Gross fixed capital formation (current LCU), per unit of GDP in Iceland
Iceland: Gross fixed capital formation (current LCU), per unit of GDP was 34.24 current LCU per US$ of GDP in 2025. ◆ Volatile
Gross fixed capital formation (current LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2025, gross fixed capital formation (current lcu), per unit of gdp in Iceland stood at 34.24 current LCU per US$ of GDP.
Compared with earlier readings it is down 7.3% on the previous year and up 35.8% over ten years.
Over the whole period, gross fixed capital formation (current lcu), per unit of gdp in Iceland peaked at 36.94 current LCU per US$ of GDP in 2024 and was at its lowest, 0.2439 current LCU per US$ of GDP, in 1970.
Iceland ranks 51st of 181 countries on this measure, 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 unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.2439 current LCU per US$ of GDP | — |
| 1971 | 0.2941 current LCU per US$ of GDP | +20.6% |
| 1972 | 0.2858 current LCU per US$ of GDP | -2.8% |
| 1973 | 0.3186 current LCU per US$ of GDP | +11.5% |
| 1974 | 0.374 current LCU per US$ of GDP | +17.4% |
| 1975 | 0.5599 current LCU per US$ of GDP | +49.7% |
| 1976 | 0.579 current LCU per US$ of GDP | +3.4% |
| 1977 | 0.612 current LCU per US$ of GDP | +5.7% |
| 1978 | 0.7445 current LCU per US$ of GDP | +21.6% |
| 1979 | 0.9357 current LCU per US$ of GDP | +25.7% |
| 1980 | 1.38 current LCU per US$ of GDP | +47.2% |
| 1981 | 2.01 current LCU per US$ of GDP | +46.2% |
| 1982 | 3.43 current LCU per US$ of GDP | +70.5% |
| 1983 | 6.07 current LCU per US$ of GDP | +76.9% |
| 1984 | 7.64 current LCU per US$ of GDP | +25.8% |
| 1985 | 9.68 current LCU per US$ of GDP | +26.7% |
| 1986 | 8.76 current LCU per US$ of GDP | -9.4% |
| 1987 | 8.74 current LCU per US$ of GDP | -0.3% |
| 1988 | 9.35 current LCU per US$ of GDP | +7.1% |
| 1989 | 11.71 current LCU per US$ of GDP | +25.1% |
| 1990 | 12.26 current LCU per US$ of GDP | +4.7% |
| 1991 | 12.58 current LCU per US$ of GDP | +2.6% |
| 1992 | 11.24 current LCU per US$ of GDP | -10.6% |
| 1993 | 11.95 current LCU per US$ of GDP | +6.3% |
| 1994 | 12.06 current LCU per US$ of GDP | +0.9% |
| 1995 | 10.96 current LCU per US$ of GDP | -9.1% |
| 1996 | 13.33 current LCU per US$ of GDP | +21.7% |
| 1997 | 15.13 current LCU per US$ of GDP | +13.5% |
| 1998 | 17.96 current LCU per US$ of GDP | +18.7% |
| 1999 | 16.8 current LCU per US$ of GDP | -6.5% |
| 2000 | 19.06 current LCU per US$ of GDP | +13.5% |
| 2001 | 22.33 current LCU per US$ of GDP | +17.2% |
| 2002 | 17.97 current LCU per US$ of GDP | -19.5% |
| 2003 | 16.25 current LCU per US$ of GDP | -9.6% |
| 2004 | 17.29 current LCU per US$ of GDP | +6.4% |
| 2005 | 18.33 current LCU per US$ of GDP | +6.0% |
| 2006 | 24.56 current LCU per US$ of GDP | +34.0% |
| 2007 | 18.58 current LCU per US$ of GDP | -24.3% |
| 2008 | 22.1 current LCU per US$ of GDP | +18.9% |
| 2009 | 18.87 current LCU per US$ of GDP | -14.6% |
| 2010 | 17 current LCU per US$ of GDP | -9.9% |
| 2011 | 17.62 current LCU per US$ of GDP | +3.6% |
| 2012 | 19.74 current LCU per US$ of GDP | +12.0% |
| 2013 | 18.87 current LCU per US$ of GDP | -4.4% |
| 2014 | 19.86 current LCU per US$ of GDP | +5.3% |
| 2015 | 25.22 current LCU per US$ of GDP | +27.0% |
| 2016 | 24.97 current LCU per US$ of GDP | -1.0% |
| 2017 | 23.02 current LCU per US$ of GDP | -7.8% |
| 2018 | 23.46 current LCU per US$ of GDP | +1.9% |
| 2019 | 25.25 current LCU per US$ of GDP | +7.7% |
| 2020 | 28.45 current LCU per US$ of GDP | +12.6% |
| 2021 | 28.56 current LCU per US$ of GDP | +0.4% |
| 2022 | 32.14 current LCU per US$ of GDP | +12.5% |
| 2023 | 34.39 current LCU per US$ of GDP | +7.0% |
| 2024 | 36.94 current LCU per US$ of GDP | +7.4% |
| 2025 | 34.24 current LCU per US$ of GDP | -7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4948 current LCU per US$ of GDP | 0.2439 current LCU per US$ of GDP | 0.9357 current LCU per US$ of GDP | 10 |
| 1980s | 6.88 current LCU per US$ of GDP | 1.38 current LCU per US$ of GDP | 11.71 current LCU per US$ of GDP | 10 |
| 1990s | 13.43 current LCU per US$ of GDP | 10.96 current LCU per US$ of GDP | 17.96 current LCU per US$ of GDP | 10 |
| 2000s | 19.53 current LCU per US$ of GDP | 16.25 current LCU per US$ of GDP | 24.56 current LCU per US$ of GDP | 10 |
| 2010s | 21.5 current LCU per US$ of GDP | 17 current LCU per US$ of GDP | 25.25 current LCU per US$ of GDP | 10 |
| 2020s | 32.45 current LCU per US$ of GDP | 28.45 current LCU per US$ of GDP | 36.94 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 48 Bhutan 35.26 current LCU per US$ of GDP compare
- 49 Pakistan 35.13 current LCU per US$ of GDP compare
- 50 Bangladesh 34.49 current LCU per US$ of GDP compare
- 52 Yemen 33.1 current LCU per US$ of GDP compare
- 53 Nepal 32.13 current LCU per US$ of GDP compare
- 54 Vanuatu 29.04 current LCU per US$ of GDP 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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation (current lcu), per unit of gdp in Iceland?
- Gross fixed capital formation (current lcu), per unit of gdp in Iceland was 34.24 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 36.94 current LCU per US$ of GDP in 2024.
- What is the lowest gross fixed capital formation (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.2439 current LCU per US$ of GDP in 1970.
- How does Iceland rank for gross fixed capital formation (current lcu), per unit of gdp?
- Iceland ranks 51st out of 181 countries with data for 2025.
- Is gross fixed capital formation (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 35.8%. 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross fixed capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation (current LCU) ÷ GDP (current US$)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.