Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 3.75 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 3.75 % change on previous year for value added (total manufacturing) — value standard local currency in 2023.
That represents a change of down 84.3% on the previous year and down 40.8% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 65.17 % change on previous year in 1979 and was at its lowest, -10.44 % change on previous year, in 2005.
Iceland ranks 144th of 231 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 (Total Manufacturing) — Value Standard Local Currency in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 22.43 % change on previous year | — |
| 1972 | 23 % change on previous year | +2.6% |
| 1973 | 63.4 % change on previous year | +175.6% |
| 1974 | 12.64 % change on previous year | -80.1% |
| 1975 | 48.31 % change on previous year | +282.2% |
| 1976 | 54.81 % change on previous year | +13.5% |
| 1977 | 44.7 % change on previous year | -18.5% |
| 1978 | 45.1 % change on previous year | +0.9% |
| 1979 | 65.17 % change on previous year | +44.5% |
| 1980 | 59.49 % change on previous year | -8.7% |
| 1981 | 53.35 % change on previous year | -10.3% |
| 1982 | 49.27 % change on previous year | -7.6% |
| 1983 | 64.26 % change on previous year | +30.4% |
| 1984 | 44.54 % change on previous year | -30.7% |
| 1985 | 31.51 % change on previous year | -29.2% |
| 1986 | 39.78 % change on previous year | +26.2% |
| 1987 | 35.98 % change on previous year | -9.6% |
| 1988 | 15.12 % change on previous year | -58.0% |
| 1989 | 16.05 % change on previous year | +6.1% |
| 1990 | 8.78 % change on previous year | -45.3% |
| 1991 | 8.44 % change on previous year | -3.9% |
| 1992 | -3.72 % change on previous year | -144.0% |
| 1993 | 2 % change on previous year | -153.8% |
| 1994 | 11.75 % change on previous year | +487.1% |
| 1995 | 0.6207 % change on previous year | -94.7% |
| 1996 | 7.69 % change on previous year | +1139.2% |
| 1997 | 7.45 % change on previous year | -3.1% |
| 1998 | 7.2 % change on previous year | -3.4% |
| 1999 | -5.2 % change on previous year | -172.2% |
| 2000 | 6.59 % change on previous year | -226.8% |
| 2001 | 30.72 % change on previous year | +366.3% |
| 2002 | -7.48 % change on previous year | -124.3% |
| 2003 | -3.07 % change on previous year | -58.9% |
| 2004 | 5.37 % change on previous year | -275.0% |
| 2005 | -10.44 % change on previous year | -294.3% |
| 2006 | 21.73 % change on previous year | -308.1% |
| 2007 | -2.74 % change on previous year | -112.6% |
| 2008 | 60.65 % change on previous year | -2311.0% |
| 2009 | 3.22 % change on previous year | -94.7% |
| 2010 | 21.99 % change on previous year | +582.8% |
| 2011 | 7.4 % change on previous year | -66.3% |
| 2012 | -7.76 % change on previous year | -204.9% |
| 2013 | 6.34 % change on previous year | -181.6% |
| 2014 | 3.99 % change on previous year | -37.0% |
| 2015 | 4.28 % change on previous year | +7.4% |
| 2016 | -6.04 % change on previous year | -240.9% |
| 2017 | 0.5299 % change on previous year | -108.8% |
| 2018 | 3.39 % change on previous year | +538.8% |
| 2019 | 6.01 % change on previous year | +77.6% |
| 2020 | 1.53 % change on previous year | -74.6% |
| 2021 | 23.24 % change on previous year | +1422.3% |
| 2022 | 23.81 % change on previous year | +2.4% |
| 2023 | 3.75 % change on previous year | -84.3% |
Iceland compared with similar countries
- Iceland's 3.75 % change on previous year is below the median for high income countries, which is 4.06 % change on previous year, 92% of the median. (73 countries reporting)
- Iceland's 3.75 % change on previous year is below the median for Europe & Central Asia, which is 4.42 % change on previous year, 85% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +2311.0% | -2.74 % change on previous year | 60.65 % change on previous year |
| 2021 | +1422.3% | 1.53 % change on previous year | 23.24 % change on previous year |
| 1996 | +1139.2% | 0.6207 % change on previous year | 7.69 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42.17 % change on previous year | 12.64 % change on previous year | 65.17 % change on previous year | 9 |
| 1980s | 40.93 % change on previous year | 15.12 % change on previous year | 64.26 % change on previous year | 10 |
| 1990s | 4.5 % change on previous year | -5.2 % change on previous year | 11.75 % change on previous year | 10 |
| 2000s | 10.46 % change on previous year | -10.44 % change on previous year | 60.65 % change on previous year | 10 |
| 2010s | 4.01 % change on previous year | -7.76 % change on previous year | 21.99 % change on previous year | 10 |
| 2020s | 13.08 % change on previous year | 1.53 % change on previous year | 23.81 % change on previous year | 4 |
Countries ranked near Iceland
- 141 Fiji 3.89 % change on previous year compare
- 142 Chile 3.82 % change on previous year compare
- 143 Austria 3.81 % change on previous year compare
- 145 Colombia 3.62 % change on previous year compare
- 146 Andorra 3.61 % change on previous year compare
- 147 Greece 3.33 % change on previous year 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 3.75 % change on previous year 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 65.17 % change on previous year in 1979.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was -10.44 % change on previous year in 2005.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 144th out of 231 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 40.8%. The long-run trend across the full record is volatile.
- 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, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.