Iceland - Industry, value added (constant LCU)
The value for Industry, value added (constant LCU) in Iceland was 516,100,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 550,004,000,000 in 2019 and a minimum value of 266,549,000,000 in 1995.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1995 | 266,549,000,000 |
| 1996 | 284,354,000,000 |
| 1997 | 301,419,000,000 |
| 1998 | 313,309,000,000 |
| 1999 | 323,914,000,000 |
| 2000 | 347,961,000,000 |
| 2001 | 359,290,000,000 |
| 2002 | 347,884,000,000 |
| 2003 | 353,850,000,000 |
| 2004 | 391,892,000,000 |
| 2005 | 416,670,000,000 |
| 2006 | 448,890,000,000 |
| 2007 | 466,380,000,000 |
| 2008 | 464,478,000,000 |
| 2009 | 389,455,000,000 |
| 2010 | 380,202,000,000 |
| 2011 | 390,389,000,000 |
| 2012 | 402,308,000,000 |
| 2013 | 428,849,000,000 |
| 2014 | 446,367,000,000 |
| 2015 | 467,637,000,000 |
| 2016 | 493,488,000,000 |
| 2017 | 516,509,000,000 |
| 2018 | 537,495,000,000 |
| 2019 | 550,004,000,000 |
| 2020 | 516,100,000,000 |
Base Period: varies by country
Periodicity: Annual
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
