Gross fixed capital formation in Iceland
Iceland: Gross fixed capital formation was 4.0% in 2025. ◆ Volatile
Gross fixed capital formation in Iceland, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Iceland recorded 4.0% for gross fixed capital formation in 2025.
Compared with earlier readings it is down 38.3% on the previous year and down 81.0% over ten years.
Over the whole period, gross fixed capital formation in Iceland peaked at 42.4% in 1971 and was at its lowest, -47.5%, in 2009.
Iceland ranks 90th of 166 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 fixed capital formation in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 42.4% | — |
| 1972 | 0.9% | -97.9% |
| 1973 | 22.4% | +2461.9% |
| 1974 | 7.9% | -64.7% |
| 1975 | -8.8% | -211.3% |
| 1976 | -2.7% | -69.2% |
| 1977 | 11.5% | -522.8% |
| 1978 | -5.5% | -148.2% |
| 1979 | -1.8% | -68.1% |
| 1980 | 13.9% | -887.8% |
| 1981 | 1.2% | -91.5% |
| 1982 | 0.1% | -94.7% |
| 1983 | -12.7% | -20330.7% |
| 1984 | 9.4% | -173.6% |
| 1985 | 1.0% | -89.0% |
| 1986 | -1.6% | -250.8% |
| 1987 | 18.8% | -1309.0% |
| 1988 | -0.2% | -101.1% |
| 1989 | -7.9% | +3748.7% |
| 1990 | 3.0% | -138.3% |
| 1991 | 2.6% | -14.0% |
| 1992 | -10.4% | -499.9% |
| 1993 | -9.8% | -5.3% |
| 1994 | -0.2% | -97.9% |
| 1995 | -1.7% | +714.0% |
| 1996 | 22.3% | -1403.1% |
| 1997 | 11.2% | -49.7% |
| 1998 | 30.6% | +172.4% |
| 1999 | -3.3% | -110.9% |
| 2000 | 11.9% | -457.6% |
| 2001 | -3.9% | -132.4% |
| 2002 | -12.4% | +220.6% |
| 2003 | 9.3% | -174.7% |
| 2004 | 26.3% | +184.7% |
| 2005 | 30.2% | +14.8% |
| 2006 | 23.8% | -21.3% |
| 2007 | -11.0% | -146.2% |
| 2008 | -18.5% | +67.6% |
| 2009 | -47.5% | +157.1% |
| 2010 | -8.4% | -82.3% |
| 2011 | 10.9% | -229.9% |
| 2012 | 5.2% | -52.6% |
| 2013 | 1.9% | -63.2% |
| 2014 | 16.6% | +773.2% |
| 2015 | 21.2% | +27.4% |
| 2016 | 18.2% | -14.2% |
| 2017 | 10.8% | -40.8% |
| 2018 | 2.8% | -74.3% |
| 2019 | -4.8% | -273.7% |
| 2020 | -6.6% | +36.6% |
| 2021 | 13.5% | -306.0% |
| 2022 | 15.3% | +13.2% |
| 2023 | 6.2% | -59.5% |
| 2024 | 6.5% | +5.5% |
| 2025 | 4.0% | -38.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.4% | -8.8% | 42.4% | 9 |
| 1980s | 2.2% | -12.7% | 18.8% | 10 |
| 1990s | 4.4% | -10.4% | 30.6% | 10 |
| 2000s | 0.8% | -47.5% | 30.2% | 10 |
| 2010s | 7.4% | -8.4% | 21.2% | 10 |
| 2020s | 6.5% | -6.6% | 15.3% | 6 |
Countries ranked near Iceland
- 87 Tunisia 4.3% compare
- 88 United Kingdom 4.3% compare
- 89 Slovenia 4.1% compare
- 91 Costa Rica 3.9% compare
- 92 Comoros 3.8% compare
- 93 Guinea-Bissau 3.7% 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 value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 52,920 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 83.85 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Iceland?
- Gross fixed capital formation in Iceland was 4.0% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Iceland?
- The highest recorded value was 42.4% in 1971.
- What is the lowest gross fixed capital formation recorded in Iceland?
- The lowest recorded value was -47.5% in 2009.
- How does Iceland rank for gross fixed capital formation?
- Iceland ranks 90th out of 166 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Iceland?
- Over the last ten years it is down 81.0%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.