Gross capital formation in Iceland
Iceland: Gross capital formation was 5.9% in 2025. ◆ Volatile
Gross capital formation in Iceland, 1971–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2025, gross capital formation in Iceland stood at 5.9%.
The figure is up 143.1% on the previous year and down 71.7% over ten years.
Over the whole period, gross capital formation in Iceland peaked at 70.6% in 1971 and was at its lowest, -50.3%, in 2009.
Iceland ranks 68th of 168 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.
Gross capital formation in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 70.6% | — |
| 1972 | -23.4% | -133.1% |
| 1973 | 32.8% | -240.2% |
| 1974 | 23.3% | -29.0% |
| 1975 | -5.2% | -122.5% |
| 1976 | -21.7% | +314.5% |
| 1977 | 28.3% | -230.3% |
| 1978 | -13.3% | -147.0% |
| 1979 | 3.5% | -126.5% |
| 1980 | 14.3% | +304.9% |
| 1981 | 6.6% | -53.6% |
| 1982 | 10.8% | +62.6% |
| 1983 | -39.5% | -467.4% |
| 1984 | 39.1% | -199.0% |
| 1985 | -11.8% | -130.0% |
| 1986 | -9.7% | -17.4% |
| 1987 | 31.4% | -423.3% |
| 1988 | 11.8% | -62.5% |
| 1989 | -16.2% | -237.9% |
| 1990 | -0.4% | -97.4% |
| 1991 | 12.6% | -3087.0% |
| 1992 | -13.3% | -205.2% |
| 1993 | -2.6% | -80.5% |
| 1994 | -7.2% | +178.9% |
| 1995 | 7.4% | -202.5% |
| 1996 | 17.9% | +142.1% |
| 1997 | 11.2% | -37.4% |
| 1998 | 31.3% | +178.5% |
| 1999 | -3.8% | -112.1% |
| 2000 | 13.1% | -445.4% |
| 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 | 6.1% | -60.4% |
| 2024 | 2.4% | -60.6% |
| 2025 | 5.9% | +143.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.5% | -23.4% | 70.6% | 9 |
| 1980s | 3.7% | -39.5% | 39.1% | 10 |
| 1990s | 5.3% | -13.3% | 31.3% | 10 |
| 2000s | 0.8% | -50.3% | 30.2% | 10 |
| 2010s | 7.5% | -9.1% | 20.8% | 10 |
| 2020s | 6.6% | -4.8% | 15.5% | 6 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Iceland?
- Gross capital formation in Iceland was 5.9% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Iceland?
- The highest recorded value was 70.6% in 1971.
- What is the lowest gross capital formation recorded in Iceland?
- The lowest recorded value was -50.3% in 2009.
- How does Iceland rank for gross capital formation?
- Iceland ranks 68th out of 168 countries with data for 2025.
- Is gross capital formation rising or falling in Iceland?
- Over the last ten years it is down 71.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.