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: World Bank – processed by Our World in Data. Measured in %.
Analysis
Iceland recorded 3.4% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it 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, -50.4%, in 2009.
Iceland ranks 77th of 167 countries on this measure, 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% | -149.4% |
| 2002 | -11.7% | +81.4% |
| 2003 | 9.3% | -179.8% |
| 2004 | 26.3% | +181.5% |
| 2005 | 30.2% | +14.7% |
| 2006 | 26.6% | -11.9% |
| 2007 | -11.6% | -143.4% |
| 2008 | -17.9% | +54.9% |
| 2009 | -50.4% | +181.4% |
| 2010 | -5.5% | -89.1% |
| 2011 | 11.8% | -316.6% |
| 2012 | 5.8% | -50.9% |
| 2013 | -2.4% | -141.2% |
| 2014 | 20.7% | -961.3% |
| 2015 | 20.8% | +0.6% |
| 2016 | 18.5% | -11.0% |
| 2017 | 10.0% | -46.0% |
| 2018 | 4.7% | -52.8% |
| 2019 | -9.1% | -292.8% |
| 2020 | -4.8% | -47.1% |
| 2021 | 14.6% | -404.4% |
| 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% | -50.4% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (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 World Bank – processed by Our World in Data.
- 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 -50.4% in 2009.
- How does Iceland rank for annual growth of the gross capital formation?
- Iceland ranks 77th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).