Gross capital formation rose 10.8% to USD 8,890 bil in Iceland in 2024, according to the National Statistical Office.
Historically, gross capital formation in Iceland reached an all time high of USD 8,890 bil in 2024 and an all time low of USD 109 bil in 1969. When compared to Iceland's main peers, gross capital formation in Denmark amounted to USD 92,912 bil, USD 116,169 bil in Norway, USD 150,266 bil in Sweden and USD 652,110 bil in United Kingdom in 2024.
Iceland has been ranked 79th within the group of 126 countries we follow in terms of gross capital formation, 53 places above the position seen 10 years ago.
| Gross Capital Formation (USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Belgium | USD bil | 138,653 | 132,441 | 127,490 | 146,291 | 159,833 | ||||||||||||||||
| Denmark | USD bil | 80,056 | 75,595 | 80,951 | 96,385 | 99,256 | ||||||||||||||||
| Finland | USD bil | 70,449 | 65,599 | 67,456 | 72,932 | 76,468 | ||||||||||||||||
| France | USD bil | 628,958 | 626,925 | 603,844 | 695,554 | 676,401 | ||||||||||||||||
| Germany | USD bil | 869,988 | 842,888 | 853,700 | 976,688 | 958,504 | ||||||||||||||||
| Iceland | USD bil | 5,806 | 5,103 | 4,613 | 5,926 | 7,037 | ||||||||||||||||
| Ireland | USD bil | 111,509 | 218,681 | 185,374 | 122,790 | 125,725 | ||||||||||||||||
| Netherlands | USD bil | 190,414 | 202,111 | 199,120 | 234,028 | 239,274 | ||||||||||||||||
| Norway | USD bil | 121,940 | 121,035 | 115,261 | 126,285 | 126,282 | ||||||||||||||||
| Russia | USD bil | 363,255 | 383,685 | 350,213 | 420,884 | 531,720 | ||||||||||||||||
| Sweden | USD bil | 139,529 | 130,166 | 133,072 | 160,931 | 156,142 | ||||||||||||||||
| United Kingdom | USD bil | 522,051 | 524,051 | 474,125 | 566,644 | 558,601 |
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