Gross fixed capital formation in Iceland
Iceland: Gross fixed capital formation was 966.24 billion constant LCU in 2025. ◆ Volatile
Latest (2025)
966.24 billion constant LCU
Change on year
up 4.0%
World rank
55th
of 168 countries
All-time high
966.24 billion constant LCU
in 2025
All-time low
141.90 billion constant LCU
in 1970
Years of data
56
1970–2025
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 168 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.
Gross fixed capital formation in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 141.90 billion constant LCU | — |
| 1971 | 201.99 billion constant LCU | +42.4% |
| 1972 | 203.76 billion constant LCU | +0.9% |
| 1973 | 249.47 billion constant LCU | +22.4% |
| 1974 | 269.24 billion constant LCU | +7.9% |
| 1975 | 245.49 billion constant LCU | -8.8% |
| 1976 | 238.81 billion constant LCU | -2.7% |
| 1977 | 266.26 billion constant LCU | +11.5% |
| 1978 | 251.50 billion constant LCU | -5.5% |
| 1979 | 247.05 billion constant LCU | -1.8% |
| 1980 | 281.50 billion constant LCU | +13.9% |
| 1981 | 284.84 billion constant LCU | +1.2% |
| 1982 | 285.02 billion constant LCU | +0.1% |
| 1983 | 248.74 billion constant LCU | -12.7% |
| 1984 | 272.04 billion constant LCU | +9.4% |
| 1985 | 274.84 billion constant LCU | +1.0% |
| 1986 | 270.58 billion constant LCU | -1.6% |
| 1987 | 321.34 billion constant LCU | +18.8% |
| 1988 | 320.69 billion constant LCU | -0.2% |
| 1989 | 295.47 billion constant LCU | -7.9% |
| 1990 | 304.36 billion constant LCU | +3.0% |
| 1991 | 312.24 billion constant LCU | +2.6% |
| 1992 | 279.91 billion constant LCU | -10.4% |
| 1993 | 252.47 billion constant LCU | -9.8% |
| 1994 | 251.94 billion constant LCU | -0.2% |
| 1995 | 247.63 billion constant LCU | -1.7% |
| 1996 | 302.88 billion constant LCU | +22.3% |
| 1997 | 336.88 billion constant LCU | +11.2% |
| 1998 | 439.85 billion constant LCU | +30.6% |
| 1999 | 425.19 billion constant LCU | -3.3% |
| 2000 | 475.89 billion constant LCU | +11.9% |
| 2001 | 457.50 billion constant LCU | -3.9% |
| 2002 | 400.85 billion constant LCU | -12.4% |
| 2003 | 437.94 billion constant LCU | +9.3% |
| 2004 | 553.31 billion constant LCU | +26.3% |
| 2005 | 720.65 billion constant LCU | +30.2% |
| 2006 | 892.27 billion constant LCU | +23.8% |
| 2007 | 794.03 billion constant LCU | -11.0% |
| 2008 | 647.47 billion constant LCU | -18.5% |
| 2009 | 340.20 billion constant LCU | -47.5% |
| 2010 | 311.58 billion constant LCU | -8.4% |
| 2011 | 345.64 billion constant LCU | +10.9% |
| 2012 | 363.54 billion constant LCU | +5.2% |
| 2013 | 370.47 billion constant LCU | +1.9% |
| 2014 | 432.15 billion constant LCU | +16.6% |
| 2015 | 523.83 billion constant LCU | +21.2% |
| 2016 | 619.17 billion constant LCU | +18.2% |
| 2017 | 685.84 billion constant LCU | +10.8% |
| 2018 | 704.83 billion constant LCU | +2.8% |
| 2019 | 670.92 billion constant LCU | -4.8% |
| 2020 | 626.82 billion constant LCU | -6.6% |
| 2021 | 711.69 billion constant LCU | +13.5% |
| 2022 | 820.75 billion constant LCU | +15.3% |
| 2023 | 871.67 billion constant LCU | +6.2% |
| 2024 | 928.73 billion constant LCU | +6.5% |
| 2025 | 966.24 billion constant LCU | +4.0% |
Iceland compared with similar countries
- Iceland's 966.24 billion constant LCU is above the median for high income countries, which is 135.02 billion constant LCU, 7.2× the median. (58 countries reporting)
- Iceland's 966.24 billion constant LCU is above the median for Europe & Central Asia, which is 140.09 billion constant LCU, 6.9× the median. (50 countries reporting)
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
- 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 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 168 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.
Download this data
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.