Gross fixed capital formation, General government, Constant prices in Iceland
Iceland: Gross fixed capital formation, General government, Constant prices was 3.02 in 2019. ▼ Falling
Gross fixed capital formation, General government, Constant prices in Iceland, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross fixed capital formation, general government, constant prices in Iceland is 3.02, measured in 2019.
Compared with earlier readings it is down 11.6% on the previous year and down 14.5% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Iceland peaked at 7.48 in 1973 and was at its lowest, 2.3, in 2012.
That places Iceland 121st out of 173 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Gross fixed capital formation, General government, Constant prices in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 4.33 | — |
| 1961 | 4.9 | +13.2% |
| 1962 | 5.24 | +6.8% |
| 1963 | 5.39 | +2.9% |
| 1964 | 6.04 | +12.2% |
| 1965 | 6.74 | +11.6% |
| 1966 | 6.62 | -1.8% |
| 1967 | 7.09 | +7.0% |
| 1968 | 6.95 | -2.0% |
| 1969 | 6.18 | -11.0% |
| 1970 | 6.59 | +6.6% |
| 1971 | 7.36 | +11.7% |
| 1972 | 7.28 | -1.0% |
| 1973 | 7.48 | +2.7% |
| 1974 | 7.04 | -5.8% |
| 1975 | 5.73 | -18.7% |
| 1976 | 5.58 | -2.6% |
| 1977 | 5.24 | -6.2% |
| 1978 | 4.43 | -15.4% |
| 1979 | 3.86 | -12.8% |
| 1980 | 4.34 | +12.3% |
| 1981 | 4.82 | +11.0% |
| 1982 | 4.85 | +0.8% |
| 1983 | 4.48 | -7.7% |
| 1984 | 4.34 | -3.0% |
| 1985 | 4.5 | +3.7% |
| 1986 | 4.09 | -9.2% |
| 1987 | 4.19 | +2.5% |
| 1988 | 5.09 | +21.3% |
| 1989 | 5.02 | -1.4% |
| 1990 | 4.89 | -2.5% |
| 1991 | 5.26 | +7.5% |
| 1992 | 5.25 | -0.2% |
| 1993 | 5.92 | +12.9% |
| 1994 | 5.45 | -8.1% |
| 1995 | 4.76 | -12.5% |
| 1996 | 4.38 | -8.1% |
| 1997 | 4.38 | -0.0% |
| 1998 | 4.86 | +11.0% |
| 1999 | 5.16 | +6.1% |
| 2000 | 5.5 | +6.6% |
| 2001 | 5.51 | +0.2% |
| 2002 | 4.53 | -17.8% |
| 2003 | 4.21 | -7.0% |
| 2004 | 4.87 | +15.7% |
| 2005 | 3.95 | -18.8% |
| 2006 | 4.46 | +12.7% |
| 2007 | 4.77 | +7.0% |
| 2008 | 4.45 | -6.7% |
| 2009 | 3.53 | -20.6% |
| 2010 | 3.01 | -14.6% |
| 2011 | 2.48 | -17.5% |
| 2012 | 2.3 | -7.3% |
| 2013 | 2.48 | +7.7% |
| 2014 | 2.73 | +10.2% |
| 2015 | 2.54 | -7.0% |
| 2016 | 2.38 | -6.3% |
| 2017 | 2.7 | +13.5% |
| 2018 | 3.41 | +26.3% |
| 2019 | 3.02 | -11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.95 | 4.33 | 7.09 | 10 |
| 1970s | 6.06 | 3.86 | 7.48 | 10 |
| 1980s | 4.57 | 4.09 | 5.09 | 10 |
| 1990s | 5.03 | 4.38 | 5.92 | 10 |
| 2000s | 4.58 | 3.53 | 5.51 | 10 |
| 2010s | 2.71 | 2.3 | 3.41 | 10 |
Countries ranked near Iceland
- 118 Barbados 3.08 compare
- 119 Bosnia and Herzegovina 3.07 compare
- 120 Switzerland 3.05 compare
- 122 Austria 3.01 compare
- 123 Madagascar 2.99 compare
- 124 Malta 2.96 compare
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is gross fixed capital formation, general government, constant prices in Iceland?
- Gross fixed capital formation, general government, constant prices in Iceland was 3.02 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, general government, constant prices recorded in Iceland?
- The highest recorded value was 7.48 in 1973.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Iceland?
- The lowest recorded value was 2.3 in 2012.
- How does Iceland rank for gross fixed capital formation, general government, constant prices?
- Iceland ranks 121st out of 173 countries with data for 2019.
- Is gross fixed capital formation, general government, constant prices rising or falling in Iceland?
- Over the last ten years it is down 14.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, General government, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.