Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) 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$, 2015 prices in Iceland peaked at 5,796 million USD in 2024 and was at its lowest, 916.72 million USD, in 1970.
Iceland ranks 127th of 235 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 916.72 million USD | — |
| 1971 | 1,305 million USD | +42.4% |
| 1972 | 1,316 million USD | +0.9% |
| 1973 | 1,612 million USD | +22.4% |
| 1974 | 1,739 million USD | +7.9% |
| 1975 | 1,586 million USD | -8.8% |
| 1976 | 1,543 million USD | -2.7% |
| 1977 | 1,720 million USD | +11.5% |
| 1978 | 1,625 million USD | -5.5% |
| 1979 | 1,596 million USD | -1.8% |
| 1980 | 1,819 million USD | +13.9% |
| 1981 | 1,840 million USD | +1.2% |
| 1982 | 1,841 million USD | +0.1% |
| 1983 | 1,607 million USD | -12.7% |
| 1984 | 1,758 million USD | +9.4% |
| 1985 | 1,776 million USD | +1.0% |
| 1986 | 1,748 million USD | -1.6% |
| 1987 | 2,076 million USD | +18.8% |
| 1988 | 2,072 million USD | -0.2% |
| 1989 | 1,909 million USD | -7.9% |
| 1990 | 1,966 million USD | +3.0% |
| 1991 | 2,017 million USD | +2.6% |
| 1992 | 1,808 million USD | -10.4% |
| 1993 | 1,631 million USD | -9.8% |
| 1994 | 1,628 million USD | -0.2% |
| 1995 | 1,600 million USD | -1.7% |
| 1996 | 1,957 million USD | +22.3% |
| 1997 | 2,176 million USD | +11.2% |
| 1998 | 2,842 million USD | +30.6% |
| 1999 | 2,747 million USD | -3.3% |
| 2000 | 3,074 million USD | +11.9% |
| 2001 | 2,956 million USD | -3.9% |
| 2002 | 2,590 million USD | -12.4% |
| 2003 | 2,829 million USD | +9.3% |
| 2004 | 3,575 million USD | +26.3% |
| 2005 | 4,656 million USD | +30.2% |
| 2006 | 5,764 million USD | +23.8% |
| 2007 | 5,130 million USD | -11.0% |
| 2008 | 4,183 million USD | -18.5% |
| 2009 | 2,198 million USD | -47.5% |
| 2010 | 2,013 million USD | -8.4% |
| 2011 | 2,233 million USD | +10.9% |
| 2012 | 2,348 million USD | +5.1% |
| 2013 | 2,400 million USD | +2.2% |
| 2014 | 2,788 million USD | +16.1% |
| 2015 | 3,387 million USD | +21.5% |
| 2016 | 3,996 million USD | +18.0% |
| 2017 | 4,418 million USD | +10.6% |
| 2018 | 4,520 million USD | +2.3% |
| 2019 | 4,334 million USD | -4.1% |
| 2020 | 4,014 million USD | -7.4% |
| 2021 | 4,589 million USD | +14.3% |
| 2022 | 5,309 million USD | +15.7% |
| 2023 | 5,394 million USD | +1.6% |
| 2024 | 5,796 million USD | +7.5% |
Iceland compared with similar countries
- Iceland's 5,796 million USD is below the median for high income countries, which is 13,942 million USD, 42% of the median. (73 countries reporting)
- Iceland's 5,796 million USD is below the median for Europe & Central Asia, which is 18,064 million USD, 32% of the median. (52 countries reporting)
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
- 124 China, Macao SAR 5,988 million USD compare
- 125 Mongolia 5,939 million USD compare
- 126 Mozambique 5,927 million USD compare
- 128 Tajikistan 5,630 million USD compare
- 129 Libya 5,532 million USD compare
- 130 Sudan 5,454 million USD 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (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$, 2015 prices?
- Iceland ranks 127th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 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
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).