Iceland's gross fixed capital formation (annual % growth) was 4.04% in 2025, the latest year in the World Bank's World Development Indicators. That is down 17.18 percentage points from 21.21% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.04% | 2025 |
| Five years earlier | -6.57% | 2020 |
| Ten years earlier | 21.21% | 2015 |
| Highest | 42.35% | 1971 |
| Lowest | -47.46% | 2009 |
| Average since 2016 | 6.6% | 2016–2025 |
| First recorded | 42.35% | 1971 |
What the numbers say
In 2025, Iceland's gross fixed capital formation (annual % growth) fell 2.51 percentage points on 2024 (from 6.55% to 4.04%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.23 percentage points and a typical year strayed about 17.19 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 39.05 percentage points in 2010 and the biggest yearly fall was 41.48 percentage points in 1972. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Iceland had the 65th highest value of the 123 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Iceland | 4.04% | 2025 |
| World | 2.2% | 2024 |
| Europe & Central Asia | 2.98% | 2025 |
| High income | 1.41% | 2024 |
Closest to Iceland in the 2025 ranking
- Tunisia — 62nd of 123: 4.31%
- United Kingdom — 63rd of 123: 4.27%
- Slovenia — 64th of 123: 4.08%
- Costa Rica — 66th of 123: 3.92%
- Comoros — 67th of 123: 3.79%
- Guinea-Bissau — 68th of 123: 3.73%
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 55 values
| Year | Gross fixed capital formation (annual % growth) |
|---|---|
| 2025 | 4.04 |
| 2024 | 6.55 |
| 2023 | 6.2 |
| 2022 | 15.32 |
| 2021 | 13.54 |
| 2020 | -6.57 |
| 2019 | -4.81 |
| 2018 | 2.77 |
| 2017 | 10.77 |
| 2016 | 18.2 |
| 2015 |
Gross fixed capital formation (annual % growth) in nearby economies
More economic policy & debt data for Iceland
- Total reserves, including gold (current US$) — US$7.73 billion (2025)
- Total reserves, excluding gold (current US$) — US$7.45 billion (2025)
- GDP (current US$) — US$38.58 billion (2025)
- GDP (current LCU) — 4.96 trillion (2025)
- GDP (constant 2015 US$) — US$23.12 billion (2025)
- GDP (constant LCU) — 3.59 trillion (2025)
- GDP per capita (current US$) — US$98,324 (2025)
- GDP per capita (current LCU) — 12.63 million (2025)
- GDP per capita (constant 2015 US$) — US$58,910 (2025)
- GDP per capita (constant LCU) — 9.14 million (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Iceland's gross fixed capital formation (annual % growth)?
- 4.04% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is down 38.31 percentage points from 42.35% in 1971. The highest value was 42.35% in 1971 and the lowest -47.46% in 2009.
- How does Iceland rank?
- 65th highest of 123 economies with data for 2025.
- Is the latest change in gross fixed capital formation (annual % growth) unusual for Iceland?
- In 2025, Iceland's gross fixed capital formation (annual % growth) fell 2.51 percentage points on 2024 (from 6.55% to 4.04%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.23 percentage points and a typical year strayed about 17.19 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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