ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Iceland
Iceland: ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) was 128,536 USD in 2024. ▲ Rising
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Iceland recorded 128,536 USD for ilo - modelled estimates; faostat - value added (2015 us$) in 2024.
Compared with earlier readings it is down 4.3% on the previous year and up 24.0% over ten years.
Over the whole period, ilo - modelled estimates; faostat - value added (2015 us$) in Iceland peaked at 134,285 USD in 2023 and was at its lowest, 64,137 USD, in 2000.
That places Iceland 5th out of 168 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) in Iceland, year by year
| Year | USD | Change |
|---|---|---|
| 1991 | 69,911 USD | — |
| 1992 | 68,081 USD | -2.6% |
| 1993 | 82,229 USD | +20.8% |
| 1994 | 78,580 USD | -4.4% |
| 1995 | 70,640 USD | -10.1% |
| 1996 | 69,855 USD | -1.1% |
| 1997 | 75,126 USD | +7.5% |
| 1998 | 73,256 USD | -2.5% |
| 1999 | 66,472 USD | -9.3% |
| 2000 | 64,137 USD | -3.5% |
| 2001 | 72,474 USD | +13.0% |
| 2002 | 78,786 USD | +8.7% |
| 2003 | 80,009 USD | +1.6% |
| 2004 | 91,613 USD | +14.5% |
| 2005 | 85,518 USD | -6.7% |
| 2006 | 82,348 USD | -3.7% |
| 2007 | 83,156 USD | +1.0% |
| 2008 | 108,552 USD | +30.5% |
| 2009 | 110,956 USD | +2.2% |
| 2010 | 86,382 USD | -22.1% |
| 2011 | 82,598 USD | -4.4% |
| 2012 | 88,830 USD | +7.5% |
| 2013 | 110,323 USD | +24.2% |
| 2014 | 103,696 USD | -6.0% |
| 2015 | 112,437 USD | +8.4% |
| 2016 | 119,126 USD | +5.9% |
| 2017 | 120,742 USD | +1.4% |
| 2018 | 117,624 USD | -2.6% |
| 2019 | 127,462 USD | +8.4% |
| 2020 | 119,805 USD | -6.0% |
| 2021 | 129,424 USD | +8.0% |
| 2022 | 130,002 USD | +0.4% |
| 2023 | 134,285 USD | +3.3% |
| 2024 | 128,536 USD | -4.3% |
Iceland compared with similar countries
- Iceland's 128,536 USD is above the median for high income countries, which is 39,120 USD, 3.3× the median. (52 countries reporting)
- Iceland's 128,536 USD is above the median for Europe & Central Asia, which is 20,513 USD, 6.3× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72,683 USD | 66,472 USD | 82,229 USD | 9 |
| 2000s | 85,755 USD | 64,137 USD | 110,956 USD | 10 |
| 2010s | 106,922 USD | 82,598 USD | 127,462 USD | 10 |
| 2020s | 128,410 USD | 119,805 USD | 134,285 USD | 5 |
Countries ranked near Iceland
- 2 Australia 140,977 USD compare
- 2 Cabo Verde 4,359 USD compare
- 2 Iran (Islamic Republic of) 13,950 USD compare
- 3 Côte d'Ivoire 2,037 USD compare
- 3 Israel 132,662 USD compare
- 3 Syrian Arab Republic 5,573 USD compare
- 4 Canada 132,599 USD compare
- 4 Venezuela (Bolivarian Republic of) 4,403 USD compare
- 5 Viet Nam 3,189 USD compare
- 6 Bolivia (Plurinational State of) 2,965 USD compare
- 6 Malta 91,508 USD compare
- 7 French Polynesia 88,729 USD compare
- 7 Lao People's Democratic Republic 1,290 USD compare
- 8 Netherlands (Kingdom of the) 85,215 USD compare
- 8 Timor-Leste 1,190 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 ilo - modelled estimates; faostat - value added (2015 us$) in Iceland?
- Ilo - modelled estimates; faostat - value added (2015 us$) in Iceland was 128,536 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Iceland?
- The highest recorded value was 134,285 USD in 2023.
- What is the lowest ilo - modelled estimates; faostat - value added (2015 us$) recorded in Iceland?
- The lowest recorded value was 64,137 USD in 2000.
- How does Iceland rank for ilo - modelled estimates; faostat - value added (2015 us$)?
- Iceland ranks 5th out of 168 countries with data for 2024.
- Is ilo - modelled estimates; faostat - value added (2015 us$) rising or falling in Iceland?
- Over the last ten years it is up 24.0%. 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 ILO - Modelled Estimates; FAOSTAT - Value added (2015 US$) — Agriculture value added per worker (constant 2015 US$) — Value. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Employment indicators domain focuses on indicators related to employment in agrifood systems and rural areas. The update is performed yearly, using data from the International Labour Organization (ILO) database that contains a rich set of indicators from a wide range of topics related to labour statistics. The indicators published in FAOSTAT are derived from the labour force statistics (LFS) and rural and urban labour markets (RURURB) databases of the ILOSTAT database. In addition, the ILO modelled estimates and projections (ILOEST) are used to provide information on employment in agriculture. FAOSTAT also publishes indicators on employment in agrifood systems (AFS) from 2000 at the national, regional, and global levels, using a methodology developed by the FAO to estimate the number of people employed within these systems.