Gross Fixed Capital Formation — Value US$, per capita in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, per capita was 0.0222 million USD per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, per capita in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
In 2024, gross fixed capital formation — value us$, per capita in Iceland stood at 0.0222 million USD per person. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 13.0% on the previous year and up 136.9% over ten years.
Over the whole period, gross fixed capital formation — value us$, per capita in Iceland peaked at 0.0222 million USD per person in 2024 and was at its lowest, 0.0007 million USD per person, in 1970.
Iceland ranks 5th of 194 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per capita in Iceland, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1970 | 0.0007 million USD per person | — |
| 1971 | 0.0011 million USD per person | +52.2% |
| 1972 | 0.0013 million USD per person | +19.6% |
| 1973 | 0.002 million USD per person | +47.9% |
| 1974 | 0.0027 million USD per person | +37.0% |
| 1975 | 0.0024 million USD per person | -10.7% |
| 1976 | 0.0025 million USD per person | +2.5% |
| 1977 | 0.0032 million USD per person | +27.1% |
| 1978 | 0.0032 million USD per person | +0.7% |
| 1979 | 0.0035 million USD per person | +8.7% |
| 1980 | 0.0044 million USD per person | +26.8% |
| 1981 | 0.0044 million USD per person | -0.9% |
| 1982 | 0.0039 million USD per person | -9.7% |
| 1983 | 0.003 million USD per person | -25.1% |
| 1984 | 0.003 million USD per person | +1.1% |
| 1985 | 0.003 million USD per person | +0.0% |
| 1986 | 0.0036 million USD per person | +21.4% |
| 1987 | 0.0052 million USD per person | +45.0% |
| 1988 | 0.0055 million USD per person | +4.8% |
| 1989 | 0.0048 million USD per person | -13.4% |
| 1990 | 0.0055 million USD per person | +16.0% |
| 1991 | 0.0059 million USD per person | +7.0% |
| 1992 | 0.0055 million USD per person | -7.3% |
| 1993 | 0.0043 million USD per person | -21.3% |
| 1994 | 0.0043 million USD per person | -0.7% |
| 1995 | 0.0047 million USD per person | +9.0% |
| 1996 | 0.0057 million USD per person | +22.8% |
| 1997 | 0.0061 million USD per person | +6.0% |
| 1998 | 0.008 million USD per person | +31.4% |
| 1999 | 0.0076 million USD per person | -4.4% |
| 2000 | 0.0079 million USD per person | +3.3% |
| 2001 | 0.0067 million USD per person | -15.0% |
| 2002 | 0.0064 million USD per person | -4.1% |
| 2003 | 0.0085 million USD per person | +31.8% |
| 2004 | 0.0118 million USD per person | +39.2% |
| 2005 | 0.0168 million USD per person | +42.8% |
| 2006 | 0.0204 million USD per person | +21.1% |
| 2007 | 0.0204 million USD per person | +0.4% |
| 2008 | 0.0144 million USD per person | -29.4% |
| 2009 | 0.0063 million USD per person | -56.2% |
| 2010 | 0.0061 million USD per person | -3.8% |
| 2011 | 0.0073 million USD per person | +20.4% |
| 2012 | 0.0074 million USD per person | +0.3% |
| 2013 | 0.0078 million USD per person | +5.7% |
| 2014 | 0.0094 million USD per person | +20.5% |
| 2015 | 0.0102 million USD per person | +9.3% |
| 2016 | 0.013 million USD per person | +26.8% |
| 2017 | 0.0157 million USD per person | +20.8% |
| 2018 | 0.0163 million USD per person | +3.7% |
| 2019 | 0.0143 million USD per person | -12.2% |
| 2020 | 0.0125 million USD per person | -12.3% |
| 2021 | 0.0158 million USD per person | +26.2% |
| 2022 | 0.0182 million USD per person | +15.0% |
| 2023 | 0.0196 million USD per person | +8.1% |
| 2024 | 0.0222 million USD per person | +13.0% |
Iceland compared with similar countries
- Iceland's 0.0222 million USD per person is above the median for high income countries, which is 0.0085 million USD per person, 2.6× the median. (73 countries reporting)
- Iceland's 0.0222 million USD per person is above the median for Europe & Central Asia, which is 0.0056 million USD per person, 3.9× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0023 million USD per person | 0.0007 million USD per person | 0.0035 million USD per person | 10 |
| 1980s | 0.0041 million USD per person | 0.003 million USD per person | 0.0055 million USD per person | 10 |
| 1990s | 0.0058 million USD per person | 0.0043 million USD per person | 0.008 million USD per person | 10 |
| 2000s | 0.012 million USD per person | 0.0063 million USD per person | 0.0204 million USD per person | 10 |
| 2010s | 0.0107 million USD per person | 0.0061 million USD per person | 0.0163 million USD per person | 10 |
| 2020s | 0.0177 million USD per person | 0.0125 million USD per person | 0.0222 million USD per person | 5 |
Countries ranked near Iceland
- 2 Liechtenstein 0.0537 million USD per person compare
- 3 Qatar 0.0279 million USD per person compare
- 4 Switzerland 0.0254 million USD per person compare
- 6 Luxembourg 0.0216 million USD per person compare
- 7 Norway 0.0206 million USD per person compare
- 8 Cayman Islands 0.0204 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, per capita in Iceland?
- Gross fixed capital formation — value us$, per capita in Iceland was 0.0222 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per capita recorded in Iceland?
- The highest recorded value was 0.0222 million USD per person in 2024.
- What is the lowest gross fixed capital formation — value us$, per capita recorded in Iceland?
- The lowest recorded value was 0.0007 million USD per person in 1970.
- How does Iceland rank for gross fixed capital formation — value us$, per capita?
- Iceland ranks 5th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, per capita rising or falling in Iceland?
- Over the last ten years it is up 136.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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$ 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$ ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.