Gross Fixed Capital … Deflator Standard Local Currency in Iceland
Iceland: Gross Fixed Capital … Deflator Standard Local Currency was 154.71 SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation Deflator — Value Standard Local in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Iceland recorded 154.71 SLC for gross fixed capital formation deflator — value standard local in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 58.9% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Iceland peaked at 154.71 SLC in 2024 and was at its lowest, 0.11 SLC, in 1970.
Iceland ranks 60th of 208 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 … Deflator Standard Local Currency in Iceland, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.11 SLC | — |
| 1971 | 0.1185 SLC | +7.8% |
| 1972 | 0.143 SLC | +20.7% |
| 1973 | 0.1791 SLC | +25.2% |
| 1974 | 0.2556 SLC | +42.7% |
| 1975 | 0.3897 SLC | +52.5% |
| 1976 | 0.4916 SLC | +26.2% |
| 1977 | 0.6165 SLC | +25.4% |
| 1978 | 0.9029 SLC | +46.5% |
| 1979 | 1.31 SLC | +45.3% |
| 1980 | 2.01 SLC | +53.0% |
| 1981 | 3 SLC | +49.2% |
| 1982 | 4.69 SLC | +56.4% |
| 1983 | 8.2 SLC | +74.8% |
| 1984 | 9.76 SLC | +19.2% |
| 1985 | 12.76 SLC | +30.7% |
| 1986 | 15.69 SLC | +23.0% |
| 1987 | 18.23 SLC | +16.2% |
| 1988 | 21.63 SLC | +18.7% |
| 1989 | 27.29 SLC | +26.2% |
| 1990 | 31.64 SLC | +15.9% |
| 1991 | 33.8 SLC | +6.8% |
| 1992 | 34.54 SLC | +2.2% |
| 1993 | 35.74 SLC | +3.5% |
| 1994 | 37.13 SLC | +3.9% |
| 1995 | 38.28 SLC | +3.1% |
| 1996 | 39.7 SLC | +3.7% |
| 1997 | 40.67 SLC | +2.4% |
| 1998 | 41.39 SLC | +1.8% |
| 1999 | 42.23 SLC | +2.0% |
| 2000 | 42.96 SLC | +1.7% |
| 2001 | 47.68 SLC | +11.0% |
| 2002 | 49.52 SLC | +3.9% |
| 2003 | 50.35 SLC | +1.7% |
| 2004 | 51.21 SLC | +1.7% |
| 2005 | 51.17 SLC | -0.1% |
| 2006 | 57.07 SLC | +11.5% |
| 2007 | 60.31 SLC | +5.7% |
| 2008 | 73.08 SLC | +21.2% |
| 2009 | 86.01 SLC | +17.7% |
| 2010 | 89.15 SLC | +3.7% |
| 2011 | 92.08 SLC | +3.3% |
| 2012 | 95.22 SLC | +3.4% |
| 2013 | 97.08 SLC | +2.0% |
| 2014 | 97.34 SLC | +0.3% |
| 2015 | 100 SLC | +2.7% |
| 2016 | 99.77 SLC | -0.2% |
| 2017 | 98.7 SLC | -1.1% |
| 2018 | 104.16 SLC | +5.5% |
| 2019 | 110.35 SLC | +5.9% |
| 2020 | 117.36 SLC | +6.4% |
| 2021 | 123.54 SLC | +5.3% |
| 2022 | 134.12 SLC | +8.6% |
| 2023 | 146.84 SLC | +9.5% |
| 2024 | 154.71 SLC | +5.4% |
Iceland compared with similar countries
- Iceland's 154.71 SLC is above the median for high income countries, which is 126.84 SLC, 1.2× the median. (68 countries reporting)
- Iceland's 154.71 SLC is above the median for Europe & Central Asia, which is 134.82 SLC, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital … Deflator Standard Local Currency in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +74.8% | 4.69 SLC | 8.2 SLC |
| 1982 | +56.4% | 3 SLC | 4.69 SLC |
| 1980 | +53.0% | 1.31 SLC | 2.01 SLC |
| 1975 | +52.5% | 0.2556 SLC | 0.3897 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4519 SLC | 0.11 SLC | 1.31 SLC | 10 |
| 1980s | 12.33 SLC | 2.01 SLC | 27.29 SLC | 10 |
| 1990s | 37.51 SLC | 31.64 SLC | 42.23 SLC | 10 |
| 2000s | 56.93 SLC | 42.96 SLC | 86.01 SLC | 10 |
| 2010s | 98.38 SLC | 89.15 SLC | 110.35 SLC | 10 |
| 2020s | 135.32 SLC | 117.36 SLC | 154.71 SLC | 5 |
Countries ranked near Iceland
- 57 Malawi 157.33 SLC compare
- 58 Tajikistan 157.14 SLC compare
- 59 Sao Tome and Principe 155.79 SLC compare
- 61 Kenya 154.05 SLC compare
- 62 Bangladesh 153.31 SLC compare
- 63 Equatorial Guinea 152.74 SLC compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross fixed capital formation deflator — value standard local in Iceland?
- Gross fixed capital formation deflator — value standard local in Iceland was 154.71 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value standard local recorded in Iceland?
- The highest recorded value was 154.71 SLC in 2024.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Iceland?
- The lowest recorded value was 0.11 SLC in 1970.
- How does Iceland rank for gross fixed capital formation deflator — value standard local?
- Iceland ranks 60th out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Iceland?
- Over the last ten years it is up 58.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).