Adjusted savings: consumption of fixed capital in Iceland
Iceland: Adjusted savings: consumption of fixed capital was 17.2% in 2021. ▼ Falling
Adjusted savings: consumption of fixed capital in Iceland, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: consumption of fixed capital in Iceland is 17.2%, measured in 2021.
Compared with earlier readings it is up 4.0% on the previous year and down 15.5% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Iceland peaked at 23.4% in 2009 and was at its lowest, 12.7%, in 1998.
Iceland ranks 48th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Adjusted savings: consumption of fixed capital in Iceland, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 22.3% | — |
| 1971 | 19.7% | -11.7% |
| 1972 | 20.2% | +2.5% |
| 1973 | 21.4% | +5.9% |
| 1974 | 20.3% | -5.1% |
| 1975 | 23.3% | +15.1% |
| 1976 | 21.7% | -7.0% |
| 1977 | 19.8% | -8.8% |
| 1978 | 19.9% | +0.4% |
| 1979 | 20.3% | +2.2% |
| 1980 | 20.1% | -1.3% |
| 1981 | 20.5% | +2.1% |
| 1982 | 21.7% | +6.0% |
| 1983 | 23.2% | +6.9% |
| 1984 | 21.8% | -5.9% |
| 1985 | 21.5% | -1.4% |
| 1986 | 20.4% | -5.1% |
| 1987 | 18.4% | -9.9% |
| 1988 | 18.5% | +0.7% |
| 1989 | 19.8% | +6.6% |
| 1990 | 19.8% | +0.2% |
| 1991 | 18.2% | -8.3% |
| 1992 | 17.7% | -2.7% |
| 1993 | 17.3% | -2.0% |
| 1994 | 16.6% | -4.1% |
| 1995 | 15.7% | -5.7% |
| 1996 | 14.4% | -7.8% |
| 1997 | 13.4% | -7.5% |
| 1998 | 12.7% | -5.0% |
| 1999 | 13.1% | +3.3% |
| 2000 | 12.9% | -2.0% |
| 2001 | 13.6% | +5.8% |
| 2002 | 13.0% | -4.5% |
| 2003 | 13.2% | +1.8% |
| 2004 | 13.0% | -1.5% |
| 2005 | 13.4% | +2.8% |
| 2006 | 15.0% | +11.7% |
| 2007 | 15.0% | +0.3% |
| 2008 | 21.0% | +39.8% |
| 2009 | 23.4% | +11.5% |
| 2010 | 22.4% | -4.2% |
| 2011 | 20.3% | -9.3% |
| 2012 | 19.6% | -3.4% |
| 2013 | 17.2% | -12.4% |
| 2014 | 16.4% | -4.8% |
| 2015 | 15.5% | -5.4% |
| 2016 | 15.6% | +0.5% |
| 2017 | 16.6% | +6.4% |
| 2018 | 17.3% | +4.6% |
| 2019 | 15.9% | -8.4% |
| 2020 | 16.5% | +4.1% |
| 2021 | 17.2% | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.9% | 19.7% | 23.3% | 10 |
| 1980s | 20.6% | 18.4% | 23.2% | 10 |
| 1990s | 15.9% | 12.7% | 19.8% | 10 |
| 2000s | 15.3% | 12.9% | 23.4% | 10 |
| 2010s | 17.7% | 15.5% | 22.4% | 10 |
| 2020s | 16.8% | 16.5% | 17.2% | 2 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Iceland?
- Adjusted savings: consumption of fixed capital in Iceland was 17.2% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Iceland?
- The highest recorded value was 23.4% in 2009.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Iceland?
- The lowest recorded value was 12.7% in 1998.
- How does Iceland rank for adjusted savings: consumption of fixed capital?
- Iceland ranks 48th out of 204 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Iceland?
- Over the last ten years it is down 15.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.