Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, 2015 prices, per capita was 0.015 million USD per person in 2024. ▲ Rising
Latest (2024)
0.015 million USD per person
Change on year
up 7.2%
World rank
10th
of 194 countries
All-time high
0.019 million USD per person
in 2006
All-time low
0.0045 million USD per person
in 1970
Years of data
55
1970–2024
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
Iceland recorded 0.015 million USD per person for gross fixed capital formation — value us$, 2015 prices, per capita in 2024.
That represents a change of up 7.2% on the previous year and up 76.1% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per capita in Iceland peaked at 0.019 million USD per person in 2006 and was at its lowest, 0.0045 million USD per person, in 1970.
Iceland ranks 10th of 194 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Iceland, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1970 | 0.0045 million USD per person | — |
| 1971 | 0.0063 million USD per person | +41.2% |
| 1972 | 0.0063 million USD per person | -0.6% |
| 1973 | 0.0076 million USD per person | +20.6% |
| 1974 | 0.0081 million USD per person | +6.5% |
| 1975 | 0.0073 million USD per person | -10.0% |
| 1976 | 0.007 million USD per person | -3.7% |
| 1977 | 0.0078 million USD per person | +10.7% |
| 1978 | 0.0073 million USD per person | -6.3% |
| 1979 | 0.0071 million USD per person | -2.7% |
| 1980 | 0.008 million USD per person | +12.7% |
| 1981 | 0.008 million USD per person | +0.0% |
| 1982 | 0.0079 million USD per person | -1.3% |
| 1983 | 0.0068 million USD per person | -13.9% |
| 1984 | 0.0073 million USD per person | +8.2% |
| 1985 | 0.0074 million USD per person | +0.2% |
| 1986 | 0.0072 million USD per person | -2.3% |
| 1987 | 0.0084 million USD per person | +17.5% |
| 1988 | 0.0083 million USD per person | -1.8% |
| 1989 | 0.0075 million USD per person | -9.0% |
| 1990 | 0.0077 million USD per person | +2.2% |
| 1991 | 0.0078 million USD per person | +1.4% |
| 1992 | 0.0069 million USD per person | -11.5% |
| 1993 | 0.0062 million USD per person | -10.7% |
| 1994 | 0.0061 million USD per person | -1.1% |
| 1995 | 0.006 million USD per person | -2.2% |
| 1996 | 0.0073 million USD per person | +21.7% |
| 1997 | 0.008 million USD per person | +10.3% |
| 1998 | 0.0104 million USD per person | +29.2% |
| 1999 | 0.0099 million USD per person | -4.5% |
| 2000 | 0.0109 million USD per person | +10.4% |
| 2001 | 0.0104 million USD per person | -5.1% |
| 2002 | 0.009 million USD per person | -13.2% |
| 2003 | 0.0098 million USD per person | +8.5% |
| 2004 | 0.0122 million USD per person | +25.2% |
| 2005 | 0.0157 million USD per person | +28.2% |
| 2006 | 0.019 million USD per person | +20.9% |
| 2007 | 0.0165 million USD per person | -13.2% |
| 2008 | 0.0132 million USD per person | -20.0% |
| 2009 | 0.0069 million USD per person | -47.6% |
| 2010 | 0.0063 million USD per person | -8.3% |
| 2011 | 0.007 million USD per person | +10.6% |
| 2012 | 0.0073 million USD per person | +4.6% |
| 2013 | 0.0074 million USD per person | +1.3% |
| 2014 | 0.0085 million USD per person | +14.9% |
| 2015 | 0.0102 million USD per person | +20.2% |
| 2016 | 0.0119 million USD per person | +16.4% |
| 2017 | 0.0129 million USD per person | +8.0% |
| 2018 | 0.0128 million USD per person | -0.4% |
| 2019 | 0.012 million USD per person | -6.2% |
| 2020 | 0.011 million USD per person | -8.9% |
| 2021 | 0.0123 million USD per person | +12.5% |
| 2022 | 0.0139 million USD per person | +12.8% |
| 2023 | 0.014 million USD per person | +0.6% |
| 2024 | 0.015 million USD per person | +7.2% |
Iceland compared with similar countries
- Iceland's 0.015 million USD per person is above the median for high income countries, which is 0.007 million USD per person, 2.2× the median. (73 countries reporting)
- Iceland's 0.015 million USD per person is above the median for Europe & Central Asia, which is 0.0044 million USD per person, 3.4× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0069 million USD per person | 0.0045 million USD per person | 0.0081 million USD per person | 10 |
| 1980s | 0.0077 million USD per person | 0.0068 million USD per person | 0.0084 million USD per person | 10 |
| 1990s | 0.0076 million USD per person | 0.006 million USD per person | 0.0104 million USD per person | 10 |
| 2000s | 0.0124 million USD per person | 0.0069 million USD per person | 0.019 million USD per person | 10 |
| 2010s | 0.0096 million USD per person | 0.0063 million USD per person | 0.0129 million USD per person | 10 |
| 2020s | 0.0132 million USD per person | 0.011 million USD per person | 0.015 million USD per person | 5 |
Countries ranked near Iceland
- 7 Luxembourg 0.0164 million USD per person compare
- 8 Cayman Islands 0.016 million USD per person compare
- 9 Singapore 0.016 million USD per person compare
- 11 United States 0.0148 million USD per person compare
- 12 Australia 0.0147 million USD per person compare
- 13 Ireland 0.0144 million USD per person 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices, per capita in Iceland?
- Gross fixed capital formation — value us$, 2015 prices, per capita in Iceland was 0.015 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Iceland?
- The highest recorded value was 0.019 million USD per person in 2006.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Iceland?
- The lowest recorded value was 0.0045 million USD per person in 1970.
- How does Iceland rank for gross fixed capital formation — value us$, 2015 prices, per capita?
- Iceland ranks 10th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices, per capita rising or falling in Iceland?
- Over the last ten years it is up 76.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value US$, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.