Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Iceland
Iceland: Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) was 18,361 million SLC in 2023. ▲ Rising
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Iceland, 1995–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Iceland recorded 18,361 million SLC for gross fixed capital formation (agriculture, forestry and fishing) in 2023.
Compared with earlier readings it is down 17.0% on the previous year and up 58.9% over ten years.
Over the whole period, gross fixed capital formation (agriculture, forestry and fishing) in Iceland peaked at 34,281 million SLC in 2017 and was at its lowest, 9,192 million SLC, in 1997.
That places Iceland 63rd out of 181 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 10,438 million SLC | — |
| 1996 | 21,063 million SLC | +101.8% |
| 1997 | 9,192 million SLC | -56.4% |
| 1998 | 26,769 million SLC | +191.2% |
| 1999 | 19,318 million SLC | -27.8% |
| 2000 | 26,069 million SLC | +34.9% |
| 2001 | 30,939 million SLC | +18.7% |
| 2002 | 16,913 million SLC | -45.3% |
| 2003 | 12,567 million SLC | -25.7% |
| 2004 | 19,237 million SLC | +53.1% |
| 2005 | 19,342 million SLC | +0.5% |
| 2006 | 18,984 million SLC | -1.9% |
| 2007 | 19,998 million SLC | +5.3% |
| 2008 | 11,117 million SLC | -44.4% |
| 2009 | 12,798 million SLC | +15.1% |
| 2010 | 13,530 million SLC | +5.7% |
| 2011 | 16,948 million SLC | +25.3% |
| 2012 | 17,934 million SLC | +5.8% |
| 2013 | 11,554 million SLC | -35.6% |
| 2014 | 21,989 million SLC | +90.3% |
| 2015 | 32,423 million SLC | +47.5% |
| 2016 | 31,332 million SLC | -3.4% |
| 2017 | 34,281 million SLC | +9.4% |
| 2018 | 21,944 million SLC | -36.0% |
| 2019 | 28,870 million SLC | +31.6% |
| 2020 | 27,497 million SLC | -4.8% |
| 2021 | 32,836 million SLC | +19.4% |
| 2022 | 22,117 million SLC | -32.6% |
| 2023 | 18,361 million SLC | -17.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,356 million SLC | 9,192 million SLC | 26,769 million SLC | 5 |
| 2000s | 18,796 million SLC | 11,117 million SLC | 30,939 million SLC | 10 |
| 2010s | 23,080 million SLC | 11,554 million SLC | 34,281 million SLC | 10 |
| 2020s | 25,203 million SLC | 18,361 million SLC | 32,836 million SLC | 4 |
Countries ranked near Iceland
More environment data for Iceland
- Historical exposure to drought — Land soil moisture anomaly 3.89 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.587 °C (2025)
- Temperature change 1.47 °C (2025)
- Wood-based panels — Import quantity, annual growth rate 0.1539 % change on previous year (2024)
- Wood-based panels — Import quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Wood-based panels — Import quantity, per capita 0.0842 m3 per person (2024)
- Wood-based panels — Import value, annual growth rate 8.85 % change on previous year (2024)
- Wood-based panels — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
- Wood-based panels — Import value, per capita 0.0829 1000 USD per person (2024)
Frequently asked questions
- What is gross fixed capital formation (agriculture, forestry and fishing) in Iceland?
- Gross fixed capital formation (agriculture, forestry and fishing) in Iceland was 18,361 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation (agriculture, forestry and fishing) recorded in Iceland?
- The highest recorded value was 34,281 million SLC in 2017.
- What is the lowest gross fixed capital formation (agriculture, forestry and fishing) recorded in Iceland?
- The lowest recorded value was 9,192 million SLC in 1997.
- How does Iceland rank for gross fixed capital formation (agriculture, forestry and fishing)?
- Iceland ranks 63rd out of 181 countries with data for 2023.
- Is gross fixed capital formation (agriculture, forestry and fishing) rising or falling in Iceland?
- Over the last ten years it is up 58.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.