Agriculture value added share of GDP (%) in Iceland
Iceland: Agriculture value added share of GDP (%) was 3.6% in 2024. ▼ Falling
Agriculture value added share of GDP in Iceland, 2001–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Iceland recorded 3.6% for agriculture value added share of gdp in 2024. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 5.5% on the previous year and down 31.5% over ten years.
Over the whole period, agriculture value added share of gdp in Iceland peaked at 7.5% in 2002 and was at its lowest, 3.6%, in 2024.
Iceland ranks 129th of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Agriculture value added share of GDP (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 7.5% | — |
| 2002 | 7.5% | +0.3% |
| 2003 | 6.4% | -14.3% |
| 2004 | 5.3% | -17.8% |
| 2005 | 4.7% | -11.0% |
| 2006 | 4.8% | +1.1% |
| 2007 | 4.2% | -12.0% |
| 2008 | 4.9% | +17.0% |
| 2009 | 5.7% | +15.5% |
| 2010 | 6.3% | +11.2% |
| 2011 | 6.4% | +2.2% |
| 2012 | 6.5% | +2.0% |
| 2013 | 5.8% | -10.8% |
| 2014 | 5.3% | -9.8% |
| 2015 | 5.3% | +0.4% |
| 2016 | 4.6% | -13.6% |
| 2017 | 3.8% | -17.3% |
| 2018 | 3.9% | +3.4% |
| 2019 | 4.4% | +12.3% |
| 2020 | 4.6% | +5.7% |
| 2021 | 4.4% | -6.0% |
| 2022 | 4.2% | -2.5% |
| 2023 | 3.8% | -10.1% |
| 2024 | 3.6% | -5.5% |
Iceland compared with similar countries
- Iceland's 3.6% is above the median for high income countries, which is 1.8%, 2.0× the median. (62 countries reporting)
- Iceland's 3.6% is above the median for Europe & Central Asia, which is 2.6%, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.6% | 4.2% | 7.5% | 9 |
| 2010s | 5.2% | 3.8% | 6.5% | 10 |
| 2020s | 4.1% | 3.6% | 4.6% | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
Frequently asked questions
- What is agriculture value added share of gdp in Iceland?
- Agriculture value added share of gdp in Iceland was 3.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest agriculture value added share of gdp recorded in Iceland?
- The highest recorded value was 7.5% in 2002.
- What is the lowest agriculture value added share of gdp recorded in Iceland?
- The lowest recorded value was 3.6% in 2024.
- How does Iceland rank for agriculture value added share of gdp?
- Iceland ranks 129th out of 205 countries with data for 2024.
- Is agriculture value added share of gdp rising or falling in Iceland?
- Over the last ten years it is down 31.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Agriculture value added share of GDP (%). Statizoid updates them automatically from the source API.
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