Value Added (Total Manufacturing) — Value Standard Local Currency in Iceland
Iceland: Value Added (Total Manufacturing) — Value Standard Local Currency was 412,694 million SLC in 2023. ◆ Volatile
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
The most recent figure for value added (total manufacturing) — value standard local currency in Iceland is 412,694 million SLC, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 3.7% on the previous year and up 80.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Iceland peaked at 412,694 million SLC in 2023 and was at its lowest, 78.55 million SLC, in 1970.
That places Iceland 81st out of 231 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 | Change |
|---|---|---|
| 1970 | 78.55 million SLC | — |
| 1971 | 96.17 million SLC | +22.4% |
| 1972 | 118.29 million SLC | +23.0% |
| 1973 | 193.29 million SLC | +63.4% |
| 1974 | 217.72 million SLC | +12.6% |
| 1975 | 322.91 million SLC | +48.3% |
| 1976 | 499.9 million SLC | +54.8% |
| 1977 | 723.36 million SLC | +44.7% |
| 1978 | 1,050 million SLC | +45.1% |
| 1979 | 1,734 million SLC | +65.2% |
| 1980 | 2,765 million SLC | +59.5% |
| 1981 | 4,240 million SLC | +53.3% |
| 1982 | 6,329 million SLC | +49.3% |
| 1983 | 10,396 million SLC | +64.3% |
| 1984 | 15,027 million SLC | +44.5% |
| 1985 | 19,762 million SLC | +31.5% |
| 1986 | 27,624 million SLC | +39.8% |
| 1987 | 37,562 million SLC | +36.0% |
| 1988 | 43,241 million SLC | +15.1% |
| 1989 | 50,180 million SLC | +16.0% |
| 1990 | 54,585 million SLC | +8.8% |
| 1991 | 59,193 million SLC | +8.4% |
| 1992 | 56,993 million SLC | -3.7% |
| 1993 | 58,134 million SLC | +2.0% |
| 1994 | 64,963 million SLC | +11.7% |
| 1995 | 65,366 million SLC | +0.6% |
| 1996 | 70,394 million SLC | +7.7% |
| 1997 | 75,640 million SLC | +7.5% |
| 1998 | 81,085 million SLC | +7.2% |
| 1999 | 76,870 million SLC | -5.2% |
| 2000 | 81,935 million SLC | +6.6% |
| 2001 | 107,108 million SLC | +30.7% |
| 2002 | 99,100 million SLC | -7.5% |
| 2003 | 96,057 million SLC | -3.1% |
| 2004 | 101,218 million SLC | +5.4% |
| 2005 | 90,651 million SLC | -10.4% |
| 2006 | 110,347 million SLC | +21.7% |
| 2007 | 107,320 million SLC | -2.7% |
| 2008 | 172,412 million SLC | +60.7% |
| 2009 | 177,966 million SLC | +3.2% |
| 2010 | 217,109 million SLC | +22.0% |
| 2011 | 233,179 million SLC | +7.4% |
| 2012 | 215,078 million SLC | -7.8% |
| 2013 | 228,706 million SLC | +6.3% |
| 2014 | 237,831 million SLC | +4.0% |
| 2015 | 248,020 million SLC | +4.3% |
| 2016 | 233,050 million SLC | -6.0% |
| 2017 | 234,285 million SLC | +0.5% |
| 2018 | 242,216 million SLC | +3.4% |
| 2019 | 256,782 million SLC | +6.0% |
| 2020 | 260,702 million SLC | +1.5% |
| 2021 | 321,289 million SLC | +23.2% |
| 2022 | 397,782 million SLC | +23.8% |
| 2023 | 412,694 million SLC | +3.7% |
Iceland compared with similar countries
- Iceland's 412,694 million SLC is above the median for high income countries, which is 31,737 million SLC, 13.0× the median. (73 countries reporting)
- Iceland's 412,694 million SLC is above the median for Europe & Central Asia, which is 71,112 million SLC, 5.8× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 503.34 million SLC | 78.55 million SLC | 1,734 million SLC | 10 |
| 1980s | 21,712 million SLC | 2,765 million SLC | 50,180 million SLC | 10 |
| 1990s | 66,322 million SLC | 54,585 million SLC | 81,085 million SLC | 10 |
| 2000s | 114,411 million SLC | 81,935 million SLC | 177,966 million SLC | 10 |
| 2010s | 234,626 million SLC | 215,078 million SLC | 256,782 million SLC | 10 |
| 2020s | 348,117 million SLC | 260,702 million SLC | 412,694 million SLC | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % 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 412,694 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 412,694 million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Iceland?
- The lowest recorded value was 78.55 million SLC in 1970.
- How does Iceland rank for value added (total manufacturing) — value standard local currency?
- Iceland ranks 81st 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 up 80.4%. The long-run trend across the full record is volatile.
- 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. 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).