Results of agricultural operations 2007-2019
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Information

Unit
Millions ISK/percent
Latest update
11/23/2020
Reference time
2007-2019
Matrix
LAN1105
Footnotes

Footnotes

In this table output is shown in basic prices, i.e. including subsidies on products and excluding taxes on products. Figures for previous years have been corrected.
Value unit
Change from previous year
Change from previous year is calculated from current prices
Activity
i.e. subsidies and taxes on production of crop products
Acticity subsidies and taxes on production of crop products show direct payments after deduction of agricultural taxes.
i.e. subsidies and taxes on production of animal husbandry
Acticity subsidies and taxes on production of animal husbandry show direct payments after deduction of agricultural taxes.
Other taxes on production
A breakdown of other production taxes by industries does still not exist for the Icelandic economy. The most important taxes of this type relating to agriculture are taxes on vehicles and real estate. Due to the way these taxes are recorded in farmers accounting and the method used to estimate intermediate consumption these taxes can be assumed to be included in termediate consumption under the item other goods and services.
Interest paid
The item interest paid spikes following the economic collapse. This is due to recalculation of loan capital in 200 that is included in this number.
Entrepreneurial income
Due to a sign reversal in this item in year 2008, which is caused by changes in the item interest paid, relatice changes here make no sense and are not shown.