Net investment in nonfinancial assets in Iceland
Iceland: Net investment in nonfinancial assets was 100.01 billion current LCU in 2023. ◆ Volatile
Net investment in nonfinancial assets in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net investment in nonfinancial assets in Iceland is 100.01 billion current LCU, measured in 2023. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 157.4% over ten years.
Over the whole period, net investment in nonfinancial assets in Iceland peaked at 100.01 billion current LCU in 2023 and was at its lowest, 19.40 million current LCU, in 1972.
That places Iceland 58th out of 156 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net investment in nonfinancial assets in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 19.40 million current LCU | — |
| 1973 | 39.50 million current LCU | +103.6% |
| 1974 | 42.90 million current LCU | +8.6% |
| 1975 | 58.60 million current LCU | +36.6% |
| 1976 | 46.10 million current LCU | -21.3% |
| 1977 | 93.70 million current LCU | +103.3% |
| 1978 | 111.50 million current LCU | +19.0% |
| 1979 | 160.50 million current LCU | +43.9% |
| 1980 | 305.10 million current LCU | +90.1% |
| 1981 | 486.40 million current LCU | +59.4% |
| 1982 | 808.10 million current LCU | +66.1% |
| 1983 | 1.32 billion current LCU | +63.7% |
| 1984 | 1.69 billion current LCU | +27.7% |
| 1985 | 2.37 billion current LCU | +40.3% |
| 1986 | 2.38 billion current LCU | +0.3% |
| 1987 | 2.64 billion current LCU | +11.3% |
| 1988 | 3.42 billion current LCU | +29.5% |
| 1989 | 3.78 billion current LCU | +10.4% |
| 1990 | 6.02 billion current LCU | +59.3% |
| 1991 | 6.63 billion current LCU | +10.0% |
| 1992 | 5.67 billion current LCU | -14.4% |
| 1993 | 7.39 billion current LCU | +30.2% |
| 1994 | 7.82 billion current LCU | +5.9% |
| 1995 | 6.84 billion current LCU | -12.6% |
| 1996 | 7.88 billion current LCU | +15.3% |
| 1997 | 5.73 billion current LCU | -27.4% |
| 1998 | 10.14 billion current LCU | +77.0% |
| 1999 | 11.57 billion current LCU | +14.2% |
| 2000 | 10.86 billion current LCU | -6.2% |
| 2001 | 15.45 billion current LCU | +42.2% |
| 2002 | 14.80 billion current LCU | -4.2% |
| 2003 | 17.74 billion current LCU | +19.9% |
| 2004 | 16.61 billion current LCU | -6.4% |
| 2005 | 21.24 billion current LCU | +27.9% |
| 2006 | 24.58 billion current LCU | +15.7% |
| 2007 | 33.10 billion current LCU | +34.7% |
| 2008 | 40.78 billion current LCU | +23.2% |
| 2009 | 43.24 billion current LCU | +6.0% |
| 2010 | 34.48 billion current LCU | -20.3% |
| 2011 | 56.83 billion current LCU | +64.8% |
| 2012 | 28.07 billion current LCU | -50.6% |
| 2013 | 38.86 billion current LCU | +38.4% |
| 2014 | 37.03 billion current LCU | -4.7% |
| 2015 | 42.84 billion current LCU | +15.7% |
| 2016 | 42.20 billion current LCU | -1.5% |
| 2017 | 46.54 billion current LCU | +10.3% |
| 2018 | 66.87 billion current LCU | +43.7% |
| 2019 | 62.50 billion current LCU | -6.5% |
| 2020 | 70.75 billion current LCU | +13.2% |
| 2021 | 89.24 billion current LCU | +26.1% |
| 2022 | 95.70 billion current LCU | +7.2% |
| 2023 | 100.01 billion current LCU | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 71.53 million current LCU | 19.40 million current LCU | 160.50 million current LCU | 8 |
| 1980s | 1.92 billion current LCU | 305.10 million current LCU | 3.78 billion current LCU | 10 |
| 1990s | 7.57 billion current LCU | 5.67 billion current LCU | 11.57 billion current LCU | 10 |
| 2000s | 23.84 billion current LCU | 10.86 billion current LCU | 43.24 billion current LCU | 10 |
| 2010s | 45.62 billion current LCU | 28.07 billion current LCU | 66.87 billion current LCU | 10 |
| 2020s | 88.93 billion current LCU | 70.75 billion current LCU | 100.01 billion current LCU | 4 |
Countries ranked near Iceland
- 55 Dominican Republic 146.43 billion current LCU compare
- 56 Afghanistan 109.87 billion current LCU compare
- 57 Albania 102.00 billion current LCU compare
- 59 Mozambique 99.61 billion current LCU compare
- 60 South Africa 98.59 billion current LCU compare
- 61 Central African Republic 93.52 billion current LCU 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 net investment in nonfinancial assets in Iceland?
- Net investment in nonfinancial assets in Iceland was 100.01 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net investment in nonfinancial assets recorded in Iceland?
- The highest recorded value was 100.01 billion current LCU in 2023.
- What is the lowest net investment in nonfinancial assets recorded in Iceland?
- The lowest recorded value was 19.40 million current LCU in 1972.
- How does Iceland rank for net investment in nonfinancial assets?
- Iceland ranks 58th out of 156 countries with data for 2023.
- Is net investment in nonfinancial assets rising or falling in Iceland?
- Over the last ten years it is up 157.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net investment in nonfinancial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.