Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Iceland
Iceland: Milk, Total — Gross Production Value (constant 2014-2016 thousand) was 0 1000 Int$ per US$ of GDP in 2024. ◆ Volatile
Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Iceland, 1961–2024
Source: Statizoid (derived). Measured in 1000 Int$ per US$ of GDP.
Analysis
In 2024, milk, total — gross production value (constant 2014-2016 thousand) in Iceland stood at 0 1000 Int$ per US$ of GDP. That is the lowest value across all 64 years on record.
Compared with earlier readings it is down 3.1% on the previous year and down 35.6% over ten years.
Over the whole period, milk, total — gross production value (constant 2014-2016 thousand) in Iceland peaked at 0.0002 1000 Int$ per US$ of GDP in 1961 and was at its lowest, 0 1000 Int$ per US$ of GDP, in 2024.
That places Iceland 107th out of 163 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Milk, Total — Gross Production Value (constant 2014-2016 thousand) in Iceland, year by year
| Year | 1000 Int$ per US$ of GDP | Change |
|---|---|---|
| 1961 | 0.0002 1000 Int$ per US$ of GDP | — |
| 1962 | 0.0002 1000 Int$ per US$ of GDP | -6.4% |
| 1963 | 0.0001 1000 Int$ per US$ of GDP | -12.5% |
| 1964 | 0.0001 1000 Int$ per US$ of GDP | -18.4% |
| 1965 | 0.0001 1000 Int$ per US$ of GDP | -14.1% |
| 1966 | 0.0001 1000 Int$ per US$ of GDP | -22.0% |
| 1967 | 0.0001 1000 Int$ per US$ of GDP | +2.6% |
| 1968 | 0.0001 1000 Int$ per US$ of GDP | +28.0% |
| 1969 | 0.0001 1000 Int$ per US$ of GDP | +8.2% |
| 1970 | 0.0001 1000 Int$ per US$ of GDP | -16.4% |
| 1971 | 0.0001 1000 Int$ per US$ of GDP | -18.5% |
| 1972 | 0.0001 1000 Int$ per US$ of GDP | -17.5% |
| 1973 | 0 1000 Int$ per US$ of GDP | -26.2% |
| 1974 | 0 1000 Int$ per US$ of GDP | -21.7% |
| 1975 | 0 1000 Int$ per US$ of GDP | +3.4% |
| 1976 | 0 1000 Int$ per US$ of GDP | -16.0% |
| 1977 | 0 1000 Int$ per US$ of GDP | -20.9% |
| 1978 | 0 1000 Int$ per US$ of GDP | -11.2% |
| 1979 | 0 1000 Int$ per US$ of GDP | -14.7% |
| 1980 | 0 1000 Int$ per US$ of GDP | -21.3% |
| 1981 | 0 1000 Int$ per US$ of GDP | -7.4% |
| 1982 | 0 1000 Int$ per US$ of GDP | +11.8% |
| 1983 | 0 1000 Int$ per US$ of GDP | +17.3% |
| 1984 | 0 1000 Int$ per US$ of GDP | -2.0% |
| 1985 | 0 1000 Int$ per US$ of GDP | -0.9% |
| 1986 | 0 1000 Int$ per US$ of GDP | -26.3% |
| 1987 | 0 1000 Int$ per US$ of GDP | -30.3% |
| 1988 | 0 1000 Int$ per US$ of GDP | -12.6% |
| 1989 | 0 1000 Int$ per US$ of GDP | +0.4% |
| 1990 | 0 1000 Int$ per US$ of GDP | -7.5% |
| 1991 | 0 1000 Int$ per US$ of GDP | -5.2% |
| 1992 | 0 1000 Int$ per US$ of GDP | -2.8% |
| 1993 | 0 1000 Int$ per US$ of GDP | -0.2% |
| 1994 | 0 1000 Int$ per US$ of GDP | +2.5% |
| 1995 | 0 1000 Int$ per US$ of GDP | -9.5% |
| 1996 | 0 1000 Int$ per US$ of GDP | -5.2% |
| 1997 | 0 1000 Int$ per US$ of GDP | -0.0% |
| 1998 | 0 1000 Int$ per US$ of GDP | -10.3% |
| 1999 | 0 1000 Int$ per US$ of GDP | -3.9% |
| 2000 | 0 1000 Int$ per US$ of GDP | -3.3% |
| 2001 | 0 1000 Int$ per US$ of GDP | +12.1% |
| 2002 | 0 1000 Int$ per US$ of GDP | -7.8% |
| 2003 | 0 1000 Int$ per US$ of GDP | -20.3% |
| 2004 | 0 1000 Int$ per US$ of GDP | -14.4% |
| 2005 | 0 1000 Int$ per US$ of GDP | -20.4% |
| 2006 | 0 1000 Int$ per US$ of GDP | +4.2% |
| 2007 | 0 1000 Int$ per US$ of GDP | -13.5% |
| 2008 | 0 1000 Int$ per US$ of GDP | +20.1% |
| 2009 | 0 1000 Int$ per US$ of GDP | +37.6% |
| 2010 | 0 1000 Int$ per US$ of GDP | -6.9% |
| 2011 | 0 1000 Int$ per US$ of GDP | -9.0% |
| 2012 | 0 1000 Int$ per US$ of GDP | +3.9% |
| 2013 | 0 1000 Int$ per US$ of GDP | -9.6% |
| 2014 | 0 1000 Int$ per US$ of GDP | -2.2% |
| 2015 | 0 1000 Int$ per US$ of GDP | +11.6% |
| 2016 | 0 1000 Int$ per US$ of GDP | -13.6% |
| 2017 | 0 1000 Int$ per US$ of GDP | -12.9% |
| 2018 | 0 1000 Int$ per US$ of GDP | -5.3% |
| 2019 | 0 1000 Int$ per US$ of GDP | +6.4% |
| 2020 | 0 1000 Int$ per US$ of GDP | +12.7% |
| 2021 | 0 1000 Int$ per US$ of GDP | -17.2% |
| 2022 | 0 1000 Int$ per US$ of GDP | -10.6% |
| 2023 | 0 1000 Int$ per US$ of GDP | -5.8% |
| 2024 | 0 1000 Int$ per US$ of GDP | -3.1% |
Iceland compared with similar countries
- Iceland's 0 1000 Int$ per US$ of GDP is below the median for high income countries, which is 0 1000 Int$ per US$ of GDP, 92% of the median. (54 countries reporting)
- Iceland's 0 1000 Int$ per US$ of GDP is below the median for Europe & Central Asia, which is 0 1000 Int$ per US$ of GDP, 40% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0001 1000 Int$ per US$ of GDP | 0.0001 1000 Int$ per US$ of GDP | 0.0002 1000 Int$ per US$ of GDP | 9 |
| 1970s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0.0001 1000 Int$ per US$ of GDP | 10 |
| 1980s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 10 |
| 1990s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 10 |
| 2000s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 10 |
| 2010s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 10 |
| 2020s | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 0 1000 Int$ per US$ of GDP | 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 milk, total — gross production value (constant 2014-2016 thousand) in Iceland?
- Milk, total — gross production value (constant 2014-2016 thousand) in Iceland was 0 1000 Int$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest milk, total — gross production value (constant 2014-2016 thousand) recorded in Iceland?
- The highest recorded value was 0.0002 1000 Int$ per US$ of GDP in 1961.
- What is the lowest milk, total — gross production value (constant 2014-2016 thousand) recorded in Iceland?
- The lowest recorded value was 0 1000 Int$ per US$ of GDP in 2024.
- How does Iceland rank for milk, total — gross production value (constant 2014-2016 thousand)?
- Iceland ranks 107th out of 163 countries with data for 2024.
- Is milk, total — gross production value (constant 2014-2016 thousand) rising or falling in Iceland?
- Over the last ten years it is down 35.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Milk, Total — Gross Production Value (constant 2014-2016 thousand I$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) ÷ GDP (current US$)
Computed from
- Milk, Total — Gross Production Value Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.