Iceland - Gross fixed capital formation (annual % growth)

The value for Gross fixed capital formation (annual % growth) in Iceland was -8.72 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 42.35 in 1971 and a minimum value of -47.46 in 2009.

Definition: Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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 42.35
1972 0.88
1973 22.43
1974 7.92
1975 -8.82
1976 -2.72
1977 11.49
1978 -5.54
1979 -1.77
1980 13.95
1981 1.18
1982 0.06
1983 -12.73
1984 9.37
1985 1.03
1986 -1.55
1987 18.76
1988 -0.20
1989 -7.86
1990 3.01
1991 2.59
1992 -10.35
1993 -9.80
1994 -0.21
1995 -1.71
1996 22.32
1997 11.22
1998 30.57
1999 -3.33
2000 11.92
2001 -3.86
2002 -12.38
2003 9.25
2004 26.34
2005 30.24
2006 23.82
2007 -11.01
2008 -18.46
2009 -47.46
2010 -8.41
2011 10.93
2012 5.14
2013 2.23
2014 16.14
2015 21.48
2016 17.99
2017 10.57
2018 3.10
2019 -2.14
2020 -8.72

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts