Gross capital formation (current LCU) in Iceland
Iceland: Gross capital formation (current LCU) was 1.32 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
1.32 trillion current LCU
Change on year
up 9.6%
World rank
63rd
of 187 countries
All-time high
1.32 trillion current LCU
in 2025
All-time low
128.89 million current LCU
in 1970
Years of data
56
1970–2025
Gross capital formation in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Iceland is 1.32 trillion current LCU, measured in 2025. That is the highest value across all 56 years on record.
The figure is up 9.6% on the previous year and up 193.8% over ten years.
Over the whole period, gross capital formation in Iceland peaked at 1.32 trillion current LCU in 2025 and was at its lowest, 128.89 million current LCU, in 1970.
Iceland ranks 63rd 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) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 128.89 million current LCU | — |
| 1971 | 219.34 million current LCU | +70.2% |
| 1972 | 234.90 million current LCU | +7.1% |
| 1973 | 374.97 million current LCU | +59.6% |
| 1974 | 612.74 million current LCU | +63.4% |
| 1975 | 854.01 million current LCU | +39.4% |
| 1976 | 974.33 million current LCU | +14.1% |
| 1977 | 1.47 billion current LCU | +50.7% |
| 1978 | 1.88 billion current LCU | +28.0% |
| 1979 | 2.81 billion current LCU | +49.3% |
| 1980 | 4.89 billion current LCU | +74.0% |
| 1981 | 7.53 billion current LCU | +54.1% |
| 1982 | 12.36 billion current LCU | +64.3% |
| 1983 | 16.08 billion current LCU | +30.1% |
| 1984 | 23.42 billion current LCU | +45.6% |
| 1985 | 28.64 billion current LCU | +22.3% |
| 1986 | 33.65 billion current LCU | +17.5% |
| 1987 | 49.21 billion current LCU | +46.2% |
| 1988 | 60.92 billion current LCU | +23.8% |
| 1989 | 67.73 billion current LCU | +11.2% |
| 1990 | 79.64 billion current LCU | +17.6% |
| 1991 | 90.90 billion current LCU | +14.1% |
| 1992 | 82.12 billion current LCU | -9.7% |
| 1993 | 79.14 billion current LCU | -3.6% |
| 1994 | 79.63 billion current LCU | +0.6% |
| 1995 | 83.83 billion current LCU | +5.3% |
| 1996 | 102.51 billion current LCU | +22.3% |
| 1997 | 116.87 billion current LCU | +14.0% |
| 1998 | 156.06 billion current LCU | +33.5% |
| 1999 | 153.14 billion current LCU | -1.9% |
| 2000 | 176.91 billion current LCU | +15.5% |
| 2001 | 183.73 billion current LCU | +3.9% |
| 2002 | 168.39 billion current LCU | -8.3% |
| 2003 | 187.41 billion current LCU | +11.3% |
| 2004 | 241.08 billion current LCU | +28.6% |
| 2005 | 314.59 billion current LCU | +30.5% |
| 2006 | 446.12 billion current LCU | +41.8% |
| 2007 | 417.09 billion current LCU | -6.5% |
| 2008 | 415.46 billion current LCU | -0.4% |
| 2009 | 241.44 billion current LCU | -41.9% |
| 2010 | 235.44 billion current LCU | -2.5% |
| 2011 | 273.36 billion current LCU | +16.1% |
| 2012 | 297.02 billion current LCU | +8.7% |
| 2013 | 297.93 billion current LCU | +0.3% |
| 2014 | 359.89 billion current LCU | +20.8% |
| 2015 | 448.17 billion current LCU | +24.5% |
| 2016 | 530.21 billion current LCU | +18.3% |
| 2017 | 577.66 billion current LCU | +9.0% |
| 2018 | 641.26 billion current LCU | +11.0% |
| 2019 | 618.92 billion current LCU | -3.5% |
| 2020 | 628.02 billion current LCU | +1.5% |
| 2021 | 760.25 billion current LCU | +21.1% |
| 2022 | 956.85 billion current LCU | +25.9% |
| 2023 | 1.11 trillion current LCU | +16.2% |
| 2024 | 1.20 trillion current LCU | +8.1% |
| 2025 | 1.32 trillion current LCU | +9.6% |
Iceland compared with similar countries
- Iceland's 1.32 trillion current LCU is above the median for high income countries, which is 146.46 billion current LCU, 9.0× the median. (67 countries reporting)
- Iceland's 1.32 trillion current LCU is above the median for Europe & Central Asia, which is 155.88 billion current LCU, 8.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 955.47 million current LCU | 128.89 million current LCU | 2.81 billion current LCU | 10 |
| 1980s | 30.44 billion current LCU | 4.89 billion current LCU | 67.73 billion current LCU | 10 |
| 1990s | 102.38 billion current LCU | 79.14 billion current LCU | 156.06 billion current LCU | 10 |
| 2000s | 279.22 billion current LCU | 168.39 billion current LCU | 446.12 billion current LCU | 10 |
| 2010s | 427.99 billion current LCU | 235.44 billion current LCU | 641.26 billion current LCU | 10 |
| 2020s | 995.90 billion current LCU | 628.02 billion current LCU | 1.32 trillion current LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Iceland?
- Gross capital formation in Iceland was 1.32 trillion current LCU 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 1.32 trillion current LCU in 2025.
- What is the lowest gross capital formation recorded in Iceland?
- The lowest recorded value was 128.89 million current LCU in 1970.
- How does Iceland rank for gross capital formation?
- Iceland ranks 63rd out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Iceland?
- Over the last ten years it is up 193.8%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.