Value Added Deflator (Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 152.33 SLC in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for value added deflator (manufacturing) — value standard local currency in Iceland is 152.33 SLC, measured in 2023. That is the highest value across all 54 years on record.
That represents a change of up 3.5% on the previous year and up 53.7% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Iceland peaked at 152.33 SLC in 2023 and was at its lowest, 0.1158 SLC, in 1970.
Iceland ranks 59th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Iceland, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.1158 SLC | — |
| 1971 | 0.1262 SLC | +9.0% |
| 1972 | 0.1474 SLC | +16.8% |
| 1973 | 0.2174 SLC | +47.5% |
| 1974 | 0.2436 SLC | +12.0% |
| 1975 | 0.3626 SLC | +48.9% |
| 1976 | 0.506 SLC | +39.5% |
| 1977 | 0.6446 SLC | +27.4% |
| 1978 | 0.9205 SLC | +42.8% |
| 1979 | 1.42 SLC | +54.3% |
| 1980 | 2.09 SLC | +47.4% |
| 1981 | 3.11 SLC | +48.4% |
| 1982 | 4.82 SLC | +55.1% |
| 1983 | 8.45 SLC | +75.3% |
| 1984 | 11.4 SLC | +34.9% |
| 1985 | 14.8 SLC | +29.9% |
| 1986 | 19.68 SLC | +32.9% |
| 1987 | 24.74 SLC | +25.7% |
| 1988 | 30.57 SLC | +23.6% |
| 1989 | 36.8 SLC | +20.4% |
| 1990 | 41.16 SLC | +11.8% |
| 1991 | 43.9 SLC | +6.7% |
| 1992 | 43.56 SLC | -0.8% |
| 1993 | 45.46 SLC | +4.4% |
| 1994 | 49.3 SLC | +8.4% |
| 1995 | 49.15 SLC | -0.3% |
| 1996 | 48.8 SLC | -0.7% |
| 1997 | 50.1 SLC | +2.7% |
| 1998 | 52.37 SLC | +4.5% |
| 1999 | 48.6 SLC | -7.2% |
| 2000 | 50.99 SLC | +4.9% |
| 2001 | 62.9 SLC | +23.3% |
| 2002 | 59.51 SLC | -5.4% |
| 2003 | 57.12 SLC | -4.0% |
| 2004 | 56.96 SLC | -0.3% |
| 2005 | 53.18 SLC | -6.6% |
| 2006 | 62.72 SLC | +17.9% |
| 2007 | 58.64 SLC | -6.5% |
| 2008 | 87.61 SLC | +49.4% |
| 2009 | 93.4 SLC | +6.6% |
| 2010 | 111.39 SLC | +19.3% |
| 2011 | 110.96 SLC | -0.4% |
| 2012 | 99.1 SLC | -10.7% |
| 2013 | 99.11 SLC | +0.0% |
| 2014 | 100.72 SLC | +1.6% |
| 2015 | 100 SLC | -0.7% |
| 2016 | 95.1 SLC | -4.9% |
| 2017 | 94.35 SLC | -0.8% |
| 2018 | 93.14 SLC | -1.3% |
| 2019 | 100.53 SLC | +7.9% |
| 2020 | 109.95 SLC | +9.4% |
| 2021 | 124.44 SLC | +13.2% |
| 2022 | 147.15 SLC | +18.2% |
| 2023 | 152.33 SLC | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4705 SLC | 0.1158 SLC | 1.42 SLC | 10 |
| 1980s | 15.65 SLC | 2.09 SLC | 36.8 SLC | 10 |
| 1990s | 47.24 SLC | 41.16 SLC | 52.37 SLC | 10 |
| 2000s | 64.3 SLC | 50.99 SLC | 93.4 SLC | 10 |
| 2010s | 100.44 SLC | 93.14 SLC | 111.39 SLC | 10 |
| 2020s | 133.47 SLC | 109.95 SLC | 152.33 SLC | 4 |
Countries ranked near Iceland
- 56 Azerbaijan 154.21 SLC compare
- 57 Dominican Republic 153.4 SLC compare
- 58 Samoa 152.41 SLC compare
- 60 Mexico 151.03 SLC compare
- 61 Chile 149.6 SLC compare
- 62 North Macedonia 149.01 SLC 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)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added deflator (manufacturing) — value standard local currency in Iceland?
- Value added deflator (manufacturing) — value standard local currency in Iceland was 152.33 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Iceland?
- The highest recorded value was 152.33 SLC in 2023.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 0.1158 SLC in 1970.
- How does Iceland rank for value added deflator (manufacturing) — value standard local currency?
- Iceland ranks 59th out of 194 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Iceland?
- Over the last ten years it is up 53.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).