Gross Fixed Capital Formation Deflator — Value Standard Local in Iceland
Iceland: Gross Fixed Capital Formation Deflator — Value Standard Local 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 54th of 194 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 Deflator — Value Standard Local 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% |
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
- 51 Malawi 157.33 SLC compare
- 52 Tajikistan 157.14 SLC compare
- 53 Sao Tome and Principe 155.79 SLC compare
- 55 Kenya 154.05 SLC compare
- 56 Bangladesh 153.31 SLC compare
- 57 Equatorial Guinea 152.74 SLC 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (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 54th out of 194 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
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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).