Iceland Industrial Production
Year-on-year change in the volume of industrial output (mining, manufacturing, utilities).
Industrial Production in Iceland decreased to 14.52 percent in Feb 2018 from 15.12 percent in Jan 2018.
Iceland Industrial Production — History
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Iceland Industrial Production — analysis in simple words
Latest reading
Industrial Production in Iceland decreased to 14.52 percent in Feb 2018 from 15.12 percent in Jan 2018.
Over the last three months it rose once and fell twice.
Recent trend
A year earlier (Feb 2017) it was -5.1%, so the latest figure is 19.6 percentage points higher.
Over the past five years the average was 0.5%, with a range from -18.3% to 27.4%. The latest value is above that five-year average.
Historical context
This data series starts in Jan 1999 and has 230 monthly observations. The latest reading is higher than 74% of all of them.
The highest value on record is 58.2% (Oct 2008) and the lowest is -18.3% (Apr 2016). The long-run average is 7.5%.
Statistics
- Latest
- 14.5%Feb 2018
- Previous
- 15.1%
- 5-year average
- 0.5%
- Long-run average
- 7.5%since Jan 1999
- All-time high
- 58.2%Oct 2008
- All-time low
- -18.3%Apr 2016
- Observations
- 230Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Feb 2018 | 14.5% | ▼ −0.6 pp |
| Jan 2018 | 15.1% | ▼ −0.5 pp |
| Dec 2017 | 15.6% | ▲ +5.5 pp |
| Nov 2017 | 10.1% | ▲ +5.2 pp |
| Oct 2017 | 4.9% | ▲ +1.2 pp |
| Sep 2017 | 3.6% | ▲ +1.0 pp |
| Aug 2017 | 2.7% | ▲ +5.2 pp |
| Jul 2017 | -2.5% | ▲ +5.0 pp |
| Jun 2017 | -7.5% | ▼ −4.3 pp |
| May 2017 | -3.3% | ▼ −4.7 pp |
| Apr 2017 | 1.4% | ▲ +2.8 pp |
| Mar 2017 | -1.4% | ▲ +3.7 pp |
| Feb 2017 | -5.1% | ▲ +3.2 pp |
| Jan 2017 | -8.3% | ▲ +2.4 pp |
| Dec 2016 | -10.6% | ▼ −2.7 pp |
| Nov 2016 | -7.9% | ▼ −3.3 pp |
| Oct 2016 | -4.6% | ▼ −3.0 pp |
| Sep 2016 | -1.6% | ▼ −2.9 pp |
| Aug 2016 | 1.3% | ▲ +7.6 pp |
| Jul 2016 | -6.3% | ▲ +6.4 pp |
| Jun 2016 | -12.8% | ▲ +2.5 pp |
| May 2016 | -15.3% | ▲ +3.0 pp |
| Apr 2016 | -18.3% | ▼ −4.0 pp |
| Mar 2016 | -14.3% | ▼ −3.8 pp |
| Feb 2016 | -10.5% | ▼ −5.9 pp |
| Jan 2016 | -4.6% | ▼ −5.3 pp |
| Dec 2015 | 0.7% | ▲ +4.7 pp |
| Nov 2015 | -4.0% | ▲ +4.2 pp |
| Oct 2015 | -8.2% | ▼ −5.1 pp |
| Sep 2015 | -3.1% |
Industrial Production — Iceland vs Peers
Latest available reading for each economy (periods may differ). Iceland highlighted.
More Iceland indicators
Understanding Industrial Production — a simple guide
What it measures
The year-on-year change in the volume of output from factories, mines and utilities (electricity, gas, water).
How it is calculated
Industrial production index (volume, seasonally adjusted) this month ÷ the same month last year − 1, × 100.
If the index is 155.7 now and was 150.0 a year ago, industrial production grew 3.8%.
Rising output signals strong demand for goods.
Falling output often signals weakening demand or supply problems.
Why it matters for the economy and markets
Industrial production is one of the earliest monthly signals of how the economy is doing and moves closely with the business cycle.
How to read it
It can swing sharply from month to month; look at the trend over several months. Negative readings for several months often accompany a slowdown in manufacturing.
What to look at alongside it
Business confidence, GDP growth and exports.
Key terms
- IIP
- Index of Industrial Production — India’s name for this measure.
- Volume index
- An index that tracks quantities produced, not prices.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD industrial production (B-E)), monthly data from Jan 1999 to Feb 2018. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current industrial production of Iceland?
What is the highest and lowest industrial production of Iceland?
What does industrial production measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.