Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 270,918 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Iceland stood at 270,918 million SLC. 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 17.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 270,918 million SLC in 2023 and was at its lowest, 67,853 million SLC, in 1970.
Iceland ranks 62nd of 194 countries on this measure, 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 | Change |
|---|---|---|
| 1970 | 67,853 million SLC | — |
| 1971 | 76,177 million SLC | +12.3% |
| 1972 | 80,255 million SLC | +5.4% |
| 1973 | 88,889 million SLC | +10.8% |
| 1974 | 89,382 million SLC | +0.6% |
| 1975 | 89,053 million SLC | -0.4% |
| 1976 | 98,802 million SLC | +10.9% |
| 1977 | 112,220 million SLC | +13.6% |
| 1978 | 114,028 million SLC | +1.6% |
| 1979 | 122,024 million SLC | +7.0% |
| 1980 | 131,992 million SLC | +8.2% |
| 1981 | 136,373 million SLC | +3.3% |
| 1982 | 131,279 million SLC | -3.7% |
| 1983 | 123,011 million SLC | -6.3% |
| 1984 | 131,818 million SLC | +7.2% |
| 1985 | 133,495 million SLC | +1.3% |
| 1986 | 140,358 million SLC | +5.1% |
| 1987 | 151,813 million SLC | +8.2% |
| 1988 | 141,440 million SLC | -6.8% |
| 1989 | 136,369 million SLC | -3.6% |
| 1990 | 132,629 million SLC | -2.7% |
| 1991 | 134,848 million SLC | +1.7% |
| 1992 | 130,847 million SLC | -3.0% |
| 1993 | 127,885 million SLC | -2.3% |
| 1994 | 131,785 million SLC | +3.0% |
| 1995 | 132,982 million SLC | +0.9% |
| 1996 | 144,256 million SLC | +8.5% |
| 1997 | 150,990 million SLC | +4.7% |
| 1998 | 154,818 million SLC | +2.5% |
| 1999 | 158,178 million SLC | +2.2% |
| 2000 | 160,675 million SLC | +1.6% |
| 2001 | 170,282 million SLC | +6.0% |
| 2002 | 166,518 million SLC | -2.2% |
| 2003 | 168,156 million SLC | +1.0% |
| 2004 | 177,693 million SLC | +5.7% |
| 2005 | 170,456 million SLC | -4.1% |
| 2006 | 175,945 million SLC | +3.2% |
| 2007 | 183,029 million SLC | +4.0% |
| 2008 | 196,800 million SLC | +7.5% |
| 2009 | 190,548 million SLC | -3.2% |
| 2010 | 194,913 million SLC | +2.3% |
| 2011 | 210,155 million SLC | +7.8% |
| 2012 | 217,026 million SLC | +3.3% |
| 2013 | 230,770 million SLC | +6.3% |
| 2014 | 236,141 million SLC | +2.3% |
| 2015 | 248,020 million SLC | +5.0% |
| 2016 | 245,063 million SLC | -1.2% |
| 2017 | 248,327 million SLC | +1.3% |
| 2018 | 260,042 million SLC | +4.7% |
| 2019 | 255,432 million SLC | -1.8% |
| 2020 | 237,110 million SLC | -7.2% |
| 2021 | 258,184 million SLC | +8.9% |
| 2022 | 270,331 million SLC | +4.7% |
| 2023 | 270,918 million SLC | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 93,868 million SLC | 67,853 million SLC | 122,024 million SLC | 10 |
| 1980s | 135,795 million SLC | 123,011 million SLC | 151,813 million SLC | 10 |
| 1990s | 139,922 million SLC | 127,885 million SLC | 158,178 million SLC | 10 |
| 2000s | 176,010 million SLC | 160,675 million SLC | 196,800 million SLC | 10 |
| 2010s | 234,589 million SLC | 194,913 million SLC | 260,042 million SLC | 10 |
| 2020s | 259,136 million SLC | 237,110 million SLC | 270,918 million SLC | 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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (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 270,918 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The highest recorded value was 270,918 million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 67,853 million SLC in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 62nd 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 17.4%. The long-run trend across the full record is rising.
- 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) — Value Standard Local Currency, 2015 prices. 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).