Iceland | Gross capital formation (annual % growth)

Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in 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 2008 SNA, net acquisitions of valuables are also considered capital formation.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Gross capital formation (annual % growth)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971 70.64861792
1972 -23.40170405
1973 32.80242543
1974 23.27945626
1975 -5.2406172
1976 -21.72360047
1977 28.2956201
1978 -13.29089637
1979 3.52149807
1980 14.25960925
1981 6.61746559
1982 10.75732161
1983 -39.51906424
1984 39.12968015
1985 -11.75759742
1986 -9.71478897
1987 31.40939425
1988 11.76794162
1989 -16.23326648
1990 -0.42254241
1991 12.62148454
1992 -13.27494497
1993 -2.59158349
1994 -7.22847152
1995 7.41007304
1996 17.93953341
1997 11.23808092
1998 31.29543306
1999 -3.79100897
2000 13.08044416
2001 -6.45595782
2002 -11.27669835
2003 8.42871594
2004 26.82316329
2005 26.62865119
2006 29.01268436
2007 -12.21683872
2008 -16.85334676
2009 -48.28701426
2010 -8.83095523
2011 13.3277967
2012 4.59208669
2013 0.46997539
2014 17.56568059
2015 20.99239042
2016 18.28188974
2017 9.57417264
2018 3.57758422
2019 -6.17799543
2020 -6.39472106
2021 10.43938182
2022 7.68492238

Iceland | Gross capital formation (annual % growth)

Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in 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 2008 SNA, net acquisitions of valuables are also considered capital formation.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source