Iceland vs Norway: Gross Fixed Capital Formation — Value Standard Local Currency
Gross Fixed Capital Formation — Value Standard Local Currency over time
- Iceland
- Norway
How they compare
Norway currently reports 1.23 million million SLC against 1.18 million million SLC in Iceland, a difference of 48,670 million SLC.
Across all 55 years both countries report, Norway has been ahead every year.
Iceland ranks 60th and Norway ranks 58th of 202 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 SLC | 55,133 million SLC | 54,186 million SLC | Norway |
| 1980s | 30,734 million SLC | 146,185 million SLC | 115,451 million SLC | Norway |
| 1990s | 101,926 million SLC | 220,070 million SLC | 118,144 million SLC | Norway |
| 2000s | 276,769 million SLC | 414,433 million SLC | 137,664 million SLC | Norway |
| 2010s | 426,815 million SLC | 742,107 million SLC | 315,292 million SLC | Norway |
| 2020s | 907,307 million SLC | 1.10 million million SLC | 191,632 million SLC | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value standard local currency, Iceland or Norway?
- Norway, at 1.23 million million SLC against 1.18 million million SLC in Iceland as of 2024.
- What is the difference in gross fixed capital formation — value standard local currency between Iceland and Norway?
- 48,670 million SLC, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and Norway rank globally for gross fixed capital formation — value standard local currency?
- Iceland ranks 60th and Norway ranks 58th of 202 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).