Textiles and clothing in Iceland
Iceland: Textiles and clothing was 1.2% in 2023. ◆ Volatile
Textiles and clothing in Iceland, 1968–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for textiles and clothing in Iceland is 1.2%, measured in 2023.
The figure is up 25.2% on the previous year and up 7.9% over ten years.
Over the whole period, textiles and clothing in Iceland peaked at 8.7% in 1971 and was at its lowest, 1.0%, in 2022.
Iceland ranks 130th of 154 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Textiles and clothing in Iceland, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 1968 | 7.4% | — |
| 1969 | 8.1% | +9.2% |
| 1970 | 8.4% | +3.3% |
| 1971 | 8.7% | +3.5% |
| 1972 | 8.0% | -7.5% |
| 1973 | 7.8% | -2.9% |
| 1974 | 7.3% | -6.2% |
| 1975 | 7.4% | +1.3% |
| 1976 | 6.8% | -8.0% |
| 1977 | 7.4% | +8.0% |
| 1978 | 7.0% | -5.1% |
| 1979 | 7.1% | +2.4% |
| 1980 | 8.5% | +19.0% |
| 1981 | 7.2% | -15.9% |
| 1982 | 7.6% | +5.9% |
| 1983 | 8.0% | +5.2% |
| 1984 | 7.7% | -3.4% |
| 1985 | 8.0% | +3.9% |
| 1986 | 6.8% | -15.0% |
| 1987 | 6.3% | -7.3% |
| 1988 | 5.4% | -14.1% |
| 1989 | 4.3% | -19.8% |
| 1990 | 4.5% | +3.4% |
| 1991 | 4.2% | -6.1% |
| 1992 | 4.5% | +6.2% |
| 1993 | 4.2% | -6.9% |
| 1994 | 4.3% | +2.8% |
| 1995 | 4.8% | +11.8% |
| 1996 | 5.1% | +6.8% |
| 1997 | 3.4% | -33.6% |
| 1998 | 2.8% | -18.7% |
| 1999 | 2.9% | +4.0% |
| 2000 | 2.6% | -7.9% |
| 2001 | 2.1% | -20.9% |
| 2002 | 2.3% | +10.2% |
| 2003 | 2.2% | -2.8% |
| 2004 | 1.9% | -13.1% |
| 2005 | 2.0% | +4.2% |
| 2006 | 1.7% | -15.8% |
| 2007 | 1.7% | +0.9% |
| 2008 | 1.7% | -0.3% |
| 2009 | 1.7% | -0.1% |
| 2010 | 1.7% | +1.0% |
| 2011 | 1.2% | -33.6% |
| 2012 | 1.2% | +0.0% |
| 2013 | 1.2% | +0.0% |
| 2014 | 1.2% | +0.0% |
| 2015 | 1.2% | +2.2% |
| 2016 | 1.1% | -4.5% |
| 2017 | 1.1% | +1.4% |
| 2018 | 1.1% | -0.2% |
| 2019 | 1.1% | -6.7% |
| 2020 | 1.1% | +1.4% |
| 2021 | 1.1% | +3.1% |
| 2022 | 1.0% | -10.5% |
| 2023 | 1.2% | +25.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.8% | 7.4% | 8.1% | 2 |
| 1970s | 7.6% | 6.8% | 8.7% | 10 |
| 1980s | 7.0% | 4.3% | 8.5% | 10 |
| 1990s | 4.1% | 2.8% | 5.1% | 10 |
| 2000s | 2.0% | 1.7% | 2.6% | 10 |
| 2010s | 1.2% | 1.1% | 1.7% | 10 |
| 2020s | 1.1% | 1.0% | 1.2% | 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)
- 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 textiles and clothing in Iceland?
- Textiles and clothing in Iceland was 1.2% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest textiles and clothing recorded in Iceland?
- The highest recorded value was 8.7% in 1971.
- What is the lowest textiles and clothing recorded in Iceland?
- The lowest recorded value was 1.0% in 2022.
- How does Iceland rank for textiles and clothing?
- Iceland ranks 130th out of 154 countries with data for 2023.
- Is textiles and clothing rising or falling in Iceland?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is volatile.
- 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 Textiles and clothing (% of value added in manufacturing). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Textiles and clothing refers to industries in ISIC (rev. 3) divisions 17-19 and includes manufacturing of textiles, apparel, dyeing of fur, and tanning of leather. 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).