R&D Agriculture, forestry, fishing (central government expenditure) in Iceland
Iceland: R&D Agriculture, forestry, fishing (central government expenditure) was 53.63 million USD in 2024. ▲ Rising
R&D Agriculture, forestry, fishing (central government expenditure) in Iceland, 2016–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Iceland recorded 53.63 million USD for r&d agriculture, forestry, fishing (central government expenditure) in 2024. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 11.4% on the previous year and up 36.1% over ten years.
Over the whole period, r&d agriculture, forestry, fishing (central government expenditure) in Iceland peaked at 53.63 million USD in 2024 and was at its lowest, 39.4 million USD, in 2016.
That places Iceland 13th out of 49 countries with data for 2024, putting it in the top quarter.
R&D Agriculture, forestry, fishing (central government expenditure) in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 2016 | 39.4 million USD | — |
| 2017 | 52.87 million USD | +34.2% |
| 2018 | 52.94 million USD | +0.1% |
| 2019 | 50.2 million USD | -5.2% |
| 2020 | 43.13 million USD | -14.1% |
| 2021 | 48.89 million USD | +13.4% |
| 2022 | 47.94 million USD | -1.9% |
| 2023 | 48.16 million USD | +0.5% |
| 2024 | 53.63 million USD | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 48.85 million USD | 39.4 million USD | 52.94 million USD | 4 |
| 2020s | 48.35 million USD | 43.13 million USD | 53.63 million USD | 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)
- Sawnwood — Export quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Sawnwood — Export quantity, per capita 0 m3 per person (2024)
- Sawnwood — Export value, annual growth rate -100 % change on previous year (2024)
- Sawnwood — Export value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
- Sawnwood — Export value, per capita 0 1000 USD per person (2024)
- Sawnwood, coniferous — Import quantity, annual growth rate -16.22 % change on previous year (2024)
Frequently asked questions
- What is r&d agriculture, forestry, fishing (central government expenditure) in Iceland?
- R&d agriculture, forestry, fishing (central government expenditure) in Iceland was 53.63 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest r&d agriculture, forestry, fishing (central government expenditure) recorded in Iceland?
- The highest recorded value was 53.63 million USD in 2024.
- What is the lowest r&d agriculture, forestry, fishing (central government expenditure) recorded in Iceland?
- The lowest recorded value was 39.4 million USD in 2016.
- How does Iceland rank for r&d agriculture, forestry, fishing (central government expenditure)?
- Iceland ranks 13th out of 49 countries with data for 2024.
- Is r&d agriculture, forestry, fishing (central government expenditure) rising or falling in Iceland?
- Over the last ten years it is up 36.1%. 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 R&D Agriculture, forestry, fishing (central government expenditure) — Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
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.