Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, 2015 prices, per square was 0.0535 million USD per square kilometre in 2023. ▲ Rising
Latest (2023)
0.0535 million USD per square kilometre
Change on year
up 1.6%
World rank
122nd
of 194 countries
All-time high
0.0575 million USD per square kilometre
in 2006
All-time low
0.0091 million USD per square kilometre
in 1970
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices, per square in Iceland is 0.0535 million USD per square kilometre, measured in 2023.
The figure is up 1.6% on the previous year and up 123.4% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per square in Iceland peaked at 0.0575 million USD per square kilometre in 2006 and was at its lowest, 0.0091 million USD per square kilometre, in 1970.
Iceland ranks 122nd of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Iceland, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1970 | 0.0091 million USD per square kilometre | — |
| 1971 | 0.013 million USD per square kilometre | +42.4% |
| 1972 | 0.0131 million USD per square kilometre | +0.9% |
| 1973 | 0.0161 million USD per square kilometre | +22.4% |
| 1974 | 0.0174 million USD per square kilometre | +7.9% |
| 1975 | 0.0158 million USD per square kilometre | -8.8% |
| 1976 | 0.0154 million USD per square kilometre | -2.7% |
| 1977 | 0.0172 million USD per square kilometre | +11.5% |
| 1978 | 0.0162 million USD per square kilometre | -5.5% |
| 1979 | 0.0159 million USD per square kilometre | -1.8% |
| 1980 | 0.0181 million USD per square kilometre | +13.9% |
| 1981 | 0.0184 million USD per square kilometre | +1.2% |
| 1982 | 0.0184 million USD per square kilometre | +0.1% |
| 1983 | 0.016 million USD per square kilometre | -12.7% |
| 1984 | 0.0175 million USD per square kilometre | +9.4% |
| 1985 | 0.0177 million USD per square kilometre | +1.0% |
| 1986 | 0.0174 million USD per square kilometre | -1.6% |
| 1987 | 0.0207 million USD per square kilometre | +18.8% |
| 1988 | 0.0207 million USD per square kilometre | -0.2% |
| 1989 | 0.019 million USD per square kilometre | -7.9% |
| 1990 | 0.0196 million USD per square kilometre | +3.0% |
| 1991 | 0.0201 million USD per square kilometre | +2.6% |
| 1992 | 0.018 million USD per square kilometre | -10.4% |
| 1993 | 0.0163 million USD per square kilometre | -9.8% |
| 1994 | 0.0162 million USD per square kilometre | -0.2% |
| 1995 | 0.016 million USD per square kilometre | -1.7% |
| 1996 | 0.0195 million USD per square kilometre | +22.3% |
| 1997 | 0.0217 million USD per square kilometre | +11.2% |
| 1998 | 0.0283 million USD per square kilometre | +30.6% |
| 1999 | 0.0274 million USD per square kilometre | -3.3% |
| 2000 | 0.0307 million USD per square kilometre | +11.9% |
| 2001 | 0.0295 million USD per square kilometre | -3.9% |
| 2002 | 0.0258 million USD per square kilometre | -12.4% |
| 2003 | 0.0282 million USD per square kilometre | +9.3% |
| 2004 | 0.0357 million USD per square kilometre | +26.3% |
| 2005 | 0.0464 million USD per square kilometre | +30.2% |
| 2006 | 0.0575 million USD per square kilometre | +23.8% |
| 2007 | 0.0512 million USD per square kilometre | -11.0% |
| 2008 | 0.0417 million USD per square kilometre | -18.5% |
| 2009 | 0.0219 million USD per square kilometre | -47.5% |
| 2010 | 0.0201 million USD per square kilometre | -8.4% |
| 2011 | 0.0223 million USD per square kilometre | +10.9% |
| 2012 | 0.0234 million USD per square kilometre | +5.1% |
| 2013 | 0.0239 million USD per square kilometre | +2.2% |
| 2014 | 0.0278 million USD per square kilometre | +16.1% |
| 2015 | 0.0338 million USD per square kilometre | +21.5% |
| 2016 | 0.0399 million USD per square kilometre | +18.0% |
| 2017 | 0.0441 million USD per square kilometre | +10.6% |
| 2018 | 0.0448 million USD per square kilometre | +1.7% |
| 2019 | 0.043 million USD per square kilometre | -4.1% |
| 2020 | 0.0398 million USD per square kilometre | -7.4% |
| 2021 | 0.0455 million USD per square kilometre | +14.3% |
| 2022 | 0.0526 million USD per square kilometre | +15.7% |
| 2023 | 0.0535 million USD per square kilometre | +1.6% |
Iceland compared with similar countries
- Iceland's 0.0535 million USD per square kilometre is below the median for high income countries, which is 0.6883 million USD per square kilometre, 8% of the median. (73 countries reporting)
- Iceland's 0.0535 million USD per square kilometre is below the median for Europe & Central Asia, which is 0.2754 million USD per square kilometre, 19% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0149 million USD per square kilometre | 0.0091 million USD per square kilometre | 0.0174 million USD per square kilometre | 10 |
| 1980s | 0.0184 million USD per square kilometre | 0.016 million USD per square kilometre | 0.0207 million USD per square kilometre | 10 |
| 1990s | 0.0203 million USD per square kilometre | 0.016 million USD per square kilometre | 0.0283 million USD per square kilometre | 10 |
| 2000s | 0.0369 million USD per square kilometre | 0.0219 million USD per square kilometre | 0.0575 million USD per square kilometre | 10 |
| 2010s | 0.0323 million USD per square kilometre | 0.0201 million USD per square kilometre | 0.0448 million USD per square kilometre | 10 |
| 2020s | 0.0479 million USD per square kilometre | 0.0398 million USD per square kilometre | 0.0535 million USD per square kilometre | 4 |
Countries ranked near Iceland
- 119 Colombia 0.0574 million USD per square kilometre compare
- 120 Honduras 0.0572 million USD per square kilometre compare
- 121 Egypt 0.0558 million USD per square kilometre compare
- 123 Pakistan 0.0529 million USD per square kilometre compare
- 124 Uganda 0.0527 million USD per square kilometre compare
- 125 Benin 0.0526 million USD 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices, per square in Iceland?
- Gross fixed capital formation — value us$, 2015 prices, per square in Iceland was 0.0535 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per square recorded in Iceland?
- The highest recorded value was 0.0575 million USD per square kilometre in 2006.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per square recorded in Iceland?
- The lowest recorded value was 0.0091 million USD per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation — value us$, 2015 prices, per square?
- Iceland ranks 122nd out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, 2015 prices, per square rising or falling in Iceland?
- Over the last ten years it is up 123.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, per 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 US$, 2015 prices divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value US$, 2015 prices 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.