Value Added (Manufacture of food and beverages) — Value Standard in Iceland
Iceland: Value Added (Manufacture of food and beverages) — Value Standard was 110,942 million SLC in 2014. ▲ Rising
Value Added (Manufacture of food and beverages) — Value Standard in Iceland, 1992–2014
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2014, value added (manufacture of food and beverages) — value standard in Iceland stood at 110,942 million SLC. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 85.6% over ten years.
Over the whole period, value added (manufacture of food and beverages) — value standard in Iceland peaked at 110,942 million SLC in 2014 and was at its lowest, 53,579 million SLC, in 2005.
That places Iceland 19th out of 44 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Value Added (Manufacture of food and beverages) — Value Standard in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1992 | 65,800 million SLC | — |
| 1993 | 65,818 million SLC | +0.0% |
| 1994 | 68,347 million SLC | +3.8% |
| 1995 | 65,396 million SLC | -4.3% |
| 1996 | 66,011 million SLC | +0.9% |
| 1997 | 66,482 million SLC | +0.7% |
| 1998 | 66,458 million SLC | -0.0% |
| 1999 | 66,254 million SLC | -0.3% |
| 2000 | 58,826 million SLC | -11.2% |
| 2001 | 74,073 million SLC | +25.9% |
| 2002 | 63,019 million SLC | -14.9% |
| 2003 | 63,795 million SLC | +1.2% |
| 2004 | 59,779 million SLC | -6.3% |
| 2005 | 53,579 million SLC | -10.4% |
| 2006 | 55,304 million SLC | +3.2% |
| 2007 | 57,534 million SLC | +4.0% |
| 2008 | 61,863 million SLC | +7.5% |
| 2009 | 59,898 million SLC | -3.2% |
| 2010 | 61,270 million SLC | +2.3% |
| 2011 | 98,734 million SLC | +61.1% |
| 2012 | 101,962 million SLC | +3.3% |
| 2013 | 108,419 million SLC | +6.3% |
| 2014 | 110,942 million SLC | +2.3% |
Iceland compared with similar countries
- Iceland's 110,942 million SLC is above the median for high income countries, which is 14,949 million SLC, 7.4× the median. (12 countries reporting)
- Iceland's 110,942 million SLC is above the median for Europe & Central Asia, which is 24,705 million SLC, 4.5× the median. (12 countries reporting)
Biggest year-on-year movements
Years where Value Added (Manufacture of food and beverages) — Value Standard in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +61.1% | 61,270 million SLC | 98,734 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 66,321 million SLC | 65,396 million SLC | 68,347 million SLC | 8 |
| 2000s | 60,767 million SLC | 53,579 million SLC | 74,073 million SLC | 10 |
| 2010s | 96,265 million SLC | 61,270 million SLC | 110,942 million SLC | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Share of GDP from agriculture 3.7% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.7% (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is value added (manufacture of food and beverages) — value standard in Iceland?
- Value added (manufacture of food and beverages) — value standard in Iceland was 110,942 million SLC in 2014, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (manufacture of food and beverages) — value standard recorded in Iceland?
- The highest recorded value was 110,942 million SLC in 2014.
- What is the lowest value added (manufacture of food and beverages) — value standard recorded in Iceland?
- The lowest recorded value was 53,579 million SLC in 2005.
- How does Iceland rank for value added (manufacture of food and beverages) — value standard?
- Iceland ranks 19th out of 44 countries with data for 2014.
- Is value added (manufacture of food and beverages) — value standard rising or falling in Iceland?
- Over the last ten years it is up 85.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Manufacture of food and beverages) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).