Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland
Iceland: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
Iceland recorded 0 million SLC per US$ of GDP for gross fixed capital formation — value standard local currency, per in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 79.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Iceland peaked at 0 million SLC per US$ of GDP in 2024 and was at its lowest, 0 million SLC per US$ of GDP, in 1970.
Iceland ranks 51st of 193 countries on this measure, 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 US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million SLC per US$ of GDP | — |
| 1971 | 0 million SLC per US$ of GDP | +20.6% |
| 1972 | 0 million SLC per US$ of GDP | -2.8% |
| 1973 | 0 million SLC per US$ of GDP | +11.5% |
| 1974 | 0 million SLC per US$ of GDP | +17.4% |
| 1975 | 0 million SLC per US$ of GDP | +49.7% |
| 1976 | 0 million SLC per US$ of GDP | +3.4% |
| 1977 | 0 million SLC per US$ of GDP | +5.7% |
| 1978 | 0 million SLC per US$ of GDP | +21.6% |
| 1979 | 0 million SLC per US$ of GDP | +25.7% |
| 1980 | 0 million SLC per US$ of GDP | +47.2% |
| 1981 | 0 million SLC per US$ of GDP | +46.2% |
| 1982 | 0 million SLC per US$ of GDP | +70.5% |
| 1983 | 0 million SLC per US$ of GDP | +76.9% |
| 1984 | 0 million SLC per US$ of GDP | +25.8% |
| 1985 | 0 million SLC per US$ of GDP | +26.7% |
| 1986 | 0 million SLC per US$ of GDP | -9.4% |
| 1987 | 0 million SLC per US$ of GDP | -0.3% |
| 1988 | 0 million SLC per US$ of GDP | +7.1% |
| 1989 | 0 million SLC per US$ of GDP | +25.1% |
| 1990 | 0 million SLC per US$ of GDP | +4.7% |
| 1991 | 0 million SLC per US$ of GDP | +2.6% |
| 1992 | 0 million SLC per US$ of GDP | -10.6% |
| 1993 | 0 million SLC per US$ of GDP | +6.3% |
| 1994 | 0 million SLC per US$ of GDP | +0.9% |
| 1995 | 0 million SLC per US$ of GDP | -9.1% |
| 1996 | 0 million SLC per US$ of GDP | +21.7% |
| 1997 | 0 million SLC per US$ of GDP | +13.5% |
| 1998 | 0 million SLC per US$ of GDP | +18.7% |
| 1999 | 0 million SLC per US$ of GDP | -6.5% |
| 2000 | 0 million SLC per US$ of GDP | +13.5% |
| 2001 | 0 million SLC per US$ of GDP | +17.2% |
| 2002 | 0 million SLC per US$ of GDP | -19.5% |
| 2003 | 0 million SLC per US$ of GDP | -9.6% |
| 2004 | 0 million SLC per US$ of GDP | +6.4% |
| 2005 | 0 million SLC per US$ of GDP | +6.0% |
| 2006 | 0 million SLC per US$ of GDP | +34.0% |
| 2007 | 0 million SLC per US$ of GDP | -24.3% |
| 2008 | 0 million SLC per US$ of GDP | +18.9% |
| 2009 | 0 million SLC per US$ of GDP | -14.6% |
| 2010 | 0 million SLC per US$ of GDP | -9.9% |
| 2011 | 0 million SLC per US$ of GDP | +3.6% |
| 2012 | 0 million SLC per US$ of GDP | +12.0% |
| 2013 | 0 million SLC per US$ of GDP | -4.1% |
| 2014 | 0 million SLC per US$ of GDP | +4.8% |
| 2015 | 0 million SLC per US$ of GDP | +27.3% |
| 2016 | 0 million SLC per US$ of GDP | -1.2% |
| 2017 | 0 million SLC per US$ of GDP | -8.0% |
| 2018 | 0 million SLC per US$ of GDP | +1.4% |
| 2019 | 0 million SLC per US$ of GDP | +8.5% |
| 2020 | 0 million SLC per US$ of GDP | +11.7% |
| 2021 | 0 million SLC per US$ of GDP | +1.1% |
| 2022 | 0 million SLC per US$ of GDP | +12.9% |
| 2023 | 0 million SLC per US$ of GDP | +2.4% |
| 2024 | 0 million SLC per US$ of GDP | +8.1% |
Iceland compared with similar countries
- Iceland's 0 million SLC per US$ of GDP is above the median for high income countries, which is 0 million SLC per US$ of GDP, 118.9× the median. (72 countries reporting)
- Iceland's 0 million SLC per US$ of GDP is above the median for Europe & Central Asia, which is 0 million SLC per US$ of GDP, 126.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1980s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1990s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2000s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2010s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2020s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, per in Iceland?
- Gross fixed capital formation — value standard local currency, per in Iceland was 0 million SLC per US$ of GDP 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 0 million SLC per US$ of GDP in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Iceland?
- The lowest recorded value was 0 million SLC per US$ of GDP in 1970.
- How does Iceland rank for gross fixed capital formation — value standard local currency, per?
- Iceland ranks 51st out of 193 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 79.7%. 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, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.