Gross capital formation (current LCU), per square kilometre in Iceland
Iceland: Gross capital formation (current LCU), per square kilometre was 11.03 million current LCU per square kilometre in 2023. ◆ Volatile
Latest (2023)
11.03 million current LCU per square kilometre
Change on year
up 16.2%
World rank
62nd
of 184 countries
All-time high
11.03 million current LCU per square kilometre
in 2023
All-time low
1,286 current LCU per square kilometre
in 1970
Years of data
54
1970–2023
Gross capital formation (current LCU), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
In 2023, gross capital formation (current lcu), per square kilometre in Iceland stood at 11.03 million current LCU per square kilometre. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 16.2% on the previous year and up 271.0% over ten years.
Over the whole period, gross capital formation (current lcu), per square kilometre in Iceland peaked at 11.03 million current LCU per square kilometre in 2023 and was at its lowest, 1,286 current LCU per square kilometre, in 1970.
Iceland ranks 62nd of 184 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 (current LCU), per square kilometre in Iceland, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1970 | 1,286 current LCU per square kilometre | — |
| 1971 | 2,188 current LCU per square kilometre | +70.2% |
| 1972 | 2,343 current LCU per square kilometre | +7.1% |
| 1973 | 3,740 current LCU per square kilometre | +59.6% |
| 1974 | 6,112 current LCU per square kilometre | +63.4% |
| 1975 | 8,519 current LCU per square kilometre | +39.4% |
| 1976 | 9,719 current LCU per square kilometre | +14.1% |
| 1977 | 14,645 current LCU per square kilometre | +50.7% |
| 1978 | 18,752 current LCU per square kilometre | +28.0% |
| 1979 | 28,005 current LCU per square kilometre | +49.3% |
| 1980 | 48,732 current LCU per square kilometre | +74.0% |
| 1981 | 75,073 current LCU per square kilometre | +54.1% |
| 1982 | 123,327 current LCU per square kilometre | +64.3% |
| 1983 | 160,388 current LCU per square kilometre | +30.1% |
| 1984 | 233,586 current LCU per square kilometre | +45.6% |
| 1985 | 285,657 current LCU per square kilometre | +22.3% |
| 1986 | 335,627 current LCU per square kilometre | +17.5% |
| 1987 | 490,844 current LCU per square kilometre | +46.2% |
| 1988 | 607,708 current LCU per square kilometre | +23.8% |
| 1989 | 675,651 current LCU per square kilometre | +11.2% |
| 1990 | 794,459 current LCU per square kilometre | +17.6% |
| 1991 | 906,712 current LCU per square kilometre | +14.1% |
| 1992 | 819,151 current LCU per square kilometre | -9.7% |
| 1993 | 789,441 current LCU per square kilometre | -3.6% |
| 1994 | 794,267 current LCU per square kilometre | +0.6% |
| 1995 | 836,246 current LCU per square kilometre | +5.3% |
| 1996 | 1.02 million current LCU per square kilometre | +22.3% |
| 1997 | 1.17 million current LCU per square kilometre | +14.0% |
| 1998 | 1.56 million current LCU per square kilometre | +33.5% |
| 1999 | 1.53 million current LCU per square kilometre | -1.9% |
| 2000 | 1.76 million current LCU per square kilometre | +15.5% |
| 2001 | 1.83 million current LCU per square kilometre | +3.9% |
| 2002 | 1.68 million current LCU per square kilometre | -8.3% |
| 2003 | 1.87 million current LCU per square kilometre | +11.3% |
| 2004 | 2.40 million current LCU per square kilometre | +28.6% |
| 2005 | 3.14 million current LCU per square kilometre | +30.5% |
| 2006 | 4.45 million current LCU per square kilometre | +41.8% |
| 2007 | 4.16 million current LCU per square kilometre | -6.5% |
| 2008 | 4.14 million current LCU per square kilometre | -0.4% |
| 2009 | 2.41 million current LCU per square kilometre | -41.9% |
| 2010 | 2.35 million current LCU per square kilometre | -2.5% |
| 2011 | 2.73 million current LCU per square kilometre | +16.1% |
| 2012 | 2.96 million current LCU per square kilometre | +8.7% |
| 2013 | 2.97 million current LCU per square kilometre | +0.3% |
| 2014 | 3.59 million current LCU per square kilometre | +20.8% |
| 2015 | 4.47 million current LCU per square kilometre | +24.5% |
| 2016 | 5.29 million current LCU per square kilometre | +18.3% |
| 2017 | 5.76 million current LCU per square kilometre | +9.0% |
| 2018 | 6.36 million current LCU per square kilometre | +10.4% |
| 2019 | 6.14 million current LCU per square kilometre | -3.5% |
| 2020 | 6.23 million current LCU per square kilometre | +1.5% |
| 2021 | 7.54 million current LCU per square kilometre | +21.1% |
| 2022 | 9.49 million current LCU per square kilometre | +25.9% |
| 2023 | 11.03 million current LCU per square kilometre | +16.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,531 current LCU per square kilometre | 1,286 current LCU per square kilometre | 28,005 current LCU per square kilometre | 10 |
| 1980s | 303,659 current LCU per square kilometre | 48,732 current LCU per square kilometre | 675,651 current LCU per square kilometre | 10 |
| 1990s | 1.02 million current LCU per square kilometre | 789,441 current LCU per square kilometre | 1.56 million current LCU per square kilometre | 10 |
| 2000s | 2.79 million current LCU per square kilometre | 1.68 million current LCU per square kilometre | 4.45 million current LCU per square kilometre | 10 |
| 2010s | 4.26 million current LCU per square kilometre | 2.35 million current LCU per square kilometre | 6.36 million current LCU per square kilometre | 10 |
| 2020s | 8.57 million current LCU per square kilometre | 6.23 million current LCU per square kilometre | 11.03 million current LCU per square kilometre | 4 |
Countries ranked near Iceland
- 59 Cameroon 12.08 million current LCU per square kilometre compare
- 60 Guinea-Bissau 11.73 million current LCU per square kilometre compare
- 61 Nepal 11.66 million current LCU per square kilometre compare
- 63 North Macedonia 10.61 million current LCU per square kilometre compare
- 64 Burkina Faso 9.03 million current LCU per square kilometre compare
- 65 Gabon 8.25 million current LCU 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation (current lcu), per square kilometre in Iceland?
- Gross capital formation (current lcu), per square kilometre in Iceland was 11.03 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per square kilometre recorded in Iceland?
- The highest recorded value was 11.03 million current LCU per square kilometre in 2023.
- What is the lowest gross capital formation (current lcu), per square kilometre recorded in Iceland?
- The lowest recorded value was 1,286 current LCU per square kilometre in 1970.
- How does Iceland rank for gross capital formation (current lcu), per square kilometre?
- Iceland ranks 62nd out of 184 countries with data for 2023.
- Is gross capital formation (current lcu), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 271.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (current LCU), 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 (current LCU) 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 (current LCU) ÷ 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 (current LCU) 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.