Iceland vs Western Europe: Gross Fixed Capital Formation — Value US$, annual growth rate
Iceland
13.2 % change on previous year
in 2024
Western Europe
0.7042 % change on previous year
in 2024
Iceland rank
29th
Western Europe rank
26th
Gross Fixed Capital Formation — Value US$, annual growth rate over time
- Iceland
- Western Europe
How they compare
Iceland currently reports 13.2 % change on previous year against 0.7042 % change on previous year in Western Europe, a difference of 12.5 % change on previous year.
That makes Iceland's figure about 18.7 times Western Europe's.
The two have swapped places 20 times across 54 shared years of data; in 1971 it was Iceland ahead.
Iceland ranks 29th and Western Europe ranks 26th of 235 countries.
Across the 6 decades both report, Iceland averaged higher in 5 and Western Europe in 1.
Head to head by decade
| Decade | Iceland | Western Europe | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 21.9 % change on previous year | 15.93 % change on previous year | 5.97 % change on previous year | Iceland |
| 1980s | 6.18 % change on previous year | 5.92 % change on previous year | 0.2613 % change on previous year | Iceland |
| 1990s | 6.81 % change on previous year | 4.17 % change on previous year | 2.63 % change on previous year | Iceland |
| 2000s | 4.87 % change on previous year | 5.44 % change on previous year | 0.5706 % change on previous year | Western Europe |
| 2010s | 10.51 % change on previous year | 1.77 % change on previous year | 8.74 % change on previous year | Iceland |
| 2020s | 11.54 % change on previous year | 3.49 % change on previous year | 8.05 % change on previous year | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value us$, annual growth rate, Iceland or Western Europe?
- Iceland, at 13.2 % change on previous year against 0.7042 % change on previous year in Western Europe as of 2024.
- What is the difference in gross fixed capital formation — value us$, annual growth rate between Iceland and Western Europe?
- 12.5 % change on previous year, with Iceland ahead.
- How many years of comparable data are there for Iceland and Western Europe?
- 54 years are reported by both, from 1971 to 2024.
- How do Iceland and Western Europe rank globally for gross fixed capital formation — value us$, annual growth rate?
- Iceland ranks 29th and Western Europe ranks 26th of 235 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross Fixed Capital Formation — Value US$, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.