Manufacturing, value added in Iceland
Iceland: Manufacturing, value added was 8.5% in 2025. ▼ Falling
Manufacturing, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Iceland recorded 8.5% for manufacturing, value added in 2025.
The figure is down 2.7% on the previous year and down 20.3% over ten years.
Over the whole period, manufacturing, value added in Iceland peaked at 14.0% in 1997 and was at its lowest, 7.7%, in 2007.
Iceland ranks 118th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.1% | 11.7% | 14.0% | 5 |
| 2000s | 10.4% | 7.7% | 13.2% | 10 |
| 2010s | 10.6% | 8.4% | 13.0% | 10 |
| 2020s | 9.1% | 8.5% | 9.9% | 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 manufacturing, value added in Iceland?
- Manufacturing, value added in Iceland was 8.5% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Iceland?
- The highest recorded value was 14.0% in 1997.
- What is the lowest manufacturing, value added recorded in Iceland?
- The lowest recorded value was 7.7% in 2007.
- How does Iceland rank for manufacturing, value added?
- Iceland ranks 118th out of 204 countries with data for 2025.
- Is manufacturing, value added rising or falling in Iceland?
- Over the last ten years it is down 20.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.