Gross fixed capital formation (current LCU) in Iceland
Iceland: Gross fixed capital formation (current LCU) was 1.32 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
1.32 trillion current LCU
Change on year
up 7.8%
World rank
62nd
of 181 countries
All-time high
1.32 trillion current LCU
in 2025
All-time low
132.98 million current 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 current LCU.
Analysis
Iceland recorded 1.32 trillion current LCU for gross fixed capital formation in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 7.8% on the previous year and up 196.0% over ten years.
Over the whole period, gross fixed capital formation in Iceland peaked at 1.32 trillion current LCU in 2025 and was at its lowest, 132.98 million current LCU, in 1970.
That places Iceland 62nd out of 181 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 (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 132.98 million current LCU | — |
| 1971 | 204.00 million current LCU | +53.4% |
| 1972 | 248.36 million current LCU | +21.7% |
| 1973 | 380.71 million current LCU | +53.3% |
| 1974 | 586.43 million current LCU | +54.0% |
| 1975 | 815.22 million current LCU | +39.0% |
| 1976 | 1.00 billion current LCU | +22.7% |
| 1977 | 1.40 billion current LCU | +39.8% |
| 1978 | 1.94 billion current LCU | +38.3% |
| 1979 | 2.76 billion current LCU | +42.8% |
| 1980 | 4.82 billion current LCU | +74.4% |
| 1981 | 7.28 billion current LCU | +51.0% |
| 1982 | 11.39 billion current LCU | +56.5% |
| 1983 | 17.37 billion current LCU | +52.6% |
| 1984 | 22.64 billion current LCU | +30.3% |
| 1985 | 29.89 billion current LCU | +32.0% |
| 1986 | 36.19 billion current LCU | +21.1% |
| 1987 | 49.92 billion current LCU | +37.9% |
| 1988 | 59.12 billion current LCU | +18.4% |
| 1989 | 68.72 billion current LCU | +16.2% |
| 1990 | 82.08 billion current LCU | +19.4% |
| 1991 | 89.95 billion current LCU | +9.6% |
| 1992 | 82.39 billion current LCU | -8.4% |
| 1993 | 76.91 billion current LCU | -6.6% |
| 1994 | 79.72 billion current LCU | +3.7% |
| 1995 | 80.78 billion current LCU | +1.3% |
| 1996 | 102.49 billion current LCU | +26.9% |
| 1997 | 116.77 billion current LCU | +13.9% |
| 1998 | 155.16 billion current LCU | +32.9% |
| 1999 | 153.02 billion current LCU | -1.4% |
| 2000 | 174.24 billion current LCU | +13.9% |
| 2001 | 185.89 billion current LCU | +6.7% |
| 2002 | 169.19 billion current LCU | -9.0% |
| 2003 | 187.91 billion current LCU | +11.1% |
| 2004 | 241.48 billion current LCU | +28.5% |
| 2005 | 314.27 billion current LCU | +30.1% |
| 2006 | 434.02 billion current LCU | +38.1% |
| 2007 | 408.10 billion current LCU | -6.0% |
| 2008 | 403.24 billion current LCU | -1.2% |
| 2009 | 249.36 billion current LCU | -38.2% |
| 2010 | 236.72 billion current LCU | -5.1% |
| 2011 | 271.24 billion current LCU | +14.6% |
| 2012 | 295.02 billion current LCU | +8.8% |
| 2013 | 306.50 billion current LCU | +3.9% |
| 2014 | 358.50 billion current LCU | +17.0% |
| 2015 | 446.40 billion current LCU | +24.5% |
| 2016 | 526.47 billion current LCU | +17.9% |
| 2017 | 576.92 billion current LCU | +9.6% |
| 2018 | 625.74 billion current LCU | +8.5% |
| 2019 | 631.01 billion current LCU | +0.8% |
| 2020 | 626.82 billion current LCU | -0.7% |
| 2021 | 749.16 billion current LCU | +19.5% |
| 2022 | 937.62 billion current LCU | +25.2% |
| 2023 | 1.09 trillion current LCU | +16.3% |
| 2024 | 1.23 trillion current LCU | +12.5% |
| 2025 | 1.32 trillion current LCU | +7.8% |
Iceland compared with similar countries
- Iceland's 1.32 trillion current LCU is above the median for high income countries, which is 147.41 billion current LCU, 9.0× the median. (64 countries reporting)
- Iceland's 1.32 trillion current LCU is above the median for Europe & Central Asia, which is 153.41 billion current LCU, 8.6× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 946.57 million current LCU | 132.98 million current LCU | 2.76 billion current LCU | 10 |
| 1980s | 30.73 billion current LCU | 4.82 billion current LCU | 68.72 billion current LCU | 10 |
| 1990s | 101.93 billion current LCU | 76.91 billion current LCU | 155.16 billion current LCU | 10 |
| 2000s | 276.77 billion current LCU | 169.19 billion current LCU | 434.02 billion current LCU | 10 |
| 2010s | 427.45 billion current LCU | 236.72 billion current LCU | 631.01 billion current LCU | 10 |
| 2020s | 991.85 billion current LCU | 626.82 billion current LCU | 1.32 trillion current 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Iceland?
- Gross fixed capital formation in Iceland was 1.32 trillion current 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 1.32 trillion current LCU in 2025.
- What is the lowest gross fixed capital formation recorded in Iceland?
- The lowest recorded value was 132.98 million current LCU in 1970.
- How does Iceland rank for gross fixed capital formation?
- Iceland ranks 62nd out of 181 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Iceland?
- Over the last ten years it is up 196.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.