Gross capital formation (constant 2015 US$), per square kilometre in Iceland
Iceland: Gross capital formation (constant 2015 US$), per square kilometre was 55,929 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Latest (2023)
55,929 constant 2015 US$ per square kilometre
Change on year
up 6.1%
World rank
99th
of 160 countries
All-time high
59,030 constant 2015 US$ per square kilometre
in 2006
All-time low
8,722 constant 2015 US$ per square kilometre
in 1970
Years of data
54
1970–2023
Gross capital formation (constant 2015 US$), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
The most recent figure for gross capital formation (constant 2015 us$), per square kilometre in Iceland is 55,929 constant 2015 US$ per square kilometre, measured in 2023.
The figure is up 6.1% on the previous year and up 140.6% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), per square kilometre in Iceland peaked at 59,030 constant 2015 US$ per square kilometre in 2006 and was at its lowest, 8,722 constant 2015 US$ per square kilometre, in 1970.
Iceland ranks 99th of 160 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross capital formation (constant 2015 US$), per square kilometre in Iceland, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1970 | 8,722 constant 2015 US$ per square kilometre | — |
| 1971 | 14,884 constant 2015 US$ per square kilometre | +70.6% |
| 1972 | 11,401 constant 2015 US$ per square kilometre | -23.4% |
| 1973 | 15,141 constant 2015 US$ per square kilometre | +32.8% |
| 1974 | 18,665 constant 2015 US$ per square kilometre | +23.3% |
| 1975 | 17,687 constant 2015 US$ per square kilometre | -5.2% |
| 1976 | 13,845 constant 2015 US$ per square kilometre | -21.7% |
| 1977 | 17,762 constant 2015 US$ per square kilometre | +28.3% |
| 1978 | 15,402 constant 2015 US$ per square kilometre | -13.3% |
| 1979 | 15,944 constant 2015 US$ per square kilometre | +3.5% |
| 1980 | 18,218 constant 2015 US$ per square kilometre | +14.3% |
| 1981 | 19,423 constant 2015 US$ per square kilometre | +6.6% |
| 1982 | 21,512 constant 2015 US$ per square kilometre | +10.8% |
| 1983 | 13,011 constant 2015 US$ per square kilometre | -39.5% |
| 1984 | 18,102 constant 2015 US$ per square kilometre | +39.1% |
| 1985 | 15,974 constant 2015 US$ per square kilometre | -11.8% |
| 1986 | 14,422 constant 2015 US$ per square kilometre | -9.7% |
| 1987 | 18,952 constant 2015 US$ per square kilometre | +31.4% |
| 1988 | 21,182 constant 2015 US$ per square kilometre | +11.8% |
| 1989 | 17,743 constant 2015 US$ per square kilometre | -16.2% |
| 1990 | 17,668 constant 2015 US$ per square kilometre | -0.4% |
| 1991 | 19,899 constant 2015 US$ per square kilometre | +12.6% |
| 1992 | 17,257 constant 2015 US$ per square kilometre | -13.3% |
| 1993 | 16,810 constant 2015 US$ per square kilometre | -2.6% |
| 1994 | 15,595 constant 2015 US$ per square kilometre | -7.2% |
| 1995 | 16,750 constant 2015 US$ per square kilometre | +7.4% |
| 1996 | 19,755 constant 2015 US$ per square kilometre | +17.9% |
| 1997 | 21,975 constant 2015 US$ per square kilometre | +11.2% |
| 1998 | 28,853 constant 2015 US$ per square kilometre | +31.3% |
| 1999 | 27,759 constant 2015 US$ per square kilometre | -3.8% |
| 2000 | 31,393 constant 2015 US$ per square kilometre | +13.1% |
| 2001 | 29,367 constant 2015 US$ per square kilometre | -6.5% |
| 2002 | 25,925 constant 2015 US$ per square kilometre | -11.7% |
| 2003 | 28,348 constant 2015 US$ per square kilometre | +9.3% |
| 2004 | 35,810 constant 2015 US$ per square kilometre | +26.3% |
| 2005 | 46,623 constant 2015 US$ per square kilometre | +30.2% |
| 2006 | 59,030 constant 2015 US$ per square kilometre | +26.6% |
| 2007 | 52,213 constant 2015 US$ per square kilometre | -11.5% |
| 2008 | 42,873 constant 2015 US$ per square kilometre | -17.9% |
| 2009 | 21,288 constant 2015 US$ per square kilometre | -50.3% |
| 2010 | 20,125 constant 2015 US$ per square kilometre | -5.5% |
| 2011 | 22,508 constant 2015 US$ per square kilometre | +11.8% |
| 2012 | 23,819 constant 2015 US$ per square kilometre | +5.8% |
| 2013 | 23,247 constant 2015 US$ per square kilometre | -2.4% |
| 2014 | 28,054 constant 2015 US$ per square kilometre | +20.7% |
| 2015 | 33,888 constant 2015 US$ per square kilometre | +20.8% |
| 2016 | 40,160 constant 2015 US$ per square kilometre | +18.5% |
| 2017 | 44,177 constant 2015 US$ per square kilometre | +10.0% |
| 2018 | 45,995 constant 2015 US$ per square kilometre | +4.1% |
| 2019 | 41,810 constant 2015 US$ per square kilometre | -9.1% |
| 2020 | 39,798 constant 2015 US$ per square kilometre | -4.8% |
| 2021 | 45,625 constant 2015 US$ per square kilometre | +14.6% |
| 2022 | 52,696 constant 2015 US$ per square kilometre | +15.5% |
| 2023 | 55,929 constant 2015 US$ per square kilometre | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14,945 constant 2015 US$ per square kilometre | 8,722 constant 2015 US$ per square kilometre | 18,665 constant 2015 US$ per square kilometre | 10 |
| 1980s | 17,854 constant 2015 US$ per square kilometre | 13,011 constant 2015 US$ per square kilometre | 21,512 constant 2015 US$ per square kilometre | 10 |
| 1990s | 20,232 constant 2015 US$ per square kilometre | 15,595 constant 2015 US$ per square kilometre | 28,853 constant 2015 US$ per square kilometre | 10 |
| 2000s | 37,287 constant 2015 US$ per square kilometre | 21,288 constant 2015 US$ per square kilometre | 59,030 constant 2015 US$ per square kilometre | 10 |
| 2010s | 32,378 constant 2015 US$ per square kilometre | 20,125 constant 2015 US$ per square kilometre | 45,995 constant 2015 US$ per square kilometre | 10 |
| 2020s | 48,512 constant 2015 US$ per square kilometre | 39,798 constant 2015 US$ per square kilometre | 55,929 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Iceland
- 96 Uganda 61,989 constant 2015 US$ per square kilometre compare
- 97 Senegal 60,884 constant 2015 US$ per square kilometre compare
- 98 Iraq 56,260 constant 2015 US$ per square kilometre compare
- 100 Colombia 54,703 constant 2015 US$ per square kilometre compare
- 101 Ghana 53,985 constant 2015 US$ per square kilometre compare
- 102 Egypt 49,923 constant 2015 US$ per square kilometre compare
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 capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 15,584 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 12.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4237 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 41,663 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.9 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 54.43 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), per square kilometre in Iceland?
- Gross capital formation (constant 2015 us$), per square kilometre in Iceland was 55,929 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), per square kilometre recorded in Iceland?
- The highest recorded value was 59,030 constant 2015 US$ per square kilometre in 2006.
- What is the lowest gross capital formation (constant 2015 us$), per square kilometre recorded in Iceland?
- The lowest recorded value was 8,722 constant 2015 US$ per square kilometre in 1970.
- How does Iceland rank for gross capital formation (constant 2015 us$), per square kilometre?
- Iceland ranks 99th out of 160 countries with data for 2023.
- Is gross capital formation (constant 2015 us$), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 140.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant 2015 US$) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.