Iceland - Services
Services, value added per worker (constant 2010 US$)
The latest value for Services, value added per worker (constant 2010 US$) in Iceland was 83,513 as of 2019. Over the past 24 years, the value for this indicator has fluctuated between 83,513 in 2019 and 53,351 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. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.
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 | 53,351 |
| 1996 | 55,376 |
| 1997 | 58,671 |
| 1998 | 64,281 |
| 1999 | 62,774 |
| 2000 | 62,909 |
| 2001 | 64,345 |
| 2002 | 64,922 |
| 2003 | 66,884 |
| 2004 | 71,149 |
| 2005 | 71,164 |
| 2006 | 70,947 |
| 2007 | 74,933 |
| 2008 | 76,968 |
| 2009 | 75,838 |
| 2010 | 73,552 |
| 2011 | 74,918 |
| 2012 | 74,801 |
| 2013 | 74,615 |
| 2014 | 74,216 |
| 2015 | 74,227 |
| 2016 | 76,017 |
| 2017 | 78,782 |
| 2018 | 81,348 |
| 2019 | 83,513 |
Services, value added (current US$)
The latest value for Services, value added (current US$) in Iceland was $14,384,660,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between $17,267,220,000 in 2018 and $3,651,856,000 in 1995.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. 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 industrial 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 | $3,651,856,000 |
| 1996 | $3,840,057,000 |
| 1997 | $3,995,799,000 |
| 1998 | $4,620,026,000 |
| 1999 | $4,988,958,000 |
| 2000 | $5,135,717,000 |
| 2001 | $4,675,699,000 |
| 2002 | $5,497,137,000 |
| 2003 | $6,886,809,000 |
| 2004 | $8,320,821,000 |
| 2005 | $10,190,580,000 |
| 2006 | $10,294,950,000 |
| 2007 | $13,578,800,000 |
| 2008 | $11,111,310,000 |
| 2009 | $8,538,540,000 |
| 2010 | $8,510,104,000 |
| 2011 | $9,299,273,000 |
| 2012 | $9,147,568,000 |
| 2013 | $10,144,930,000 |
| 2014 | $11,393,720,000 |
| 2015 | $11,275,140,000 |
| 2016 | $13,624,530,000 |
| 2017 | $16,221,190,000 |
| 2018 | $17,267,220,000 |
| 2019 | $16,415,150,000 |
| 2020 | $14,384,660,000 |
Services, value added (current LCU)
The value for Services, value added (current LCU) in Iceland was 1,948,000,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 2,012,610,000,000 in 2019 and a minimum value of 236,245,000,000 in 1995.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1995 | 236,245,000,000 |
| 1996 | 255,364,000,000 |
| 1997 | 283,319,000,000 |
| 1998 | 327,829,000,000 |
| 1999 | 360,878,000,000 |
| 2000 | 403,750,000,000 |
| 2001 | 455,528,000,000 |
| 2002 | 503,877,000,000 |
| 2003 | 528,280,000,000 |
| 2004 | 584,053,000,000 |
| 2005 | 641,820,000,000 |
| 2006 | 722,500,000,000 |
| 2007 | 869,790,000,000 |
| 2008 | 977,216,000,000 |
| 2009 | 1,055,690,000,000 |
| 2010 | 1,040,290,000,000 |
| 2011 | 1,078,290,000,000 |
| 2012 | 1,144,200,000,000 |
| 2013 | 1,239,500,000,000 |
| 2014 | 1,330,410,000,000 |
| 2015 | 1,487,400,000,000 |
| 2016 | 1,646,000,000,000 |
| 2017 | 1,733,070,000,000 |
| 2018 | 1,870,040,000,000 |
| 2019 | 2,012,610,000,000 |
| 2020 | 1,948,000,000,000 |
Services, value added (constant 2010 US$)
The latest value for Services, value added (constant 2010 US$) in Iceland was 12,699,000,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 13,624,190,000 in 2019 and 5,137,573,000 in 1995.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. 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 | 5,137,573,000 |
| 1996 | 5,457,208,000 |
| 1997 | 5,750,560,000 |
| 1998 | 6,406,934,000 |
| 1999 | 6,843,206,000 |
| 2000 | 7,223,786,000 |
| 2001 | 7,518,680,000 |
| 2002 | 7,555,189,000 |
| 2003 | 7,887,294,000 |
| 2004 | 8,310,874,000 |
| 2005 | 8,709,935,000 |
| 2006 | 9,037,207,000 |
| 2007 | 10,040,730,000 |
| 2008 | 10,414,780,000 |
| 2009 | 9,993,439,000 |
| 2010 | 9,745,699,000 |
| 2011 | 9,941,000,000 |
| 2012 | 10,142,100,000 |
| 2013 | 10,492,990,000 |
| 2014 | 10,802,590,000 |
| 2015 | 11,275,140,000 |
| 2016 | 12,080,230,000 |
| 2017 | 12,707,690,000 |
| 2018 | 13,343,140,000 |
| 2019 | 13,624,190,000 |
| 2020 | 12,699,000,000 |
Services, value added (annual % growth)
The value for Services, value added (annual % growth) in Iceland was -6.79 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 11.41 in 1998 and a minimum value of -6.79 in 2020.
Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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 |
|---|---|
| 1996 | 6.22 |
| 1997 | 5.38 |
| 1998 | 11.41 |
| 1999 | 6.81 |
| 2000 | 5.56 |
| 2001 | 4.08 |
| 2002 | 0.49 |
| 2003 | 4.40 |
| 2004 | 5.37 |
| 2005 | 4.80 |
| 2006 | 3.76 |
| 2007 | 11.10 |
| 2008 | 3.73 |
| 2009 | -4.05 |
| 2010 | -2.48 |
| 2011 | 2.00 |
| 2012 | 2.02 |
| 2013 | 3.46 |
| 2014 | 2.95 |
| 2015 | 4.37 |
| 2016 | 7.14 |
| 2017 | 5.19 |
| 2018 | 5.00 |
| 2019 | 2.11 |
| 2020 | -6.79 |
Services, value added (constant LCU)
The value for Services, value added (constant LCU) in Iceland was 1,675,240,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 1,797,290,000,000 in 2019 and a minimum value of 677,742,000,000 in 1995.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. 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 industrial 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 | 677,742,000,000 |
| 1996 | 719,908,000,000 |
| 1997 | 758,606,000,000 |
| 1998 | 845,194,000,000 |
| 1999 | 902,747,000,000 |
| 2000 | 952,953,000,000 |
| 2001 | 991,854,000,000 |
| 2002 | 996,671,000,000 |
| 2003 | 1,040,480,000,000 |
| 2004 | 1,096,360,000,000 |
| 2005 | 1,149,000,000,000 |
| 2006 | 1,192,180,000,000 |
| 2007 | 1,324,560,000,000 |
| 2008 | 1,373,900,000,000 |
| 2009 | 1,318,320,000,000 |
| 2010 | 1,285,640,000,000 |
| 2011 | 1,311,400,000,000 |
| 2012 | 1,337,930,000,000 |
| 2013 | 1,384,220,000,000 |
| 2014 | 1,425,060,000,000 |
| 2015 | 1,487,400,000,000 |
| 2016 | 1,593,610,000,000 |
| 2017 | 1,676,380,000,000 |
| 2018 | 1,760,210,000,000 |
| 2019 | 1,797,290,000,000 |
| 2020 | 1,675,240,000,000 |
Services, value added (% of GDP)
Services, value added (% of GDP) in Iceland was 66.23 as of 2020. Its highest value over the past 25 years was 66.23 in 2020, while its lowest value was 51.26 in 1995.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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 | 51.26 |
| 1996 | 51.71 |
| 1997 | 52.79 |
| 1998 | 54.33 |
| 1999 | 55.54 |
| 2000 | 56.90 |
| 2001 | 56.78 |
| 2002 | 58.99 |
| 2003 | 60.26 |
| 2004 | 60.19 |
| 2005 | 60.47 |
| 2006 | 58.95 |
| 2007 | 62.71 |
| 2008 | 61.47 |
| 2009 | 64.91 |
| 2010 | 61.89 |
| 2011 | 61.09 |
| 2012 | 62.01 |
| 2013 | 62.91 |
| 2014 | 63.77 |
| 2015 | 64.37 |
| 2016 | 65.52 |
| 2017 | 65.60 |
| 2018 | 65.74 |
| 2019 | 66.04 |
| 2020 | 66.23 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
