Value Added (Agriculture, Forestry and Fishing) — Value Standard in Iceland
Iceland: Value Added (Agriculture, Forestry and Fishing) — Value Standard was 147,063 million SLC in 2024. ▲ Rising
Value Added (Agriculture, Forestry and Fishing) — Value Standard in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, value added (agriculture, forestry and fishing) — value standard in Iceland stood at 147,063 million SLC.
That represents a change of down 4.0% on the previous year and up 25.9% over ten years.
Over the whole period, value added (agriculture, forestry and fishing) — value standard in Iceland peaked at 156,114 million SLC in 2022 and was at its lowest, 68,302 million SLC, in 1970.
That places Iceland 65th out of 191 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Value Added (Agriculture, Forestry and Fishing) — Value Standard in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 68,302 million SLC | — |
| 1971 | 77,158 million SLC | +13.0% |
| 1972 | 82,501 million SLC | +6.9% |
| 1973 | 87,104 million SLC | +5.6% |
| 1974 | 92,258 million SLC | +5.9% |
| 1975 | 95,715 million SLC | +3.7% |
| 1976 | 89,398 million SLC | -6.6% |
| 1977 | 96,738 million SLC | +8.2% |
| 1978 | 110,836 million SLC | +14.6% |
| 1979 | 108,371 million SLC | -2.2% |
| 1980 | 121,763 million SLC | +12.4% |
| 1981 | 124,096 million SLC | +1.9% |
| 1982 | 114,021 million SLC | -8.1% |
| 1983 | 99,288 million SLC | -12.9% |
| 1984 | 100,853 million SLC | +1.6% |
| 1985 | 112,254 million SLC | +11.3% |
| 1986 | 126,251 million SLC | +12.5% |
| 1987 | 140,790 million SLC | +11.5% |
| 1988 | 143,751 million SLC | +2.1% |
| 1989 | 139,821 million SLC | -2.7% |
| 1990 | 142,867 million SLC | +2.2% |
| 1991 | 129,098 million SLC | -9.6% |
| 1992 | 129,185 million SLC | +0.1% |
| 1993 | 136,538 million SLC | +5.7% |
| 1994 | 130,354 million SLC | -4.5% |
| 1995 | 129,391 million SLC | -0.7% |
| 1996 | 134,504 million SLC | +4.0% |
| 1997 | 131,592 million SLC | -2.2% |
| 1998 | 127,253 million SLC | -3.3% |
| 1999 | 123,974 million SLC | -2.6% |
| 2000 | 121,464 million SLC | -2.0% |
| 2001 | 123,217 million SLC | +1.4% |
| 2002 | 126,196 million SLC | +2.4% |
| 2003 | 122,224 million SLC | -3.1% |
| 2004 | 126,703 million SLC | +3.7% |
| 2005 | 125,776 million SLC | -0.7% |
| 2006 | 122,180 million SLC | -2.9% |
| 2007 | 120,415 million SLC | -1.4% |
| 2008 | 122,808 million SLC | +2.0% |
| 2009 | 123,802 million SLC | +0.8% |
| 2010 | 110,569 million SLC | -10.7% |
| 2011 | 104,223 million SLC | -5.7% |
| 2012 | 115,496 million SLC | +10.8% |
| 2013 | 117,914 million SLC | +2.1% |
| 2014 | 116,795 million SLC | -0.9% |
| 2015 | 122,265 million SLC | +4.7% |
| 2016 | 123,598 million SLC | +1.1% |
| 2017 | 123,650 million SLC | +0.0% |
| 2018 | 131,816 million SLC | +6.6% |
| 2019 | 145,060 million SLC | +10.0% |
| 2020 | 132,378 million SLC | -8.7% |
| 2021 | 146,235 million SLC | +10.5% |
| 2022 | 156,114 million SLC | +6.8% |
| 2023 | 153,232 million SLC | -1.8% |
| 2024 | 147,063 million SLC | -4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 90,838 million SLC | 68,302 million SLC | 110,836 million SLC | 10 |
| 1980s | 122,289 million SLC | 99,288 million SLC | 143,751 million SLC | 10 |
| 1990s | 131,476 million SLC | 123,974 million SLC | 142,867 million SLC | 10 |
| 2000s | 123,478 million SLC | 120,415 million SLC | 126,703 million SLC | 10 |
| 2010s | 121,139 million SLC | 104,223 million SLC | 145,060 million SLC | 10 |
| 2020s | 147,004 million SLC | 132,378 million SLC | 156,114 million SLC | 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, non-coniferous — Production, per unit of GDP 0 m3 per US$ of GDP (2024)
- Sawnwood, non-coniferous — Production, per capita 0 m3 per person (2024)
- Sawnwood, non-coniferous — Import quantity, annual growth rate 12.33 % change on previous year (2024)
- Sawnwood, non-coniferous — Import quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Sawnwood, non-coniferous — Import quantity, per capita 0.0281 m3 per person (2024)
- Sawnwood, non-coniferous — Import value, annual growth rate 3.43 % change on previous year (2024)
Frequently asked questions
- What is value added (agriculture, forestry and fishing) — value standard in Iceland?
- Value added (agriculture, forestry and fishing) — value standard in Iceland was 147,063 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (agriculture, forestry and fishing) — value standard recorded in Iceland?
- The highest recorded value was 156,114 million SLC in 2022.
- What is the lowest value added (agriculture, forestry and fishing) — value standard recorded in Iceland?
- The lowest recorded value was 68,302 million SLC in 1970.
- How does Iceland rank for value added (agriculture, forestry and fishing) — value standard?
- Iceland ranks 65th out of 191 countries with data for 2024.
- Is value added (agriculture, forestry and fishing) — value standard rising or falling in Iceland?
- Over the last ten years it is up 25.9%. 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 Value Added (Agriculture, Forestry and Fishing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).