Iceland vs Norway: Gross fixed capital formation
Gross fixed capital formation over time
- Iceland
- Norway
How they compare
Iceland currently reports 1.32 trillion current LCU against 1.29 trillion current LCU in Norway, a difference of 31.26 billion current LCU.
The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.
Iceland ranks 62nd and Norway ranks 63rd of 180 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 | 946.57 million current LCU | 55.20 billion current LCU | 54.26 billion current LCU | Norway |
| 1980s | 30.73 billion current LCU | 146.41 billion current LCU | 115.67 billion current LCU | Norway |
| 1990s | 101.93 billion current LCU | 220.65 billion current LCU | 118.72 billion current LCU | Norway |
| 2000s | 276.77 billion current LCU | 424.72 billion current LCU | 147.95 billion current LCU | Norway |
| 2010s | 427.45 billion current LCU | 782.12 billion current LCU | 354.67 billion current LCU | Norway |
| 2020s | 991.85 billion current LCU | 1.16 trillion current LCU | 170.01 billion current LCU | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Iceland or Norway?
- Iceland, at 1.32 trillion current LCU against 1.29 trillion current LCU in Norway as of 2025.
- What is the difference in gross fixed capital formation between Iceland and Norway?
- 31.26 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 fixed capital formation?
- Iceland ranks 62nd and Norway ranks 63rd of 180 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.