Iceland vs Norway: Gross capital formation
Gross capital formation over time
- Iceland
- Norway
How they compare
Norway currently reports 1.01 trillion constant LCU against 957.03 billion constant LCU in Iceland, a difference of 51.11 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
Across all 56 years both countries report, Norway has been ahead every year.
Iceland ranks 55th and Norway ranks 53rd of 169 countries.
Norway has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 234.48 billion constant LCU | 453.65 billion constant LCU | 219.16 billion constant LCU | Norway |
| 1980s | 280.12 billion constant LCU | 547.85 billion constant LCU | 267.73 billion constant LCU | Norway |
| 1990s | 317.43 billion constant LCU | 586.13 billion constant LCU | 268.70 billion constant LCU | Norway |
| 2000s | 585.01 billion constant LCU | 827.38 billion constant LCU | 242.38 billion constant LCU | Norway |
| 2010s | 508.79 billion constant LCU | 1.02 trillion constant LCU | 511.79 billion constant LCU | Norway |
| 2020s | 820.50 billion constant LCU | 1.05 trillion constant LCU | 226.43 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Iceland or Norway?
- Norway, at 1.01 trillion constant LCU against 957.03 billion constant LCU in Iceland as of 2025.
- What is the difference in gross capital formation between Iceland and Norway?
- 51.11 billion constant LCU, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 56 years are reported by both, from 1970 to 2025.
- How do Iceland and Norway rank globally for gross capital formation?
- Iceland ranks 55th and Norway ranks 53rd of 169 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.