Gross Fixed Capital Formation — Value Standard Local Currency, annual in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, annual was 13.21 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Iceland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, annual in Iceland stood at 13.21 % change on previous year.
Compared with earlier readings it is up 17.5% on the previous year and down 19.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, annual in Iceland peaked at 74.39 % change on previous year in 1980 and was at its lowest, -38.16 % change on previous year, in 2009.
Iceland ranks 38th of 230 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 53.41 % change on previous year | — |
| 1972 | 21.75 % change on previous year | -59.3% |
| 1973 | 53.29 % change on previous year | +145.0% |
| 1974 | 54.04 % change on previous year | +1.4% |
| 1975 | 39.01 % change on previous year | -27.8% |
| 1976 | 22.73 % change on previous year | -41.7% |
| 1977 | 39.82 % change on previous year | +75.2% |
| 1978 | 38.35 % change on previous year | -3.7% |
| 1979 | 42.78 % change on previous year | +11.6% |
| 1980 | 74.39 % change on previous year | +73.9% |
| 1981 | 50.99 % change on previous year | -31.4% |
| 1982 | 56.51 % change on previous year | +10.8% |
| 1983 | 52.56 % change on previous year | -7.0% |
| 1984 | 30.32 % change on previous year | -42.3% |
| 1985 | 32.02 % change on previous year | +5.6% |
| 1986 | 21.08 % change on previous year | -34.2% |
| 1987 | 37.94 % change on previous year | +80.0% |
| 1988 | 18.43 % change on previous year | -51.4% |
| 1989 | 16.24 % change on previous year | -11.9% |
| 1990 | 19.43 % change on previous year | +19.6% |
| 1991 | 9.59 % change on previous year | -50.7% |
| 1992 | -8.4 % change on previous year | -187.7% |
| 1993 | -6.65 % change on previous year | -20.9% |
| 1994 | 3.65 % change on previous year | -155.0% |
| 1995 | 1.33 % change on previous year | -63.7% |
| 1996 | 26.87 % change on previous year | +1922.9% |
| 1997 | 13.93 % change on previous year | -48.1% |
| 1998 | 32.88 % change on previous year | +136.0% |
| 1999 | -1.38 % change on previous year | -104.2% |
| 2000 | 13.86 % change on previous year | -1106.6% |
| 2001 | 6.69 % change on previous year | -51.7% |
| 2002 | -8.99 % change on previous year | -234.3% |
| 2003 | 11.06 % change on previous year | -223.1% |
| 2004 | 28.51 % change on previous year | +157.7% |
| 2005 | 30.14 % change on previous year | +5.7% |
| 2006 | 38.1 % change on previous year | +26.4% |
| 2007 | -5.97 % change on previous year | -115.7% |
| 2008 | -1.19 % change on previous year | -80.1% |
| 2009 | -38.16 % change on previous year | +3107.7% |
| 2010 | -5.07 % change on previous year | -86.7% |
| 2011 | 14.58 % change on previous year | -387.7% |
| 2012 | 8.73 % change on previous year | -40.1% |
| 2013 | 4.23 % change on previous year | -51.5% |
| 2014 | 16.46 % change on previous year | +289.3% |
| 2015 | 24.8 % change on previous year | +50.6% |
| 2016 | 17.72 % change on previous year | -28.6% |
| 2017 | 9.38 % change on previous year | -47.1% |
| 2018 | 7.97 % change on previous year | -15.0% |
| 2019 | 1.59 % change on previous year | -80.0% |
| 2020 | -1.5 % change on previous year | -193.9% |
| 2021 | 20.34 % change on previous year | -1459.6% |
| 2022 | 25.58 % change on previous year | +25.8% |
| 2023 | 11.24 % change on previous year | -56.0% |
| 2024 | 13.21 % change on previous year | +17.5% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, annual 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 |
|---|---|---|---|
| 2009 | -3107.7% | -1.19 % change on previous year | -38.16 % change on previous year |
| 1996 | +1922.9% | 1.33 % change on previous year | 26.87 % change on previous year |
| 2021 | +1459.6% | -1.5 % change on previous year | 20.34 % change on previous year |
| 2000 | +1106.6% | -1.38 % change on previous year | 13.86 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.57 % change on previous year | 21.75 % change on previous year | 54.04 % change on previous year | 9 |
| 1980s | 39.05 % change on previous year | 16.24 % change on previous year | 74.39 % change on previous year | 10 |
| 1990s | 9.13 % change on previous year | -8.4 % change on previous year | 32.88 % change on previous year | 10 |
| 2000s | 7.41 % change on previous year | -38.16 % change on previous year | 38.1 % change on previous year | 10 |
| 2010s | 10.04 % change on previous year | -5.07 % change on previous year | 24.8 % change on previous year | 10 |
| 2020s | 13.78 % change on previous year | -1.5 % change on previous year | 25.58 % change on previous year | 5 |
Countries ranked near Iceland
- 35 Mozambique 13.94 % change on previous year compare
- 36 Kenya 13.88 % change on previous year compare
- 37 Central African Republic 13.64 % change on previous year compare
- 39 Malaysia 13.18 % change on previous year compare
- 40 Sao Tome and Principe 12.75 % change on previous year compare
- 41 Mauritius 12.66 % change on previous year 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, annual in Iceland?
- Gross fixed capital formation — value standard local currency, annual in Iceland was 13.21 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, annual recorded in Iceland?
- The highest recorded value was 74.39 % change on previous year in 1980.
- What is the lowest gross fixed capital formation — value standard local currency, annual recorded in Iceland?
- The lowest recorded value was -38.16 % change on previous year in 2009.
- How does Iceland rank for gross fixed capital formation — value standard local currency, annual?
- Iceland ranks 38th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, annual rising or falling in Iceland?
- Over the last ten years it is down 19.7%. The long-run trend across the full record is volatile.
- 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, annual growth rate. 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
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.