Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 4.09 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
4.09 million SLC per square kilometre
Change on year
up 3.7%
World rank
63rd
of 194 countries
All-time high
4.09 million SLC per square kilometre
in 2023
All-time low
0.0008 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
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 4.09 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.
That represents a change of up 3.7% on the previous year and up 79.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 4.09 million SLC per square kilometre in 2023 and was at its lowest, 0.0008 million SLC per square kilometre, in 1970.
That places Iceland 63rd out of 194 countries with data for 2023, putting it 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 | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 0.0008 million SLC per square kilometre | — |
| 1971 | 0.001 million SLC per square kilometre | +22.4% |
| 1972 | 0.0012 million SLC per square kilometre | +23.0% |
| 1973 | 0.0019 million SLC per square kilometre | +63.4% |
| 1974 | 0.0022 million SLC per square kilometre | +12.6% |
| 1975 | 0.0032 million SLC per square kilometre | +48.3% |
| 1976 | 0.005 million SLC per square kilometre | +54.8% |
| 1977 | 0.0072 million SLC per square kilometre | +44.7% |
| 1978 | 0.0105 million SLC per square kilometre | +45.1% |
| 1979 | 0.0173 million SLC per square kilometre | +65.2% |
| 1980 | 0.0276 million SLC per square kilometre | +59.5% |
| 1981 | 0.0423 million SLC per square kilometre | +53.3% |
| 1982 | 0.0631 million SLC per square kilometre | +49.3% |
| 1983 | 0.1037 million SLC per square kilometre | +64.3% |
| 1984 | 0.1499 million SLC per square kilometre | +44.5% |
| 1985 | 0.1971 million SLC per square kilometre | +31.5% |
| 1986 | 0.2755 million SLC per square kilometre | +39.8% |
| 1987 | 0.3747 million SLC per square kilometre | +36.0% |
| 1988 | 0.4313 million SLC per square kilometre | +15.1% |
| 1989 | 0.5005 million SLC per square kilometre | +16.0% |
| 1990 | 0.5445 million SLC per square kilometre | +8.8% |
| 1991 | 0.5905 million SLC per square kilometre | +8.4% |
| 1992 | 0.5685 million SLC per square kilometre | -3.7% |
| 1993 | 0.5799 million SLC per square kilometre | +2.0% |
| 1994 | 0.648 million SLC per square kilometre | +11.7% |
| 1995 | 0.652 million SLC per square kilometre | +0.6% |
| 1996 | 0.7022 million SLC per square kilometre | +7.7% |
| 1997 | 0.7545 million SLC per square kilometre | +7.5% |
| 1998 | 0.8088 million SLC per square kilometre | +7.2% |
| 1999 | 0.7668 million SLC per square kilometre | -5.2% |
| 2000 | 0.8173 million SLC per square kilometre | +6.6% |
| 2001 | 1.07 million SLC per square kilometre | +30.7% |
| 2002 | 0.9885 million SLC per square kilometre | -7.5% |
| 2003 | 0.9582 million SLC per square kilometre | -3.1% |
| 2004 | 1.01 million SLC per square kilometre | +5.4% |
| 2005 | 0.9043 million SLC per square kilometre | -10.4% |
| 2006 | 1.1 million SLC per square kilometre | +21.7% |
| 2007 | 1.07 million SLC per square kilometre | -2.7% |
| 2008 | 1.72 million SLC per square kilometre | +60.7% |
| 2009 | 1.78 million SLC per square kilometre | +3.2% |
| 2010 | 2.17 million SLC per square kilometre | +22.0% |
| 2011 | 2.33 million SLC per square kilometre | +7.4% |
| 2012 | 2.15 million SLC per square kilometre | -7.8% |
| 2013 | 2.28 million SLC per square kilometre | +6.3% |
| 2014 | 2.37 million SLC per square kilometre | +4.0% |
| 2015 | 2.47 million SLC per square kilometre | +4.3% |
| 2016 | 2.32 million SLC per square kilometre | -6.0% |
| 2017 | 2.34 million SLC per square kilometre | +0.5% |
| 2018 | 2.4 million SLC per square kilometre | +2.8% |
| 2019 | 2.55 million SLC per square kilometre | +6.0% |
| 2020 | 2.59 million SLC per square kilometre | +1.5% |
| 2021 | 3.19 million SLC per square kilometre | +23.2% |
| 2022 | 3.95 million SLC per square kilometre | +23.8% |
| 2023 | 4.09 million SLC per square kilometre | +3.7% |
Iceland compared with similar countries
- Iceland's 4.09 million SLC per square kilometre is above the median for high income countries, which is 0.9102 million SLC per square kilometre, 4.5× the median. (73 countries reporting)
- Iceland's 4.09 million SLC per square kilometre is above the median for Europe & Central Asia, which is 0.8961 million SLC per square kilometre, 4.6× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.005 million SLC per square kilometre | 0.0008 million SLC per square kilometre | 0.0173 million SLC per square kilometre | 10 |
| 1980s | 0.2166 million SLC per square kilometre | 0.0276 million SLC per square kilometre | 0.5005 million SLC per square kilometre | 10 |
| 1990s | 0.6616 million SLC per square kilometre | 0.5445 million SLC per square kilometre | 0.8088 million SLC per square kilometre | 10 |
| 2000s | 1.14 million SLC per square kilometre | 0.8173 million SLC per square kilometre | 1.78 million SLC per square kilometre | 10 |
| 2010s | 2.34 million SLC per square kilometre | 2.15 million SLC per square kilometre | 2.55 million SLC per square kilometre | 10 |
| 2020s | 3.45 million SLC per square kilometre | 2.59 million SLC per square kilometre | 4.09 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 60 Burkina Faso 4.82 million SLC per square kilometre compare
- 61 Trinidad and Tobago 4.78 million SLC per square kilometre compare
- 62 North Macedonia 4.13 million SLC per square kilometre compare
- 64 Bahrain 4 million SLC per square kilometre compare
- 65 Angola 3.98 million SLC per square kilometre compare
- 66 Malta 3.97 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 4.09 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 4.09 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 0.0008 million SLC per square kilometre in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 63rd 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 79.4%. 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 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 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 ÷ 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 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.