What is the difference in gross capital formation between Iceland and Norway?

36.07 billion current LCU, with Iceland ahead.

How many years of comparable data are there for Iceland and Norway?

56 years are reported by both, from 1970 to 2025.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Norway: Gross capital formation

Iceland

1.32 trillion current LCU

in 2025

Norway

1.28 trillion current LCU

in 2025

Iceland rank

63rd

Norway rank

64th

Gross capital formation over time

Iceland
Norway

How they compare

Iceland currently reports 1.32 trillion current LCU against 1.28 trillion current LCU in Norway, a difference of 36.07 billion current LCU.

The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.

Iceland ranks 63rd and Norway ranks 64th of 186 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	955.47 million current LCU	57.36 billion current LCU	56.40 billion current LCU	Norway
1980s	30.44 billion current LCU	151.35 billion current LCU	120.91 billion current LCU	Norway
1990s	102.38 billion current LCU	227.51 billion current LCU	125.13 billion current LCU	Norway
2000s	279.22 billion current LCU	440.73 billion current LCU	161.51 billion current LCU	Norway
2010s	427.99 billion current LCU	834.20 billion current LCU	406.22 billion current LCU	Norway
2020s	995.90 billion current LCU	1.19 trillion current LCU	195.23 billion current LCU	Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross capital formation, Iceland or Norway?: Iceland, at 1.32 trillion current LCU against 1.28 trillion current LCU in Norway as of 2025.
What is the difference in gross capital formation between Iceland and Norway?: 36.07 billion current LCU, with Iceland 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 63rd and Norway ranks 64th of 186 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: Gross capital formation. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 23 August 2026, from https://economy.statizoid.com/compare/gross-capital-formation-current-lcu/iceland/norway/

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About this data

Indicator: Gross capital formation (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 186 places, 8,699 data points, 1960–2025
Last refreshed: 20 August 2026

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.