Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, per was 3.06 million SLC per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross fixed capital formation — value standard local currency, per in Iceland stood at 3.06 million SLC per person. That is the highest value across all 55 years on record.
The figure is up 13.0% on the previous year and up 179.9% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Iceland peaked at 3.06 million SLC per person in 2024 and was at its lowest, 0.0007 million SLC per person, in 1970.
Iceland ranks 12th of 194 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0007 million SLC per person | — |
| 1971 | 0.001 million SLC per person | +52.2% |
| 1972 | 0.0012 million SLC per person | +20.0% |
| 1973 | 0.0018 million SLC per person | +51.0% |
| 1974 | 0.0027 million SLC per person | +52.0% |
| 1975 | 0.0037 million SLC per person | +37.2% |
| 1976 | 0.0045 million SLC per person | +21.5% |
| 1977 | 0.0063 million SLC per person | +38.8% |
| 1978 | 0.0087 million SLC per person | +37.3% |
| 1979 | 0.0122 million SLC per person | +41.4% |
| 1980 | 0.0211 million SLC per person | +72.6% |
| 1981 | 0.0315 million SLC per person | +49.3% |
| 1982 | 0.0487 million SLC per person | +54.4% |
| 1983 | 0.0733 million SLC per person | +50.6% |
| 1984 | 0.0945 million SLC per person | +28.9% |
| 1985 | 0.1238 million SLC per person | +31.0% |
| 1986 | 0.1488 million SLC per person | +20.2% |
| 1987 | 0.2031 million SLC per person | +36.4% |
| 1988 | 0.2367 million SLC per person | +16.6% |
| 1989 | 0.2718 million SLC per person | +14.8% |
| 1990 | 0.3221 million SLC per person | +18.5% |
| 1991 | 0.3489 million SLC per person | +8.3% |
| 1992 | 0.3156 million SLC per person | -9.5% |
| 1993 | 0.2916 million SLC per person | -7.6% |
| 1994 | 0.2997 million SLC per person | +2.8% |
| 1995 | 0.302 million SLC per person | +0.8% |
| 1996 | 0.3811 million SLC per person | +26.2% |
| 1997 | 0.4307 million SLC per person | +13.0% |
| 1998 | 0.5662 million SLC per person | +31.5% |
| 1999 | 0.5517 million SLC per person | -2.6% |
| 2000 | 0.6196 million SLC per person | +12.3% |
| 2001 | 0.6523 million SLC per person | +5.3% |
| 2002 | 0.5884 million SLC per person | -9.8% |
| 2003 | 0.649 million SLC per person | +10.3% |
| 2004 | 0.8268 million SLC per person | +27.4% |
| 2005 | 1.06 million SLC per person | +28.1% |
| 2006 | 1.43 million SLC per person | +34.9% |
| 2007 | 1.31 million SLC per person | -8.3% |
| 2008 | 1.27 million SLC per person | -3.0% |
| 2009 | 0.7829 million SLC per person | -38.4% |
| 2010 | 0.7443 million SLC per person | -4.9% |
| 2011 | 0.8502 million SLC per person | +14.2% |
| 2012 | 0.9195 million SLC per person | +8.2% |
| 2013 | 0.9494 million SLC per person | +3.2% |
| 2014 | 1.09 million SLC per person | +15.2% |
| 2015 | 1.35 million SLC per person | +23.5% |
| 2016 | 1.57 million SLC per person | +16.1% |
| 2017 | 1.68 million SLC per person | +6.8% |
| 2018 | 1.76 million SLC per person | +5.1% |
| 2019 | 1.75 million SLC per person | -0.6% |
| 2020 | 1.7 million SLC per person | -3.1% |
| 2021 | 2.01 million SLC per person | +18.4% |
| 2022 | 2.46 million SLC per person | +22.5% |
| 2023 | 2.71 million SLC per person | +10.2% |
| 2024 | 3.06 million SLC per person | +13.0% |
Iceland compared with similar countries
- Iceland's 3.06 million SLC per person is above the median for high income countries, which is 0.0157 million SLC per person, 195.2× the median. (73 countries reporting)
- Iceland's 3.06 million SLC per person is above the median for Europe & Central Asia, which is 0.0141 million SLC per person, 217.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0043 million SLC per person | 0.0007 million SLC per person | 0.0122 million SLC per person | 10 |
| 1980s | 0.1253 million SLC per person | 0.0211 million SLC per person | 0.2718 million SLC per person | 10 |
| 1990s | 0.381 million SLC per person | 0.2916 million SLC per person | 0.5662 million SLC per person | 10 |
| 2000s | 0.9187 million SLC per person | 0.5884 million SLC per person | 1.43 million SLC per person | 10 |
| 2010s | 1.27 million SLC per person | 0.7443 million SLC per person | 1.76 million SLC per person | 10 |
| 2020s | 2.39 million SLC per person | 1.7 million SLC per person | 3.06 million SLC per person | 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)
- 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, per in Iceland?
- Gross fixed capital formation — value standard local currency, per in Iceland was 3.06 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Iceland?
- The highest recorded value was 3.06 million SLC per person in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Iceland?
- The lowest recorded value was 0.0007 million SLC per person in 1970.
- How does Iceland rank for gross fixed capital formation — value standard local currency, per?
- Iceland ranks 12th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Iceland?
- Over the last ten years it is up 179.9%. 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, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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 divided by Population, total, 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 ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.