Industry value added — all countries

Industry value added — Iceland

Industry value added in Iceland in 2025 — 7,738,423,229 US$. Ranked 102 in the world out of 158. Since 1995, the indicator has risen by 344.6%.

2025 7.74B US$ +16.18% vs 2024
World rank 102of 158
Period maximum 7.74B US$2025
Period minimum 1.74B US$1995

Trend over time

1995–2025 · US$

Industry value added — Iceland, 1995–202502B4B6B8B199519982001200420072010201320162019202220251995: 1,740,450,923 US$1996: 1,760,419,113 US$1997: 1,954,793,207 US$1998: 2,084,027,196 US$1999: 2,037,705,906 US$2000: 2,061,250,483 US$2001: 2,011,853,495 US$2002: 2,060,723,705 US$2003: 2,428,499,642 US$2004: 2,974,438,901 US$2005: 3,495,917,036 US$2006: 3,864,380,165 US$2007: 4,334,892,233 US$2008: 4,130,003,764 US$2009: 2,560,776,442 US$2010: 3,046,402,891 US$2011: 3,398,554,357 US$2012: 3,121,677,517 US$2013: 3,334,242,476 US$2014: 3,738,921,125 US$2015: 3,527,423,514 US$2016: 4,147,290,371 US$2017: 4,856,136,273 US$2018: 5,338,515,991 US$2019: 4,806,299,715 US$2020: 4,415,372,423 US$2021: 5,329,704,132 US$2022: 6,090,167,518 US$2023: 6,259,344,061 US$2024: 6,660,601,400 US$2025: 7,738,423,229 US$
Change over the period: +6B (+344.62%) Average annual rate: 5.1 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 7.74B US$
World 29.57T US$
Northern Europe computed 1.49T US$
Industry value added — Iceland, by year Iceland All countries CSV XLSX
Year US$ Change Change, %
2025 7.74B +1.08B +16.18%
2024 6.66B +401M +6.41%
2023 6.26B +169M +2.78%
2022 6.09B +760M +14.27%
2021 5.33B +914M +20.71%
2020 4.42B −391M −8.13%
2019 4.81B −532M −9.97%
2018 5.34B +482M +9.93%
2017 4.86B +709M +17.09%
2016 4.15B +620M +17.57%
2015 3.53B −211M −5.66%
2014 3.74B +405M +12.14%
2013 3.33B +213M +6.81%
2012 3.12B −277M −8.15%
2011 3.4B +352M +11.56%
2010 3.05B +486M +18.96%
2009 2.56B −1.57B −38%
2008 4.13B −205M −4.73%
2007 4.33B +471M +12.18%
2006 3.86B +368M +10.54%
2005 3.5B +521M +17.53%
2004 2.97B +546M +22.48%
2003 2.43B +368M +17.85%
2002 2.06B +48.87M +2.43%
2001 2.01B −49.4M −2.4%
2000 2.06B +23.54M +1.16%
1999 2.04B −46.32M −2.22%
1998 2.08B +129M +6.61%
1997 1.95B +194M +11.04%
1996 1.76B +19.97M +1.15%
1995 1.74B

About the indicator

Industrial value added in current US dollars. In the international classification industry means mining, manufacturing, electricity, water supply and construction — that is, broader than the word usually implies. Value added is output minus intermediate consumption, which is why the output of sectors cannot be summed while value added can: the sum over all sectors is GDP.

Important: It includes construction and mining, so a high share in commodity countries does not come from factories. For factories proper there is a separate indicator, manufacturing.

Source: World Development Indicators (World Bank), license CC BY 4.0.