Gross capital formation (current LCU), per unit of GDP in Iceland
Iceland: Gross capital formation (current LCU), per unit of GDP was 34.13 current LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
34.13 current LCU per US$ of GDP
Change on year
down 5.7%
World rank
50th
of 187 countries
All-time high
36.21 current LCU per US$ of GDP
in 2024
All-time low
0.2364 current LCU per US$ of GDP
in 1970
Years of data
56
1970–2025
Gross capital formation (current LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2025, gross capital formation (current lcu), per unit of gdp in Iceland stood at 34.13 current LCU per US$ of GDP.
The figure is down 5.7% on the previous year and up 34.8% over ten years.
Over the whole period, gross capital formation (current lcu), per unit of gdp in Iceland peaked at 36.21 current LCU per US$ of GDP in 2024 and was at its lowest, 0.2364 current LCU per US$ of GDP, in 1970.
Iceland ranks 50th of 187 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 unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.2364 current LCU per US$ of GDP | — |
| 1971 | 0.3162 current LCU per US$ of GDP | +33.7% |
| 1972 | 0.2703 current LCU per US$ of GDP | -14.5% |
| 1973 | 0.3138 current LCU per US$ of GDP | +16.1% |
| 1974 | 0.3907 current LCU per US$ of GDP | +24.5% |
| 1975 | 0.5865 current LCU per US$ of GDP | +50.1% |
| 1976 | 0.5639 current LCU per US$ of GDP | -3.9% |
| 1977 | 0.6423 current LCU per US$ of GDP | +13.9% |
| 1978 | 0.7231 current LCU per US$ of GDP | +12.6% |
| 1979 | 0.9507 current LCU per US$ of GDP | +31.5% |
| 1980 | 1.4 current LCU per US$ of GDP | +46.8% |
| 1981 | 2.08 current LCU per US$ of GDP | +49.1% |
| 1982 | 3.73 current LCU per US$ of GDP | +78.9% |
| 1983 | 5.62 current LCU per US$ of GDP | +50.8% |
| 1984 | 7.9 current LCU per US$ of GDP | +40.6% |
| 1985 | 9.27 current LCU per US$ of GDP | +17.4% |
| 1986 | 8.15 current LCU per US$ of GDP | -12.1% |
| 1987 | 8.61 current LCU per US$ of GDP | +5.7% |
| 1988 | 9.64 current LCU per US$ of GDP | +11.9% |
| 1989 | 11.54 current LCU per US$ of GDP | +19.7% |
| 1990 | 11.9 current LCU per US$ of GDP | +3.1% |
| 1991 | 12.71 current LCU per US$ of GDP | +6.8% |
| 1992 | 11.21 current LCU per US$ of GDP | -11.8% |
| 1993 | 12.3 current LCU per US$ of GDP | +9.7% |
| 1994 | 12.04 current LCU per US$ of GDP | -2.1% |
| 1995 | 11.37 current LCU per US$ of GDP | -5.6% |
| 1996 | 13.34 current LCU per US$ of GDP | +17.3% |
| 1997 | 15.14 current LCU per US$ of GDP | +13.6% |
| 1998 | 18.07 current LCU per US$ of GDP | +19.3% |
| 1999 | 16.81 current LCU per US$ of GDP | -6.9% |
| 2000 | 19.35 current LCU per US$ of GDP | +15.1% |
| 2001 | 22.07 current LCU per US$ of GDP | +14.0% |
| 2002 | 17.88 current LCU per US$ of GDP | -19.0% |
| 2003 | 16.2 current LCU per US$ of GDP | -9.4% |
| 2004 | 17.26 current LCU per US$ of GDP | +6.5% |
| 2005 | 18.35 current LCU per US$ of GDP | +6.3% |
| 2006 | 25.24 current LCU per US$ of GDP | +37.6% |
| 2007 | 18.99 current LCU per US$ of GDP | -24.8% |
| 2008 | 22.77 current LCU per US$ of GDP | +19.9% |
| 2009 | 18.27 current LCU per US$ of GDP | -19.7% |
| 2010 | 16.91 current LCU per US$ of GDP | -7.5% |
| 2011 | 17.76 current LCU per US$ of GDP | +5.0% |
| 2012 | 19.88 current LCU per US$ of GDP | +11.9% |
| 2013 | 18.34 current LCU per US$ of GDP | -7.7% |
| 2014 | 19.94 current LCU per US$ of GDP | +8.7% |
| 2015 | 25.32 current LCU per US$ of GDP | +27.0% |
| 2016 | 25.15 current LCU per US$ of GDP | -0.7% |
| 2017 | 23.05 current LCU per US$ of GDP | -8.3% |
| 2018 | 24.04 current LCU per US$ of GDP | +4.3% |
| 2019 | 24.77 current LCU per US$ of GDP | +3.1% |
| 2020 | 28.5 current LCU per US$ of GDP | +15.1% |
| 2021 | 28.98 current LCU per US$ of GDP | +1.7% |
| 2022 | 32.8 current LCU per US$ of GDP | +13.2% |
| 2023 | 35.07 current LCU per US$ of GDP | +6.9% |
| 2024 | 36.21 current LCU per US$ of GDP | +3.2% |
| 2025 | 34.13 current LCU per US$ of GDP | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4994 current LCU per US$ of GDP | 0.2364 current LCU per US$ of GDP | 0.9507 current LCU per US$ of GDP | 10 |
| 1980s | 6.79 current LCU per US$ of GDP | 1.4 current LCU per US$ of GDP | 11.54 current LCU per US$ of GDP | 10 |
| 1990s | 13.49 current LCU per US$ of GDP | 11.21 current LCU per US$ of GDP | 18.07 current LCU per US$ of GDP | 10 |
| 2000s | 19.64 current LCU per US$ of GDP | 16.2 current LCU per US$ of GDP | 25.24 current LCU per US$ of GDP | 10 |
| 2010s | 21.51 current LCU per US$ of GDP | 16.91 current LCU per US$ of GDP | 25.32 current LCU per US$ of GDP | 10 |
| 2020s | 32.61 current LCU per US$ of GDP | 28.5 current LCU per US$ of GDP | 36.21 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 47 Pakistan 39.91 current LCU per US$ of GDP compare
- 48 Bhutan 35.64 current LCU per US$ of GDP compare
- 49 Bangladesh 34.49 current LCU per US$ of GDP compare
- 51 Yemen 33.1 current LCU per US$ of GDP compare
- 52 Vanuatu 31.08 current LCU per US$ of GDP compare
- 53 India 30.22 current LCU per US$ of GDP 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 (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- 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)
Frequently asked questions
- What is gross capital formation (current lcu), per unit of gdp in Iceland?
- Gross capital formation (current lcu), per unit of gdp in Iceland was 34.13 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 36.21 current LCU per US$ of GDP in 2024.
- What is the lowest gross capital formation (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.2364 current LCU per US$ of GDP in 1970.
- How does Iceland rank for gross capital formation (current lcu), per unit of gdp?
- Iceland ranks 50th out of 187 countries with data for 2025.
- Is gross capital formation (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 34.8%. 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current LCU) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.