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Iceland Industry Value Added

Industry (including construction) value added as % of GDP  NV.IND.TOTL.ZS

20.12% +0.03% (+0.1%)
Year 2025 Rank #126 Global Peak 25.31% (1997) Source World Bank

Iceland Industry Value Added (1995–2025)

Overview

Iceland's industry value added stood at 20.12% in 2025, a rise of +0.03% from 2024. Based on recent trends, this figure is projected to reach 20.12% by 2025. Iceland ranked 126th globally.

Data & projection

Year Industry Value Added YoY change Rank
2027* trend 19.82% - -
2026* trend 19.97% - -
2025* trend 20.12% - -
2025 20.12% +0.03% #126
2024 20.09% +0.08% #56
2023 20.02% −1.43% #63
2022 21.45% +0.61% #80
2021 20.85% +0.42% #79
2020 20.42% +0.85% #77
2019 19.57% −0.16% #71
2018 19.73% +0.26% #75
2017 19.47% −0.04% #72
2016 19.51% −0.44% #74
2015 19.95% −0.69% #75
2014 20.64% −0.25% #79
2013 20.89% −0.06% #78
2012 20.95% −1.28% #75
2011 22.23% +0.37% #84
Show all years (1995-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +43.3% GDP growth 6.2% C/A balance 9.1%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw industry value added improve within 24 months. View full analysis →

Frequently Asked Questions

What is Iceland's industry value added?

Iceland's industry value added was 20.12% in 2025. Ranked 126th globally. This represents a 0.1% increase from the previous year.

What was the highest industry value added in Iceland?

Iceland's industry value added peaked at 25.31% in 1997.

What was the lowest industry value added in Iceland?

The lowest industry value added in Iceland was 19.39% in 2009.

How does Iceland rank in industry value added?

Iceland ranks 126th globally in industry value added as of 2025.

What is the World Bank indicator code for industry value added?

The World Bank indicator code is NV.IND.TOTL.ZS. Data sourced from World Bank.

What is the projected industry value added of Iceland in 2025?

Iceland's industry value added is projected to reach 20.12% by 2025 based on trend extrapolation.

What is the industry value added of Iceland in 2025?

The industry value added of Iceland in 2025 was 20.12%. This ranks 126th in the world.

Cite this page

APA
Iceland Industry Value Added. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/iceland/industry-value-added
BibTeX
@misc{historysaid_iceland_industry-value-added, title = {Iceland Industry Value Added}, url = {https://historysaid.com/iceland/industry-value-added}, publisher = {HistorySaid}, year = {2026} }