Value Added (Total Manufacturing) — Share of GDP US$ in Iceland
Iceland: Value Added (Total Manufacturing) — Share of GDP US$ was 9.55 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP US$ in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, value added (total manufacturing) — share of gdp us$ in Iceland stood at 9.55 %.
The figure is down 6.6% on the previous year and down 17.7% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp us$ in Iceland peaked at 18.58 % in 1973 and was at its lowest, 7.74 %, in 2007.
That places Iceland 111th out of 203 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Value Added (Total Manufacturing) — Share of GDP US$ in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 16.95 % | — |
| 1971 | 16.3 % | -3.8% |
| 1972 | 15.96 % | -2.1% |
| 1973 | 18.58 % | +16.4% |
| 1974 | 14.38 % | -22.6% |
| 1975 | 14.93 % | +3.9% |
| 1976 | 16.44 % | +10.1% |
| 1977 | 16.47 % | +0.2% |
| 1978 | 15.41 % | -6.4% |
| 1979 | 17.23 % | +11.8% |
| 1980 | 17.04 % | -1.1% |
| 1981 | 16.8 % | -1.4% |
| 1982 | 15.98 % | -4.9% |
| 1983 | 15.13 % | -5.3% |
| 1984 | 16.55 % | +9.4% |
| 1985 | 15.96 % | -3.6% |
| 1986 | 16.84 % | +5.6% |
| 1987 | 17.59 % | +4.4% |
| 1988 | 16.46 % | -6.4% |
| 1989 | 15.51 % | -5.8% |
| 1990 | 14.48 % | -6.6% |
| 1991 | 14.52 % | +0.3% |
| 1992 | 13.99 % | -3.7% |
| 1993 | 13.83 % | -1.1% |
| 1994 | 14.54 % | +5.1% |
| 1995 | 14.18 % | -2.4% |
| 1996 | 14.25 % | +0.5% |
| 1997 | 14.09 % | -1.1% |
| 1998 | 13.44 % | -4.6% |
| 1999 | 11.83 % | -12.0% |
| 2000 | 11.55 % | -2.4% |
| 2001 | 13.35 % | +15.6% |
| 2002 | 11.6 % | -13.1% |
| 2003 | 10.96 % | -5.6% |
| 2004 | 10.43 % | -4.8% |
| 2005 | 8.54 % | -18.1% |
| 2006 | 9 % | +5.4% |
| 2007 | 7.74 % | -14.0% |
| 2008 | 10.85 % | +40.2% |
| 2009 | 10.94 % | +0.9% |
| 2010 | 12.92 % | +18.0% |
| 2011 | 13.21 % | +2.3% |
| 2012 | 11.66 % | -11.8% |
| 2013 | 11.61 % | -0.4% |
| 2014 | 11.4 % | -1.8% |
| 2015 | 10.73 % | -5.8% |
| 2016 | 9.28 % | -13.6% |
| 2017 | 8.87 % | -4.4% |
| 2018 | 8.52 % | -4.0% |
| 2019 | 8.49 % | -0.4% |
| 2020 | 8.9 % | +4.9% |
| 2021 | 9.8 % | +10.1% |
| 2022 | 10.22 % | +4.3% |
| 2023 | 9.55 % | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.27 % | 14.38 % | 18.58 % | 10 |
| 1980s | 16.39 % | 15.13 % | 17.59 % | 10 |
| 1990s | 13.92 % | 11.83 % | 14.54 % | 10 |
| 2000s | 10.5 % | 7.74 % | 13.35 % | 10 |
| 2010s | 10.67 % | 8.49 % | 13.21 % | 10 |
| 2020s | 9.62 % | 8.9 % | 10.22 % | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — share of gdp us$ in Iceland?
- Value added (total manufacturing) — share of gdp us$ in Iceland was 9.55 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp us$ recorded in Iceland?
- The highest recorded value was 18.58 % in 1973.
- What is the lowest value added (total manufacturing) — share of gdp us$ recorded in Iceland?
- The lowest recorded value was 7.74 % in 2007.
- How does Iceland rank for value added (total manufacturing) — share of gdp us$?
- Iceland ranks 111th out of 203 countries with data for 2023.
- Is value added (total manufacturing) — share of gdp us$ rising or falling in Iceland?
- Over the last ten years it is down 17.7%. The long-run trend across the full record is falling.
- 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 (Total Manufacturing) — Share of GDP US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).