Gross fixed capital formation (current LCU), per square kilometre in Iceland
Iceland: Gross fixed capital formation (current LCU), per square kilometre was 10.81 million current LCU per square kilometre in 2023. ◆ Volatile
Latest (2023)
10.81 million current LCU per square kilometre
Change on year
up 16.3%
World rank
58th
of 177 countries
All-time high
10.81 million current LCU per square kilometre
in 2023
All-time low
1,326 current LCU per square kilometre
in 1970
Years of data
54
1970–2023
Gross fixed capital formation (current LCU), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
In 2023, gross fixed capital formation (current lcu), per square kilometre in Iceland stood at 10.81 million current LCU per square kilometre. That is the highest value across all 54 years on record.
That represents a change of up 16.3% on the previous year and up 253.7% over ten years.
Over the whole period, gross fixed capital formation (current lcu), per square kilometre in Iceland peaked at 10.81 million current LCU per square kilometre in 2023 and was at its lowest, 1,326 current LCU per square kilometre, in 1970.
That places Iceland 58th out of 177 countries with data for 2023, 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 (current LCU), per square kilometre in Iceland, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1970 | 1,326 current LCU per square kilometre | — |
| 1971 | 2,035 current LCU per square kilometre | +53.4% |
| 1972 | 2,477 current LCU per square kilometre | +21.7% |
| 1973 | 3,798 current LCU per square kilometre | +53.3% |
| 1974 | 5,850 current LCU per square kilometre | +54.0% |
| 1975 | 8,132 current LCU per square kilometre | +39.0% |
| 1976 | 9,980 current LCU per square kilometre | +22.7% |
| 1977 | 13,954 current LCU per square kilometre | +39.8% |
| 1978 | 19,305 current LCU per square kilometre | +38.3% |
| 1979 | 27,563 current LCU per square kilometre | +42.8% |
| 1980 | 48,066 current LCU per square kilometre | +74.4% |
| 1981 | 72,578 current LCU per square kilometre | +51.0% |
| 1982 | 113,593 current LCU per square kilometre | +56.5% |
| 1983 | 173,299 current LCU per square kilometre | +52.6% |
| 1984 | 225,835 current LCU per square kilometre | +30.3% |
| 1985 | 298,143 current LCU per square kilometre | +32.0% |
| 1986 | 361,000 current LCU per square kilometre | +21.1% |
| 1987 | 497,977 current LCU per square kilometre | +37.9% |
| 1988 | 589,752 current LCU per square kilometre | +18.4% |
| 1989 | 685,530 current LCU per square kilometre | +16.2% |
| 1990 | 818,721 current LCU per square kilometre | +19.4% |
| 1991 | 897,216 current LCU per square kilometre | +9.6% |
| 1992 | 821,810 current LCU per square kilometre | -8.4% |
| 1993 | 767,201 current LCU per square kilometre | -6.6% |
| 1994 | 795,239 current LCU per square kilometre | +3.7% |
| 1995 | 805,802 current LCU per square kilometre | +1.3% |
| 1996 | 1.02 million current LCU per square kilometre | +26.9% |
| 1997 | 1.16 million current LCU per square kilometre | +13.9% |
| 1998 | 1.55 million current LCU per square kilometre | +32.9% |
| 1999 | 1.53 million current LCU per square kilometre | -1.4% |
| 2000 | 1.74 million current LCU per square kilometre | +13.9% |
| 2001 | 1.85 million current LCU per square kilometre | +6.7% |
| 2002 | 1.69 million current LCU per square kilometre | -9.0% |
| 2003 | 1.87 million current LCU per square kilometre | +11.1% |
| 2004 | 2.41 million current LCU per square kilometre | +28.5% |
| 2005 | 3.13 million current LCU per square kilometre | +30.1% |
| 2006 | 4.33 million current LCU per square kilometre | +38.1% |
| 2007 | 4.07 million current LCU per square kilometre | -6.0% |
| 2008 | 4.02 million current LCU per square kilometre | -1.2% |
| 2009 | 2.49 million current LCU per square kilometre | -38.2% |
| 2010 | 2.36 million current LCU per square kilometre | -5.1% |
| 2011 | 2.71 million current LCU per square kilometre | +14.6% |
| 2012 | 2.94 million current LCU per square kilometre | +8.8% |
| 2013 | 3.06 million current LCU per square kilometre | +3.9% |
| 2014 | 3.58 million current LCU per square kilometre | +17.0% |
| 2015 | 4.45 million current LCU per square kilometre | +24.5% |
| 2016 | 5.25 million current LCU per square kilometre | +17.9% |
| 2017 | 5.75 million current LCU per square kilometre | +9.6% |
| 2018 | 6.21 million current LCU per square kilometre | +7.8% |
| 2019 | 6.26 million current LCU per square kilometre | +0.8% |
| 2020 | 6.22 million current LCU per square kilometre | -0.7% |
| 2021 | 7.43 million current LCU per square kilometre | +19.5% |
| 2022 | 9.30 million current LCU per square kilometre | +25.2% |
| 2023 | 10.81 million current LCU per square kilometre | +16.3% |
Iceland compared with similar countries
- Iceland's 10.81 million current LCU per square kilometre is above the median for high income countries, which is 2.07 million current LCU per square kilometre, 5.2× the median. (64 countries reporting)
- Iceland's 10.81 million current LCU per square kilometre is above the median for Europe & Central Asia, which is 1.81 million current LCU per square kilometre, 6.0× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,442 current LCU per square kilometre | 1,326 current LCU per square kilometre | 27,563 current LCU per square kilometre | 10 |
| 1980s | 306,577 current LCU per square kilometre | 48,066 current LCU per square kilometre | 685,530 current LCU per square kilometre | 10 |
| 1990s | 1.02 million current LCU per square kilometre | 767,201 current LCU per square kilometre | 1.55 million current LCU per square kilometre | 10 |
| 2000s | 2.76 million current LCU per square kilometre | 1.69 million current LCU per square kilometre | 4.33 million current LCU per square kilometre | 10 |
| 2010s | 4.26 million current LCU per square kilometre | 2.36 million current LCU per square kilometre | 6.26 million current LCU per square kilometre | 10 |
| 2020s | 8.44 million current LCU per square kilometre | 6.22 million current LCU per square kilometre | 10.81 million current LCU per square kilometre | 4 |
Countries ranked near Iceland
- 55 Turkey 11.57 million current LCU per square kilometre compare
- 56 Mongolia 11.45 million current LCU per square kilometre compare
- 57 Kazakhstan 11.04 million current LCU per square kilometre compare
- 59 Guinea-Bissau 9.55 million current LCU per square kilometre compare
- 60 Nepal 9.21 million current LCU per square kilometre compare
- 61 North Macedonia 8.83 million current 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 (current lcu), per square kilometre in Iceland?
- Gross fixed capital formation (current lcu), per square kilometre in Iceland was 10.81 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), per square kilometre recorded in Iceland?
- The highest recorded value was 10.81 million current LCU per square kilometre in 2023.
- What is the lowest gross fixed capital formation (current lcu), per square kilometre recorded in Iceland?
- The lowest recorded value was 1,326 current LCU per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation (current lcu), per square kilometre?
- Iceland ranks 58th out of 177 countries with data for 2023.
- Is gross fixed capital formation (current lcu), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 253.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current 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 (current 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 (current 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 (current 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.