Iceland - Gross fixed capital formation in current prices

6,255,204,820 (US dollars) in 2022

Iceland gross fixed capital formation was at level of 6,255 million US dollars in 2022, up from 5,709 million US dollars previous year, this is a change of 9.57%.

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What is gross fixed capital formation?

Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.

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What is Iceland gross fixed capital formation?