Gross capital formation in Iceland
Iceland: Gross capital formation was 26.6% in 2025. ▼ Falling
Gross capital formation in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in Iceland is 26.6%, measured in 2025.
The figure is up 1.3% on the previous year and up 38.5% over ten years.
Over the whole period, gross capital formation in Iceland peaked at 39.1% in 1974 and was at its lowest, 13.8%, in 2010.
That places Iceland 61st out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Gross capital formation in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 26.9% | — |
| 1971 | 35.9% | +33.7% |
| 1972 | 30.6% | -14.8% |
| 1973 | 34.8% | +13.7% |
| 1974 | 39.1% | +12.3% |
| 1975 | 38.2% | -2.4% |
| 1976 | 31.0% | -18.9% |
| 1977 | 32.3% | +4.3% |
| 1978 | 26.7% | -17.4% |
| 1979 | 27.0% | +1.1% |
| 1980 | 29.1% | +7.9% |
| 1981 | 28.8% | -1.0% |
| 1982 | 30.2% | +4.7% |
| 1983 | 22.6% | -25.0% |
| 1984 | 24.9% | +10.2% |
| 1985 | 22.3% | -10.4% |
| 1986 | 19.8% | -11.3% |
| 1987 | 22.3% | +12.3% |
| 1988 | 22.4% | +0.6% |
| 1989 | 20.2% | -9.7% |
| 1990 | 20.4% | +0.9% |
| 1991 | 21.5% | +5.6% |
| 1992 | 19.5% | -9.6% |
| 1993 | 18.2% | -6.6% |
| 1994 | 17.2% | -5.4% |
| 1995 | 17.6% | +2.1% |
| 1996 | 20.1% | +14.1% |
| 1997 | 21.4% | +6.5% |
| 1998 | 25.5% | +19.2% |
| 1999 | 23.2% | -8.7% |
| 2000 | 24.6% | +5.9% |
| 2001 | 22.7% | -8.0% |
| 2002 | 19.5% | -13.9% |
| 2003 | 21.1% | +8.3% |
| 2004 | 24.6% | +16.4% |
| 2005 | 29.1% | +18.4% |
| 2006 | 36.0% | +23.5% |
| 2007 | 29.7% | -17.6% |
| 2008 | 25.9% | -12.7% |
| 2009 | 14.8% | -42.9% |
| 2010 | 13.8% | -6.4% |
| 2011 | 15.3% | +10.7% |
| 2012 | 15.9% | +3.8% |
| 2013 | 15.0% | -5.5% |
| 2014 | 17.1% | +13.7% |
| 2015 | 19.2% | +12.4% |
| 2016 | 20.8% | +8.5% |
| 2017 | 21.6% | +3.7% |
| 2018 | 22.2% | +2.9% |
| 2019 | 20.2% | -9.0% |
| 2020 | 21.0% | +4.2% |
| 2021 | 22.8% | +8.4% |
| 2022 | 24.2% | +6.2% |
| 2023 | 25.4% | +4.9% |
| 2024 | 26.2% | +3.2% |
| 2025 | 26.6% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.2% | 26.7% | 39.1% | 10 |
| 1980s | 24.3% | 19.8% | 30.2% | 10 |
| 1990s | 20.5% | 17.2% | 25.5% | 10 |
| 2000s | 24.8% | 14.8% | 36.0% | 10 |
| 2010s | 18.1% | 13.8% | 22.2% | 10 |
| 2020s | 24.4% | 21.0% | 26.6% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
Frequently asked questions
- What is gross capital formation in Iceland?
- Gross capital formation in Iceland was 26.6% 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 39.1% in 1974.
- What is the lowest gross capital formation recorded in Iceland?
- The lowest recorded value was 13.8% in 2010.
- How does Iceland rank for gross capital formation?
- Iceland ranks 61st 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 38.5%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.