Iceland vs Italy: Manufacturing, value added
Manufacturing, value added over time
- Iceland
- Italy
How they compare
Iceland currently reports 422.68 billion current LCU against 338.74 billion current LCU in Italy, a difference of 83.94 billion current LCU.
That makes Iceland's figure about 1.2 times Italy's.
The two have swapped places 3 times across 31 shared years of data; in 1995 it was Italy ahead.
Globally, Iceland ranks 71st and Italy ranks 73rd of 204 countries.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.