Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Iceland
Iceland: Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) was 2,054 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$, 2015 prices in Iceland is 2,054 million USD, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 0.2% on the previous year and up 17.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Iceland peaked at 2,054 million USD in 2023 and was at its lowest, 514.35 million USD, in 1970.
That places Iceland 127th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices (2015) in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 514.35 million USD | — |
| 1971 | 577.45 million USD | +12.3% |
| 1972 | 608.37 million USD | +5.4% |
| 1973 | 673.82 million USD | +10.8% |
| 1974 | 677.55 million USD | +0.6% |
| 1975 | 675.06 million USD | -0.4% |
| 1976 | 748.96 million USD | +10.9% |
| 1977 | 850.68 million USD | +13.6% |
| 1978 | 864.38 million USD | +1.6% |
| 1979 | 924.99 million USD | +7.0% |
| 1980 | 1,001 million USD | +8.2% |
| 1981 | 1,034 million USD | +3.3% |
| 1982 | 995.15 million USD | -3.7% |
| 1983 | 932.47 million USD | -6.3% |
| 1984 | 999.24 million USD | +7.2% |
| 1985 | 1,012 million USD | +1.3% |
| 1986 | 1,064 million USD | +5.1% |
| 1987 | 1,151 million USD | +8.2% |
| 1988 | 1,072 million USD | -6.8% |
| 1989 | 1,034 million USD | -3.6% |
| 1990 | 1,005 million USD | -2.7% |
| 1991 | 1,022 million USD | +1.7% |
| 1992 | 991.88 million USD | -3.0% |
| 1993 | 969.42 million USD | -2.3% |
| 1994 | 998.98 million USD | +3.0% |
| 1995 | 1,008 million USD | +0.9% |
| 1996 | 1,094 million USD | +8.5% |
| 1997 | 1,145 million USD | +4.7% |
| 1998 | 1,174 million USD | +2.5% |
| 1999 | 1,199 million USD | +2.2% |
| 2000 | 1,218 million USD | +1.6% |
| 2001 | 1,291 million USD | +6.0% |
| 2002 | 1,262 million USD | -2.2% |
| 2003 | 1,275 million USD | +1.0% |
| 2004 | 1,347 million USD | +5.7% |
| 2005 | 1,292 million USD | -4.1% |
| 2006 | 1,334 million USD | +3.2% |
| 2007 | 1,387 million USD | +4.0% |
| 2008 | 1,492 million USD | +7.5% |
| 2009 | 1,444 million USD | -3.2% |
| 2010 | 1,478 million USD | +2.3% |
| 2011 | 1,593 million USD | +7.8% |
| 2012 | 1,645 million USD | +3.3% |
| 2013 | 1,749 million USD | +6.3% |
| 2014 | 1,790 million USD | +2.3% |
| 2015 | 1,880 million USD | +5.0% |
| 2016 | 1,858 million USD | -1.2% |
| 2017 | 1,882 million USD | +1.3% |
| 2018 | 1,971 million USD | +4.7% |
| 2019 | 1,936 million USD | -1.8% |
| 2020 | 1,797 million USD | -7.2% |
| 2021 | 1,957 million USD | +8.9% |
| 2022 | 2,049 million USD | +4.7% |
| 2023 | 2,054 million USD | +0.2% |
Iceland compared with similar countries
- Iceland's 2,054 million USD is below the median for high income countries, which is 9,626 million USD, 21% of the median. (73 countries reporting)
- Iceland's 2,054 million USD is below the median for Europe & Central Asia, which is 12,800 million USD, 16% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 711.56 million USD | 514.35 million USD | 924.99 million USD | 10 |
| 1980s | 1,029 million USD | 932.47 million USD | 1,151 million USD | 10 |
| 1990s | 1,061 million USD | 969.42 million USD | 1,199 million USD | 10 |
| 2000s | 1,334 million USD | 1,218 million USD | 1,492 million USD | 10 |
| 2010s | 1,778 million USD | 1,478 million USD | 1,971 million USD | 10 |
| 2020s | 1,964 million USD | 1,797 million USD | 2,054 million USD | 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 us$, 2015 prices in Iceland?
- Value added (total manufacturing) — value us$, 2015 prices in Iceland was 2,054 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Iceland?
- The highest recorded value was 2,054 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Iceland?
- The lowest recorded value was 514.35 million USD in 1970.
- How does Iceland rank for value added (total manufacturing) — value us$, 2015 prices?
- Iceland ranks 127th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices 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 US$, 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).