Iceland vs Saudi Arabia: Gross Fixed Capital Formation — Value Standard Local Currency
Gross Fixed Capital Formation — Value Standard Local Currency over time
- Iceland
- Saudi Arabia
How they compare
Iceland currently reports 1.18 million million SLC against 1.17 million million SLC in Saudi Arabia, a difference of 16,380 million SLC.
The two have swapped places 5 times across 55 shared years of data; in 1970 it was Saudi Arabia ahead.
Iceland ranks 60th and Saudi Arabia ranks 61st of 202 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and Saudi Arabia in 5.
Head to head by decade
| Decade | Iceland | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 946.57 million SLC | 35,272 million SLC | 34,326 million SLC | Saudi Arabia |
| 1980s | 30,734 million SLC | 95,993 million SLC | 65,259 million SLC | Saudi Arabia |
| 1990s | 101,926 million SLC | 103,607 million SLC | 1,682 million SLC | Saudi Arabia |
| 2000s | 276,769 million SLC | 246,546 million SLC | 30,223 million SLC | Iceland |
| 2010s | 426,815 million SLC | 642,837 million SLC | 216,022 million SLC | Saudi Arabia |
| 2020s | 907,307 million SLC | 953,516 million SLC | 46,209 million SLC | Saudi Arabia |
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 Saudi Arabia?
- Iceland, at 1.18 million million SLC against 1.17 million million SLC in Saudi Arabia as of 2024.
- What is the difference in gross fixed capital formation — value standard local currency between Iceland and Saudi Arabia?
- 16,380 million SLC, with Iceland ahead.
- How many years of comparable data are there for Iceland and Saudi Arabia?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and Saudi Arabia rank globally for gross fixed capital formation — value standard local currency?
- Iceland ranks 60th and Saudi Arabia ranks 61st 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).