Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, per was 10.36 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
10.36 million SLC per square kilometre
Change on year
up 11.2%
World rank
61st
of 194 countries
All-time high
10.36 million SLC per square kilometre
in 2023
All-time low
0.0013 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, per in Iceland is 10.36 million SLC per square kilometre, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 11.2% on the previous year and up 238.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Iceland peaked at 10.36 million SLC per square kilometre in 2023 and was at its lowest, 0.0013 million SLC per square kilometre, in 1970.
That places Iceland 61st out of 194 countries with data for 2023, putting it in the middle of the range.
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 square kilometre | Change |
|---|---|---|
| 1970 | 0.0013 million SLC per square kilometre | — |
| 1971 | 0.002 million SLC per square kilometre | +53.4% |
| 1972 | 0.0025 million SLC per square kilometre | +21.7% |
| 1973 | 0.0038 million SLC per square kilometre | +53.3% |
| 1974 | 0.0058 million SLC per square kilometre | +54.0% |
| 1975 | 0.0081 million SLC per square kilometre | +39.0% |
| 1976 | 0.01 million SLC per square kilometre | +22.7% |
| 1977 | 0.014 million SLC per square kilometre | +39.8% |
| 1978 | 0.0193 million SLC per square kilometre | +38.3% |
| 1979 | 0.0276 million SLC per square kilometre | +42.8% |
| 1980 | 0.0481 million SLC per square kilometre | +74.4% |
| 1981 | 0.0726 million SLC per square kilometre | +51.0% |
| 1982 | 0.1136 million SLC per square kilometre | +56.5% |
| 1983 | 0.1733 million SLC per square kilometre | +52.6% |
| 1984 | 0.2258 million SLC per square kilometre | +30.3% |
| 1985 | 0.2981 million SLC per square kilometre | +32.0% |
| 1986 | 0.361 million SLC per square kilometre | +21.1% |
| 1987 | 0.498 million SLC per square kilometre | +37.9% |
| 1988 | 0.5898 million SLC per square kilometre | +18.4% |
| 1989 | 0.6855 million SLC per square kilometre | +16.2% |
| 1990 | 0.8187 million SLC per square kilometre | +19.4% |
| 1991 | 0.8972 million SLC per square kilometre | +9.6% |
| 1992 | 0.8218 million SLC per square kilometre | -8.4% |
| 1993 | 0.7672 million SLC per square kilometre | -6.6% |
| 1994 | 0.7952 million SLC per square kilometre | +3.7% |
| 1995 | 0.8058 million SLC per square kilometre | +1.3% |
| 1996 | 1.02 million SLC per square kilometre | +26.9% |
| 1997 | 1.16 million SLC per square kilometre | +13.9% |
| 1998 | 1.55 million SLC per square kilometre | +32.9% |
| 1999 | 1.53 million SLC per square kilometre | -1.4% |
| 2000 | 1.74 million SLC per square kilometre | +13.9% |
| 2001 | 1.85 million SLC per square kilometre | +6.7% |
| 2002 | 1.69 million SLC per square kilometre | -9.0% |
| 2003 | 1.87 million SLC per square kilometre | +11.1% |
| 2004 | 2.41 million SLC per square kilometre | +28.5% |
| 2005 | 3.13 million SLC per square kilometre | +30.1% |
| 2006 | 4.33 million SLC per square kilometre | +38.1% |
| 2007 | 4.07 million SLC per square kilometre | -6.0% |
| 2008 | 4.02 million SLC per square kilometre | -1.2% |
| 2009 | 2.49 million SLC per square kilometre | -38.2% |
| 2010 | 2.36 million SLC per square kilometre | -5.1% |
| 2011 | 2.71 million SLC per square kilometre | +14.6% |
| 2012 | 2.94 million SLC per square kilometre | +8.7% |
| 2013 | 3.07 million SLC per square kilometre | +4.2% |
| 2014 | 3.57 million SLC per square kilometre | +16.5% |
| 2015 | 4.46 million SLC per square kilometre | +24.8% |
| 2016 | 5.25 million SLC per square kilometre | +17.7% |
| 2017 | 5.74 million SLC per square kilometre | +9.4% |
| 2018 | 6.16 million SLC per square kilometre | +7.3% |
| 2019 | 6.26 million SLC per square kilometre | +1.6% |
| 2020 | 6.16 million SLC per square kilometre | -1.5% |
| 2021 | 7.42 million SLC per square kilometre | +20.3% |
| 2022 | 9.32 million SLC per square kilometre | +25.6% |
| 2023 | 10.36 million SLC per square kilometre | +11.2% |
Iceland compared with similar countries
- Iceland's 10.36 million SLC per square kilometre is above the median for high income countries, which is 2.4 million SLC per square kilometre, 4.3× the median. (73 countries reporting)
- Iceland's 10.36 million SLC per square kilometre is above the median for Europe & Central Asia, which is 1.89 million SLC per square kilometre, 5.5× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0094 million SLC per square kilometre | 0.0013 million SLC per square kilometre | 0.0276 million SLC per square kilometre | 10 |
| 1980s | 0.3066 million SLC per square kilometre | 0.0481 million SLC per square kilometre | 0.6855 million SLC per square kilometre | 10 |
| 1990s | 1.02 million SLC per square kilometre | 0.7672 million SLC per square kilometre | 1.55 million SLC per square kilometre | 10 |
| 2000s | 2.76 million SLC per square kilometre | 1.69 million SLC per square kilometre | 4.33 million SLC per square kilometre | 10 |
| 2010s | 4.25 million SLC per square kilometre | 2.36 million SLC per square kilometre | 6.26 million SLC per square kilometre | 10 |
| 2020s | 8.32 million SLC per square kilometre | 6.16 million SLC per square kilometre | 10.36 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 58 Liechtenstein 11.55 million SLC per square kilometre compare
- 59 Turkey 10.99 million SLC per square kilometre compare
- 60 Seychelles 10.73 million SLC per square kilometre compare
- 62 Nepal 9.36 million SLC per square kilometre compare
- 63 North Macedonia 8.83 million SLC per square kilometre compare
- 64 Djibouti 8.4 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, per in Iceland?
- Gross fixed capital formation — value standard local currency, per in Iceland was 10.36 million SLC per square kilometre in 2023, 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 10.36 million SLC per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Iceland?
- The lowest recorded value was 0.0013 million SLC per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation — value standard local currency, per?
- Iceland ranks 61st out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Iceland?
- Over the last ten years it is up 238.0%. 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 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 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 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.