Value Added (Total Manufacturing) — Value US$ in Iceland
Iceland: Value Added (Total Manufacturing) — Value US$ was 2,992 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ 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$ in Iceland is 2,992 million USD, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 59.8% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Iceland peaked at 2,992 million USD in 2023 and was at its lowest, 89.26 million USD, in 1970.
That places Iceland 121st out of 236 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 US$ in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 89.26 million USD | — |
| 1971 | 109.28 million USD | +22.4% |
| 1972 | 134.02 million USD | +22.6% |
| 1973 | 214.44 million USD | +60.0% |
| 1974 | 217.82 million USD | +1.6% |
| 1975 | 210.1 million USD | -3.5% |
| 1976 | 274.41 million USD | +30.6% |
| 1977 | 363.73 million USD | +32.5% |
| 1978 | 387.14 million USD | +6.4% |
| 1979 | 491.66 million USD | +27.0% |
| 1980 | 576.32 million USD | +17.2% |
| 1981 | 586.91 million USD | +1.8% |
| 1982 | 512.41 million USD | -12.7% |
| 1983 | 418.48 million USD | -18.3% |
| 1984 | 474.12 million USD | +13.3% |
| 1985 | 476.11 million USD | +0.4% |
| 1986 | 672.04 million USD | +41.2% |
| 1987 | 971.16 million USD | +44.5% |
| 1988 | 1,005 million USD | +3.5% |
| 1989 | 879.7 million USD | -12.5% |
| 1990 | 936.54 million USD | +6.5% |
| 1991 | 1,003 million USD | +7.1% |
| 1992 | 990.4 million USD | -1.3% |
| 1993 | 859.93 million USD | -13.2% |
| 1994 | 928.78 million USD | +8.0% |
| 1995 | 1,010 million USD | +8.8% |
| 1996 | 1,059 million USD | +4.8% |
| 1997 | 1,067 million USD | +0.8% |
| 1998 | 1,143 million USD | +7.1% |
| 1999 | 1,063 million USD | -7.0% |
| 2000 | 1,042 million USD | -1.9% |
| 2001 | 1,099 million USD | +5.5% |
| 2002 | 1,081 million USD | -1.7% |
| 2003 | 1,252 million USD | +15.8% |
| 2004 | 1,442 million USD | +15.2% |
| 2005 | 1,439 million USD | -0.2% |
| 2006 | 1,572 million USD | +9.2% |
| 2007 | 1,675 million USD | +6.6% |
| 2008 | 1,960 million USD | +17.0% |
| 2009 | 1,439 million USD | -26.6% |
| 2010 | 1,776 million USD | +23.4% |
| 2011 | 2,011 million USD | +13.2% |
| 2012 | 1,719 million USD | -14.5% |
| 2013 | 1,872 million USD | +8.9% |
| 2014 | 2,037 million USD | +8.8% |
| 2015 | 1,880 million USD | -7.7% |
| 2016 | 1,929 million USD | +2.6% |
| 2017 | 2,193 million USD | +13.7% |
| 2018 | 2,237 million USD | +2.0% |
| 2019 | 2,094 million USD | -6.4% |
| 2020 | 1,925 million USD | -8.1% |
| 2021 | 2,530 million USD | +31.4% |
| 2022 | 2,940 million USD | +16.2% |
| 2023 | 2,992 million USD | +1.7% |
Iceland compared with similar countries
- Iceland's 2,992 million USD is below the median for high income countries, which is 11,780 million USD, 25% of the median. (73 countries reporting)
- Iceland's 2,992 million USD is below the median for Europe & Central Asia, which is 15,638 million USD, 19% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 249.19 million USD | 89.26 million USD | 491.66 million USD | 10 |
| 1980s | 657.25 million USD | 418.48 million USD | 1,005 million USD | 10 |
| 1990s | 1,006 million USD | 859.93 million USD | 1,143 million USD | 10 |
| 2000s | 1,400 million USD | 1,042 million USD | 1,960 million USD | 10 |
| 2010s | 1,975 million USD | 1,719 million USD | 2,237 million USD | 10 |
| 2020s | 2,597 million USD | 1,925 million USD | 2,992 million USD | 4 |
Countries ranked near Iceland
- 118 Mali 3,124 million USD compare
- 119 Sudan 3,050 million USD compare
- 120 Luxembourg 3,028 million USD compare
- 122 Equatorial Guinea 2,832 million USD compare
- 123 Liechtenstein 2,818 million USD compare
- 124 Brunei Darussalam 2,817 million USD compare
- 124 Brunei 2,817 million USD 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Iceland?
- Value added (total manufacturing) — value us$ in Iceland was 2,992 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Iceland?
- The highest recorded value was 2,992 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Iceland?
- The lowest recorded value was 89.26 million USD in 1970.
- How does Iceland rank for value added (total manufacturing) — value us$?
- Iceland ranks 121st out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Iceland?
- Over the last ten years it is up 59.8%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).