Iceland - 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

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts