Statizoid

Iceland vs Norway: Gross fixed capital formation

Iceland
966.24 billion constant LCU
in 2025
Norway
1.03 trillion constant LCU
in 2025
Iceland rank
55th
Norway rank
53rd

Gross fixed capital formation over time

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

How they compare

Norway currently reports 1.03 trillion constant LCU against 966.24 billion constant LCU in Iceland, a difference of 62.84 billion constant LCU.

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

The two have swapped places 2 times across 56 shared years of data; in 1970 it was Norway ahead.

Globally, Iceland ranks 55th and Norway ranks 53rd of 167 countries.

Individual pages

About this data

Indicator
Gross fixed 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
167 places, 6,948 data points, 1960–2025
Last refreshed

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.