Iceland - Gross capital formation (current US$)

Gross capital formation (current US$) in Iceland was at 3209855562 USD in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 iceland gross capital formation us dollar wb data




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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. Data are in current U.S. dollars.


Iceland | Economy & Growth

GDP (current US$)
16779598787 USD
GDP (current LCU)
2213543000000 LCU
GDP (constant 2000 US$)
15168620051 USD
GDP (constant LCU)
1854239418500 LCU
GNI (current US$)
16583293803 USD
GNI (current LCU)
2187646700000 LCU
GNI (constant 2000 US$)
11112238203 USD
GNI (constant LCU)
1837529784601 LCU
Gross savings (current LCU)
528720815818 LCU