Gross fixed capital formation (constant LCU), per square kilometre in Iceland
Iceland: Gross fixed capital formation (constant LCU), per square kilometre was 8.64 million constant LCU per square kilometre in 2023. ▲ Rising
Latest (2023)
8.64 million constant LCU per square kilometre
Change on year
up 6.2%
World rank
49th
of 165 countries
All-time high
8.90 million constant LCU per square kilometre
in 2006
All-time low
1.42 million constant LCU per square kilometre
in 1970
Years of data
54
1970–2023
Gross fixed capital formation (constant LCU), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in constant LCU per square kilometre.
Analysis
In 2023, gross fixed capital formation (constant lcu), per square kilometre in Iceland stood at 8.64 million constant LCU per square kilometre.
The figure is up 6.2% on the previous year and up 133.9% over ten years.
Over the whole period, gross fixed capital formation (constant lcu), per square kilometre in Iceland peaked at 8.90 million constant LCU per square kilometre in 2006 and was at its lowest, 1.42 million constant LCU per square kilometre, in 1970.
That places Iceland 49th out of 165 countries with data for 2023, putting it 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 LCU), per square kilometre in Iceland, year by year
| Year | constant LCU per square kilometre | Change |
|---|---|---|
| 1970 | 1.42 million constant LCU per square kilometre | — |
| 1971 | 2.01 million constant LCU per square kilometre | +42.4% |
| 1972 | 2.03 million constant LCU per square kilometre | +0.9% |
| 1973 | 2.49 million constant LCU per square kilometre | +22.4% |
| 1974 | 2.69 million constant LCU per square kilometre | +7.9% |
| 1975 | 2.45 million constant LCU per square kilometre | -8.8% |
| 1976 | 2.38 million constant LCU per square kilometre | -2.7% |
| 1977 | 2.66 million constant LCU per square kilometre | +11.5% |
| 1978 | 2.51 million constant LCU per square kilometre | -5.5% |
| 1979 | 2.46 million constant LCU per square kilometre | -1.8% |
| 1980 | 2.81 million constant LCU per square kilometre | +13.9% |
| 1981 | 2.84 million constant LCU per square kilometre | +1.2% |
| 1982 | 2.84 million constant LCU per square kilometre | +0.1% |
| 1983 | 2.48 million constant LCU per square kilometre | -12.7% |
| 1984 | 2.71 million constant LCU per square kilometre | +9.4% |
| 1985 | 2.74 million constant LCU per square kilometre | +1.0% |
| 1986 | 2.70 million constant LCU per square kilometre | -1.6% |
| 1987 | 3.21 million constant LCU per square kilometre | +18.8% |
| 1988 | 3.20 million constant LCU per square kilometre | -0.2% |
| 1989 | 2.95 million constant LCU per square kilometre | -7.9% |
| 1990 | 3.04 million constant LCU per square kilometre | +3.0% |
| 1991 | 3.11 million constant LCU per square kilometre | +2.6% |
| 1992 | 2.79 million constant LCU per square kilometre | -10.4% |
| 1993 | 2.52 million constant LCU per square kilometre | -9.8% |
| 1994 | 2.51 million constant LCU per square kilometre | -0.2% |
| 1995 | 2.47 million constant LCU per square kilometre | -1.7% |
| 1996 | 3.02 million constant LCU per square kilometre | +22.3% |
| 1997 | 3.36 million constant LCU per square kilometre | +11.2% |
| 1998 | 4.39 million constant LCU per square kilometre | +30.6% |
| 1999 | 4.24 million constant LCU per square kilometre | -3.3% |
| 2000 | 4.75 million constant LCU per square kilometre | +11.9% |
| 2001 | 4.56 million constant LCU per square kilometre | -3.9% |
| 2002 | 4.00 million constant LCU per square kilometre | -12.4% |
| 2003 | 4.37 million constant LCU per square kilometre | +9.3% |
| 2004 | 5.52 million constant LCU per square kilometre | +26.3% |
| 2005 | 7.19 million constant LCU per square kilometre | +30.2% |
| 2006 | 8.90 million constant LCU per square kilometre | +23.8% |
| 2007 | 7.92 million constant LCU per square kilometre | -11.0% |
| 2008 | 6.46 million constant LCU per square kilometre | -18.5% |
| 2009 | 3.39 million constant LCU per square kilometre | -47.5% |
| 2010 | 3.11 million constant LCU per square kilometre | -8.4% |
| 2011 | 3.45 million constant LCU per square kilometre | +10.9% |
| 2012 | 3.63 million constant LCU per square kilometre | +5.2% |
| 2013 | 3.70 million constant LCU per square kilometre | +1.9% |
| 2014 | 4.31 million constant LCU per square kilometre | +16.6% |
| 2015 | 5.23 million constant LCU per square kilometre | +21.2% |
| 2016 | 6.18 million constant LCU per square kilometre | +18.2% |
| 2017 | 6.84 million constant LCU per square kilometre | +10.8% |
| 2018 | 6.99 million constant LCU per square kilometre | +2.2% |
| 2019 | 6.65 million constant LCU per square kilometre | -4.8% |
| 2020 | 6.22 million constant LCU per square kilometre | -6.6% |
| 2021 | 7.06 million constant LCU per square kilometre | +13.5% |
| 2022 | 8.14 million constant LCU per square kilometre | +15.3% |
| 2023 | 8.64 million constant LCU per square kilometre | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.31 million constant LCU per square kilometre | 1.42 million constant LCU per square kilometre | 2.69 million constant LCU per square kilometre | 10 |
| 1980s | 2.85 million constant LCU per square kilometre | 2.48 million constant LCU per square kilometre | 3.21 million constant LCU per square kilometre | 10 |
| 1990s | 3.15 million constant LCU per square kilometre | 2.47 million constant LCU per square kilometre | 4.39 million constant LCU per square kilometre | 10 |
| 2000s | 5.71 million constant LCU per square kilometre | 3.39 million constant LCU per square kilometre | 8.90 million constant LCU per square kilometre | 10 |
| 2010s | 5.01 million constant LCU per square kilometre | 3.11 million constant LCU per square kilometre | 6.99 million constant LCU per square kilometre | 10 |
| 2020s | 7.51 million constant LCU per square kilometre | 6.22 million constant LCU per square kilometre | 8.64 million constant LCU per square kilometre | 4 |
Countries ranked near Iceland
- 46 Madagascar 11.47 million constant LCU per square kilometre compare
- 47 Malta 10.67 million constant LCU per square kilometre compare
- 48 Cameroon 10.34 million constant LCU per square kilometre compare
- 50 Burkina Faso 8.62 million constant LCU per square kilometre compare
- 51 Guinea-Bissau 7.63 million constant LCU per square kilometre compare
- 52 Djibouti 7.26 million constant LCU 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 lcu), per square kilometre in Iceland?
- Gross fixed capital formation (constant lcu), per square kilometre in Iceland was 8.64 million constant LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant lcu), per square kilometre recorded in Iceland?
- The highest recorded value was 8.90 million constant LCU per square kilometre in 2006.
- What is the lowest gross fixed capital formation (constant lcu), per square kilometre recorded in Iceland?
- The lowest recorded value was 1.42 million constant LCU per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation (constant lcu), per square kilometre?
- Iceland ranks 49th out of 165 countries with data for 2023.
- Is gross fixed capital formation (constant lcu), per square kilometre 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 LCU), 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 LCU) 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 LCU) ÷ 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 LCU) 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.