Annual growth of the gross capital formation in Iceland
Iceland: Annual growth of the gross capital formation was 3.4% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Iceland stood at 3.4%.
The figure is down 28.8% on the previous year and down 83.5% over ten years.
Over the whole period, annual growth of the gross capital formation in Iceland peaked at 30.2% in 2005 and was at its lowest, -50.3%, in 2009.
That places Iceland 81st out of 174 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 13.1% | — |
| 2001 | -6.5% | -149.3% |
| 2002 | -11.7% | +81.6% |
| 2003 | 9.3% | -179.8% |
| 2004 | 26.3% | +181.5% |
| 2005 | 30.2% | +14.7% |
| 2006 | 26.6% | -11.9% |
| 2007 | -11.5% | -143.4% |
| 2008 | -17.9% | +54.9% |
| 2009 | -50.3% | +181.5% |
| 2010 | -5.5% | -89.1% |
| 2011 | 11.8% | -316.7% |
| 2012 | 5.8% | -50.9% |
| 2013 | -2.4% | -141.2% |
| 2014 | 20.7% | -961.8% |
| 2015 | 20.8% | +0.6% |
| 2016 | 18.5% | -11.0% |
| 2017 | 10.0% | -45.9% |
| 2018 | 4.7% | -52.8% |
| 2019 | -9.1% | -292.9% |
| 2020 | -4.8% | -47.1% |
| 2021 | 14.6% | -404.3% |
| 2022 | 15.5% | +5.9% |
| 2023 | 4.8% | -69.1% |
| 2024 | 3.4% | -28.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8% | -50.3% | 30.2% | 10 |
| 2010s | 7.5% | -9.1% | 20.8% | 10 |
| 2020s | 6.7% | -4.8% | 15.5% | 5 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 45,300 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.4 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 100,546 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.3 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 131.34 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 12.91 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Iceland?
- Annual growth of the gross capital formation in Iceland was 3.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Iceland?
- The highest recorded value was 30.2% in 2005.
- What is the lowest annual growth of the gross capital formation recorded in Iceland?
- The lowest recorded value was -50.3% in 2009.
- How does Iceland rank for annual growth of the gross capital formation?
- Iceland ranks 81st out of 174 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Iceland?
- Over the last ten years it is down 83.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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