Gross fixed capital formation in Iceland
Iceland: Gross fixed capital formation was 26.7% in 2025. ▼ Falling
Gross fixed capital formation in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, gross fixed capital formation in Iceland stood at 26.7%.
The figure is down 0.4% on the previous year and up 39.5% over ten years.
Over the whole period, gross fixed capital formation in Iceland peaked at 37.4% in 1974 and was at its lowest, 13.9%, in 2010.
That places Iceland 47th out of 180 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Gross fixed capital formation in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 27.7% | — |
| 1971 | 33.4% | +20.6% |
| 1972 | 32.4% | -3.1% |
| 1973 | 35.4% | +9.2% |
| 1974 | 37.4% | +5.8% |
| 1975 | 36.4% | -2.6% |
| 1976 | 31.8% | -12.7% |
| 1977 | 30.8% | -3.2% |
| 1978 | 27.5% | -10.8% |
| 1979 | 26.5% | -3.4% |
| 1980 | 28.7% | +8.2% |
| 1981 | 27.9% | -2.9% |
| 1982 | 27.8% | -0.3% |
| 1983 | 24.4% | -12.1% |
| 1984 | 24.1% | -1.4% |
| 1985 | 23.3% | -3.2% |
| 1986 | 21.3% | -8.5% |
| 1987 | 22.6% | +5.9% |
| 1988 | 21.7% | -3.7% |
| 1989 | 20.5% | -5.6% |
| 1990 | 21.0% | +2.5% |
| 1991 | 21.3% | +1.4% |
| 1992 | 19.5% | -8.4% |
| 1993 | 17.7% | -9.5% |
| 1994 | 17.2% | -2.5% |
| 1995 | 16.9% | -1.7% |
| 1996 | 20.1% | +18.4% |
| 1997 | 21.3% | +6.4% |
| 1998 | 25.3% | +18.6% |
| 1999 | 23.2% | -8.2% |
| 2000 | 24.2% | +4.4% |
| 2001 | 22.9% | -5.5% |
| 2002 | 19.6% | -14.5% |
| 2003 | 21.2% | +8.1% |
| 2004 | 24.6% | +16.3% |
| 2005 | 29.1% | +18.1% |
| 2006 | 35.0% | +20.3% |
| 2007 | 29.0% | -17.1% |
| 2008 | 25.1% | -13.4% |
| 2009 | 15.3% | -39.2% |
| 2010 | 13.9% | -8.9% |
| 2011 | 15.2% | +9.2% |
| 2012 | 15.8% | +3.9% |
| 2013 | 15.4% | -2.2% |
| 2014 | 17.0% | +10.1% |
| 2015 | 19.1% | +12.4% |
| 2016 | 20.7% | +8.1% |
| 2017 | 21.5% | +4.3% |
| 2018 | 21.7% | +0.5% |
| 2019 | 20.6% | -4.9% |
| 2020 | 21.0% | +2.0% |
| 2021 | 22.5% | +7.0% |
| 2022 | 23.8% | +5.6% |
| 2023 | 24.9% | +4.9% |
| 2024 | 26.8% | +7.4% |
| 2025 | 26.7% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.9% | 26.5% | 37.4% | 10 |
| 1980s | 24.2% | 20.5% | 28.7% | 10 |
| 1990s | 20.4% | 16.9% | 25.3% | 10 |
| 2000s | 24.6% | 15.3% | 35.0% | 10 |
| 2010s | 18.1% | 13.9% | 21.7% | 10 |
| 2020s | 24.3% | 21.0% | 26.8% | 6 |
Countries ranked near Iceland
- 44 Mauritania 27.0% compare
- 45 Brunei Darussalam 26.9% compare
- 46 Morocco 26.8% compare
- 48 Czechia 26.4% compare
- 49 Tonga 26.2% compare
- 50 Switzerland 26.0% 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)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2006 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 19,720 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.17 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.76 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.53 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Iceland?
- Gross fixed capital formation in Iceland was 26.7% 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 37.4% in 1974.
- What is the lowest gross fixed capital formation recorded in Iceland?
- The lowest recorded value was 13.9% in 2010.
- How does Iceland rank for gross fixed capital formation?
- Iceland ranks 47th out of 180 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Iceland?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.