Industrial Overview
- World Rank by Industrial Output
- #114
- Industrial Value Added
- 77USD 100M
- of which Manufacturing
- 33USD 100M
- Land Area
- 10.310,000 km²
- Population
- 3910,000 people
- Official Language
- Icelandic
Key Industrial Sectors
Fisheries and seafood processing
Cod, haddock, capelin and salmon are caught and processed in Reykjavík, Akureyri and the Westman Islands, making fish and seafood products the country's largest merchandise export by value and a pillar of coastal employment.
Aluminium smelting and metals
Cheap geothermal and hydropower feed three smelters at Grundartangi, Straumsvík and Reyðarfjörður, where Alcoa, Century Aluminum and Rio Tinto produce aluminium mainly for European and North American customers, making aluminium the leading manufactured export.
Geothermal and renewable energy
Iceland generates almost all of its electricity and heating from geothermal and hydro sources, and exports engineering know-how through firms that design and build power plants and district-heating systems abroad.
Tourism and hospitality
Volcanic landscapes, glaciers and the Blue Lagoon draw visitors to Reykjavík, the south coast and the north, making tourism the largest service export and a driver of construction, transport and retail demand.
Software, data centres and life sciences
Reykjavík hosts growing software, gaming and biotechnology clusters, while abundant cheap green power attracts data centres and firms such as deCODE genetics, which serve international healthcare and technology markets worldwide.
National Export Live Dashboard External
Aggregating official trade, industrial, FX, logistics and policy signals. Sample data; linked to authoritative sources and updated.
- Industrial value added (2025)
- 77 USD 100M
- of which manufacturing (2025)
- 33 USD 100M
- Global industrial output rank
- #114
- Land area
- 10.3 10,000 km²
- Population
- 39 10,000 people
- Key industrial sectors
- Fisheries and seafood processing, Aluminium smelting and metals, Geothermal and renewable energy, Tourism and hospitality, Software, data centres and life sciences
- Top trade partners
- —
- FTAs signed
- —
- Key exchange rate
- —
- Latest policy / tariff changes
- —
- Ports / logistics status
- —
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FAQ
What are the most important industrial sectors in Iceland?
The most important industrial sectors in Iceland are: Fisheries and seafood processing, Aluminium smelting and metals, Geothermal and renewable energy, Tourism and hospitality, Software, data centres and life sciences.
What are the main opportunities for businesses in Iceland?
Iceland's industry centers on Fisheries and seafood processing, Aluminium smelting and metals, Geothermal and renewable energy, Tourism and hospitality, Software, data centres and life sciences; local businesses can build on these strengths to capture domestic and regional demand.
Where does this data come from and how often is it updated?
Data comes from the World Bank World Development Indicators, 2025 vintage (updated ), refreshed annually.
What are the main challenges facing Iceland's industrial sector?
Like many economies, Iceland aims to deepen manufacturing value-add and regional integration; specifics vary by sector.
Source: World Bank World Development Indicators (2025 vintage, updated ). Industrial value added = mining + manufacturing + electricity/gas/water + construction, in current USD. Last updated：2026-10-14