Services, value added per worker in Iceland
Iceland: Services, value added per worker was 84,021 constant 2015 US$ in 2025. ▲ Rising
Services, value added per worker in Iceland, 1995–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added per worker in Iceland is 84,021 constant 2015 US$, measured in 2025.
Compared with earlier readings it is up 0.3% on the previous year and up 11.4% over ten years.
Over the whole period, services, value added per worker in Iceland peaked at 85,641 constant 2015 US$ in 2023 and was at its lowest, 59,092 constant 2015 US$, in 1995.
That places Iceland 14th out of 176 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added per worker in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 59,092 constant 2015 US$ | — |
| 1996 | 60,613 constant 2015 US$ | +2.6% |
| 1997 | 64,343 constant 2015 US$ | +6.2% |
| 1998 | 69,557 constant 2015 US$ | +8.1% |
| 1999 | 66,938 constant 2015 US$ | -3.8% |
| 2000 | 66,246 constant 2015 US$ | -1.0% |
| 2001 | 67,917 constant 2015 US$ | +2.5% |
| 2002 | 69,095 constant 2015 US$ | +1.7% |
| 2003 | 69,624 constant 2015 US$ | +0.8% |
| 2004 | 74,980 constant 2015 US$ | +7.7% |
| 2005 | 75,793 constant 2015 US$ | +1.1% |
| 2006 | 75,712 constant 2015 US$ | -0.1% |
| 2007 | 79,312 constant 2015 US$ | +4.8% |
| 2008 | 81,343 constant 2015 US$ | +2.6% |
| 2009 | 79,818 constant 2015 US$ | -1.9% |
| 2010 | 78,526 constant 2015 US$ | -1.6% |
| 2011 | 79,449 constant 2015 US$ | +1.2% |
| 2012 | 77,939 constant 2015 US$ | -1.9% |
| 2013 | 77,840 constant 2015 US$ | -0.1% |
| 2014 | 76,130 constant 2015 US$ | -2.2% |
| 2015 | 75,408 constant 2015 US$ | -0.9% |
| 2016 | 76,592 constant 2015 US$ | +1.6% |
| 2017 | 77,750 constant 2015 US$ | +1.5% |
| 2018 | 78,758 constant 2015 US$ | +1.3% |
| 2019 | 80,497 constant 2015 US$ | +2.2% |
| 2020 | 76,687 constant 2015 US$ | -4.7% |
| 2021 | 81,389 constant 2015 US$ | +6.1% |
| 2022 | 82,610 constant 2015 US$ | +1.5% |
| 2023 | 85,641 constant 2015 US$ | +3.7% |
| 2024 | 83,758 constant 2015 US$ | -2.2% |
| 2025 | 84,021 constant 2015 US$ | +0.3% |
Iceland compared with similar countries
- Iceland's 84,021 constant 2015 US$ is above the median for high income countries, which is 54,874 constant 2015 US$, 1.5× the median. (56 countries reporting)
- Iceland's 84,021 constant 2015 US$ is above the median for Europe & Central Asia, which is 36,689 constant 2015 US$, 2.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64,109 constant 2015 US$ | 59,092 constant 2015 US$ | 69,557 constant 2015 US$ | 5 |
| 2000s | 73,984 constant 2015 US$ | 66,246 constant 2015 US$ | 81,343 constant 2015 US$ | 10 |
| 2010s | 77,889 constant 2015 US$ | 75,408 constant 2015 US$ | 80,497 constant 2015 US$ | 10 |
| 2020s | 82,351 constant 2015 US$ | 76,687 constant 2015 US$ | 85,641 constant 2015 US$ | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is services, value added per worker in Iceland?
- Services, value added per worker in Iceland was 84,021 constant 2015 US$ in 2025, according to World Development Indicators database, World Bank (WB).
- What is the highest services, value added per worker recorded in Iceland?
- The highest recorded value was 85,641 constant 2015 US$ in 2023.
- What is the lowest services, value added per worker recorded in Iceland?
- The lowest recorded value was 59,092 constant 2015 US$ in 1995.
- How does Iceland rank for services, value added per worker?
- Iceland ranks 14th out of 176 countries with data for 2025.
- Is services, value added per worker rising or falling in Iceland?
- Over the last ten years it is up 11.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Services, value added per worker (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.