Iceland - Gross capital formation
Gross capital formation (current US$)
The latest value for Gross capital formation (current US$) in Iceland was $4,687,262,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between $6,403,700,000 in 2007 and $146,464,800 in 1970.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | $146,464,800 |
| 1971 | $249,251,100 |
| 1972 | $266,143,200 |
| 1973 | $416,028,000 |
| 1974 | $613,046,500 |
| 1975 | $555,632,400 |
| 1976 | $534,844,400 |
| 1977 | $738,243,100 |
| 1978 | $693,401,900 |
| 1979 | $796,232,600 |
| 1980 | $1,018,302,000 |
| 1981 | $1,041,785,000 |
| 1982 | $1,000,967,000 |
| 1983 | $647,227,600 |
| 1984 | $738,853,400 |
| 1985 | $689,921,700 |
| 1986 | $818,568,300 |
| 1987 | $1,272,251,000 |
| 1988 | $1,416,347,000 |
| 1989 | $1,187,445,000 |
| 1990 | $1,366,495,000 |
| 1991 | $1,540,739,000 |
| 1992 | $1,427,033,000 |
| 1993 | $1,170,677,000 |
| 1994 | $1,138,409,000 |
| 1995 | $1,295,896,000 |
| 1996 | $1,541,544,000 |
| 1997 | $1,648,256,000 |
| 1998 | $2,199,360,000 |
| 1999 | $2,117,079,000 |
| 2000 | $2,250,261,000 |
| 2001 | $1,885,827,000 |
| 2002 | $1,846,010,000 |
| 2003 | $2,433,529,000 |
| 2004 | $3,434,874,000 |
| 2005 | $4,865,582,000 |
| 2006 | $6,300,127,000 |
| 2007 | $6,403,700,000 |
| 2008 | $4,703,262,000 |
| 2009 | $2,015,662,000 |
| 2010 | $1,912,667,000 |
| 2011 | $2,372,010,000 |
| 2012 | $2,362,580,000 |
| 2013 | $2,494,489,000 |
| 2014 | $3,077,465,000 |
| 2015 | $3,398,974,000 |
| 2016 | $4,384,009,000 |
| 2017 | $5,376,285,000 |
| 2018 | $5,850,275,000 |
| 2019 | $5,269,006,000 |
| 2020 | $4,687,262,000 |
Gross capital formation (current LCU)
The value for Gross capital formation (current LCU) in Iceland was 634,757,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 646,016,000,000 in 2019 and a minimum value of 128,889,000 in 1970.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1970 | 128,889,000 |
| 1971 | 219,341,000 |
| 1972 | 234,898,000 |
| 1973 | 374,966,000 |
| 1974 | 612,740,000 |
| 1975 | 854,007,000 |
| 1976 | 974,326,000 |
| 1977 | 1,468,144,000 |
| 1978 | 1,879,882,000 |
| 1979 | 2,807,516,000 |
| 1980 | 4,885,407,000 |
| 1981 | 7,526,060,000 |
| 1982 | 12,363,450,000 |
| 1983 | 16,078,950,000 |
| 1984 | 23,417,000,000 |
| 1985 | 28,637,060,000 |
| 1986 | 33,646,600,000 |
| 1987 | 49,207,090,000 |
| 1988 | 60,922,750,000 |
| 1989 | 67,734,020,000 |
| 1990 | 79,644,540,000 |
| 1991 | 90,897,890,000 |
| 1992 | 82,119,900,000 |
| 1993 | 79,141,480,000 |
| 1994 | 79,625,310,000 |
| 1995 | 83,833,740,000 |
| 1996 | 102,513,000,000 |
| 1997 | 116,868,000,000 |
| 1998 | 156,063,000,000 |
| 1999 | 153,140,000,000 |
| 2000 | 176,907,000,000 |
| 2001 | 183,726,000,000 |
| 2002 | 169,208,000,000 |
| 2003 | 186,674,000,000 |
| 2004 | 241,100,000,000 |
| 2005 | 306,443,000,000 |
| 2006 | 442,143,000,000 |
| 2007 | 410,189,000,000 |
| 2008 | 413,642,000,000 |
| 2009 | 249,213,000,000 |
| 2010 | 233,808,000,000 |
| 2011 | 275,044,000,000 |
| 2012 | 295,518,000,000 |
| 2013 | 304,774,000,000 |
| 2014 | 359,347,000,000 |
| 2015 | 448,388,000,000 |
| 2016 | 529,639,000,000 |
| 2017 | 574,400,000,000 |
| 2018 | 633,586,000,000 |
| 2019 | 646,016,000,000 |
| 2020 | 634,757,000,000 |
Gross capital formation (constant 2010 US$)
The latest value for Gross capital formation (constant 2010 US$) in Iceland was 4,060,737,000 as of 2020. Over the past 50 years, the value for this indicator has fluctuated between 5,830,888,000 in 2006 and 868,970,600 in 1970.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 868,970,600 |
| 1971 | 1,482,886,000 |
| 1972 | 1,135,866,000 |
| 1973 | 1,508,457,000 |
| 1974 | 1,859,618,000 |
| 1975 | 1,762,162,000 |
| 1976 | 1,379,357,000 |
| 1977 | 1,769,655,000 |
| 1978 | 1,534,452,000 |
| 1979 | 1,588,488,000 |
| 1980 | 1,815,000,000 |
| 1981 | 1,935,107,000 |
| 1982 | 2,143,272,000 |
| 1983 | 1,296,271,000 |
| 1984 | 1,803,498,000 |
| 1985 | 1,591,450,000 |
| 1986 | 1,436,844,000 |
| 1987 | 1,888,148,000 |
| 1988 | 2,110,344,000 |
| 1989 | 1,767,766,000 |
| 1990 | 1,760,297,000 |
| 1991 | 1,982,472,000 |
| 1992 | 1,719,300,000 |
| 1993 | 1,674,743,000 |
| 1994 | 1,553,685,000 |
| 1995 | 1,668,814,000 |
| 1996 | 1,968,191,000 |
| 1997 | 2,189,378,000 |
| 1998 | 2,874,554,000 |
| 1999 | 2,765,579,000 |
| 2000 | 3,127,329,000 |
| 2001 | 2,925,430,000 |
| 2002 | 2,595,538,000 |
| 2003 | 2,814,309,000 |
| 2004 | 3,569,195,000 |
| 2005 | 4,519,624,000 |
| 2006 | 5,830,888,000 |
| 2007 | 5,118,538,000 |
| 2008 | 4,255,893,000 |
| 2009 | 2,200,849,000 |
| 2010 | 2,006,493,000 |
| 2011 | 2,273,915,000 |
| 2012 | 2,378,335,000 |
| 2013 | 2,389,512,000 |
| 2014 | 2,809,246,000 |
| 2015 | 3,398,974,000 |
| 2016 | 4,020,371,000 |
| 2017 | 4,405,288,000 |
| 2018 | 4,597,932,000 |
| 2019 | 4,403,843,000 |
| 2020 | 4,060,737,000 |
Gross capital formation (annual % growth)
The value for Gross capital formation (annual % growth) in Iceland was -7.79 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 70.65 in 1971 and a minimum value of -48.29 in 2009.
Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1971 | 70.65 |
| 1972 | -23.40 |
| 1973 | 32.80 |
| 1974 | 23.28 |
| 1975 | -5.24 |
| 1976 | -21.72 |
| 1977 | 28.30 |
| 1978 | -13.29 |
| 1979 | 3.52 |
| 1980 | 14.26 |
| 1981 | 6.62 |
| 1982 | 10.76 |
| 1983 | -39.52 |
| 1984 | 39.13 |
| 1985 | -11.76 |
| 1986 | -9.71 |
| 1987 | 31.41 |
| 1988 | 11.77 |
| 1989 | -16.23 |
| 1990 | -0.42 |
| 1991 | 12.62 |
| 1992 | -13.27 |
| 1993 | -2.59 |
| 1994 | -7.23 |
| 1995 | 7.41 |
| 1996 | 17.94 |
| 1997 | 11.24 |
| 1998 | 31.30 |
| 1999 | -3.79 |
| 2000 | 13.08 |
| 2001 | -6.46 |
| 2002 | -11.28 |
| 2003 | 8.43 |
| 2004 | 26.82 |
| 2005 | 26.63 |
| 2006 | 29.01 |
| 2007 | -12.22 |
| 2008 | -16.85 |
| 2009 | -48.29 |
| 2010 | -8.83 |
| 2011 | 13.33 |
| 2012 | 4.59 |
| 2013 | 0.47 |
| 2014 | 17.57 |
| 2015 | 20.99 |
| 2016 | 18.28 |
| 2017 | 9.57 |
| 2018 | 4.37 |
| 2019 | -4.22 |
| 2020 | -7.79 |
Gross capital formation (constant LCU)
The value for Gross capital formation (constant LCU) in Iceland was 535,687,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 769,203,000,000 in 2006 and a minimum value of 114,633,000,000 in 1970.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1970 | 114,633,000,000 |
| 1971 | 195,620,000,000 |
| 1972 | 149,842,000,000 |
| 1973 | 198,994,000,000 |
| 1974 | 245,318,000,000 |
| 1975 | 232,462,000,000 |
| 1976 | 181,963,000,000 |
| 1977 | 233,451,000,000 |
| 1978 | 202,423,000,000 |
| 1979 | 209,551,000,000 |
| 1980 | 239,432,000,000 |
| 1981 | 255,277,000,000 |
| 1982 | 282,738,000,000 |
| 1983 | 171,002,000,000 |
| 1984 | 237,915,000,000 |
| 1985 | 209,942,000,000 |
| 1986 | 189,547,000,000 |
| 1987 | 249,082,000,000 |
| 1988 | 278,394,000,000 |
| 1989 | 233,201,000,000 |
| 1990 | 232,216,000,000 |
| 1991 | 261,525,000,000 |
| 1992 | 226,808,000,000 |
| 1993 | 220,930,000,000 |
| 1994 | 204,960,000,000 |
| 1995 | 220,148,000,000 |
| 1996 | 259,641,000,000 |
| 1997 | 288,820,000,000 |
| 1998 | 379,207,000,000 |
| 1999 | 364,832,000,000 |
| 2000 | 412,553,000,000 |
| 2001 | 385,919,000,000 |
| 2002 | 342,400,000,000 |
| 2003 | 371,260,000,000 |
| 2004 | 470,844,000,000 |
| 2005 | 596,223,000,000 |
| 2006 | 769,203,000,000 |
| 2007 | 675,231,000,000 |
| 2008 | 561,432,000,000 |
| 2009 | 290,333,000,000 |
| 2010 | 264,694,000,000 |
| 2011 | 299,972,000,000 |
| 2012 | 313,747,000,000 |
| 2013 | 315,221,000,000 |
| 2014 | 370,592,000,000 |
| 2015 | 448,388,000,000 |
| 2016 | 530,362,000,000 |
| 2017 | 581,140,000,000 |
| 2018 | 606,553,000,000 |
| 2019 | 580,949,000,000 |
| 2020 | 535,687,000,000 |
Gross capital formation (% of GDP)
Gross capital formation (% of GDP) in Iceland was 21.58 as of 2020. Its highest value over the past 50 years was 40.46 in 1974, while its lowest value was 13.91 in 2010.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1970 | 27.81 |
| 1971 | 37.19 |
| 1972 | 31.70 |
| 1973 | 36.04 |
| 1974 | 40.46 |
| 1975 | 39.49 |
| 1976 | 32.04 |
| 1977 | 33.43 |
| 1978 | 27.61 |
| 1979 | 27.90 |
| 1980 | 30.11 |
| 1981 | 29.82 |
| 1982 | 31.22 |
| 1983 | 23.40 |
| 1984 | 25.79 |
| 1985 | 23.12 |
| 1986 | 20.52 |
| 1987 | 23.05 |
| 1988 | 23.19 |
| 1989 | 20.93 |
| 1990 | 21.12 |
| 1991 | 22.30 |
| 1992 | 20.15 |
| 1993 | 18.83 |
| 1994 | 17.82 |
| 1995 | 18.19 |
| 1996 | 20.76 |
| 1997 | 21.77 |
| 1998 | 25.86 |
| 1999 | 23.57 |
| 2000 | 24.93 |
| 2001 | 22.90 |
| 2002 | 19.81 |
| 2003 | 21.29 |
| 2004 | 24.84 |
| 2005 | 28.87 |
| 2006 | 36.07 |
| 2007 | 29.57 |
| 2008 | 26.02 |
| 2009 | 15.32 |
| 2010 | 13.91 |
| 2011 | 15.58 |
| 2012 | 16.02 |
| 2013 | 15.47 |
| 2014 | 17.22 |
| 2015 | 19.40 |
| 2016 | 21.08 |
| 2017 | 21.74 |
| 2018 | 22.27 |
| 2019 | 21.20 |
| 2020 | 21.58 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
