Gross Fixed Capital Formation — Value US$, 2015 prices in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, 2015 prices was 5,796 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Iceland is 5,796 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 107.9% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Iceland peaked at 5,796 million USD in 2024 and was at its lowest, 916.72 million USD, in 1970.
Iceland ranks 108th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,496 million USD | 916.72 million USD | 1,739 million USD | 10 |
| 1980s | 1,844 million USD | 1,607 million USD | 2,076 million USD | 10 |
| 1990s | 2,037 million USD | 1,600 million USD | 2,842 million USD | 10 |
| 2000s | 3,695 million USD | 2,198 million USD | 5,764 million USD | 10 |
| 2010s | 3,244 million USD | 2,013 million USD | 4,520 million USD | 10 |
| 2020s | 5,020 million USD | 4,014 million USD | 5,796 million USD | 5 |
Countries ranked near Iceland
- 105 China, Macao SAR 5,988 million USD compare
- 106 Mongolia 5,939 million USD compare
- 107 Mozambique 5,927 million USD compare
- 109 Tajikistan 5,630 million USD compare
- 110 Libya 5,532 million USD compare
- 111 Sudan 5,454 million USD compare
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Iceland?
- Gross fixed capital formation — value us$, 2015 prices in Iceland was 5,796 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Iceland?
- The highest recorded value was 5,796 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Iceland?
- The lowest recorded value was 916.72 million USD in 1970.
- How does Iceland rank for gross fixed capital formation — value us$, 2015 prices?
- Iceland ranks 108th out of 200 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 107.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).