Milk production, per unit of GDP in Iceland

Iceland: Milk production, per unit of GDP was 0 tonnes per US$ of GDP in 2024. ◆ Volatile

Latest (2024)
0 tonnes per US$ of GDP
Change on year
down 3.1%
World rank
115th
of 183 countries
All-time high
0.0004 tonnes per US$ of GDP
in 1961
All-time low
0 tonnes per US$ of GDP
in 2024
Years of data
64
1961–2024

Milk production, per unit of GDP in Iceland, 1961–2024

00000196119922024

Source: Statizoid (derived). Measured in tonnes per US$ of GDP.

Analysis

In 2024, milk production, per unit of gdp in Iceland stood at 0 tonnes per US$ of GDP. That is the lowest value across all 64 years on record.

The figure is down 3.1% on the previous year and down 35.6% over ten years.

Over the whole period, milk production, per unit of gdp in Iceland peaked at 0.0004 tonnes per US$ of GDP in 1961 and was at its lowest, 0 tonnes per US$ of GDP, in 2024.

Iceland ranks 115th of 183 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Milk production, per unit of GDP in Iceland, year by year

Annual values for Milk production, per unit of GDP in Iceland, 1961 to 2024.
Year tonnes per US$ of GDP Change
1961 0.0004 tonnes per US$ of GDP
1962 0.0004 tonnes per US$ of GDP -6.4%
1963 0.0003 tonnes per US$ of GDP -12.5%
1964 0.0003 tonnes per US$ of GDP -18.4%
1965 0.0002 tonnes per US$ of GDP -14.1%
1966 0.0002 tonnes per US$ of GDP -22.0%
1967 0.0002 tonnes per US$ of GDP +2.6%
1968 0.0002 tonnes per US$ of GDP +28.0%
1969 0.0003 tonnes per US$ of GDP +8.2%
1970 0.0002 tonnes per US$ of GDP -16.4%
1971 0.0002 tonnes per US$ of GDP -18.5%
1972 0.0001 tonnes per US$ of GDP -17.5%
1973 0.0001 tonnes per US$ of GDP -26.2%
1974 0.0001 tonnes per US$ of GDP -21.7%
1975 0.0001 tonnes per US$ of GDP +3.4%
1976 0.0001 tonnes per US$ of GDP -16.0%
1977 0.0001 tonnes per US$ of GDP -20.9%
1978 0.0001 tonnes per US$ of GDP -11.2%
1979 0 tonnes per US$ of GDP -14.7%
1980 0 tonnes per US$ of GDP -21.3%
1981 0 tonnes per US$ of GDP -7.4%
1982 0 tonnes per US$ of GDP +11.8%
1983 0 tonnes per US$ of GDP +17.3%
1984 0 tonnes per US$ of GDP -2.0%
1985 0 tonnes per US$ of GDP -0.9%
1986 0 tonnes per US$ of GDP -26.3%
1987 0 tonnes per US$ of GDP -30.3%
1988 0 tonnes per US$ of GDP -12.6%
1989 0 tonnes per US$ of GDP +0.4%
1990 0 tonnes per US$ of GDP -7.5%
1991 0 tonnes per US$ of GDP -5.2%
1992 0 tonnes per US$ of GDP -2.8%
1993 0 tonnes per US$ of GDP -0.2%
1994 0 tonnes per US$ of GDP +2.5%
1995 0 tonnes per US$ of GDP -9.5%
1996 0 tonnes per US$ of GDP -5.2%
1997 0 tonnes per US$ of GDP -0.0%
1998 0 tonnes per US$ of GDP -10.3%
1999 0 tonnes per US$ of GDP -3.9%
2000 0 tonnes per US$ of GDP -3.3%
2001 0 tonnes per US$ of GDP +12.1%
2002 0 tonnes per US$ of GDP -7.8%
2003 0 tonnes per US$ of GDP -20.3%
2004 0 tonnes per US$ of GDP -14.4%
2005 0 tonnes per US$ of GDP -20.4%
2006 0 tonnes per US$ of GDP +4.2%
2007 0 tonnes per US$ of GDP -13.5%
2008 0 tonnes per US$ of GDP +20.1%
2009 0 tonnes per US$ of GDP +37.6%
2010 0 tonnes per US$ of GDP -6.9%
2011 0 tonnes per US$ of GDP -9.0%
2012 0 tonnes per US$ of GDP +3.9%
2013 0 tonnes per US$ of GDP -9.6%
2014 0 tonnes per US$ of GDP -2.2%
2015 0 tonnes per US$ of GDP +11.6%
2016 0 tonnes per US$ of GDP -13.6%
2017 0 tonnes per US$ of GDP -12.9%
2018 0 tonnes per US$ of GDP -5.3%
2019 0 tonnes per US$ of GDP +6.4%
2020 0 tonnes per US$ of GDP +12.7%
2021 0 tonnes per US$ of GDP -17.2%
2022 0 tonnes per US$ of GDP -10.6%
2023 0 tonnes per US$ of GDP -5.8%
2024 0 tonnes per US$ of GDP -3.1%

Iceland compared with similar countries

  • Iceland's 0 tonnes per US$ of GDP is below the median for high income countries, which is 0 tonnes per US$ of GDP, 97% of the median. (61 countries reporting)
  • Iceland's 0 tonnes per US$ of GDP is below the median for Europe & Central Asia, which is 0 tonnes per US$ of GDP, 39% of the median. (49 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 0.0003 tonnes per US$ of GDP 0.0002 tonnes per US$ of GDP 0.0004 tonnes per US$ of GDP 9
1970s 0.0001 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0.0002 tonnes per US$ of GDP 10
1980s 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 10
1990s 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 10
2000s 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 10
2010s 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 10
2020s 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 0 tonnes per US$ of GDP 5

Countries ranked near Iceland

  1. 112 Spain 0 tonnes per US$ of GDP compare
  2. 113 Australia 0 tonnes per US$ of GDP compare
  3. 114 Guatemala 0 tonnes per US$ of GDP compare
  4. 116 Libya 0 tonnes per US$ of GDP compare
  5. 117 Sweden 0 tonnes per US$ of GDP compare
  6. 118 Canada 0 tonnes per US$ of GDP compare

See the full ranking of 183 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is milk production, per unit of gdp in Iceland?
Milk production, per unit of gdp in Iceland was 0 tonnes per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest milk production, per unit of gdp recorded in Iceland?
The highest recorded value was 0.0004 tonnes per US$ of GDP in 1961.
What is the lowest milk production, per unit of gdp recorded in Iceland?
The lowest recorded value was 0 tonnes per US$ of GDP in 2024.
How does Iceland rank for milk production, per unit of gdp?
Iceland ranks 115th out of 183 countries with data for 2024.
Is milk production, per unit of gdp rising or falling in Iceland?
Over the last ten years it is down 35.6%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Statizoid (derived), published as part of Milk production, per unit of GDP. Statizoid updates them automatically from the source API.

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Milk production, per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/milk-production-per-unit-of-gdp/iceland/

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How this figure is calculated

Milk production divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Milk production ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Milk production, per unit of GDP
Unit
tonnes per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
183 places, 9,952 data points, 1961–2024
Last refreshed

Milk production divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.