Food — Gross Production Value in Iceland
Iceland: Food — Gross Production Value was 354,850 1000 USD in 2024. ▲ Rising
Food — Gross Production Value in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Iceland recorded 354,850 1000 USD for food — gross production value in 2024. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 42.7% over ten years.
Over the whole period, food — gross production value in Iceland peaked at 354,850 1000 USD in 2024 and was at its lowest, 154,090 1000 USD, in 2001.
Iceland ranks 130th of 168 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Food — Gross Production Value in Iceland, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 224,185 1000 USD | — |
| 1992 | 226,135 1000 USD | +0.9% |
| 1993 | 186,345 1000 USD | -17.6% |
| 1994 | 180,029 1000 USD | -3.4% |
| 1995 | 197,107 1000 USD | +9.5% |
| 1996 | 185,456 1000 USD | -5.9% |
| 1997 | 181,346 1000 USD | -2.2% |
| 1998 | 167,210 1000 USD | -7.8% |
| 1999 | 186,811 1000 USD | +11.7% |
| 2000 | 176,918 1000 USD | -5.3% |
| 2001 | 154,090 1000 USD | -12.9% |
| 2002 | 167,655 1000 USD | +8.8% |
| 2003 | 203,130 1000 USD | +21.2% |
| 2004 | 238,097 1000 USD | +17.2% |
| 2005 | 287,816 1000 USD | +20.9% |
| 2006 | 276,487 1000 USD | -3.9% |
| 2007 | 252,276 1000 USD | -8.8% |
| 2008 | 222,477 1000 USD | -11.8% |
| 2009 | 172,165 1000 USD | -22.6% |
| 2010 | 180,008 1000 USD | +4.6% |
| 2011 | 206,890 1000 USD | +14.9% |
| 2012 | 205,544 1000 USD | -0.7% |
| 2013 | 214,253 1000 USD | +4.2% |
| 2014 | 248,630 1000 USD | +16.0% |
| 2015 | 236,080 1000 USD | -5.0% |
| 2016 | 269,527 1000 USD | +14.2% |
| 2017 | 301,001 1000 USD | +11.7% |
| 2018 | 281,216 1000 USD | -6.6% |
| 2019 | 264,064 1000 USD | -6.1% |
| 2020 | 245,304 1000 USD | -7.1% |
| 2021 | 278,450 1000 USD | +13.5% |
| 2022 | 296,319 1000 USD | +6.4% |
| 2023 | 332,057 1000 USD | +12.1% |
| 2024 | 354,850 1000 USD | +6.9% |
Iceland compared with similar countries
- Iceland's 354,850 1000 USD is below the median for high income countries, which is 3.67 million 1000 USD, 10% of the median. (54 countries reporting)
- Iceland's 354,850 1000 USD is below the median for Europe & Central Asia, which is 5.76 million 1000 USD, 6% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 192,736 1000 USD | 167,210 1000 USD | 226,135 1000 USD | 9 |
| 2000s | 215,111 1000 USD | 154,090 1000 USD | 287,816 1000 USD | 10 |
| 2010s | 240,721 1000 USD | 180,008 1000 USD | 301,001 1000 USD | 10 |
| 2020s | 301,396 1000 USD | 245,304 1000 USD | 354,850 1000 USD | 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 food — gross production value in Iceland?
- Food — gross production value in Iceland was 354,850 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 354,850 1000 USD in 2024.
- What is the lowest food — gross production value recorded in Iceland?
- The lowest recorded value was 154,090 1000 USD in 2001.
- How does Iceland rank for food — gross production value?
- Iceland ranks 130th out of 168 countries with data for 2024.
- Is food — gross production value rising or falling in Iceland?
- Over the last ten years it is up 42.7%. 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 (current thousand US$). Statizoid updates them automatically from the source API.
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About this data
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.