Milk, Total — Gross Production Value in Iceland

Iceland: Milk, Total — Gross Production Value was 65,810 1000 Int$ in 2024. ▲ Rising

Latest (2024)
65,810 1000 Int$
Change on year
up 1.4%
World rank
130th
of 185 countries
All-time high
65,810 1000 Int$
in 2024
All-time low
41,574 1000 Int$
in 1993
Years of data
64
1961–2024

Milk, Total — Gross Production Value in Iceland, 1961–2024

020.0k40.0k60.0k196119922024

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

Analysis

In 2024, milk, total — gross production value in Iceland stood at 65,810 1000 Int$. That is the highest value across all 64 years on record.

The figure is up 1.4% on the previous year and up 18.4% over ten years.

Over the whole period, milk, total — gross production value in Iceland peaked at 65,810 1000 Int$ in 2024 and was at its lowest, 41,574 1000 Int$, in 1993.

That places Iceland 130th out of 185 countries with data for 2024, putting it in the middle of the range.

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

Milk, Total — Gross Production Value in Iceland, year by year

Annual values for Milk, Total — Gross Production Value (constant 2014-2016 thousand I$) in Iceland, 1961 to 2024.
Year 1000 Int$ Change
1961 44,944 1000 Int$
1962 47,233 1000 Int$ +5.1%
1963 49,314 1000 Int$ +4.4%
1964 51,395 1000 Int$ +4.2%
1965 53,267 1000 Int$ +3.6%
1966 49,912 1000 Int$ -6.3%
1967 50,562 1000 Int$ +1.3%
1968 49,440 1000 Int$ -2.2%
1969 46,753 1000 Int$ -5.4%
1970 48,898 1000 Int$ +4.6%
1971 50,713 1000 Int$ +3.7%
1972 52,435 1000 Int$ +3.4%
1973 53,184 1000 Int$ +1.4%
1974 54,689 1000 Int$ +2.8%
1975 52,508 1000 Int$ -4.0%
1976 52,310 1000 Int$ -0.4%
1977 54,766 1000 Int$ +4.7%
1978 55,307 1000 Int$ +1.0%
1979 53,618 1000 Int$ -3.1%
1980 50,006 1000 Int$ -6.7%
1981 47,857 1000 Int$ -4.3%
1982 49,106 1000 Int$ +2.6%
1983 49,705 1000 Int$ +1.2%
1984 50,442 1000 Int$ +1.5%
1985 52,062 1000 Int$ +3.2%
1986 51,331 1000 Int$ -1.4%
1987 49,522 1000 Int$ -3.5%
1988 47,857 1000 Int$ -3.4%
1989 44,614 1000 Int$ -6.8%
1990 47,038 1000 Int$ +5.4%
1991 47,641 1000 Int$ +1.3%
1992 47,441 1000 Int$ -0.4%
1993 41,574 1000 Int$ -12.4%
1994 43,786 1000 Int$ +5.3%
1995 44,177 1000 Int$ +0.9%
1996 43,653 1000 Int$ -1.2%
1997 43,806 1000 Int$ +0.4%
1998 43,994 1000 Int$ +0.4%
1999 44,597 1000 Int$ +1.4%
2000 43,290 1000 Int$ -2.9%
2001 44,174 1000 Int$ +2.0%
2002 46,093 1000 Int$ +4.3%
2003 45,104 1000 Int$ -2.1%
2004 46,621 1000 Int$ +3.4%
2005 45,546 1000 Int$ -2.3%
2006 48,915 1000 Int$ +7.4%
2007 52,584 1000 Int$ +7.5%
2008 52,457 1000 Int$ -0.2%
2009 52,256 1000 Int$ -0.4%
2010 51,277 1000 Int$ -1.9%
2011 51,602 1000 Int$ +0.6%
2012 52,058 1000 Int$ +0.9%
2013 51,145 1000 Int$ -1.8%
2014 55,562 1000 Int$ +8.6%
2015 60,772 1000 Int$ +9.4%
2016 62,557 1000 Int$ +2.9%
2017 64,774 1000 Int$ +3.5%
2018 65,327 1000 Int$ +0.9%
2019 65,084 1000 Int$ -0.4%
2020 64,709 1000 Int$ -0.6%
2021 63,794 1000 Int$ -1.4%
2022 63,424 1000 Int$ -0.6%
2023 64,909 1000 Int$ +2.3%
2024 65,810 1000 Int$ +1.4%

Averages by decade

DecadeAverage LowestHighest Years
1960s 49,202 1000 Int$ 44,944 1000 Int$ 53,267 1000 Int$ 9
1970s 52,843 1000 Int$ 48,898 1000 Int$ 55,307 1000 Int$ 10
1980s 49,250 1000 Int$ 44,614 1000 Int$ 52,062 1000 Int$ 10
1990s 44,771 1000 Int$ 41,574 1000 Int$ 47,641 1000 Int$ 10
2000s 47,704 1000 Int$ 43,290 1000 Int$ 52,584 1000 Int$ 10
2010s 58,016 1000 Int$ 51,145 1000 Int$ 65,327 1000 Int$ 10
2020s 64,529 1000 Int$ 63,424 1000 Int$ 65,810 1000 Int$ 5

Countries ranked near Iceland

  1. 127 Montenegro 69,110 1000 Int$ compare
  2. 128 Oman 68,667 1000 Int$ compare
  3. 129 Eritrea 65,926 1000 Int$ compare
  4. 131 Sierra Leone 63,790 1000 Int$ compare
  5. 132 Namibia 46,194 1000 Int$ compare
  6. 133 Burundi 45,060 1000 Int$ compare

See the full ranking of 232 places →

More agriculture & rural data for Iceland

All data for Iceland →

Frequently asked questions

What is milk, total — gross production value in Iceland?
Milk, total — gross production value in Iceland was 65,810 1000 Int$ in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest milk, total — gross production value recorded in Iceland?
The highest recorded value was 65,810 1000 Int$ in 2024.
What is the lowest milk, total — gross production value recorded in Iceland?
The lowest recorded value was 41,574 1000 Int$ in 1993.
How does Iceland rank for milk, total — gross production value?
Iceland ranks 130th out of 185 countries with data for 2024.
Is milk, total — gross production value rising or falling in Iceland?
Over the last ten years it is up 18.4%. 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 Milk, Total — Gross Production Value (constant 2014-2016 thousand I$). Statizoid updates them automatically from the source API.

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Milk, Total — Gross Production Value in Iceland. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 24 August 2026, from https://agriculture.statizoid.com/stat/milk-total-gross-production-value-constant-2014-2016-thousand-i/iceland/

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About this data

Indicator
Milk, Total — Gross Production Value (constant 2014-2016 thousand I$)
Unit
1000 Int$
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
232 places, 13,360 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.