Food — Gross Production Value in Iceland

Iceland: Food — Gross Production Value was 260,922 1000 USD in 2024. ▲ Rising

Latest (2024)
260,922 1000 USD
Change on year
down 0.1%
World rank
129th
of 149 countries
All-time high
270,515 1000 USD
in 2019
All-time low
154,185 1000 USD
in 1969
Years of data
64
1961–2024

Food — Gross Production Value in Iceland, 1961–2024

0100.0k200.0k300.0k196119922024

Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.

Analysis

The most recent figure for food — gross production value in Iceland is 260,922 1000 USD, measured in 2024.

The figure is down 0.1% on the previous year and up 8.8% over ten years.

Over the whole period, food — gross production value in Iceland peaked at 270,515 1000 USD in 2019 and was at its lowest, 154,185 1000 USD, in 1969.

Iceland ranks 129th of 149 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 64 years of available data.

Food — Gross Production Value in Iceland, year by year

Annual values for Food — Gross Production Value (constant 2014-2016 thousand US$) in Iceland, 1961 to 2024.
Year 1000 USD Change
1961 155,498 1000 USD
1962 161,237 1000 USD +3.7%
1963 159,514 1000 USD -1.1%
1964 158,399 1000 USD -0.7%
1965 170,101 1000 USD +7.4%
1966 157,946 1000 USD -7.1%
1967 167,211 1000 USD +5.9%
1968 158,219 1000 USD -5.4%
1969 154,185 1000 USD -2.5%
1970 155,785 1000 USD +1.0%
1971 160,892 1000 USD +3.3%
1972 168,231 1000 USD +4.6%
1973 173,709 1000 USD +3.3%
1974 186,006 1000 USD +7.1%
1975 183,969 1000 USD -1.1%
1976 181,958 1000 USD -1.1%
1977 184,971 1000 USD +1.7%
1978 199,494 1000 USD +7.9%
1979 196,542 1000 USD -1.5%
1980 187,979 1000 USD -4.4%
1981 184,966 1000 USD -1.6%
1982 186,729 1000 USD +1.0%
1983 179,870 1000 USD -3.7%
1984 192,648 1000 USD +7.1%
1985 194,069 1000 USD +0.7%
1986 202,565 1000 USD +4.4%
1987 195,193 1000 USD -3.6%
1988 171,244 1000 USD -12.3%
1989 161,519 1000 USD -5.7%
1990 163,582 1000 USD +1.3%
1991 173,653 1000 USD +6.2%
1992 167,269 1000 USD -3.7%
1993 159,752 1000 USD -4.5%
1994 167,112 1000 USD +4.6%
1995 162,959 1000 USD -2.5%
1996 165,520 1000 USD +1.6%
1997 165,335 1000 USD -0.1%
1998 173,178 1000 USD +4.7%
1999 178,084 1000 USD +2.8%
2000 185,365 1000 USD +4.1%
2001 189,127 1000 USD +2.0%
2002 192,665 1000 USD +1.9%
2003 198,561 1000 USD +3.1%
2004 200,948 1000 USD +1.2%
2005 203,219 1000 USD +1.1%
2006 212,353 1000 USD +4.5%
2007 225,496 1000 USD +6.2%
2008 228,200 1000 USD +1.2%
2009 224,238 1000 USD -1.7%
2010 224,648 1000 USD +0.2%
2011 225,965 1000 USD +0.6%
2012 233,568 1000 USD +3.4%
2013 227,731 1000 USD -2.5%
2014 239,831 1000 USD +5.3%
2015 251,805 1000 USD +5.0%
2016 262,525 1000 USD +4.3%
2017 270,105 1000 USD +2.9%
2018 268,130 1000 USD -0.7%
2019 270,515 1000 USD +0.9%
2020 262,787 1000 USD -2.9%
2021 260,114 1000 USD -1.0%
2022 258,081 1000 USD -0.8%
2023 261,292 1000 USD +1.2%
2024 260,922 1000 USD -0.1%

Averages by decade

DecadeAverage LowestHighest Years
1960s 160,257 1000 USD 154,185 1000 USD 170,101 1000 USD 9
1970s 179,156 1000 USD 155,785 1000 USD 199,494 1000 USD 10
1980s 185,678 1000 USD 161,519 1000 USD 202,565 1000 USD 10
1990s 167,644 1000 USD 159,752 1000 USD 178,084 1000 USD 10
2000s 206,017 1000 USD 185,365 1000 USD 228,200 1000 USD 10
2010s 247,482 1000 USD 224,648 1000 USD 270,515 1000 USD 10
2020s 260,639 1000 USD 258,081 1000 USD 262,787 1000 USD 5

Countries ranked near Iceland

  1. 126 Trinidad and Tobago 287,917 1000 USD compare
  2. 127 Kuwait 271,445 1000 USD compare
  3. 128 Belize 265,516 1000 USD compare
  4. 130 Bhutan 221,153 1000 USD compare
  5. 131 Brunei Darussalam 207,321 1000 USD compare
  6. 132 Suriname 170,647 1000 USD compare

See the full ranking of 193 places →

More agriculture & rural data for Iceland

All data for Iceland →

Frequently asked questions

What is food — gross production value in Iceland?
Food — gross production value in Iceland was 260,922 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest food — gross production value recorded in Iceland?
The highest recorded value was 270,515 1000 USD in 2019.
What is the lowest food — gross production value recorded in Iceland?
The lowest recorded value was 154,185 1000 USD in 1969.
How does Iceland rank for food — gross production value?
Iceland ranks 129th out of 149 countries with data for 2024.
Is food — gross production value rising or falling in Iceland?
Over the last ten years it is up 8.8%. 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 Food — Gross Production Value (constant 2014-2016 thousand US$). Statizoid updates them automatically from the source API.

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Food — Gross Production Value in Iceland. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 25 August 2026, from https://agriculture.statizoid.com/stat/food-gross-production-value-constant-2014-2016-thousand-us/iceland/

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About this data

Indicator
Food — Gross Production Value (constant 2014-2016 thousand US$)
Unit
1000 USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
193 places, 11,274 data points, 1961–2024
Last refreshed

The domain provides detailed data on the value of agricultural production that is calculated by the agricultural production data and the price data at farm gate. Thus, the value of production measures the agricultural production in monetary terms at the farm gate level.