Iceland - Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Iceland was 2,430,150,000,000 as of 2019. As the graph below shows, over the past 24 years this indicator reached a maximum value of 2,430,150,000,000 in 2019 and a minimum value of 1,061,450,000,000 in 1995.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1995 1,061,450,000,000
1996 1,125,800,000,000
1997 1,178,890,000,000
1998 1,271,920,000,000
1999 1,336,060,000,000
2000 1,406,840,000,000
2001 1,458,330,000,000
2002 1,455,040,000,000
2003 1,500,290,000,000
2004 1,598,650,000,000
2005 1,675,430,000,000
2006 1,741,670,000,000
2007 1,862,380,000,000
2008 1,915,910,000,000
2009 1,808,450,000,000
2010 1,756,420,000,000
2011 1,783,840,000,000
2012 1,829,490,000,000
2013 1,903,020,000,000
2014 1,964,020,000,000
2015 2,056,530,000,000
2016 2,195,480,000,000
2017 2,297,780,000,000
2018 2,386,650,000,000
2019 2,430,150,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts