Gross fixed capital formation in Iceland
Iceland: Gross fixed capital formation was 10.29 billion current US$ in 2025. ◆ Volatile
Latest (2025)
10.29 billion current US$
Change on year
up 15.7%
World rank
94th
of 181 countries
All-time high
10.29 billion current US$
in 2025
All-time low
151.11 million current US$
in 1970
Years of data
56
1970–2025
Gross fixed capital formation in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in Iceland is 10.29 billion current US$, measured in 2025. That is the highest value across all 56 years on record.
That represents a change of up 15.7% on the previous year and up 204.0% over ten years.
Over the whole period, gross fixed capital formation in Iceland peaked at 10.29 billion current US$ in 2025 and was at its lowest, 151.11 million current US$, in 1970.
Iceland ranks 94th of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 151.11 million current US$ | — |
| 1971 | 231.82 million current US$ | +53.4% |
| 1972 | 281.40 million current US$ | +21.4% |
| 1973 | 422.40 million current US$ | +50.1% |
| 1974 | 586.73 million current US$ | +38.9% |
| 1975 | 530.40 million current US$ | -9.6% |
| 1976 | 549.21 million current US$ | +3.5% |
| 1977 | 703.43 million current US$ | +28.1% |
| 1978 | 713.86 million current US$ | +1.5% |
| 1979 | 783.67 million current US$ | +9.8% |
| 1980 | 1.00 billion current US$ | +28.2% |
| 1981 | 1.01 billion current US$ | +0.3% |
| 1982 | 921.97 million current US$ | -8.5% |
| 1983 | 699.33 million current US$ | -24.1% |
| 1984 | 714.34 million current US$ | +2.1% |
| 1985 | 720.08 million current US$ | +0.8% |
| 1986 | 880.45 million current US$ | +22.3% |
| 1987 | 1.29 billion current US$ | +46.6% |
| 1988 | 1.37 billion current US$ | +6.5% |
| 1989 | 1.20 billion current US$ | -12.3% |
| 1990 | 1.41 billion current US$ | +16.9% |
| 1991 | 1.52 billion current US$ | +8.3% |
| 1992 | 1.43 billion current US$ | -6.1% |
| 1993 | 1.14 billion current US$ | -20.5% |
| 1994 | 1.14 billion current US$ | +0.2% |
| 1995 | 1.25 billion current US$ | +9.6% |
| 1996 | 1.54 billion current US$ | +23.4% |
| 1997 | 1.65 billion current US$ | +6.9% |
| 1998 | 2.19 billion current US$ | +32.8% |
| 1999 | 2.12 billion current US$ | -3.3% |
| 2000 | 2.22 billion current US$ | +4.8% |
| 2001 | 1.91 billion current US$ | -13.9% |
| 2002 | 1.85 billion current US$ | -3.3% |
| 2003 | 2.45 billion current US$ | +32.7% |
| 2004 | 3.44 billion current US$ | +40.4% |
| 2005 | 4.99 billion current US$ | +45.0% |
| 2006 | 6.18 billion current US$ | +23.9% |
| 2007 | 6.37 billion current US$ | +3.0% |
| 2008 | 4.59 billion current US$ | -28.0% |
| 2009 | 2.02 billion current US$ | -56.0% |
| 2010 | 1.94 billion current US$ | -4.0% |
| 2011 | 2.34 billion current US$ | +20.8% |
| 2012 | 2.36 billion current US$ | +0.8% |
| 2013 | 2.51 billion current US$ | +6.4% |
| 2014 | 3.07 billion current US$ | +22.4% |
| 2015 | 3.38 billion current US$ | +10.2% |
| 2016 | 4.36 billion current US$ | +28.8% |
| 2017 | 5.40 billion current US$ | +23.9% |
| 2018 | 5.78 billion current US$ | +7.0% |
| 2019 | 5.15 billion current US$ | -10.9% |
| 2020 | 4.63 billion current US$ | -10.1% |
| 2021 | 5.90 billion current US$ | +27.5% |
| 2022 | 6.93 billion current US$ | +17.5% |
| 2023 | 7.90 billion current US$ | +14.0% |
| 2024 | 8.89 billion current US$ | +12.4% |
| 2025 | 10.29 billion current US$ | +15.7% |
Iceland compared with similar countries
- Iceland's 10.29 billion current US$ is below the median for high income countries, which is 50.73 billion current US$, 20% of the median. (64 countries reporting)
- Iceland's 10.29 billion current US$ is below the median for Europe & Central Asia, which is 31.73 billion current US$, 32% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 495.40 million current US$ | 151.11 million current US$ | 783.67 million current US$ | 10 |
| 1980s | 981.78 million current US$ | 699.33 million current US$ | 1.37 billion current US$ | 10 |
| 1990s | 1.54 billion current US$ | 1.14 billion current US$ | 2.19 billion current US$ | 10 |
| 2000s | 3.60 billion current US$ | 1.85 billion current US$ | 6.37 billion current US$ | 10 |
| 2010s | 3.63 billion current US$ | 1.94 billion current US$ | 5.78 billion current US$ | 10 |
| 2020s | 7.42 billion current US$ | 4.63 billion current US$ | 10.29 billion current US$ | 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Iceland?
- Gross fixed capital formation in Iceland was 10.29 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Iceland?
- The highest recorded value was 10.29 billion current US$ in 2025.
- What is the lowest gross fixed capital formation recorded in Iceland?
- The lowest recorded value was 151.11 million current US$ in 1970.
- How does Iceland rank for gross fixed capital formation?
- Iceland ranks 94th 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 204.0%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.