Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 7.06 million SLC per square kilometre in 2023. ▲ Rising
Latest (2023)
7.06 million SLC per square kilometre
Change on year
up 1.6%
World rank
59th
of 194 countries
All-time high
7.59 million SLC per square kilometre
in 2006
All-time low
1.21 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross fixed capital formation — value standard local currency, 2015 in Iceland stood at 7.06 million SLC per square kilometre.
That represents a change of up 1.6% on the previous year and up 123.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Iceland peaked at 7.59 million SLC per square kilometre in 2006 and was at its lowest, 1.21 million SLC per square kilometre, in 1970.
That places Iceland 59th out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 1.21 million SLC per square kilometre | — |
| 1971 | 1.72 million SLC per square kilometre | +42.4% |
| 1972 | 1.73 million SLC per square kilometre | +0.9% |
| 1973 | 2.12 million SLC per square kilometre | +22.4% |
| 1974 | 2.29 million SLC per square kilometre | +7.9% |
| 1975 | 2.09 million SLC per square kilometre | -8.8% |
| 1976 | 2.03 million SLC per square kilometre | -2.7% |
| 1977 | 2.26 million SLC per square kilometre | +11.5% |
| 1978 | 2.14 million SLC per square kilometre | -5.5% |
| 1979 | 2.1 million SLC per square kilometre | -1.8% |
| 1980 | 2.39 million SLC per square kilometre | +13.9% |
| 1981 | 2.42 million SLC per square kilometre | +1.2% |
| 1982 | 2.42 million SLC per square kilometre | +0.1% |
| 1983 | 2.11 million SLC per square kilometre | -12.7% |
| 1984 | 2.31 million SLC per square kilometre | +9.4% |
| 1985 | 2.34 million SLC per square kilometre | +1.0% |
| 1986 | 2.3 million SLC per square kilometre | -1.6% |
| 1987 | 2.73 million SLC per square kilometre | +18.8% |
| 1988 | 2.73 million SLC per square kilometre | -0.2% |
| 1989 | 2.51 million SLC per square kilometre | -7.9% |
| 1990 | 2.59 million SLC per square kilometre | +3.0% |
| 1991 | 2.65 million SLC per square kilometre | +2.6% |
| 1992 | 2.38 million SLC per square kilometre | -10.4% |
| 1993 | 2.15 million SLC per square kilometre | -9.8% |
| 1994 | 2.14 million SLC per square kilometre | -0.2% |
| 1995 | 2.11 million SLC per square kilometre | -1.7% |
| 1996 | 2.57 million SLC per square kilometre | +22.3% |
| 1997 | 2.86 million SLC per square kilometre | +11.2% |
| 1998 | 3.74 million SLC per square kilometre | +30.6% |
| 1999 | 3.61 million SLC per square kilometre | -3.3% |
| 2000 | 4.05 million SLC per square kilometre | +11.9% |
| 2001 | 3.89 million SLC per square kilometre | -3.9% |
| 2002 | 3.41 million SLC per square kilometre | -12.4% |
| 2003 | 3.72 million SLC per square kilometre | +9.3% |
| 2004 | 4.7 million SLC per square kilometre | +26.3% |
| 2005 | 6.13 million SLC per square kilometre | +30.2% |
| 2006 | 7.59 million SLC per square kilometre | +23.8% |
| 2007 | 6.75 million SLC per square kilometre | -11.0% |
| 2008 | 5.5 million SLC per square kilometre | -18.5% |
| 2009 | 2.89 million SLC per square kilometre | -47.5% |
| 2010 | 2.65 million SLC per square kilometre | -8.4% |
| 2011 | 2.94 million SLC per square kilometre | +10.9% |
| 2012 | 3.09 million SLC per square kilometre | +5.1% |
| 2013 | 3.16 million SLC per square kilometre | +2.2% |
| 2014 | 3.67 million SLC per square kilometre | +16.1% |
| 2015 | 4.46 million SLC per square kilometre | +21.5% |
| 2016 | 5.26 million SLC per square kilometre | +18.0% |
| 2017 | 5.81 million SLC per square kilometre | +10.6% |
| 2018 | 5.91 million SLC per square kilometre | +1.7% |
| 2019 | 5.67 million SLC per square kilometre | -4.1% |
| 2020 | 5.25 million SLC per square kilometre | -7.4% |
| 2021 | 6 million SLC per square kilometre | +14.3% |
| 2022 | 6.95 million SLC per square kilometre | +15.7% |
| 2023 | 7.06 million SLC per square kilometre | +1.6% |
Iceland compared with similar countries
- Iceland's 7.06 million SLC per square kilometre is above the median for high income countries, which is 1.92 million SLC per square kilometre, 3.7× the median. (73 countries reporting)
- Iceland's 7.06 million SLC per square kilometre is above the median for Europe & Central Asia, which is 1.13 million SLC per square kilometre, 6.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.97 million SLC per square kilometre | 1.21 million SLC per square kilometre | 2.29 million SLC per square kilometre | 10 |
| 1980s | 2.43 million SLC per square kilometre | 2.11 million SLC per square kilometre | 2.73 million SLC per square kilometre | 10 |
| 1990s | 2.68 million SLC per square kilometre | 2.11 million SLC per square kilometre | 3.74 million SLC per square kilometre | 10 |
| 2000s | 4.86 million SLC per square kilometre | 2.89 million SLC per square kilometre | 7.59 million SLC per square kilometre | 10 |
| 2010s | 4.26 million SLC per square kilometre | 2.65 million SLC per square kilometre | 5.91 million SLC per square kilometre | 10 |
| 2020s | 6.31 million SLC per square kilometre | 5.25 million SLC per square kilometre | 7.06 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 56 Burkina Faso 7.72 million SLC per square kilometre compare
- 57 Thailand 7.44 million SLC per square kilometre compare
- 58 Nepal 7.07 million SLC per square kilometre compare
- 60 Djibouti 6.82 million SLC per square kilometre compare
- 61 North Macedonia 6.38 million SLC per square kilometre compare
- 62 Mongolia 6.27 million SLC 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)
- 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 — value standard local currency, 2015 in Iceland?
- Gross fixed capital formation — value standard local currency, 2015 in Iceland was 7.06 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Iceland?
- The highest recorded value was 7.59 million SLC per square kilometre in 2006.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Iceland?
- The lowest recorded value was 1.21 million SLC per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation — value standard local currency, 2015?
- Iceland ranks 59th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Iceland?
- Over the last ten years it is up 123.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, 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 — Value Standard Local Currency, 2015 prices 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 — Value Standard Local Currency, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices 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.