Services, value added in Iceland
Iceland: Services, value added was 25.55 billion current US$ in 2025. ◆ Volatile
Services, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Iceland stood at 25.55 billion current US$. That is the highest value across all 31 years on record.
That represents a change of up 17.8% on the previous year and up 123.7% over ten years.
Over the whole period, services, value added in Iceland peaked at 25.55 billion current US$ in 2025 and was at its lowest, 4.00 billion current US$, in 1995.
That places Iceland 98th out of 205 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.43 billion current US$ | 4.00 billion current US$ | 5.10 billion current US$ | 5 |
| 2000s | 8.54 billion current US$ | 4.75 billion current US$ | 13.76 billion current US$ | 10 |
| 2010s | 12.47 billion current US$ | 8.63 billion current US$ | 17.35 billion current US$ | 10 |
| 2020s | 19.74 billion current US$ | 14.40 billion current US$ | 25.55 billion current US$ | 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 services, value added in Iceland?
- Services, value added in Iceland was 25.55 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Iceland?
- The highest recorded value was 25.55 billion current US$ in 2025.
- What is the lowest services, value added recorded in Iceland?
- The lowest recorded value was 4.00 billion current US$ in 1995.
- How does Iceland rank for services, value added?
- Iceland ranks 98th out of 205 countries with data for 2025.
- Is services, value added rising or falling in Iceland?
- Over the last ten years it is up 123.7%. 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 Services, value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.