Industry (including construction), value added in Iceland
Iceland: Industry (including construction), value added was 993.93 billion current LCU in 2025. ◆ Volatile
Industry (including construction), value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, industry (including construction), value added in Iceland stood at 993.93 billion current LCU. That is the highest value across all 31 years on record.
That represents a change of up 8.2% on the previous year and up 113.6% over ten years.
Over the whole period, industry (including construction), value added in Iceland peaked at 993.93 billion current LCU in 2025 and was at its lowest, 112.59 billion current LCU, in 1995.
That places Iceland 74th out of 208 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 132.71 billion current LCU | 112.59 billion current LCU | 147.88 billion current LCU | 5 |
| 2000s | 239.09 billion current LCU | 162.05 billion current LCU | 363.23 billion current LCU | 10 |
| 2010s | 465.36 billion current LCU | 372.40 billion current LCU | 589.28 billion current LCU | 10 |
| 2020s | 812.48 billion current LCU | 597.94 billion current LCU | 993.93 billion current LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is industry (including construction), value added in Iceland?
- Industry (including construction), value added in Iceland was 993.93 billion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Iceland?
- The highest recorded value was 993.93 billion current LCU in 2025.
- What is the lowest industry (including construction), value added recorded in Iceland?
- The lowest recorded value was 112.59 billion current LCU in 1995.
- How does Iceland rank for industry (including construction), value added?
- Iceland ranks 74th out of 208 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Iceland?
- Over the last ten years it is up 113.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.