Agriculture (general government expenditure) — Value US$, 2015 prices in Iceland
Iceland: Agriculture (general government expenditure) — Value US$, 2015 prices was 122.46 million USD in 2024. ▬ Flat
Agriculture (general government expenditure) — Value US$, 2015 prices in Iceland, 2020–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Iceland recorded 122.46 million USD for agriculture (general government expenditure) — value us$, 2015 prices in 2024.
That represents a change of up 3.9% on the previous year and up 5.6% over five years.
Iceland ranks 26th of 41 countries on this measure, in the middle of the range.
Agriculture (general government expenditure) — Value US$, 2015 prices in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 2020 | 115.98 million USD | — |
| 2021 | 121.04 million USD | +4.4% |
| 2022 | 123.27 million USD | +1.8% |
| 2023 | 117.87 million USD | -4.4% |
| 2024 | 122.46 million USD | +3.9% |
Countries ranked near Iceland
- 23 Zambia 180.26 million USD
- 24 Yemen 154.78 million USD
- 25 Ukraine 133.39 million USD compare
- 27 El Salvador 118.38 million USD compare
- 28 Madagascar 105.21 million USD
- 29 Armenia 104.74 million USD
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), 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 (general government expenditure) — value us$, 2015 prices in Iceland?
- Agriculture (general government expenditure) — value us$, 2015 prices in Iceland was 122.46 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest agriculture (general government expenditure) — value us$, 2015 prices recorded in Iceland?
- The highest recorded value was 123.27 million USD in 2022.
- What is the lowest agriculture (general government expenditure) — value us$, 2015 prices recorded in Iceland?
- The lowest recorded value was 115.98 million USD in 2020.
- How does Iceland rank for agriculture (general government expenditure) — value us$, 2015 prices?
- Iceland ranks 26th out of 41 countries with data for 2024.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Agriculture (general government expenditure) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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.