Value Added (Manufacture of food and beverages) — Value Standard in Iceland
Iceland: Value Added (Manufacture of food and beverages) — Value Standard was 111,737 million SLC in 2014. ◆ Volatile
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
Iceland recorded 111,737 million SLC for value added (manufacture of food and beverages) — value standard in 2014. That is the highest value across all 23 years on record.
That represents a change of up 4.0% on the previous year and up 228.1% over ten years.
Over the whole period, value added (manufacture of food and beverages) — value standard in Iceland peaked at 111,737 million SLC in 2014 and was at its lowest, 28,494 million SLC, in 2005.
Iceland ranks 20th of 44 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Manufacture of food and beverages) — Value Standard in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1992 | 28,661 million SLC | — |
| 1993 | 29,920 million SLC | +4.4% |
| 1994 | 33,692 million SLC | +12.6% |
| 1995 | 32,145 million SLC | -4.6% |
| 1996 | 32,212 million SLC | +0.2% |
| 1997 | 33,305 million SLC | +3.4% |
| 1998 | 34,807 million SLC | +4.5% |
| 1999 | 32,197 million SLC | -7.5% |
| 2000 | 29,998 million SLC | -6.8% |
| 2001 | 46,592 million SLC | +55.3% |
| 2002 | 37,504 million SLC | -19.5% |
| 2003 | 36,442 million SLC | -2.8% |
| 2004 | 34,051 million SLC | -6.6% |
| 2005 | 28,494 million SLC | -16.3% |
| 2006 | 34,685 million SLC | +21.7% |
| 2007 | 33,736 million SLC | -2.7% |
| 2008 | 54,197 million SLC | +60.7% |
| 2009 | 55,943 million SLC | +3.2% |
| 2010 | 68,247 million SLC | +22.0% |
| 2011 | 109,551 million SLC | +60.5% |
| 2012 | 101,047 million SLC | -7.8% |
| 2013 | 107,450 million SLC | +6.3% |
| 2014 | 111,737 million SLC | +4.0% |
Iceland compared with similar countries
- Iceland's 111,737 million SLC is above the median for high income countries, which is 7,245 million SLC, 15.4× the median. (12 countries reporting)
- Iceland's 111,737 million SLC is above the median for Europe & Central Asia, which is 21,613 million SLC, 5.2× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32,117 million SLC | 28,661 million SLC | 34,807 million SLC | 8 |
| 2000s | 39,164 million SLC | 28,494 million SLC | 55,943 million SLC | 10 |
| 2010s | 99,606 million SLC | 68,247 million SLC | 111,737 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 111,737 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 111,737 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 28,494 million SLC in 2005.
- How does Iceland rank for value added (manufacture of food and beverages) — value standard?
- Iceland ranks 20th 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 228.1%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
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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).