Value Added (Manufacture of food and beverages) — Ratio of Value in Iceland
Iceland: Value Added (Manufacture of food and beverages) — Ratio of Value was 1.02 in 2014. ▲ Rising
Value Added (Manufacture of food and beverages) — Ratio of Value in Iceland, 1992–2014
Source: Food and Agriculture Organization of the United Nations.
Analysis
The most recent figure for value added (manufacture of food and beverages) — ratio of value in Iceland is 1.02, measured in 2014. That is the highest value across all 23 years on record.
That represents a change of up 8.9% on the previous year and up 53.1% over ten years.
Over the whole period, value added (manufacture of food and beverages) — ratio of value in Iceland peaked at 1.02 in 2014 and was at its lowest, 0.5707, in 2005.
Iceland ranks 10th of 44 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Value Added (Manufacture of food and beverages) — Ratio of Value in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 0.7309 | — |
| 1993 | 0.7441 | +1.8% |
| 1994 | 0.8303 | +11.6% |
| 1995 | 0.7448 | -10.3% |
| 1996 | 0.713 | -4.3% |
| 1997 | 0.7712 | +8.2% |
| 1998 | 0.7113 | -7.8% |
| 1999 | 0.652 | -8.3% |
| 2000 | 0.6058 | -7.1% |
| 2001 | 0.7776 | +28.4% |
| 2002 | 0.5859 | -24.7% |
| 2003 | 0.6471 | +10.4% |
| 2004 | 0.6641 | +2.6% |
| 2005 | 0.5707 | -14.1% |
| 2006 | 0.5953 | +4.3% |
| 2007 | 0.5815 | -2.3% |
| 2008 | 0.6979 | +20.0% |
| 2009 | 0.6087 | -12.8% |
| 2010 | 0.6461 | +6.1% |
| 2011 | 0.9672 | +49.7% |
| 2012 | 0.8364 | -13.5% |
| 2013 | 0.9334 | +11.6% |
| 2014 | 1.02 | +8.9% |
Iceland compared with similar countries
- Iceland's 1.02 is below the median for high income countries, which is 1.13, 90% of the median. (12 countries reporting)
- Iceland's 1.02 is above the median for Europe & Central Asia, which is 0.4645, 2.2× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7372 | 0.652 | 0.8303 | 8 |
| 2000s | 0.6335 | 0.5707 | 0.7776 | 10 |
| 2010s | 0.88 | 0.6461 | 1.02 | 5 |
Countries ranked near Iceland
More environment data for Iceland
- Historical exposure to drought — Land soil moisture anomaly 3.89 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.587 °C (2025)
- Temperature change 1.47 °C (2025)
- Nutrient nitrogen N (total) — Export quantity, gaps filled 0 t (2024)
- Nutrient nitrogen N (total) — Agricultural Use, gaps filled 10,670 t (2024)
- Nutrient nitrogen N (total) — Agricultural Use, annual growth rate 22.6 % change on previous year (2024)
- Nutrient phosphate P2O5 (total) — Import quantity, gaps filled 5,978 t (2024)
- Nutrient phosphate P2O5 (total) — Import quantity, annual growth rate 50.69 % change on previous year (2024)
- Nutrient phosphate P2O5 (total) — Agricultural Use, gaps filled 3,557 t (2024)
Frequently asked questions
- What is value added (manufacture of food and beverages) — ratio of value in Iceland?
- Value added (manufacture of food and beverages) — ratio of value in Iceland was 1.02 in 2014, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (manufacture of food and beverages) — ratio of value recorded in Iceland?
- The highest recorded value was 1.02 in 2014.
- What is the lowest value added (manufacture of food and beverages) — ratio of value recorded in Iceland?
- The lowest recorded value was 0.5707 in 2005.
- How does Iceland rank for value added (manufacture of food and beverages) — ratio of value?
- Iceland ranks 10th out of 44 countries with data for 2014.
- Is value added (manufacture of food and beverages) — ratio of value rising or falling in Iceland?
- Over the last ten years it is up 53.1%. 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) — Ratio of Value Added (Agriculture, Forestry and Fishing) Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).