Value added and turnover of enterprises in the cultural sectors by in Iceland
Iceland: Value added and turnover of enterprises in the cultural sectors by was 456.6 Million euro in 2020. ▼ Falling
Latest (2020)
456.6 Million euro
Change on year
down 17.5%
World rank
33rd
of 35 countries
All-time high
603.7 Million euro
in 2017
All-time low
456.6 Million euro
in 2020
Years of data
5
2015–2020
Value added and turnover of enterprises in the cultural sectors by in Iceland, 2015–2020
Source: Eurostat. Measured in Million euro.
Analysis
In 2020, value added and turnover of enterprises in the cultural sectors by in Iceland stood at 456.6 Million euro. That is the lowest value across all 5 years on record.
The figure is down 17.5% on the previous year and down 6.1% over ten years.
Iceland ranks 33rd of 35 countries on this measure, in the bottom quarter.
Value added and turnover of enterprises in the cultural sectors by in Iceland, year by year
| Year | Million euro | Change |
|---|---|---|
| 2015 | 486.2 Million euro | — |
| 2016 | 600.3 Million euro | +23.5% |
| 2017 | 603.7 Million euro | +0.6% |
| 2018 | 553.4 Million euro | -8.3% |
| 2020 | 456.6 Million euro | -17.5% |
Iceland compared with similar countries
- Iceland's 456.6 Million euro is below the median for Europe & Central Asia, which is 4,136 Million euro, 11% of the median. (27 countries reporting)
- Iceland's 456.6 Million euro is below the median for high income countries, which is 4,710 Million euro, 10% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 560.9 Million euro | 486.2 Million euro | 603.7 Million euro | 4 |
| 2020s | 456.6 Million euro | 456.6 Million euro | 456.6 Million euro | 1 |
Countries ranked near Iceland
- 31 Latvia 646.5 Million euro compare
- 31 Latvia 646.5 Million euro compare
- 34 Bosnia and Herzegovina 384.4 Million euro compare
- 35 North Macedonia 218.5 Million euro 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)
- 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 value added and turnover of enterprises in the cultural sectors by in Iceland?
- Value added and turnover of enterprises in the cultural sectors by in Iceland was 456.6 Million euro in 2020, according to Eurostat.
- What is the highest value added and turnover of enterprises in the cultural sectors by recorded in Iceland?
- The highest recorded value was 603.7 Million euro in 2017.
- What is the lowest value added and turnover of enterprises in the cultural sectors by recorded in Iceland?
- The lowest recorded value was 456.6 Million euro in 2020.
- How does Iceland rank for value added and turnover of enterprises in the cultural sectors by?
- Iceland ranks 33rd out of 35 countries with data for 2020.
- Is value added and turnover of enterprises in the cultural sectors by rising or falling in Iceland?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Value added and turnover of enterprises in the cultural sectors by NACE Rev. 2 activity (2011-2020). Statizoid updates them automatically from the source API.
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