Iceland vs Norway: Gross fixed capital formation
Gross fixed capital formation over time
- Iceland
- Norway
How they compare
Norway currently reports 1.03 trillion constant LCU against 966.24 billion constant LCU in Iceland, a difference of 62.84 billion constant LCU.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 56 shared years of data; in 1970 it was Norway ahead.
Iceland ranks 55th and Norway ranks 53rd of 167 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 | 231.55 billion constant LCU | 342.62 billion constant LCU | 111.07 billion constant LCU | Norway |
| 1980s | 285.51 billion constant LCU | 415.99 billion constant LCU | 130.48 billion constant LCU | Norway |
| 1990s | 315.33 billion constant LCU | 438.75 billion constant LCU | 123.41 billion constant LCU | Norway |
| 2000s | 572.01 billion constant LCU | 658.59 billion constant LCU | 86.58 billion constant LCU | Norway |
| 2010s | 502.80 billion constant LCU | 893.96 billion constant LCU | 391.16 billion constant LCU | Norway |
| 2020s | 820.98 billion constant LCU | 1.03 trillion constant LCU | 209.68 billion constant LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Iceland or Norway?
- Norway, at 1.03 trillion constant LCU against 966.24 billion constant LCU in Iceland as of 2025.
- What is the difference in gross fixed capital formation between Iceland and Norway?
- 62.84 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 fixed capital formation?
- Iceland ranks 55th and Norway ranks 53rd of 167 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed 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 fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.