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Iceland: Gross capital formation

Millions of local currency · 1946–2025 · 80 observations · forecasts to 2031 · inv

2025
1.25 trillionlocal currency
Change on 2024
+10.2%year on year
Average growth, 2015–2025
+10.8%a year
In US dollars, 2025
$9.74 billionUS dollars

Gross capital formation

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1M100M10B1T1960198020002020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Gross capital formation

Recent values

Millions of local currency

YearValue
20311,730,209Forecast
20301,637,567Forecast
20291,549,811Forecast
20281,468,539Forecast
20271,395,633Forecast
20261,335,635Forecast
20251,250,783
20241,134,660
20231,074,483
2022948,928
2021752,599
2020624,685
2019625,605
2018628,804
2017574,400
2016529,639

Sources

  • Statistics Iceland1946–1990
  • Penn World Table1950–2019
  • WDI (archive)1960–1996
  • OECD Economic Outlook1960–2025
  • United Nations1970–2024
  • World Development Indicators1970–2025
  • IMF World Economic Outlook1980–2024
  • Eurostat1995–2025
  • IMF International Financial Statistics1995–2025
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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