Gross fixed capital formation (constant 2015 US$), per square in Iceland
Iceland: Gross fixed capital formation (constant 2015 US$), per square was 55,846 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Latest (2023)
55,846 constant 2015 US$ per square kilometre
Change on year
up 6.2%
World rank
96th
of 159 countries
All-time high
57,497 constant 2015 US$ per square kilometre
in 2006
All-time low
9,144 constant 2015 US$ per square kilometre
in 1970
Years of data
54
1970–2023
Gross fixed capital formation (constant 2015 US$), per square in Iceland, 1970–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
In 2023, gross fixed capital formation (constant 2015 us$), per square in Iceland stood at 55,846 constant 2015 US$ per square kilometre.
Compared with earlier readings it is up 6.2% on the previous year and up 133.9% over ten years.
Over the whole period, gross fixed capital formation (constant 2015 us$), per square in Iceland peaked at 57,497 constant 2015 US$ per square kilometre in 2006 and was at its lowest, 9,144 constant 2015 US$ per square kilometre, in 1970.
Iceland ranks 96th of 159 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross fixed capital formation (constant 2015 US$), per square in Iceland, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1970 | 9,144 constant 2015 US$ per square kilometre | — |
| 1971 | 13,016 constant 2015 US$ per square kilometre | +42.4% |
| 1972 | 13,130 constant 2015 US$ per square kilometre | +0.9% |
| 1973 | 16,076 constant 2015 US$ per square kilometre | +22.4% |
| 1974 | 17,350 constant 2015 US$ per square kilometre | +7.9% |
| 1975 | 15,819 constant 2015 US$ per square kilometre | -8.8% |
| 1976 | 15,389 constant 2015 US$ per square kilometre | -2.7% |
| 1977 | 17,157 constant 2015 US$ per square kilometre | +11.5% |
| 1978 | 16,206 constant 2015 US$ per square kilometre | -5.5% |
| 1979 | 15,920 constant 2015 US$ per square kilometre | -1.8% |
| 1980 | 18,140 constant 2015 US$ per square kilometre | +13.9% |
| 1981 | 18,355 constant 2015 US$ per square kilometre | +1.2% |
| 1982 | 18,366 constant 2015 US$ per square kilometre | +0.1% |
| 1983 | 16,028 constant 2015 US$ per square kilometre | -12.7% |
| 1984 | 17,530 constant 2015 US$ per square kilometre | +9.4% |
| 1985 | 17,710 constant 2015 US$ per square kilometre | +1.0% |
| 1986 | 17,436 constant 2015 US$ per square kilometre | -1.6% |
| 1987 | 20,707 constant 2015 US$ per square kilometre | +18.8% |
| 1988 | 20,665 constant 2015 US$ per square kilometre | -0.2% |
| 1989 | 19,040 constant 2015 US$ per square kilometre | -7.9% |
| 1990 | 19,613 constant 2015 US$ per square kilometre | +3.0% |
| 1991 | 20,120 constant 2015 US$ per square kilometre | +2.6% |
| 1992 | 18,037 constant 2015 US$ per square kilometre | -10.4% |
| 1993 | 16,269 constant 2015 US$ per square kilometre | -9.8% |
| 1994 | 16,235 constant 2015 US$ per square kilometre | -0.2% |
| 1995 | 15,957 constant 2015 US$ per square kilometre | -1.7% |
| 1996 | 19,518 constant 2015 US$ per square kilometre | +22.3% |
| 1997 | 21,708 constant 2015 US$ per square kilometre | +11.2% |
| 1998 | 28,344 constant 2015 US$ per square kilometre | +30.6% |
| 1999 | 27,399 constant 2015 US$ per square kilometre | -3.3% |
| 2000 | 30,666 constant 2015 US$ per square kilometre | +11.9% |
| 2001 | 29,481 constant 2015 US$ per square kilometre | -3.9% |
| 2002 | 25,830 constant 2015 US$ per square kilometre | -12.4% |
| 2003 | 28,220 constant 2015 US$ per square kilometre | +9.3% |
| 2004 | 35,655 constant 2015 US$ per square kilometre | +26.3% |
| 2005 | 46,438 constant 2015 US$ per square kilometre | +30.2% |
| 2006 | 57,497 constant 2015 US$ per square kilometre | +23.8% |
| 2007 | 51,166 constant 2015 US$ per square kilometre | -11.0% |
| 2008 | 41,722 constant 2015 US$ per square kilometre | -18.5% |
| 2009 | 21,922 constant 2015 US$ per square kilometre | -47.5% |
| 2010 | 20,078 constant 2015 US$ per square kilometre | -8.4% |
| 2011 | 22,272 constant 2015 US$ per square kilometre | +10.9% |
| 2012 | 23,426 constant 2015 US$ per square kilometre | +5.2% |
| 2013 | 23,872 constant 2015 US$ per square kilometre | +1.9% |
| 2014 | 27,847 constant 2015 US$ per square kilometre | +16.7% |
| 2015 | 33,755 constant 2015 US$ per square kilometre | +21.2% |
| 2016 | 39,899 constant 2015 US$ per square kilometre | +18.2% |
| 2017 | 44,194 constant 2015 US$ per square kilometre | +10.8% |
| 2018 | 45,157 constant 2015 US$ per square kilometre | +2.2% |
| 2019 | 42,984 constant 2015 US$ per square kilometre | -4.8% |
| 2020 | 40,159 constant 2015 US$ per square kilometre | -6.6% |
| 2021 | 45,596 constant 2015 US$ per square kilometre | +13.5% |
| 2022 | 52,584 constant 2015 US$ per square kilometre | +15.3% |
| 2023 | 55,846 constant 2015 US$ per square kilometre | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14,921 constant 2015 US$ per square kilometre | 9,144 constant 2015 US$ per square kilometre | 17,350 constant 2015 US$ per square kilometre | 10 |
| 1980s | 18,398 constant 2015 US$ per square kilometre | 16,028 constant 2015 US$ per square kilometre | 20,707 constant 2015 US$ per square kilometre | 10 |
| 1990s | 20,320 constant 2015 US$ per square kilometre | 15,957 constant 2015 US$ per square kilometre | 28,344 constant 2015 US$ per square kilometre | 10 |
| 2000s | 36,860 constant 2015 US$ per square kilometre | 21,922 constant 2015 US$ per square kilometre | 57,497 constant 2015 US$ per square kilometre | 10 |
| 2010s | 32,349 constant 2015 US$ per square kilometre | 20,078 constant 2015 US$ per square kilometre | 45,157 constant 2015 US$ per square kilometre | 10 |
| 2020s | 48,547 constant 2015 US$ per square kilometre | 40,159 constant 2015 US$ per square kilometre | 55,846 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Iceland
- 93 Côte d'Ivoire 59,611 constant 2015 US$ per square kilometre compare
- 94 Uganda 58,148 constant 2015 US$ per square kilometre compare
- 95 Honduras 56,338 constant 2015 US$ per square kilometre compare
- 97 Colombia 54,736 constant 2015 US$ per square kilometre compare
- 98 Tunisia 54,368 constant 2015 US$ per square kilometre compare
- 99 Pakistan 53,862 constant 2015 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation (constant 2015 us$), per square in Iceland?
- Gross fixed capital formation (constant 2015 us$), per square in Iceland was 55,846 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant 2015 us$), per square recorded in Iceland?
- The highest recorded value was 57,497 constant 2015 US$ per square kilometre in 2006.
- What is the lowest gross fixed capital formation (constant 2015 us$), per square recorded in Iceland?
- The lowest recorded value was 9,144 constant 2015 US$ per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation (constant 2015 us$), per square?
- Iceland ranks 96th out of 159 countries with data for 2023.
- Is gross fixed capital formation (constant 2015 us$), per square rising or falling in Iceland?
- Over the last ten years it is up 133.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (constant 2015 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross fixed capital formation (constant 2015 US$) 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 fixed capital formation (constant 2015 US$) ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (constant 2015 US$) 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.