Net investment in nonfinancial assets in Iceland
Iceland: Net investment in nonfinancial assets was 2.3% in 2023. ▲ Rising
Net investment in nonfinancial assets in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net investment in nonfinancial assets in Iceland stood at 2.3%.
The figure is down 5.7% on the previous year and up 16.8% over ten years.
Over the whole period, net investment in nonfinancial assets in Iceland peaked at 3.7% in 1973 and was at its lowest, 1.0%, in 1997.
That places Iceland 95th out of 156 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Net investment in nonfinancial assets in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 2.5% | — |
| 1973 | 3.7% | +45.0% |
| 1974 | 2.7% | -25.4% |
| 1975 | 2.6% | -4.3% |
| 1976 | 1.5% | -44.1% |
| 1977 | 2.1% | +40.7% |
| 1978 | 1.6% | -23.3% |
| 1979 | 1.5% | -2.6% |
| 1980 | 1.8% | +17.9% |
| 1981 | 1.9% | +2.5% |
| 1982 | 2.0% | +5.8% |
| 1983 | 1.9% | -5.6% |
| 1984 | 1.8% | -3.4% |
| 1985 | 1.8% | +2.8% |
| 1986 | 1.4% | -24.3% |
| 1987 | 1.2% | -14.5% |
| 1988 | 1.3% | +5.3% |
| 1989 | 1.1% | -10.4% |
| 1990 | 1.5% | +36.8% |
| 1991 | 1.6% | +1.7% |
| 1992 | 1.3% | -14.4% |
| 1993 | 1.7% | +26.2% |
| 1994 | 1.7% | -0.4% |
| 1995 | 1.4% | -15.3% |
| 1996 | 1.5% | +7.6% |
| 1997 | 1.0% | -32.1% |
| 1998 | 1.7% | +58.0% |
| 1999 | 1.8% | +6.2% |
| 2000 | 1.5% | -14.0% |
| 2001 | 1.9% | +26.0% |
| 2002 | 1.7% | -10.0% |
| 2003 | 2.0% | +16.7% |
| 2004 | 1.7% | -15.3% |
| 2005 | 2.0% | +16.1% |
| 2006 | 2.0% | +0.8% |
| 2007 | 2.4% | +18.7% |
| 2008 | 2.5% | +8.0% |
| 2009 | 2.6% | +4.2% |
| 2010 | 2.0% | -23.5% |
| 2011 | 3.2% | +57.1% |
| 2012 | 1.5% | -52.8% |
| 2013 | 2.0% | +30.4% |
| 2014 | 1.8% | -10.3% |
| 2015 | 1.8% | +4.4% |
| 2016 | 1.7% | -9.7% |
| 2017 | 1.7% | +4.9% |
| 2018 | 2.3% | +33.2% |
| 2019 | 2.0% | -11.9% |
| 2020 | 2.4% | +16.2% |
| 2021 | 2.7% | +13.0% |
| 2022 | 2.4% | -9.5% |
| 2023 | 2.3% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.3% | 1.5% | 3.7% | 8 |
| 1980s | 1.6% | 1.1% | 2.0% | 10 |
| 1990s | 1.5% | 1.0% | 1.8% | 10 |
| 2000s | 2.0% | 1.5% | 2.6% | 10 |
| 2010s | 2.0% | 1.5% | 3.2% | 10 |
| 2020s | 2.4% | 2.3% | 2.7% | 4 |
Countries ranked near Iceland
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 2.3% 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 3.7% in 1973.
- What is the lowest net investment in nonfinancial assets recorded in Iceland?
- The lowest recorded value was 1.0% in 1997.
- How does Iceland rank for net investment in nonfinancial assets?
- Iceland ranks 95th 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 16.8%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.