Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 764,626 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, 2015 in Iceland is 764,626 million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 7.5% on the previous year and up 107.9% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Iceland peaked at 764,626 million SLC in 2024 and was at its lowest, 120,933 million SLC, in 1970.
Iceland ranks 56th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 120,933 million SLC | — |
| 1971 | 172,149 million SLC | +42.4% |
| 1972 | 173,656 million SLC | +0.9% |
| 1973 | 212,614 million SLC | +22.4% |
| 1974 | 229,463 million SLC | +7.9% |
| 1975 | 209,216 million SLC | -8.8% |
| 1976 | 203,530 million SLC | -2.7% |
| 1977 | 226,917 million SLC | +11.5% |
| 1978 | 214,344 million SLC | -5.5% |
| 1979 | 210,550 million SLC | -1.8% |
| 1980 | 239,912 million SLC | +13.9% |
| 1981 | 242,754 million SLC | +1.2% |
| 1982 | 242,906 million SLC | +0.1% |
| 1983 | 211,989 million SLC | -12.7% |
| 1984 | 231,851 million SLC | +9.4% |
| 1985 | 234,236 million SLC | +1.0% |
| 1986 | 230,601 million SLC | -1.6% |
| 1987 | 273,866 million SLC | +18.8% |
| 1988 | 273,307 million SLC | -0.2% |
| 1989 | 251,813 million SLC | -7.9% |
| 1990 | 259,392 million SLC | +3.0% |
| 1991 | 266,108 million SLC | +2.6% |
| 1992 | 238,555 million SLC | -10.4% |
| 1993 | 215,170 million SLC | -9.8% |
| 1994 | 214,717 million SLC | -0.2% |
| 1995 | 211,040 million SLC | -1.7% |
| 1996 | 258,134 million SLC | +22.3% |
| 1997 | 287,104 million SLC | +11.2% |
| 1998 | 374,867 million SLC | +30.6% |
| 1999 | 362,368 million SLC | -3.3% |
| 2000 | 405,576 million SLC | +11.9% |
| 2001 | 389,909 million SLC | -3.9% |
| 2002 | 341,624 million SLC | -12.4% |
| 2003 | 373,233 million SLC | +9.3% |
| 2004 | 471,559 million SLC | +26.3% |
| 2005 | 614,173 million SLC | +30.2% |
| 2006 | 760,444 million SLC | +23.8% |
| 2007 | 676,712 million SLC | -11.0% |
| 2008 | 551,806 million SLC | -18.5% |
| 2009 | 289,933 million SLC | -47.5% |
| 2010 | 265,547 million SLC | -8.4% |
| 2011 | 294,570 million SLC | +10.9% |
| 2012 | 309,715 million SLC | +5.1% |
| 2013 | 316,630 million SLC | +2.2% |
| 2014 | 367,749 million SLC | +16.1% |
| 2015 | 446,757 million SLC | +21.5% |
| 2016 | 527,123 million SLC | +18.0% |
| 2017 | 582,817 million SLC | +10.6% |
| 2018 | 596,247 million SLC | +2.3% |
| 2019 | 571,800 million SLC | -4.1% |
| 2020 | 529,559 million SLC | -7.4% |
| 2021 | 605,407 million SLC | +14.3% |
| 2022 | 700,310 million SLC | +15.7% |
| 2023 | 711,561 million SLC | +1.6% |
| 2024 | 764,626 million SLC | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 197,337 million SLC | 120,933 million SLC | 229,463 million SLC | 10 |
| 1980s | 243,324 million SLC | 211,989 million SLC | 273,866 million SLC | 10 |
| 1990s | 268,746 million SLC | 211,040 million SLC | 374,867 million SLC | 10 |
| 2000s | 487,497 million SLC | 289,933 million SLC | 760,444 million SLC | 10 |
| 2010s | 427,896 million SLC | 265,547 million SLC | 596,247 million SLC | 10 |
| 2020s | 662,293 million SLC | 529,559 million SLC | 764,626 million SLC | 5 |
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)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 92.99 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 9.14 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (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 764,626 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Iceland?
- The highest recorded value was 764,626 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Iceland?
- The lowest recorded value was 120,933 million SLC in 1970.
- How does Iceland rank for gross fixed capital formation — value standard local currency, 2015?
- Iceland ranks 56th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Iceland?
- Over the last ten years it is up 107.9%. The long-run trend across the full record is rising.
- 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 — 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 Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).