Gross fixed capital formation in Iceland
Iceland: Gross fixed capital formation was 966.24 billion constant LCU in 2025. ◆ Volatile
Gross fixed capital formation in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross fixed capital formation in Iceland is 966.24 billion constant LCU, measured in 2025. That is the highest value across all 56 years on record.
The figure is up 4.0% on the previous year and up 84.5% over ten years.
Over the whole period, gross fixed capital formation in Iceland peaked at 966.24 billion constant LCU in 2025 and was at its lowest, 141.90 billion constant LCU, in 1970.
That places Iceland 55th out of 167 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 231.55 billion constant LCU | 141.90 billion constant LCU | 269.24 billion constant LCU | 10 |
| 1980s | 285.51 billion constant LCU | 248.74 billion constant LCU | 321.34 billion constant LCU | 10 |
| 1990s | 315.33 billion constant LCU | 247.63 billion constant LCU | 439.85 billion constant LCU | 10 |
| 2000s | 572.01 billion constant LCU | 340.20 billion constant LCU | 892.27 billion constant LCU | 10 |
| 2010s | 502.80 billion constant LCU | 311.58 billion constant LCU | 704.83 billion constant LCU | 10 |
| 2020s | 820.98 billion constant LCU | 626.82 billion constant LCU | 966.24 billion constant LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation in Iceland?
- Gross fixed capital formation in Iceland was 966.24 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Iceland?
- The highest recorded value was 966.24 billion constant LCU in 2025.
- What is the lowest gross fixed capital formation recorded in Iceland?
- The lowest recorded value was 141.90 billion constant LCU in 1970.
- How does Iceland rank for gross fixed capital formation?
- Iceland ranks 55th out of 167 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Iceland?
- Over the last ten years it is up 84.5%. 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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.