Iceland vs Luxembourg: Manufacturing, value added
Manufacturing, value added over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 3.77 billion current US$ against 3.29 billion current US$ in Iceland, a difference of 475.32 million current US$.
That makes Luxembourg's figure about 1.1 times Iceland's.
Across all 31 years both countries report, Luxembourg has been ahead every year.
Globally, Iceland ranks 105th and Luxembourg ranks 103rd 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 indicator is expressed in United States dollars.