Gross Fixed Capital Formation — Value US$, per square kilometre in Iceland
Iceland: Gross Fixed Capital Formation — Value US$, per square kilometre was 0.0751 million USD per square kilometre in 2023. ◆ Volatile
Latest (2023)
0.0751 million USD per square kilometre
Change on year
up 9.1%
World rank
115th
of 194 countries
All-time high
0.0751 million USD per square kilometre
in 2023
All-time low
0.0015 million USD per square kilometre
in 1970
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value US$, per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value us$, per square kilometre in Iceland is 0.0751 million USD per square kilometre, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 9.1% on the previous year and up 199.3% over ten years.
Over the whole period, gross fixed capital formation — value us$, per square kilometre in Iceland peaked at 0.0751 million USD per square kilometre in 2023 and was at its lowest, 0.0015 million USD per square kilometre, in 1970.
Iceland ranks 115th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per square kilometre in Iceland, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1970 | 0.0015 million USD per square kilometre | — |
| 1971 | 0.0023 million USD per square kilometre | +53.4% |
| 1972 | 0.0028 million USD per square kilometre | +21.4% |
| 1973 | 0.0042 million USD per square kilometre | +50.1% |
| 1974 | 0.0059 million USD per square kilometre | +38.9% |
| 1975 | 0.0053 million USD per square kilometre | -9.6% |
| 1976 | 0.0055 million USD per square kilometre | +3.5% |
| 1977 | 0.007 million USD per square kilometre | +28.1% |
| 1978 | 0.0071 million USD per square kilometre | +1.5% |
| 1979 | 0.0078 million USD per square kilometre | +9.8% |
| 1980 | 0.01 million USD per square kilometre | +28.2% |
| 1981 | 0.01 million USD per square kilometre | +0.3% |
| 1982 | 0.0092 million USD per square kilometre | -8.5% |
| 1983 | 0.007 million USD per square kilometre | -24.1% |
| 1984 | 0.0071 million USD per square kilometre | +2.1% |
| 1985 | 0.0072 million USD per square kilometre | +0.8% |
| 1986 | 0.0088 million USD per square kilometre | +22.3% |
| 1987 | 0.0129 million USD per square kilometre | +46.6% |
| 1988 | 0.0137 million USD per square kilometre | +6.5% |
| 1989 | 0.012 million USD per square kilometre | -12.3% |
| 1990 | 0.014 million USD per square kilometre | +16.9% |
| 1991 | 0.0152 million USD per square kilometre | +8.3% |
| 1992 | 0.0143 million USD per square kilometre | -6.1% |
| 1993 | 0.0113 million USD per square kilometre | -20.5% |
| 1994 | 0.0114 million USD per square kilometre | +0.2% |
| 1995 | 0.0125 million USD per square kilometre | +9.6% |
| 1996 | 0.0154 million USD per square kilometre | +23.4% |
| 1997 | 0.0164 million USD per square kilometre | +6.9% |
| 1998 | 0.0218 million USD per square kilometre | +32.8% |
| 1999 | 0.0211 million USD per square kilometre | -3.3% |
| 2000 | 0.0221 million USD per square kilometre | +4.8% |
| 2001 | 0.019 million USD per square kilometre | -13.9% |
| 2002 | 0.0184 million USD per square kilometre | -3.3% |
| 2003 | 0.0244 million USD per square kilometre | +32.7% |
| 2004 | 0.0343 million USD per square kilometre | +40.4% |
| 2005 | 0.0498 million USD per square kilometre | +45.0% |
| 2006 | 0.0617 million USD per square kilometre | +23.9% |
| 2007 | 0.0636 million USD per square kilometre | +3.0% |
| 2008 | 0.0457 million USD per square kilometre | -28.0% |
| 2009 | 0.0201 million USD per square kilometre | -56.0% |
| 2010 | 0.0193 million USD per square kilometre | -4.0% |
| 2011 | 0.0233 million USD per square kilometre | +20.8% |
| 2012 | 0.0235 million USD per square kilometre | +0.8% |
| 2013 | 0.0251 million USD per square kilometre | +6.7% |
| 2014 | 0.0306 million USD per square kilometre | +21.9% |
| 2015 | 0.0338 million USD per square kilometre | +10.5% |
| 2016 | 0.0434 million USD per square kilometre | +28.5% |
| 2017 | 0.0537 million USD per square kilometre | +23.7% |
| 2018 | 0.0569 million USD per square kilometre | +5.9% |
| 2019 | 0.051 million USD per square kilometre | -10.3% |
| 2020 | 0.0455 million USD per square kilometre | -10.8% |
| 2021 | 0.0584 million USD per square kilometre | +28.3% |
| 2022 | 0.0689 million USD per square kilometre | +17.9% |
| 2023 | 0.0751 million USD per square kilometre | +9.1% |
Iceland compared with similar countries
- Iceland's 0.0751 million USD per square kilometre is below the median for high income countries, which is 0.7652 million USD per square kilometre, 10% of the median. (73 countries reporting)
- Iceland's 0.0751 million USD per square kilometre is below the median for Europe & Central Asia, which is 0.3249 million USD per square kilometre, 23% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0049 million USD per square kilometre | 0.0015 million USD per square kilometre | 0.0078 million USD per square kilometre | 10 |
| 1980s | 0.0098 million USD per square kilometre | 0.007 million USD per square kilometre | 0.0137 million USD per square kilometre | 10 |
| 1990s | 0.0153 million USD per square kilometre | 0.0113 million USD per square kilometre | 0.0218 million USD per square kilometre | 10 |
| 2000s | 0.0359 million USD per square kilometre | 0.0184 million USD per square kilometre | 0.0636 million USD per square kilometre | 10 |
| 2010s | 0.0361 million USD per square kilometre | 0.0193 million USD per square kilometre | 0.0569 million USD per square kilometre | 10 |
| 2020s | 0.062 million USD per square kilometre | 0.0455 million USD per square kilometre | 0.0751 million USD per square kilometre | 4 |
Countries ranked near Iceland
- 112 Belarus 0.0774 million USD per square kilometre compare
- 113 Uruguay 0.0767 million USD per square kilometre compare
- 114 Cambodia 0.0766 million USD per square kilometre compare
- 116 Honduras 0.0744 million USD per square kilometre compare
- 117 Uzbekistan 0.0718 million USD per square kilometre compare
- 118 Nepal 0.0708 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, per square kilometre in Iceland?
- Gross fixed capital formation — value us$, per square kilometre in Iceland was 0.0751 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per square kilometre recorded in Iceland?
- The highest recorded value was 0.0751 million USD per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value us$, per square kilometre recorded in Iceland?
- The lowest recorded value was 0.0015 million USD per square kilometre in 1970.
- How does Iceland rank for gross fixed capital formation — value us$, per square kilometre?
- Iceland ranks 115th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 199.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per 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$ 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$ ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ 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.