Gross capital formation (current US$), per square kilometre in Iceland
Iceland: Gross capital formation (current US$), per square kilometre was 79,939 current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
79,939 current US$ per square kilometre
Change on year
up 14.0%
World rank
103rd
of 184 countries
All-time high
79,939 current US$ per square kilometre
in 2023
All-time low
1,461 current US$ per square kilometre
in 1970
Years of data
54
1970–2023
Gross capital formation (current US$), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, gross capital formation (current us$), per square kilometre in Iceland stood at 79,939 current US$ per square kilometre. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 14.0% on the previous year and up 228.6% over ten years.
Over the whole period, gross capital formation (current us$), per square kilometre in Iceland peaked at 79,939 current US$ per square kilometre in 2023 and was at its lowest, 1,461 current US$ per square kilometre, in 1970.
Iceland ranks 103rd 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 US$), per square kilometre in Iceland, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1970 | 1,461 current US$ per square kilometre | — |
| 1971 | 2,486 current US$ per square kilometre | +70.2% |
| 1972 | 2,655 current US$ per square kilometre | +6.8% |
| 1973 | 4,150 current US$ per square kilometre | +56.3% |
| 1974 | 6,115 current US$ per square kilometre | +47.4% |
| 1975 | 5,542 current US$ per square kilometre | -9.4% |
| 1976 | 5,335 current US$ per square kilometre | -3.7% |
| 1977 | 7,364 current US$ per square kilometre | +38.0% |
| 1978 | 6,917 current US$ per square kilometre | -6.1% |
| 1979 | 7,942 current US$ per square kilometre | +14.8% |
| 1980 | 10,158 current US$ per square kilometre | +27.9% |
| 1981 | 10,392 current US$ per square kilometre | +2.3% |
| 1982 | 9,985 current US$ per square kilometre | -3.9% |
| 1983 | 6,456 current US$ per square kilometre | -35.3% |
| 1984 | 7,370 current US$ per square kilometre | +14.2% |
| 1985 | 6,882 current US$ per square kilometre | -6.6% |
| 1986 | 8,165 current US$ per square kilometre | +18.6% |
| 1987 | 12,691 current US$ per square kilometre | +55.4% |
| 1988 | 14,128 current US$ per square kilometre | +11.3% |
| 1989 | 11,845 current US$ per square kilometre | -16.2% |
| 1990 | 13,631 current US$ per square kilometre | +15.1% |
| 1991 | 15,369 current US$ per square kilometre | +12.8% |
| 1992 | 14,235 current US$ per square kilometre | -7.4% |
| 1993 | 11,678 current US$ per square kilometre | -18.0% |
| 1994 | 11,356 current US$ per square kilometre | -2.8% |
| 1995 | 12,927 current US$ per square kilometre | +13.8% |
| 1996 | 15,377 current US$ per square kilometre | +19.0% |
| 1997 | 16,442 current US$ per square kilometre | +6.9% |
| 1998 | 21,939 current US$ per square kilometre | +33.4% |
| 1999 | 21,118 current US$ per square kilometre | -3.7% |
| 2000 | 22,446 current US$ per square kilometre | +6.3% |
| 2001 | 18,811 current US$ per square kilometre | -16.2% |
| 2002 | 18,325 current US$ per square kilometre | -2.6% |
| 2003 | 24,370 current US$ per square kilometre | +33.0% |
| 2004 | 34,260 current US$ per square kilometre | +40.6% |
| 2005 | 49,824 current US$ per square kilometre | +45.4% |
| 2006 | 63,409 current US$ per square kilometre | +27.3% |
| 2007 | 64,952 current US$ per square kilometre | +2.4% |
| 2008 | 47,121 current US$ per square kilometre | -27.5% |
| 2009 | 19,479 current US$ per square kilometre | -58.7% |
| 2010 | 19,212 current US$ per square kilometre | -1.4% |
| 2011 | 23,516 current US$ per square kilometre | +22.4% |
| 2012 | 23,686 current US$ per square kilometre | +0.7% |
| 2013 | 24,324 current US$ per square kilometre | +2.7% |
| 2014 | 30,744 current US$ per square kilometre | +26.4% |
| 2015 | 33,888 current US$ per square kilometre | +10.2% |
| 2016 | 43,778 current US$ per square kilometre | +29.2% |
| 2017 | 53,933 current US$ per square kilometre | +23.2% |
| 2018 | 58,724 current US$ per square kilometre | +8.9% |
| 2019 | 50,064 current US$ per square kilometre | -14.7% |
| 2020 | 45,993 current US$ per square kilometre | -8.1% |
| 2021 | 59,374 current US$ per square kilometre | +29.1% |
| 2022 | 70,149 current US$ per square kilometre | +18.1% |
| 2023 | 79,939 current US$ per square kilometre | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,997 current US$ per square kilometre | 1,461 current US$ per square kilometre | 7,942 current US$ per square kilometre | 10 |
| 1980s | 9,807 current US$ per square kilometre | 6,456 current US$ per square kilometre | 14,128 current US$ per square kilometre | 10 |
| 1990s | 15,407 current US$ per square kilometre | 11,356 current US$ per square kilometre | 21,939 current US$ per square kilometre | 10 |
| 2000s | 36,300 current US$ per square kilometre | 18,325 current US$ per square kilometre | 64,952 current US$ per square kilometre | 10 |
| 2010s | 36,187 current US$ per square kilometre | 19,212 current US$ per square kilometre | 58,724 current US$ per square kilometre | 10 |
| 2020s | 63,864 current US$ per square kilometre | 45,993 current US$ per square kilometre | 79,939 current US$ per square kilometre | 4 |
Countries ranked near Iceland
- 100 Kiribati 89,096 current US$ per square kilometre compare
- 101 Belarus 88,237 current US$ per square kilometre compare
- 102 Uzbekistan 80,597 current US$ per square kilometre compare
- 104 Uruguay 79,909 current US$ per square kilometre compare
- 105 Cambodia 79,852 current US$ per square kilometre compare
- 106 Honduras 68,123 current 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (current us$), per square kilometre in Iceland?
- Gross capital formation (current us$), per square kilometre in Iceland was 79,939 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), per square kilometre recorded in Iceland?
- The highest recorded value was 79,939 current US$ per square kilometre in 2023.
- What is the lowest gross capital formation (current us$), per square kilometre recorded in Iceland?
- The lowest recorded value was 1,461 current US$ per square kilometre in 1970.
- How does Iceland rank for gross capital formation (current us$), per square kilometre?
- Iceland ranks 103rd out of 184 countries with data for 2023.
- Is gross capital formation (current us$), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 228.6%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (current US$) 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 (current US$) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current US$) 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.