Agriculture (central government expenditure) — Value Standard Local in Iceland
Iceland: Agriculture (central government expenditure) — Value Standard Local was 23,550 million SLC in 2024. ▲ Rising
Agriculture (central government expenditure) — Value Standard Local in Iceland, 2019–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Iceland recorded 23,550 million SLC for agriculture (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 37.9% over ten years.
Iceland ranks 27th of 84 countries on this measure, in the middle of the range.
Agriculture (central government expenditure) — Value Standard Local in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 2019 | 17,076 million SLC | — |
| 2020 | 17,176 million SLC | +0.6% |
| 2021 | 19,083 million SLC | +11.1% |
| 2022 | 21,209 million SLC | +11.1% |
| 2023 | 21,398 million SLC | +0.9% |
| 2024 | 23,550 million SLC | +10.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 17,076 million SLC | 17,076 million SLC | 17,076 million SLC | 1 |
| 2020s | 20,483 million SLC | 17,176 million SLC | 23,550 million SLC | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Share of GDP from agriculture 3.7% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.7% (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is agriculture (central government expenditure) — value standard local in Iceland?
- Agriculture (central government expenditure) — value standard local in Iceland was 23,550 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest agriculture (central government expenditure) — value standard local recorded in Iceland?
- The highest recorded value was 23,550 million SLC in 2024.
- What is the lowest agriculture (central government expenditure) — value standard local recorded in Iceland?
- The lowest recorded value was 17,076 million SLC in 2019.
- How does Iceland rank for agriculture (central government expenditure) — value standard local?
- Iceland ranks 27th out of 84 countries with data for 2024.
- Is agriculture (central government expenditure) — value standard local rising or falling in Iceland?
- Over the last ten years it is up 37.9%. 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 Agriculture (central government expenditure) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 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.