Forestry (central government expenditure) — Value Standard Local in Iceland

Iceland: Forestry (central government expenditure) — Value Standard Local was 2,458 million SLC in 2024. ▲ Rising

Latest (2024)
2,458 million SLC
Change on year
up 10.1%
World rank
16th
of 66 countries
All-time high
2,458 million SLC
in 2024
All-time low
622 million SLC
in 2019
Years of data
6
2019–2024

Forestry (central government expenditure) — Value Standard Local in Iceland, 2019–2024

5001.0k1.5k2.0k2.5k2019202120242019: 622 million SLC2020: 1.5k million SLC2021: 1.9k million SLC2022: 2.3k million SLC2023: 2.2k million SLC2024: 2.5k million SLC

Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.

Analysis

Iceland recorded 2,458 million SLC for forestry (central government expenditure) — value standard local in 2024. That is the highest value across all 6 years on record.

That represents a change of up 10.1% on the previous year and up 295.2% over ten years.

Iceland ranks 16th of 66 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 622 million SLC 622 million SLC 622 million SLC 1
2020s 2,077 million SLC 1,542 million SLC 2,458 million SLC 5

Countries ranked near Iceland

  1. 13 Togo 5,920 million SLC
  2. 14 Mexico 3,197 million SLC compare
  3. 15 Colombia 3,003 million SLC compare
  4. 17 Armenia 1,912 million SLC
  5. 18 Chad 1,796 million SLC
  6. 19 Guyana 1,334 million SLC compare

See the full ranking of 70 places →

More environment data for Iceland

All data for Iceland →

Frequently asked questions

What is forestry (central government expenditure) — value standard local in Iceland?
Forestry (central government expenditure) — value standard local in Iceland was 2,458 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest forestry (central government expenditure) — value standard local recorded in Iceland?
The highest recorded value was 2,458 million SLC in 2024.
What is the lowest forestry (central government expenditure) — value standard local recorded in Iceland?
The lowest recorded value was 622 million SLC in 2019.
How does Iceland rank for forestry (central government expenditure) — value standard local?
Iceland ranks 16th out of 66 countries with data for 2024.
Is forestry (central government expenditure) — value standard local rising or falling in Iceland?
Over the last ten years it is up 295.2%. 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 Forestry (central government expenditure) — Value Standard Local Currency. Statizoid updates them automatically from the source API.

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Forestry (central government expenditure) — Value Standard Local in Iceland. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 17 August 2026, from https://environment.statizoid.com/stat/forestry-central-government-expenditure-value-standard-local-currency/iceland/

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About this data

Indicator
Forestry (central government expenditure) — Value Standard Local Currency
Unit
million SLC
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
70 places, 888 data points, 2001–2024
Last refreshed

The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.