Gross fixed capital formation (current US$), per square kilometre in Iceland
Iceland: Gross fixed capital formation (current US$), per square kilometre was 78,386 current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
78,386 current US$ per square kilometre
Change on year
up 14.0%
World rank
95th
of 177 countries
All-time high
78,386 current US$ per square kilometre
in 2023
All-time low
1,507 current US$ per square kilometre
in 1970
Years of data
54
1970–2023
Gross fixed capital formation (current US$), per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, gross fixed capital formation (current us$), per square kilometre in Iceland stood at 78,386 current US$ per square kilometre. That is the highest value across all 54 years on record.
That represents a change of up 14.0% on the previous year and up 213.2% over ten years.
Over the whole period, gross fixed capital formation (current us$), per square kilometre in Iceland peaked at 78,386 current US$ per square kilometre in 2023 and was at its lowest, 1,507 current US$ per square kilometre, in 1970.
Iceland ranks 95th of 177 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 US$), per square kilometre in Iceland, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1970 | 1,507 current US$ per square kilometre | — |
| 1971 | 2,312 current US$ per square kilometre | +53.4% |
| 1972 | 2,807 current US$ per square kilometre | +21.4% |
| 1973 | 4,213 current US$ per square kilometre | +50.1% |
| 1974 | 5,853 current US$ per square kilometre | +38.9% |
| 1975 | 5,291 current US$ per square kilometre | -9.6% |
| 1976 | 5,478 current US$ per square kilometre | +3.5% |
| 1977 | 7,017 current US$ per square kilometre | +28.1% |
| 1978 | 7,121 current US$ per square kilometre | +1.5% |
| 1979 | 7,817 current US$ per square kilometre | +9.8% |
| 1980 | 10,019 current US$ per square kilometre | +28.2% |
| 1981 | 10,046 current US$ per square kilometre | +0.3% |
| 1982 | 9,197 current US$ per square kilometre | -8.5% |
| 1983 | 6,976 current US$ per square kilometre | -24.1% |
| 1984 | 7,126 current US$ per square kilometre | +2.1% |
| 1985 | 7,183 current US$ per square kilometre | +0.8% |
| 1986 | 8,783 current US$ per square kilometre | +22.3% |
| 1987 | 12,875 current US$ per square kilometre | +46.6% |
| 1988 | 13,711 current US$ per square kilometre | +6.5% |
| 1989 | 12,018 current US$ per square kilometre | -12.3% |
| 1990 | 14,047 current US$ per square kilometre | +16.9% |
| 1991 | 15,208 current US$ per square kilometre | +8.3% |
| 1992 | 14,281 current US$ per square kilometre | -6.1% |
| 1993 | 11,349 current US$ per square kilometre | -20.5% |
| 1994 | 11,370 current US$ per square kilometre | +0.2% |
| 1995 | 12,456 current US$ per square kilometre | +9.6% |
| 1996 | 15,373 current US$ per square kilometre | +23.4% |
| 1997 | 16,427 current US$ per square kilometre | +6.9% |
| 1998 | 21,811 current US$ per square kilometre | +32.8% |
| 1999 | 21,101 current US$ per square kilometre | -3.3% |
| 2000 | 22,107 current US$ per square kilometre | +4.8% |
| 2001 | 19,033 current US$ per square kilometre | -13.9% |
| 2002 | 18,412 current US$ per square kilometre | -3.3% |
| 2003 | 24,435 current US$ per square kilometre | +32.7% |
| 2004 | 34,317 current US$ per square kilometre | +40.4% |
| 2005 | 49,774 current US$ per square kilometre | +45.0% |
| 2006 | 61,690 current US$ per square kilometre | +23.9% |
| 2007 | 63,552 current US$ per square kilometre | +3.0% |
| 2008 | 45,736 current US$ per square kilometre | -28.0% |
| 2009 | 20,118 current US$ per square kilometre | -56.0% |
| 2010 | 19,317 current US$ per square kilometre | -4.0% |
| 2011 | 23,334 current US$ per square kilometre | +20.8% |
| 2012 | 23,527 current US$ per square kilometre | +0.8% |
| 2013 | 25,024 current US$ per square kilometre | +6.4% |
| 2014 | 30,626 current US$ per square kilometre | +22.4% |
| 2015 | 33,755 current US$ per square kilometre | +10.2% |
| 2016 | 43,469 current US$ per square kilometre | +28.8% |
| 2017 | 53,864 current US$ per square kilometre | +23.9% |
| 2018 | 57,302 current US$ per square kilometre | +6.4% |
| 2019 | 51,042 current US$ per square kilometre | -10.9% |
| 2020 | 45,906 current US$ per square kilometre | -10.1% |
| 2021 | 58,508 current US$ per square kilometre | +27.5% |
| 2022 | 68,739 current US$ per square kilometre | +17.5% |
| 2023 | 78,386 current US$ per square kilometre | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,942 current US$ per square kilometre | 1,507 current US$ per square kilometre | 7,817 current US$ per square kilometre | 10 |
| 1980s | 9,793 current US$ per square kilometre | 6,976 current US$ per square kilometre | 13,711 current US$ per square kilometre | 10 |
| 1990s | 15,342 current US$ per square kilometre | 11,349 current US$ per square kilometre | 21,811 current US$ per square kilometre | 10 |
| 2000s | 35,917 current US$ per square kilometre | 18,412 current US$ per square kilometre | 63,552 current US$ per square kilometre | 10 |
| 2010s | 36,126 current US$ per square kilometre | 19,317 current US$ per square kilometre | 57,302 current US$ per square kilometre | 10 |
| 2020s | 62,885 current US$ per square kilometre | 45,906 current US$ per square kilometre | 78,386 current US$ per square kilometre | 4 |
Countries ranked near Iceland
- 92 Oman 83,286 current US$ per square kilometre compare
- 93 Morocco 82,052 current US$ per square kilometre compare
- 94 Belarus 80,538 current US$ per square kilometre compare
- 96 Cambodia 78,376 current US$ per square kilometre compare
- 97 Uruguay 78,289 current US$ per square kilometre compare
- 98 Iran, Islamic Republic of 77,308 current US$ 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation (current us$), per square kilometre in Iceland?
- Gross fixed capital formation (current us$), per square kilometre in Iceland was 78,386 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), per square kilometre recorded in Iceland?
- The highest recorded value was 78,386 current US$ per square kilometre in 2023.
- What is the lowest gross fixed capital formation (current us$), per square kilometre recorded in Iceland?
- The lowest recorded value was 1,507 current US$ per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation (current us$), per square kilometre?
- Iceland ranks 95th out of 177 countries with data for 2023.
- Is gross fixed capital formation (current us$), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 213.2%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross fixed capital formation (current US$) 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 US$) ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (current US$) 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.