Value Added (Agriculture) — Value Standard Local Currency, 2015 prices in Iceland
Iceland: Value Added (Agriculture) — Value Standard Local Currency, 2015 prices was 26,792 million SLC in 2022. ▲ Rising
Value Added (Agriculture) — Value Standard Local Currency, 2015 prices in Iceland, 1995–2022
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Iceland recorded 26,792 million SLC for value added (agriculture) — value standard local currency, 2015 prices in 2022.
Compared with earlier readings it is up 7.6% on the previous year and up 51.7% over ten years.
Over the whole period, value added (agriculture) — value standard local currency, 2015 prices in Iceland peaked at 29,094 million SLC in 2018 and was at its lowest, 15,432 million SLC, in 1997.
That places Iceland 35th out of 79 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Value Added (Agriculture) — Value Standard Local Currency, 2015 prices in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 18,122 million SLC | — |
| 1996 | 17,995 million SLC | -0.7% |
| 1997 | 15,432 million SLC | -14.2% |
| 1998 | 18,279 million SLC | +18.5% |
| 1999 | 19,056 million SLC | +4.2% |
| 2000 | 20,059 million SLC | +5.3% |
| 2001 | 15,715 million SLC | -21.7% |
| 2002 | 16,186 million SLC | +3.0% |
| 2003 | 20,592 million SLC | +27.2% |
| 2004 | 21,390 million SLC | +3.9% |
| 2005 | 22,439 million SLC | +4.9% |
| 2006 | 20,634 million SLC | -8.0% |
| 2007 | 23,376 million SLC | +13.3% |
| 2008 | 24,601 million SLC | +5.2% |
| 2009 | 21,794 million SLC | -11.4% |
| 2010 | 16,350 million SLC | -25.0% |
| 2011 | 16,143 million SLC | -1.3% |
| 2012 | 17,657 million SLC | +9.4% |
| 2013 | 21,473 million SLC | +21.6% |
| 2014 | 21,429 million SLC | -0.2% |
| 2015 | 21,941 million SLC | +2.4% |
| 2016 | 24,407 million SLC | +11.2% |
| 2017 | 28,138 million SLC | +15.3% |
| 2018 | 29,094 million SLC | +3.4% |
| 2019 | 26,538 million SLC | -8.8% |
| 2020 | 24,721 million SLC | -6.8% |
| 2021 | 24,897 million SLC | +0.7% |
| 2022 | 26,792 million SLC | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,776 million SLC | 15,432 million SLC | 19,056 million SLC | 5 |
| 2000s | 20,679 million SLC | 15,715 million SLC | 24,601 million SLC | 10 |
| 2010s | 22,317 million SLC | 16,143 million SLC | 29,094 million SLC | 10 |
| 2020s | 25,470 million SLC | 24,721 million SLC | 26,792 million SLC | 3 |
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)
- Agriculture share gdp 3.65 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 3.65 (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is value added (agriculture) — value standard local currency, 2015 prices in Iceland?
- Value added (agriculture) — value standard local currency, 2015 prices in Iceland was 26,792 million SLC in 2022, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (agriculture) — value standard local currency, 2015 prices recorded in Iceland?
- The highest recorded value was 29,094 million SLC in 2018.
- What is the lowest value added (agriculture) — value standard local currency, 2015 prices recorded in Iceland?
- The lowest recorded value was 15,432 million SLC in 1997.
- How does Iceland rank for value added (agriculture) — value standard local currency, 2015 prices?
- Iceland ranks 35th out of 79 countries with data for 2022.
- Is value added (agriculture) — value standard local currency, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 51.7%. 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 Value Added (Agriculture) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).