Statizoid

Iceland vs Norway: Gross capital formation

Iceland
957.03 billion constant LCU
in 2025
Norway
1.01 trillion constant LCU
in 2025
Iceland rank
55th
Norway rank
53rd

Gross capital formation over time

  • Iceland
  • Norway
200.0B400.0B600.0B800.0B1.0T1.2T197019972025

How they compare

Norway currently reports 1.01 trillion constant LCU against 957.03 billion constant LCU in Iceland, a difference of 51.11 billion constant LCU.

That makes Norway's figure about 1.1 times Iceland's.

Across all 56 years both countries report, Norway has been ahead every year.

Globally, Iceland ranks 55th and Norway ranks 53rd of 169 countries.

Individual pages

About this data

Indicator
Gross capital formation (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
169 places, 7,054 data points, 1960–2025
Last refreshed

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.