Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 2.69 million SLC per square kilometre in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Iceland recorded 2.69 million SLC per square kilometre for value added (total manufacturing) — value standard local currency in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 0.2% on the previous year and up 16.7% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 2.69 million SLC per square kilometre in 2023 and was at its lowest, 0.6768 million SLC per square kilometre, in 1970.
That places Iceland 65th out of 194 countries with data for 2023, putting it in the middle of the range.
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 square kilometre | Change |
|---|---|---|
| 1970 | 0.6768 million SLC per square kilometre | — |
| 1971 | 0.7599 million SLC per square kilometre | +12.3% |
| 1972 | 0.8005 million SLC per square kilometre | +5.4% |
| 1973 | 0.8867 million SLC per square kilometre | +10.8% |
| 1974 | 0.8916 million SLC per square kilometre | +0.6% |
| 1975 | 0.8883 million SLC per square kilometre | -0.4% |
| 1976 | 0.9856 million SLC per square kilometre | +10.9% |
| 1977 | 1.12 million SLC per square kilometre | +13.6% |
| 1978 | 1.14 million SLC per square kilometre | +1.6% |
| 1979 | 1.22 million SLC per square kilometre | +7.0% |
| 1980 | 1.32 million SLC per square kilometre | +8.2% |
| 1981 | 1.36 million SLC per square kilometre | +3.3% |
| 1982 | 1.31 million SLC per square kilometre | -3.7% |
| 1983 | 1.23 million SLC per square kilometre | -6.3% |
| 1984 | 1.31 million SLC per square kilometre | +7.2% |
| 1985 | 1.33 million SLC per square kilometre | +1.3% |
| 1986 | 1.4 million SLC per square kilometre | +5.1% |
| 1987 | 1.51 million SLC per square kilometre | +8.2% |
| 1988 | 1.41 million SLC per square kilometre | -6.8% |
| 1989 | 1.36 million SLC per square kilometre | -3.6% |
| 1990 | 1.32 million SLC per square kilometre | -2.7% |
| 1991 | 1.35 million SLC per square kilometre | +1.7% |
| 1992 | 1.31 million SLC per square kilometre | -3.0% |
| 1993 | 1.28 million SLC per square kilometre | -2.3% |
| 1994 | 1.31 million SLC per square kilometre | +3.0% |
| 1995 | 1.33 million SLC per square kilometre | +0.9% |
| 1996 | 1.44 million SLC per square kilometre | +8.5% |
| 1997 | 1.51 million SLC per square kilometre | +4.7% |
| 1998 | 1.54 million SLC per square kilometre | +2.5% |
| 1999 | 1.58 million SLC per square kilometre | +2.2% |
| 2000 | 1.6 million SLC per square kilometre | +1.6% |
| 2001 | 1.7 million SLC per square kilometre | +6.0% |
| 2002 | 1.66 million SLC per square kilometre | -2.2% |
| 2003 | 1.68 million SLC per square kilometre | +1.0% |
| 2004 | 1.77 million SLC per square kilometre | +5.7% |
| 2005 | 1.7 million SLC per square kilometre | -4.1% |
| 2006 | 1.76 million SLC per square kilometre | +3.2% |
| 2007 | 1.83 million SLC per square kilometre | +4.0% |
| 2008 | 1.96 million SLC per square kilometre | +7.5% |
| 2009 | 1.9 million SLC per square kilometre | -3.2% |
| 2010 | 1.94 million SLC per square kilometre | +2.3% |
| 2011 | 2.1 million SLC per square kilometre | +7.8% |
| 2012 | 2.16 million SLC per square kilometre | +3.3% |
| 2013 | 2.3 million SLC per square kilometre | +6.3% |
| 2014 | 2.36 million SLC per square kilometre | +2.3% |
| 2015 | 2.47 million SLC per square kilometre | +5.0% |
| 2016 | 2.44 million SLC per square kilometre | -1.2% |
| 2017 | 2.48 million SLC per square kilometre | +1.3% |
| 2018 | 2.58 million SLC per square kilometre | +4.1% |
| 2019 | 2.53 million SLC per square kilometre | -1.8% |
| 2020 | 2.35 million SLC per square kilometre | -7.2% |
| 2021 | 2.56 million SLC per square kilometre | +8.9% |
| 2022 | 2.68 million SLC per square kilometre | +4.7% |
| 2023 | 2.69 million SLC per square kilometre | +0.2% |
Iceland compared with similar countries
- Iceland's 2.69 million SLC per square kilometre is above the median for high income countries, which is 0.7488 million SLC per square kilometre, 3.6× the median. (73 countries reporting)
- Iceland's 2.69 million SLC per square kilometre is above the median for Europe & Central Asia, which is 0.6076 million SLC per square kilometre, 4.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9363 million SLC per square kilometre | 0.6768 million SLC per square kilometre | 1.22 million SLC per square kilometre | 10 |
| 1980s | 1.35 million SLC per square kilometre | 1.23 million SLC per square kilometre | 1.51 million SLC per square kilometre | 10 |
| 1990s | 1.4 million SLC per square kilometre | 1.28 million SLC per square kilometre | 1.58 million SLC per square kilometre | 10 |
| 2000s | 1.76 million SLC per square kilometre | 1.6 million SLC per square kilometre | 1.96 million SLC per square kilometre | 10 |
| 2010s | 2.34 million SLC per square kilometre | 1.94 million SLC per square kilometre | 2.58 million SLC per square kilometre | 10 |
| 2020s | 2.57 million SLC per square kilometre | 2.35 million SLC per square kilometre | 2.69 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 62 Bahrain 2.8 million SLC per square kilometre compare
- 63 United Arab Emirates 2.78 million SLC per square kilometre compare
- 64 North Macedonia 2.77 million SLC per square kilometre compare
- 66 Mexico 2.21 million SLC per square kilometre compare
- 67 Kazakhstan 2.19 million SLC per square kilometre compare
- 68 Ireland 2.19 million SLC per square kilometre 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 2.69 million SLC per square kilometre 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 2.69 million SLC per square kilometre in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 0.6768 million SLC per square kilometre in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 65th 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 up 16.7%. 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 square kilometre. 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.