Value Added (Agriculture, Forestry and Fishing) — Value US$ in Iceland
Iceland: Value Added (Agriculture, Forestry and Fishing) — Value US$ was 1,202 million USD in 2024. ◆ Volatile
Value Added (Agriculture, Forestry and Fishing) — Value US$ in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, value added (agriculture, forestry and fishing) — value us$ in Iceland stood at 1,202 million USD.
That represents a change of up 0.5% on the previous year and up 27.7% over ten years.
Over the whole period, value added (agriculture, forestry and fishing) — value us$ in Iceland peaked at 1,223 million USD in 2022 and was at its lowest, 52.52 million USD, in 1970.
That places Iceland 149th out of 233 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Agriculture, Forestry and Fishing) — Value US$ in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 52.52 million USD | — |
| 1971 | 67.37 million USD | +28.3% |
| 1972 | 82.23 million USD | +22.1% |
| 1973 | 116.22 million USD | +41.3% |
| 1974 | 155.97 million USD | +34.2% |
| 1975 | 126.9 million USD | -18.6% |
| 1976 | 146.25 million USD | +15.2% |
| 1977 | 224.57 million USD | +53.5% |
| 1978 | 267.92 million USD | +19.3% |
| 1979 | 299.87 million USD | +11.9% |
| 1980 | 338.3 million USD | +12.8% |
| 1981 | 329.16 million USD | -2.7% |
| 1982 | 247 million USD | -25.0% |
| 1983 | 213.47 million USD | -13.6% |
| 1984 | 235.27 million USD | +10.2% |
| 1985 | 284.88 million USD | +21.1% |
| 1986 | 398.27 million USD | +39.8% |
| 1987 | 563.66 million USD | +41.5% |
| 1988 | 604.81 million USD | +7.3% |
| 1989 | 529.71 million USD | -12.4% |
| 1990 | 619.88 million USD | +17.0% |
| 1991 | 683.12 million USD | +10.2% |
| 1992 | 681.45 million USD | -0.2% |
| 1993 | 594.79 million USD | -12.7% |
| 1994 | 580.18 million USD | -2.5% |
| 1995 | 667.2 million USD | +15.0% |
| 1996 | 679.36 million USD | +1.8% |
| 1997 | 609.05 million USD | -10.3% |
| 1998 | 689.58 million USD | +13.2% |
| 1999 | 682.7 million USD | -1.0% |
| 2000 | 629.9 million USD | -7.7% |
| 2001 | 615.01 million USD | -2.4% |
| 2002 | 698.32 million USD | +13.5% |
| 2003 | 734.16 million USD | +5.1% |
| 2004 | 730.52 million USD | -0.5% |
| 2005 | 792.73 million USD | +8.5% |
| 2006 | 830.25 million USD | +4.7% |
| 2007 | 905.65 million USD | +9.1% |
| 2008 | 883.04 million USD | -2.5% |
| 2009 | 743.3 million USD | -15.8% |
| 2010 | 864.04 million USD | +16.2% |
| 2011 | 976.85 million USD | +13.1% |
| 2012 | 965.88 million USD | -1.1% |
| 2013 | 942.24 million USD | -2.4% |
| 2014 | 941.12 million USD | -0.1% |
| 2015 | 926.82 million USD | -1.5% |
| 2016 | 951.22 million USD | +2.6% |
| 2017 | 934.24 million USD | -1.8% |
| 2018 | 1,026 million USD | +9.8% |
| 2019 | 1,082 million USD | +5.5% |
| 2020 | 1,004 million USD | -7.3% |
| 2021 | 1,127 million USD | +12.3% |
| 2022 | 1,223 million USD | +8.5% |
| 2023 | 1,196 million USD | -2.2% |
| 2024 | 1,202 million USD | +0.5% |
Iceland compared with similar countries
- Iceland's 1,202 million USD is below the median for high income countries, which is 2,318 million USD, 52% of the median. (71 countries reporting)
- Iceland's 1,202 million USD is below the median for Europe & Central Asia, which is 4,627 million USD, 26% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 153.98 million USD | 52.52 million USD | 299.87 million USD | 10 |
| 1980s | 374.45 million USD | 213.47 million USD | 604.81 million USD | 10 |
| 1990s | 648.73 million USD | 580.18 million USD | 689.58 million USD | 10 |
| 2000s | 756.29 million USD | 615.01 million USD | 905.65 million USD | 10 |
| 2010s | 961.02 million USD | 864.04 million USD | 1,082 million USD | 10 |
| 2020s | 1,150 million USD | 1,004 million USD | 1,223 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)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), annual 0.8549 % change on previous year (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per unit 0 Mt CO2e per US$ of GDP (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per capita 0 Mt CO2e per person (2024)
- Methane (CH4) emissions from Agriculture (Mt CO2e), annual growth rate -1.93 % change on previous year (2024)
- Methane (CH4) emissions from Agriculture (Mt CO2e), per unit of GDP 0 Mt CO2e per US$ of GDP (2024)
- Methane (CH4) emissions from Agriculture (Mt CO2e), per capita 0 Mt CO2e per person (2024)
Frequently asked questions
- What is value added (agriculture, forestry and fishing) — value us$ in Iceland?
- Value added (agriculture, forestry and fishing) — value us$ in Iceland was 1,202 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (agriculture, forestry and fishing) — value us$ recorded in Iceland?
- The highest recorded value was 1,223 million USD in 2022.
- What is the lowest value added (agriculture, forestry and fishing) — value us$ recorded in Iceland?
- The lowest recorded value was 52.52 million USD in 1970.
- How does Iceland rank for value added (agriculture, forestry and fishing) — value us$?
- Iceland ranks 149th out of 233 countries with data for 2024.
- Is value added (agriculture, forestry and fishing) — value us$ rising or falling in Iceland?
- Over the last ten years it is up 27.7%. The long-run trend across the full record is volatile.
- 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 US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).