Food and Accommodation Away From Home (FAAFH) — Wholesale and retail in Iceland
Iceland: Food and Accommodation Away From Home (FAAFH) — Wholesale and retail was 26.73 million USD in 2015. ▼ Falling
Food and Accommodation Away From Home (FAAFH) — Wholesale and retail in Iceland, 2005–2015
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Iceland recorded 26.73 million USD for food and accommodation away from home (faafh) — wholesale and retail in 2015.
That represents a change of down 6.5% on the previous year and down 19.7% over ten years.
Over the whole period, food and accommodation away from home (faafh) — wholesale and retail in Iceland peaked at 43.49 million USD in 2007 and was at its lowest, 18.71 million USD, in 2010.
That places Iceland 62nd out of 64 countries with data for 2015, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Food and Accommodation Away From Home (FAAFH) — Wholesale and retail in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 2005 | 33.28 million USD | — |
| 2006 | 32.3 million USD | -2.9% |
| 2007 | 43.49 million USD | +34.6% |
| 2008 | 31.55 million USD | -27.5% |
| 2009 | 20.61 million USD | -34.7% |
| 2010 | 18.71 million USD | -9.3% |
| 2011 | 19.49 million USD | +4.2% |
| 2012 | 19.5 million USD | +0.0% |
| 2013 | 23.22 million USD | +19.1% |
| 2014 | 28.58 million USD | +23.1% |
| 2015 | 26.73 million USD | -6.5% |
Iceland compared with similar countries
- Iceland's 26.73 million USD is below the median for high income countries, which is 399.88 million USD, 7% of the median. (38 countries reporting)
- Iceland's 26.73 million USD is below the median for Europe & Central Asia, which is 385.18 million USD, 7% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.25 million USD | 20.61 million USD | 43.49 million USD | 5 |
| 2010s | 22.7 million USD | 18.71 million USD | 28.58 million USD | 6 |
Countries ranked near Iceland
- 59 Estonia 37.84 million USD compare
- 60 Cambodia 37.68 million USD compare
- 61 Lithuania 27.09 million USD compare
- 63 Luxembourg 22.5 million USD compare
- 64 Brunei Darussalam 2.06 million USD compare
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 food and accommodation away from home (faafh) — wholesale and retail in Iceland?
- Food and accommodation away from home (faafh) — wholesale and retail in Iceland was 26.73 million USD in 2015, according to Food and Agriculture Organization of the United Nations.
- What is the highest food and accommodation away from home (faafh) — wholesale and retail recorded in Iceland?
- The highest recorded value was 43.49 million USD in 2007.
- What is the lowest food and accommodation away from home (faafh) — wholesale and retail recorded in Iceland?
- The lowest recorded value was 18.71 million USD in 2010.
- How does Iceland rank for food and accommodation away from home (faafh) — wholesale and retail?
- Iceland ranks 62nd out of 64 countries with data for 2015.
- Is food and accommodation away from home (faafh) — wholesale and retail rising or falling in Iceland?
- Over the last ten years it is down 19.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Food and Accommodation Away From Home (FAAFH) — Wholesale and retail trade — Primary Factors Total — Value US$. Statizoid updates them automatically from the source API.
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About this data
This domain contains data on three food value measures, namely: (1) Food At Home (FAH); (2) Food and Tobacco at Home (FTAH); (3) Food and Accommodation Away From Home (FAAFH), disaggregated by four primary factors (Operating Surplus, Labor, Taxes, Imports) and by five food value chain industries (Agriculture, Forestry and Fishing; Manufacture of food, beverages and tobacco products; Transportation and storage; Wholesale and retail trade; Accommodation and food service activities). The three food value measures differ for the bundle of goods and services they account for. In particular, the FAH refers to domestic expenditures of personal consumption for food consumed at home, at purchaser prices. The FTAH measure is similar in its target, but it refers to a broader set of economic goods, inclusive of tobacco, as food and tobacco expenditures are not always separable in the original data. On the other side, the FAAFH refers to domestic expenditures of personal consumption for food consumed away from home (e.g. in restaurants), at purchaser prices, and it also includes expenditures for accommodation in all the cases where the two types of expenditures were not separable in the original data. The values of industry decomposition measure the food production value-added distribution across different industries and factors involved in the agri-food value chain. All these estimates are based on Leontief Input Ouput modeling and Industry reduction method. The Food Value Chain domain aims to supply informaiton relevant for the SDG 12 - sustainable consumption and production patterns, SDG 2 - zero hunger and SDG 1 - no poverty, that constitue guiding SDGs in the FAO Strategic Framework 2022-2031 and its better production pillar. More in general they may inform national, regional and global food policy, including measures in the World Food Summit framework. Data are collected from national Supply and Use Tables (SUTs) and Industry by Industry Input Output tables (IOTs), via OECD database or NSOs. All input data are in line with the System of National Accounts (SNA) and main international classifications and standards related to environmental-economic accounting (respectively the System of Environmental-Economic Accounting for Agriculture, Forestry and Fisheries, SEEA AFF, and the International Standard Industrial Classification of All Economic Activities, ISIC).