Gross capital formation (current US$) in Iceland
Iceland: Gross capital formation (current US$) was 10.25 billion current US$ in 2025. ◆ Volatile
Latest (2025)
10.25 billion current US$
Change on year
up 17.7%
World rank
94th
of 187 countries
All-time high
10.25 billion current US$
in 2025
All-time low
146.47 million current US$
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 US$.
Analysis
The most recent figure for gross capital formation in Iceland is 10.25 billion current US$, measured in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 17.7% on the previous year and up 201.8% over ten years.
Over the whole period, gross capital formation in Iceland peaked at 10.25 billion current US$ in 2025 and was at its lowest, 146.47 million current US$, in 1970.
Iceland ranks 94th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 146.47 million current US$ | — |
| 1971 | 249.25 million current US$ | +70.2% |
| 1972 | 266.14 million current US$ | +6.8% |
| 1973 | 416.03 million current US$ | +56.3% |
| 1974 | 613.05 million current US$ | +47.4% |
| 1975 | 555.63 million current US$ | -9.4% |
| 1976 | 534.84 million current US$ | -3.7% |
| 1977 | 738.24 million current US$ | +38.0% |
| 1978 | 693.40 million current US$ | -6.1% |
| 1979 | 796.23 million current US$ | +14.8% |
| 1980 | 1.02 billion current US$ | +27.9% |
| 1981 | 1.04 billion current US$ | +2.3% |
| 1982 | 1.00 billion current US$ | -3.9% |
| 1983 | 647.23 million current US$ | -35.3% |
| 1984 | 738.85 million current US$ | +14.2% |
| 1985 | 689.92 million current US$ | -6.6% |
| 1986 | 818.57 million current US$ | +18.6% |
| 1987 | 1.27 billion current US$ | +55.4% |
| 1988 | 1.42 billion current US$ | +11.3% |
| 1989 | 1.19 billion current US$ | -16.2% |
| 1990 | 1.37 billion current US$ | +15.1% |
| 1991 | 1.54 billion current US$ | +12.8% |
| 1992 | 1.43 billion current US$ | -7.4% |
| 1993 | 1.17 billion current US$ | -18.0% |
| 1994 | 1.14 billion current US$ | -2.8% |
| 1995 | 1.30 billion current US$ | +13.8% |
| 1996 | 1.54 billion current US$ | +19.0% |
| 1997 | 1.65 billion current US$ | +6.9% |
| 1998 | 2.20 billion current US$ | +33.4% |
| 1999 | 2.12 billion current US$ | -3.7% |
| 2000 | 2.25 billion current US$ | +6.3% |
| 2001 | 1.89 billion current US$ | -16.2% |
| 2002 | 1.84 billion current US$ | -2.6% |
| 2003 | 2.44 billion current US$ | +33.0% |
| 2004 | 3.43 billion current US$ | +40.6% |
| 2005 | 4.99 billion current US$ | +45.4% |
| 2006 | 6.36 billion current US$ | +27.3% |
| 2007 | 6.51 billion current US$ | +2.4% |
| 2008 | 4.72 billion current US$ | -27.5% |
| 2009 | 1.95 billion current US$ | -58.7% |
| 2010 | 1.93 billion current US$ | -1.4% |
| 2011 | 2.36 billion current US$ | +22.4% |
| 2012 | 2.37 billion current US$ | +0.7% |
| 2013 | 2.44 billion current US$ | +2.7% |
| 2014 | 3.08 billion current US$ | +26.4% |
| 2015 | 3.40 billion current US$ | +10.2% |
| 2016 | 4.39 billion current US$ | +29.2% |
| 2017 | 5.41 billion current US$ | +23.2% |
| 2018 | 5.92 billion current US$ | +9.5% |
| 2019 | 5.05 billion current US$ | -14.7% |
| 2020 | 4.64 billion current US$ | -8.1% |
| 2021 | 5.99 billion current US$ | +29.1% |
| 2022 | 7.07 billion current US$ | +18.1% |
| 2023 | 8.06 billion current US$ | +14.0% |
| 2024 | 8.71 billion current US$ | +8.1% |
| 2025 | 10.25 billion current US$ | +17.7% |
Iceland compared with similar countries
- Iceland's 10.25 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 21% of the median. (67 countries reporting)
- Iceland's 10.25 billion current US$ is below the median for Europe & Central Asia, which is 29.72 billion current US$, 35% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 500.93 million current US$ | 146.47 million current US$ | 796.23 million current US$ | 10 |
| 1980s | 983.17 million current US$ | 647.23 million current US$ | 1.42 billion current US$ | 10 |
| 1990s | 1.54 billion current US$ | 1.14 billion current US$ | 2.20 billion current US$ | 10 |
| 2000s | 3.64 billion current US$ | 1.84 billion current US$ | 6.51 billion current US$ | 10 |
| 2010s | 3.63 billion current US$ | 1.93 billion current US$ | 5.92 billion current US$ | 10 |
| 2020s | 7.45 billion current US$ | 4.64 billion current US$ | 10.25 billion current US$ | 6 |
Countries ranked near Iceland
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Iceland?
- Gross capital formation in Iceland was 10.25 billion current US$ 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 10.25 billion current US$ in 2025.
- What is the lowest gross capital formation recorded in Iceland?
- The lowest recorded value was 146.47 million current US$ in 1970.
- How does Iceland rank for gross capital formation?
- Iceland ranks 94th 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 201.8%. 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 US$). 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 indicator is expressed in United States dollars.