Australia vs Iceland: Industry (including construction), value added
Industry (including construction), value added over time
- Australia
- Iceland
How they compare
Iceland currently reports 688.53 billion constant LCU against 680.23 billion constant LCU in Australia, a difference of 8.30 billion constant LCU.
The two have swapped places 5 times across 31 shared years of data; in 1995 it was Australia ahead.
Globally, Australia ranks 68th and Iceland ranks 66th of 199 countries.
Individual pages
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.