Milk, Total — Gross Production Value in Iceland
Iceland: Milk, Total — Gross Production Value was 146,991 1000 USD in 2024. ▲ Rising
Milk, Total — Gross Production Value in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Iceland recorded 146,991 1000 USD for milk, total — gross production value in 2024. That is the highest value across all 34 years on record.
The figure is up 8.0% on the previous year and up 75.6% over ten years.
Over the whole period, milk, total — gross production value in Iceland peaked at 146,991 1000 USD in 2024 and was at its lowest, 67,843 1000 USD, in 2009.
That places Iceland 102nd out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Milk, Total — Gross Production Value in Iceland, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 94,052 1000 USD | — |
| 1992 | 98,936 1000 USD | +5.2% |
| 1993 | 75,047 1000 USD | -24.1% |
| 1994 | 75,243 1000 USD | +0.3% |
| 1995 | 83,001 1000 USD | +10.3% |
| 1996 | 76,790 1000 USD | -7.5% |
| 1997 | 77,941 1000 USD | +1.5% |
| 1998 | 88,177 1000 USD | +13.1% |
| 1999 | 91,661 1000 USD | +4.0% |
| 2000 | 87,953 1000 USD | -4.0% |
| 2001 | 76,911 1000 USD | -12.6% |
| 2002 | 89,758 1000 USD | +16.7% |
| 2003 | 111,409 1000 USD | +24.1% |
| 2004 | 128,866 1000 USD | +15.7% |
| 2005 | 145,083 1000 USD | +12.6% |
| 2006 | 138,778 1000 USD | -4.3% |
| 2007 | 86,224 1000 USD | -37.9% |
| 2008 | 78,184 1000 USD | -9.3% |
| 2009 | 67,843 1000 USD | -13.2% |
| 2010 | 67,938 1000 USD | +0.1% |
| 2011 | 75,807 1000 USD | +11.6% |
| 2012 | 68,896 1000 USD | -9.1% |
| 2013 | 73,652 1000 USD | +6.9% |
| 2014 | 83,721 1000 USD | +13.7% |
| 2015 | 83,049 1000 USD | -0.8% |
| 2016 | 93,348 1000 USD | +12.4% |
| 2017 | 117,451 1000 USD | +25.8% |
| 2018 | 120,977 1000 USD | +3.0% |
| 2019 | 111,835 1000 USD | -7.6% |
| 2020 | 106,164 1000 USD | -5.1% |
| 2021 | 118,046 1000 USD | +11.2% |
| 2022 | 121,825 1000 USD | +3.2% |
| 2023 | 136,047 1000 USD | +11.7% |
| 2024 | 146,991 1000 USD | +8.0% |
Iceland compared with similar countries
- Iceland's 146,991 1000 USD is below the median for high income countries, which is 980,029 1000 USD, 15% of the median. (50 countries reporting)
- Iceland's 146,991 1000 USD is below the median for Europe & Central Asia, which is 1.04 million 1000 USD, 14% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 84,539 1000 USD | 75,047 1000 USD | 98,936 1000 USD | 9 |
| 2000s | 101,101 1000 USD | 67,843 1000 USD | 145,083 1000 USD | 10 |
| 2010s | 89,667 1000 USD | 67,938 1000 USD | 120,977 1000 USD | 10 |
| 2020s | 125,815 1000 USD | 106,164 1000 USD | 146,991 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 milk, total — gross production value in Iceland?
- Milk, total — gross production value in Iceland was 146,991 1000 USD 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 146,991 1000 USD in 2024.
- What is the lowest milk, total — gross production value recorded in Iceland?
- The lowest recorded value was 67,843 1000 USD in 2009.
- How does Iceland rank for milk, total — gross production value?
- Iceland ranks 102nd out of 151 countries with data for 2024.
- Is milk, total — gross production value rising or falling in Iceland?
- Over the last ten years it is up 75.6%. 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 (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.