Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.
The statistics describe manufacturers' sales of goods measured in terms of volume and value by detailed types of goods. In addition to this, sales are distributed by industries (NACE groups).
3.2. Classification system
NACE Rev. 2.1 (Statistical Classification of Economic Activities in the European Community).
NACE Rev. 2.0 for reference period 1995-2024 (Eurostat publishes PRODCOM data under NACE Rev. 2.0 back to 1995).
See PRODCOM list for detailed classification of products.
3.3. Coverage - sector
Market activities of NACE Rev. 2 sections A (fishing) and B (mining).
3.4. Statistical concepts and definitions
Industrial sales: Sales or invoice value at current prices, excluding VAT. All sales are included, regardless if its to domestic and export markets.
Quantity of goods sold in tonnes.
3.5. Statistical unit
Legal unit
3.6. Statistical population
The statistical population comprises all legal units, both legal entities and natural persons, with at least one employee, operating in market activities defined in section 3.3.
3.7. Reference area
Iceland
3.8. Coverage - Time
Year 2025
3.9. Base period
2025
Sold value in ISK. Quantity sold in tonnes.
2025
6.1. Institutional Mandate - legal acts and other agreements
Act on Statistics Iceland and official statistics (163/2007)
Commission Implementing Regulation (EU) 2026/665 of 4Â March 2026 amending Implementing Regulation (EU) 2022/2552 as regards the technical specifications of data requirements for the detailed topic industrial production statistics establishing the industrial products classification breakdown.
6.2. Institutional Mandate - data sharing
Eurostat data collection.
Data are not sent to other international organisations.
When publishing and disseminating statistics, care must be taken that information cannot be traced to specific natural or legal entities. Exceptions may be made to this when the respective natural/legal entity has consented to this sort of publication or in the case of administrative records or information which does not have to be kept confidential. In general PRODCOM data is not confidential.
Statistics Iceland follows the principles in the Code of Practice for European Statistics (CoP) and uses the Quality Assurance Framework of the European Statistical System (QAF) for the implementation of the principles. This involves continuous decentralized and central control of products and processes based on documentation following international standards.
11.2. Quality management - assessment
Not available
12.1. Relevance - User Needs
Annual data on production and production value in Iceland is sent to Eurostat. Local users prefer absolute numbers and classifications of economic activities that reflect the national economy. The absolute numbers are published monthly. The main users are trade unions, employer's associations, universities and government agencies.
12.2. Relevance - User Satisfaction
Not available.
12.3. Completeness
All statistics needed for dissemination are available.
13.1. Accuracy - overall
The statistic are computed using administrative data which covers the total sampling frame.
13.2. Sampling error
Not applicable.
13.3. Non-sampling error
Not applicable.
14.1. Timeliness
Annual data is sent to Eurostat before the end of June each year.
14.2. Punctuality
Data is delivered on time each year.
15.1. Comparability - geographical
Not applicable.
15.2. Comparability - over time
Statistics are comparable over time.
15.3. Coherence - cross domain
Not applicable (data is sourced directly from the one and only data source domain).
15.4. Coherence - internal
Not applicable (data is sourced directly from the one and only data source domain).
Administrative data are used to compile these statistics. Thus, the all costs and burden are related to data compilation within Statistics Iceland.
17.1. Data revision - policy
Errors are corrected when they are found. Users are informed of methodological and other changes which may lead to revisions. Smaller revisions and revisions of preliminary data are not announced. The same revision policy is applied both to data released nationally and to data transmitted to Eurostat.
17.2. Data revision - practice
Data sent to Eurostat is generally not revised as it is a compilation of monthly data that has been published each month and revised if needed in the following 1-2 months nationally and thus long before data is sent to Eurostat.
18.1. Source data
Data is primarily based on customs declarations for imports and exports and other administrative data from legal units in the statistical business register.
18.2. Frequency of data collection
Monthly
18.3. Data collection
Data is collected through customs declarations, administrative data and through direct contact with individual companies. All data is reviewed, checked and corrected as much as possible.
18.4. Data validation
Data is reviewed, checked and corrected each month as need be.
18.5. Data compilation
Not applicable (data is delivered as is).
18.6. Adjustment
No corrections of the data are carried out beyond what has already been described during data validation and data processing.
Not applicable.
The statistics describe manufacturers' sales of goods measured in terms of volume and value by detailed types of goods. In addition to this, sales are distributed by industries (NACE groups).
17 July 2026
Industrial sales: Sales or invoice value at current prices, excluding VAT. All sales are included, regardless if its to domestic and export markets.
Quantity of goods sold in tonnes.
Legal unit
The statistical population comprises all legal units, both legal entities and natural persons, with at least one employee, operating in market activities defined in section 3.3.
Iceland
2025
The statistic are computed using administrative data which covers the total sampling frame.
Sold value in ISK. Quantity sold in tonnes.
Not applicable (data is delivered as is).
Data is primarily based on customs declarations for imports and exports and other administrative data from legal units in the statistical business register.
Monthly nationally. Annually to Eurostat.
Annual data is sent to Eurostat before the end of June each year.
