Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.7025 million SLC per person in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for value added (total manufacturing) — value standard local currency in Iceland is 0.7025 million SLC per person, measured in 2023.
The figure is down 0.7% on the previous year and down 1.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 0.7497 million SLC per person in 2015 and was at its lowest, 0.3319 million SLC per person, in 1970.
Iceland ranks 15th of 194 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.3319 million SLC per person | — |
| 1971 | 0.3696 million SLC per person | +11.4% |
| 1972 | 0.3837 million SLC per person | +3.8% |
| 1973 | 0.4187 million SLC per person | +9.1% |
| 1974 | 0.4153 million SLC per person | -0.8% |
| 1975 | 0.4085 million SLC per person | -1.6% |
| 1976 | 0.4488 million SLC per person | +9.9% |
| 1977 | 0.506 million SLC per person | +12.7% |
| 1978 | 0.5101 million SLC per person | +0.8% |
| 1979 | 0.5406 million SLC per person | +6.0% |
| 1980 | 0.5786 million SLC per person | +7.0% |
| 1981 | 0.591 million SLC per person | +2.1% |
| 1982 | 0.5614 million SLC per person | -5.0% |
| 1983 | 0.5191 million SLC per person | -7.5% |
| 1984 | 0.5504 million SLC per person | +6.0% |
| 1985 | 0.553 million SLC per person | +0.5% |
| 1986 | 0.5772 million SLC per person | +4.4% |
| 1987 | 0.6175 million SLC per person | +7.0% |
| 1988 | 0.5663 million SLC per person | -8.3% |
| 1989 | 0.5393 million SLC per person | -4.8% |
| 1990 | 0.5205 million SLC per person | -3.5% |
| 1991 | 0.5231 million SLC per person | +0.5% |
| 1992 | 0.5012 million SLC per person | -4.2% |
| 1993 | 0.4849 million SLC per person | -3.3% |
| 1994 | 0.4954 million SLC per person | +2.2% |
| 1995 | 0.4972 million SLC per person | +0.4% |
| 1996 | 0.5364 million SLC per person | +7.9% |
| 1997 | 0.5569 million SLC per person | +3.8% |
| 1998 | 0.5649 million SLC per person | +1.4% |
| 1999 | 0.5703 million SLC per person | +0.9% |
| 2000 | 0.5714 million SLC per person | +0.2% |
| 2001 | 0.5975 million SLC per person | +4.6% |
| 2002 | 0.5791 million SLC per person | -3.1% |
| 2003 | 0.5808 million SLC per person | +0.3% |
| 2004 | 0.6084 million SLC per person | +4.7% |
| 2005 | 0.5744 million SLC per person | -5.6% |
| 2006 | 0.5792 million SLC per person | +0.8% |
| 2007 | 0.5874 million SLC per person | +1.4% |
| 2008 | 0.62 million SLC per person | +5.5% |
| 2009 | 0.5983 million SLC per person | -3.5% |
| 2010 | 0.6129 million SLC per person | +2.4% |
| 2011 | 0.6588 million SLC per person | +7.5% |
| 2012 | 0.6767 million SLC per person | +2.7% |
| 2013 | 0.7128 million SLC per person | +5.3% |
| 2014 | 0.7213 million SLC per person | +1.2% |
| 2015 | 0.7497 million SLC per person | +3.9% |
| 2016 | 0.7306 million SLC per person | -2.6% |
| 2017 | 0.7231 million SLC per person | -1.0% |
| 2018 | 0.7372 million SLC per person | +2.0% |
| 2019 | 0.7084 million SLC per person | -3.9% |
| 2020 | 0.647 million SLC per person | -8.7% |
| 2021 | 0.6931 million SLC per person | +7.1% |
| 2022 | 0.7077 million SLC per person | +2.1% |
| 2023 | 0.7025 million SLC per person | -0.7% |
Iceland compared with similar countries
- Iceland's 0.7025 million SLC per person is above the median for high income countries, which is 0.0052 million SLC per person, 134.8× the median. (73 countries reporting)
- Iceland's 0.7025 million SLC per person is above the median for Europe & Central Asia, which is 0.0064 million SLC per person, 110.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4333 million SLC per person | 0.3319 million SLC per person | 0.5406 million SLC per person | 10 |
| 1980s | 0.5654 million SLC per person | 0.5191 million SLC per person | 0.6175 million SLC per person | 10 |
| 1990s | 0.5251 million SLC per person | 0.4849 million SLC per person | 0.5703 million SLC per person | 10 |
| 2000s | 0.5897 million SLC per person | 0.5714 million SLC per person | 0.62 million SLC per person | 10 |
| 2010s | 0.7031 million SLC per person | 0.6129 million SLC per person | 0.7497 million SLC per person | 10 |
| 2020s | 0.6876 million SLC per person | 0.647 million SLC per person | 0.7077 million SLC per person | 4 |
Countries ranked near Iceland
- 12 Hungary 0.7958 million SLC per person compare
- 13 Equatorial Guinea 0.7339 million SLC per person compare
- 14 Mongolia 0.7072 million SLC per person compare
- 16 New Caledonia 0.448 million SLC per person compare
- 17 Uganda 0.4446 million SLC per person compare
- 18 Lebanon 0.4124 million SLC per person 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 (total manufacturing) — value standard local currency in Iceland?
- Value added (total manufacturing) — value standard local currency in Iceland was 0.7025 million SLC per person in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The highest recorded value was 0.7497 million SLC per person in 2015.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 0.3319 million SLC per person in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 15th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Iceland?
- Over the last ten years it is down 1.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.