Iceland IS: GDP: Growth: Gross Capital Formation

1971 - 2016 | Yearly | % | World Bank

Iceland IS: GDP: Growth: Gross Capital Formation data was reported at 9.291 % in 2017. This records a decrease from the previous number of 22.489 % for 2016. Iceland IS: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 7.410 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 70.649 % in 1971 and a record low of -49.095 % in 2009. Iceland IS: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

View Iceland's Iceland IS: GDP: Growth: Gross Capital Formation from 1971 to 2016 in the chart:

Iceland Iceland IS: GDP: Growth: Gross Capital Formation

What was Iceland's Iceland IS: GDP: Growth: Gross Capital Formation in 2016?

Last Previous Min Max Unit Frequency Range
22.49 2016 18.73 2015 -49.09 2009 70.65 1971 % yearly 1971 - 2016

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Iceland Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 86,450.115 2029 yearly 1980 - 2029
Forecast: Nominal GDP Per Capita (USD) 110,945.675 2029 yearly 1980 - 2029
Forecast: Real GDP Growth (%) 2.432 2029 yearly 1980 - 2029
GDP Deflator Growth (%) 6.1 Dec 2022 quarterly Mar 1996 - Dec 2022
GDP per Capita (USD) 72,684.247 2022 yearly 1960 - 2022
Gross Fixed Capital Formation (USD mn) 2,127.116 Jun 2024 quarterly Mar 1995 - Jun 2024
Gross National Product (GNP) (USD mn) 31,871.487 2023 yearly 1960 - 2023
Gross Savings Rate (%) 23.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Investment: % of GDP (%) 25.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Nominal GDP (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Nominal GDP Growth (%) 4.332 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption Expenditure (USD mn) 4,012.422 Jun 2024 quarterly Mar 1995 - Jun 2024
Private Consumption: % of GDP (%) 51.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption Expenditure (USD mn) 2,086.570 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption: % of GDP (%) 25.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Real GDP Growth (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 87.209 Jun 2024 quarterly Mar 1995 - Jun 2024
Production Last Frequency Range
Industrial Production Index Growth (%) 11.7 2018 yearly 2008 - 2018
Minerals Production (Metric Ton) 735,394.000 2022 yearly 2009 - 2022
Construction and Properties Last Frequency Range
House Prices Growth (%) 10.0 Oct 2024 monthly Mar 2001 - Oct 2024
Nominal Residential Property Price Index (2010=100) 346.444 Jun 2024 quarterly Mar 2000 - Jun 2024
Nominal Residential Property Price Index Growth (%) 6.282 Jun 2024 quarterly Mar 2001 - Jun 2024
Real Residential Property Price Index (2010=100) 200.642 Jun 2024 quarterly Mar 2000 - Jun 2024
Real Residential Property Price Index Growth (%) 0.249 Jun 2024 quarterly Mar 2001 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.4 Jun 2024 quarterly Mar 2002 - Jun 2024
Forecast: Government Expenditure (ISK bn) 2,558.091 2029 yearly 1980 - 2029
Forecast: Government Net Debt (ISK bn) 2,671.158 2029 yearly 1982 - 2029
Forecast: Government Revenue (ISK bn) 2,502.666 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 64.2 2023 yearly 1998 - 2023
National Government Debt (USD mn) 20,353.7 2023 yearly 1998 - 2023
Tax Revenue (USD mn) 2,504.213 Jun 2024 quarterly Mar 2002 - Jun 2024
Consolidated Fiscal Balance (USD mn) -600.101 Jun 2024 quarterly Mar 2002 - Jun 2024
Tax Revenue: % of GDP (%) 30.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 233,300.000 Sep 2024 monthly Jan 2003 - Sep 2024
Forecast: Employment (Person mn) 0.224 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 0.430 2029 yearly 1980 - 2029
Forecast: Unemployment Rate (%) 4.000 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 81.2 Sep 2024 monthly Jan 2003 - Sep 2024
Labour Productivity Growth (%) -4.90 Jun 2024 quarterly Mar 2004 - Jun 2024
Monthly Earnings (USD) 6,909 2023 yearly 1998 - 2023
Population (Person mn) 0.4 2023 yearly 1732 - 2023
Unemployment Rate (%) 3.44 Sep 2024 monthly Jan 2003 - Sep 2024

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