Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 1.07 million SLC per person in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Iceland recorded 1.07 million SLC per person 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 2.8% on the previous year and up 51.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 1.07 million SLC per person in 2023 and was at its lowest, 0.0004 million SLC per person, in 1970.
That places Iceland 14th out of 194 countries with data for 2023, putting it in the top 10%.
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 | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0004 million SLC per person | — |
| 1971 | 0.0005 million SLC per person | +21.4% |
| 1972 | 0.0006 million SLC per person | +21.2% |
| 1973 | 0.0009 million SLC per person | +61.0% |
| 1974 | 0.001 million SLC per person | +11.1% |
| 1975 | 0.0015 million SLC per person | +46.4% |
| 1976 | 0.0023 million SLC per person | +53.3% |
| 1977 | 0.0033 million SLC per person | +43.6% |
| 1978 | 0.0047 million SLC per person | +44.0% |
| 1979 | 0.0077 million SLC per person | +63.6% |
| 1980 | 0.0121 million SLC per person | +57.8% |
| 1981 | 0.0184 million SLC per person | +51.6% |
| 1982 | 0.0271 million SLC per person | +47.3% |
| 1983 | 0.0439 million SLC per person | +62.1% |
| 1984 | 0.0627 million SLC per person | +43.0% |
| 1985 | 0.0819 million SLC per person | +30.5% |
| 1986 | 0.1136 million SLC per person | +38.8% |
| 1987 | 0.1528 million SLC per person | +34.5% |
| 1988 | 0.1731 million SLC per person | +13.3% |
| 1989 | 0.1985 million SLC per person | +14.6% |
| 1990 | 0.2142 million SLC per person | +7.9% |
| 1991 | 0.2296 million SLC per person | +7.2% |
| 1992 | 0.2183 million SLC per person | -4.9% |
| 1993 | 0.2204 million SLC per person | +1.0% |
| 1994 | 0.2442 million SLC per person | +10.8% |
| 1995 | 0.2444 million SLC per person | +0.1% |
| 1996 | 0.2618 million SLC per person | +7.1% |
| 1997 | 0.279 million SLC per person | +6.6% |
| 1998 | 0.2959 million SLC per person | +6.1% |
| 1999 | 0.2771 million SLC per person | -6.3% |
| 2000 | 0.2914 million SLC per person | +5.1% |
| 2001 | 0.3759 million SLC per person | +29.0% |
| 2002 | 0.3447 million SLC per person | -8.3% |
| 2003 | 0.3318 million SLC per person | -3.7% |
| 2004 | 0.3465 million SLC per person | +4.5% |
| 2005 | 0.3055 million SLC per person | -11.8% |
| 2006 | 0.3632 million SLC per person | +18.9% |
| 2007 | 0.3445 million SLC per person | -5.2% |
| 2008 | 0.5432 million SLC per person | +57.7% |
| 2009 | 0.5588 million SLC per person | +2.9% |
| 2010 | 0.6826 million SLC per person | +22.2% |
| 2011 | 0.7309 million SLC per person | +7.1% |
| 2012 | 0.6706 million SLC per person | -8.3% |
| 2013 | 0.7064 million SLC per person | +5.3% |
| 2014 | 0.7265 million SLC per person | +2.8% |
| 2015 | 0.7497 million SLC per person | +3.2% |
| 2016 | 0.6948 million SLC per person | -7.3% |
| 2017 | 0.6823 million SLC per person | -1.8% |
| 2018 | 0.6867 million SLC per person | +0.7% |
| 2019 | 0.7122 million SLC per person | +3.7% |
| 2020 | 0.7114 million SLC per person | -0.1% |
| 2021 | 0.8625 million SLC per person | +21.2% |
| 2022 | 1.04 million SLC per person | +20.7% |
| 2023 | 1.07 million SLC per person | +2.8% |
Iceland compared with similar countries
- Iceland's 1.07 million SLC per person is above the median for high income countries, which is 0.0067 million SLC per person, 160.8× the median. (73 countries reporting)
- Iceland's 1.07 million SLC per person is above the median for Europe & Central Asia, which is 0.0084 million SLC per person, 127.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0023 million SLC per person | 0.0004 million SLC per person | 0.0077 million SLC per person | 10 |
| 1980s | 0.0884 million SLC per person | 0.0121 million SLC per person | 0.1985 million SLC per person | 10 |
| 1990s | 0.2485 million SLC per person | 0.2142 million SLC per person | 0.2959 million SLC per person | 10 |
| 2000s | 0.3805 million SLC per person | 0.2914 million SLC per person | 0.5588 million SLC per person | 10 |
| 2010s | 0.7043 million SLC per person | 0.6706 million SLC per person | 0.7497 million SLC per person | 10 |
| 2020s | 0.9213 million SLC per person | 0.7114 million SLC per person | 1.07 million SLC per person | 4 |
Countries ranked near Iceland
- 11 Hungary 1.35 million SLC per person compare
- 12 Chile 1.32 million SLC per person compare
- 13 Costa Rica 1.26 million SLC per person compare
- 15 Japan 0.9509 million SLC per person compare
- 16 Equatorial Guinea 0.9297 million SLC per person compare
- 17 Kazakhstan 0.7154 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 1.07 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 1.07 million SLC per person in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 0.0004 million SLC per person in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 14th 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 51.5%. 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, 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 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 ÷ 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.