Agriculture, forestry, and fishing, value added (current LCU) in Iceland
Iceland: Agriculture, forestry, and fishing, value added (current LCU) was 181.09 billion current LCU in 2025. ▲ Rising
Agriculture, forestry, and fishing, value added in Iceland, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, agriculture, forestry, and fishing, value added in Iceland stood at 181.09 billion current LCU.
Compared with earlier readings it is up 11.7% on the previous year and up 44.1% over ten years.
Over the whole period, agriculture, forestry, and fishing, value added in Iceland peaked at 188.07 billion current LCU in 2023 and was at its lowest, 43.39 billion current LCU, in 1997.
That places Iceland 79th out of 206 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Agriculture, forestry, and fishing, value added (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 43.54 billion current LCU | — |
| 1996 | 45.53 billion current LCU | +4.6% |
| 1997 | 43.39 billion current LCU | -4.7% |
| 1998 | 48.90 billion current LCU | +12.7% |
| 1999 | 49.35 billion current LCU | +0.9% |
| 2000 | 49.50 billion current LCU | +0.3% |
| 2001 | 59.88 billion current LCU | +21.0% |
| 2002 | 63.91 billion current LCU | +6.7% |
| 2003 | 56.31 billion current LCU | -11.9% |
| 2004 | 51.23 billion current LCU | -9.0% |
| 2005 | 50.31 billion current LCU | -1.8% |
| 2006 | 58.44 billion current LCU | +16.1% |
| 2007 | 58.29 billion current LCU | -0.2% |
| 2008 | 77.76 billion current LCU | +33.4% |
| 2009 | 91.48 billion current LCU | +17.6% |
| 2010 | 107.33 billion current LCU | +17.3% |
| 2011 | 121.44 billion current LCU | +13.2% |
| 2012 | 126.88 billion current LCU | +4.5% |
| 2013 | 120.05 billion current LCU | -5.4% |
| 2014 | 110.63 billion current LCU | -7.8% |
| 2015 | 125.67 billion current LCU | +13.6% |
| 2016 | 113.89 billion current LCU | -9.4% |
| 2017 | 100.41 billion current LCU | -11.8% |
| 2018 | 120.33 billion current LCU | +19.8% |
| 2019 | 135.55 billion current LCU | +12.7% |
| 2020 | 143.01 billion current LCU | +5.5% |
| 2021 | 146.94 billion current LCU | +2.7% |
| 2022 | 166.00 billion current LCU | +13.0% |
| 2023 | 188.07 billion current LCU | +13.3% |
| 2024 | 162.14 billion current LCU | -13.8% |
| 2025 | 181.09 billion current LCU | +11.7% |
Iceland compared with similar countries
- Iceland's 181.09 billion current LCU is above the median for high income countries, which is 4.59 billion current LCU, 39.5× the median. (74 countries reporting)
- Iceland's 181.09 billion current LCU is above the median for Europe & Central Asia, which is 19.45 billion current LCU, 9.3× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.14 billion current LCU | 43.39 billion current LCU | 49.35 billion current LCU | 5 |
| 2000s | 61.71 billion current LCU | 49.50 billion current LCU | 91.48 billion current LCU | 10 |
| 2010s | 118.22 billion current LCU | 100.41 billion current LCU | 135.55 billion current LCU | 10 |
| 2020s | 164.54 billion current LCU | 143.01 billion current LCU | 188.07 billion current LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is agriculture, forestry, and fishing, value added in Iceland?
- Agriculture, forestry, and fishing, value added in Iceland was 181.09 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest agriculture, forestry, and fishing, value added recorded in Iceland?
- The highest recorded value was 188.07 billion current LCU in 2023.
- What is the lowest agriculture, forestry, and fishing, value added recorded in Iceland?
- The lowest recorded value was 43.39 billion current LCU in 1997.
- How does Iceland rank for agriculture, forestry, and fishing, value added?
- Iceland ranks 79th out of 206 countries with data for 2025.
- Is agriculture, forestry, and fishing, value added rising or falling in Iceland?
- Over the last ten years it is up 44.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Agriculture, forestry, and fishing, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.