71 constant LCU per US$ of GDP | 62.62 constant LCU per US$ of GDP | 88.51 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 44 Angola 76.32 constant LCU per US$ of GDP compare
- 45 Sri Lanka 70.54 constant LCU per US$ of GDP compare
- 46 Vanuatu 67.64 constant LCU per US$ of GDP compare
- 48 Pakistan 58.59 constant LCU per US$ of GDP compare
- 49 Cape Verde 55.28 constant LCU per US$ of GDP compare
- 50 Jamaica 54.9 constant LCU per US$ of GDP 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)
- 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 services, value added (constant lcu), per unit of gdp in Iceland?
- Services, value added (constant lcu), per unit of gdp in Iceland was 62.62 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 148.9 constant LCU per US$ of GDP in 2001.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 62.62 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for services, value added (constant lcu), per unit of gdp?
- Iceland ranks 47th out of 197 countries with data for 2025.
- Is services, value added (constant lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.