Iceland vs Norway: Gross fixed capital formation

Iceland

1.32 trillion current LCU

in 2025

Norway

1.29 trillion current LCU

in 2025

Iceland rank

62nd

Norway rank

63rd

Gross fixed capital formation over time

Iceland
Norway

How they compare

Iceland currently reports 1.32 trillion current LCU against 1.29 trillion current LCU in Norway, a difference of 31.26 billion current LCU.

The two have swapped places 1 time across 56 shared years of data; in 1970 it was Norway ahead.

Globally, Iceland ranks 62nd and Norway ranks 63rd of 180 countries.

Individual pages

About this data

Indicator: Gross fixed capital formation (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 180 places, 8,131 data points, 1960–2025
Last refreshed: 06 August 2026

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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.