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Manufacturing share of GDP — all countries

Manufacturing share of GDP — Iceland

Manufacturing share of GDP in Iceland in 2025 — 8.5%. Ranked 89 in the world out of 132. Since 1995, the indicator has fallen by 4.8 pp.

2025 8.5% −0.2 pp vs 2024
World rank 89of 132
Period maximum 14%1997
Period minimum 7.7%2007

Trend over time

1995–2025 · % of GDP

Manufacturing share of GDP — Iceland, 1995–202568101214199519982001200420072010201320162019202220251995: 13.3%1996: 13.2%1997: 14%1998: 13.2%1999: 11.7%2000: 11.4%2001: 13.2%2002: 11.4%2003: 10.8%2004: 10.3%2005: 8.5%2006: 9%2007: 7.7%2008: 10.8%2009: 10.8%2010: 12.9%2011: 13%2012: 11.6%2013: 11.1%2014: 11.4%2015: 10.7%2016: 9.5%2017: 8.8%2018: 9%2019: 8.4%2020: 8.8%2021: 9.9%2022: 9.9%2023: 8.5%2024: 8.8%2025: 8.5%
Change over the period: −4.8 pp Annual average: -0.16 pp

Comparison, 2025

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

Iceland 8.5%
World 14.9%
Europe & Central Asia 13.5%
Northern Europe computed 11.9%
Manufacturing share of GDP — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 8.5 −0.2 pp
2024 8.8 +0.3 pp
2023 8.5 −1.4 pp
2022 9.9 −0 pp
2021 9.9 +1.1 pp
2020 8.8 +0.5 pp
2019 8.4 −0.6 pp
2018 9 +0.3 pp
2017 8.8 −0.7 pp
2016 9.5 −1.2 pp
2015 10.7 −0.7 pp
2014 11.4 +0.3 pp
2013 11.1 −0.5 pp
2012 11.6 −1.4 pp
2011 13 +0.1 pp
2010 12.9 +2.1 pp
2009 10.8 +0 pp
2008 10.8 +3.1 pp
2007 7.7 −1.2 pp
2006 9 +0.4 pp
2005 8.5 −1.8 pp
2004 10.3 −0.5 pp
2003 10.8 −0.6 pp
2002 11.4 −1.8 pp
2001 13.2 +1.8 pp
2000 11.4 −0.3 pp
1999 11.7 −1.6 pp
1998 13.2 −0.7 pp
1997 14 +0.8 pp
1996 13.2 −0.1 pp
1995 13.3 —

Northern Europe, 2025

The same indicator for neighboring countries — with links to their pages

IE Ireland 33.9 DK Denmark 18.7 FI Finland 14.2 LT Lithuania 13.1 SE Sweden 12.5 EE Estonia 10.8 LV Latvia 10 IS Iceland 8.5 GB United Kingdom 7.7 NO Norway 6.1
Full table for all countries

About the indicator

The share of manufacturing value added in GDP. This is the cleanest indicator of an industrial base: unlike the share of industry as a whole it excludes mining and construction. A rising share usually accompanies industrialization, while its decline in advanced countries marks the shift to a service economy.

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

Other indicators for Iceland

Economy Manufacturing value added

How much a country's factories create — without mining, construction or utilities.

Iceland by year Economy Industry share of GDP

The contribution of industry and construction to the value added of the economy.

Iceland by year Trade High-technology exports (% of manufactured exports)

What part of manufactured exports consists of high-technology products.

Iceland by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Iceland by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Iceland by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Iceland by year
All indicators for Iceland