Iceland - Industry
Industry, value added per worker (constant 2010 US$)
The latest value for Industry, value added per worker (constant 2010 US$) in Iceland was 114,821 as of 2019. Over the past 24 years, the value for this indicator has fluctuated between 117,144 in 2018 and 55,098 in 1995.
Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Industry corresponds to the International Standard Industrial Classification (ISIC) tabulation categories C-F (revision 3) or tabulation categories B-F (revision 4), and includes mining and quarrying (including oil production), manufacturing, construction, and public utilities (electricity, gas, and water).
Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.
See also:
| Year | Value |
|---|---|
| 1995 | 55,098 |
| 1996 | 61,878 |
| 1997 | 62,568 |
| 1998 | 57,912 |
| 1999 | 66,131 |
| 2000 | 71,916 |
| 2001 | 70,587 |
| 2002 | 70,425 |
| 2003 | 74,938 |
| 2004 | 76,557 |
| 2005 | 85,403 |
| 2006 | 89,426 |
| 2007 | 92,382 |
| 2008 | 86,803 |
| 2009 | 86,939 |
| 2010 | 89,612 |
| 2011 | 91,325 |
| 2012 | 94,104 |
| 2013 | 95,393 |
| 2014 | 97,160 |
| 2015 | 101,929 |
| 2016 | 106,038 |
| 2017 | 109,369 |
| 2018 | 117,144 |
| 2019 | 114,821 |
Industry, value added (current US$)
The latest value for Industry, value added (current US$) in Iceland was $4,273,254,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between $5,139,528,000 in 2018 and $1,561,220,000 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 current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1995 | $1,561,220,000 |
| 1996 | $1,582,890,000 |
| 1997 | $1,939,007,000 |
| 1998 | $2,104,117,000 |
| 1999 | $2,060,174,000 |
| 2000 | $2,082,068,000 |
| 2001 | $2,032,570,000 |
| 2002 | $2,081,101,000 |
| 2003 | $2,446,310,000 |
| 2004 | $3,015,043,000 |
| 2005 | $3,520,477,000 |
| 2006 | $3,885,173,000 |
| 2007 | $4,359,953,000 |
| 2008 | $4,158,710,000 |
| 2009 | $2,623,509,000 |
| 2010 | $3,031,824,000 |
| 2011 | $3,404,503,000 |
| 2012 | $3,111,552,000 |
| 2013 | $3,408,906,000 |
| 2014 | $3,715,012,000 |
| 2015 | $3,544,886,000 |
| 2016 | $4,071,907,000 |
| 2017 | $4,827,453,000 |
| 2018 | $5,139,528,000 |
| 2019 | $4,898,233,000 |
| 2020 | $4,273,254,000 |
Industry, value added (current LCU)
The value for Industry, value added (current LCU) in Iceland was 578,691,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 600,557,000,000 in 2019 and a minimum value of 100,998,000,000 in 1995.
Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1995 | 100,998,000,000 |
| 1996 | 105,262,000,000 |
| 1997 | 137,484,000,000 |
| 1998 | 149,305,000,000 |
| 1999 | 149,023,000,000 |
| 2000 | 163,684,000,000 |
| 2001 | 198,022,000,000 |
| 2002 | 190,757,000,000 |
| 2003 | 187,654,000,000 |
| 2004 | 211,631,000,000 |
| 2005 | 221,726,000,000 |
| 2006 | 272,661,000,000 |
| 2007 | 279,277,000,000 |
| 2008 | 365,750,000,000 |
| 2009 | 324,366,000,000 |
| 2010 | 370,616,000,000 |
| 2011 | 394,766,000,000 |
| 2012 | 389,202,000,000 |
| 2013 | 416,497,000,000 |
| 2014 | 433,792,000,000 |
| 2015 | 467,637,000,000 |
| 2016 | 491,933,000,000 |
| 2017 | 515,763,000,000 |
| 2018 | 556,612,000,000 |
| 2019 | 600,557,000,000 |
| 2020 | 578,691,000,000 |
Industry, value added (constant 2010 US$)
The latest value for Industry, value added (constant 2010 US$) in Iceland was 3,912,259,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 4,169,263,000 in 2019 and 2,020,557,000 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 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1995 | 2,020,557,000 |
| 1996 | 2,155,522,000 |
| 1997 | 2,284,881,000 |
| 1998 | 2,375,015,000 |
| 1999 | 2,455,408,000 |
| 2000 | 2,637,691,000 |
| 2001 | 2,723,574,000 |
| 2002 | 2,637,111,000 |
| 2003 | 2,682,332,000 |
| 2004 | 2,970,707,000 |
| 2005 | 3,158,533,000 |
| 2006 | 3,402,778,000 |
| 2007 | 3,535,362,000 |
| 2008 | 3,520,939,000 |
| 2009 | 2,952,237,000 |
| 2010 | 2,882,095,000 |
| 2011 | 2,959,315,000 |
| 2012 | 3,049,666,000 |
| 2013 | 3,250,859,000 |
| 2014 | 3,383,655,000 |
| 2015 | 3,544,886,000 |
| 2016 | 3,740,853,000 |
| 2017 | 3,915,356,000 |
| 2018 | 4,074,443,000 |
| 2019 | 4,169,263,000 |
| 2020 | 3,912,259,000 |
Industry, value added (annual % growth)
The value for Industry, value added (annual % growth) in Iceland was -6.16 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 10.75 in 2004 and a minimum value of -16.15 in 2009.
Definition: Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1996 | 6.68 |
| 1997 | 6.00 |
| 1998 | 3.94 |
| 1999 | 3.38 |
| 2000 | 7.42 |
| 2001 | 3.26 |
| 2002 | -3.17 |
| 2003 | 1.71 |
| 2004 | 10.75 |
| 2005 | 6.32 |
| 2006 | 7.73 |
| 2007 | 3.90 |
| 2008 | -0.41 |
| 2009 | -16.15 |
| 2010 | -2.38 |
| 2011 | 2.68 |
| 2012 | 3.05 |
| 2013 | 6.60 |
| 2014 | 4.08 |
| 2015 | 4.76 |
| 2016 | 5.53 |
| 2017 | 4.66 |
| 2018 | 4.06 |
| 2019 | 2.33 |
| 2020 | -6.16 |
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 |
Industry, value added (% of GDP)
Industry, value added (% of GDP) in Iceland was 19.68 as of 2020. Its highest value over the past 25 years was 25.62 in 1997, while its lowest value was 19.52 in 2017.
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 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1995 | 21.92 |
| 1996 | 21.32 |
| 1997 | 25.62 |
| 1998 | 24.74 |
| 1999 | 22.94 |
| 2000 | 23.07 |
| 2001 | 24.68 |
| 2002 | 22.33 |
| 2003 | 21.40 |
| 2004 | 21.81 |
| 2005 | 20.89 |
| 2006 | 22.25 |
| 2007 | 20.14 |
| 2008 | 23.01 |
| 2009 | 19.94 |
| 2010 | 22.05 |
| 2011 | 22.37 |
| 2012 | 21.09 |
| 2013 | 21.14 |
| 2014 | 20.79 |
| 2015 | 20.24 |
| 2016 | 19.58 |
| 2017 | 19.52 |
| 2018 | 19.57 |
| 2019 | 19.71 |
| 2020 | 19.68 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
