Iceland - 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 |
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
