Adjusted savings: consumption of fixed capital in Greenland
Greenland: Adjusted savings: consumption of fixed capital was 12.2% in 2007. ▲ Rising
Adjusted savings: consumption of fixed capital in Greenland, 1970–2007
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2007, adjusted savings: consumption of fixed capital in Greenland stood at 12.2%.
Compared with earlier readings it is down 10.7% on the previous year and up 6.0% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Greenland peaked at 13.7% in 2006 and was at its lowest, 8.3%, in 1970.
That places Greenland 104th out of 204 countries with data for 2007, putting it in the middle of the range.
The long-run direction has been consistently rising across the 38 years of available data.
Adjusted savings: consumption of fixed capital in Greenland, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 8.3% | — |
| 1971 | 8.4% | +0.3% |
| 1972 | 8.4% | +0.1% |
| 1973 | 8.4% | +0.2% |
| 1974 | 8.4% | +0.1% |
| 1975 | 9.2% | +9.4% |
| 1976 | 9.2% | +0.2% |
| 1977 | 9.2% | +0.3% |
| 1978 | 9.3% | +0.2% |
| 1979 | 9.3% | +0.1% |
| 1980 | 10.3% | +11.6% |
| 1981 | 10.3% | -0.9% |
| 1982 | 10.0% | -2.9% |
| 1983 | 10.2% | +2.5% |
| 1984 | 10.0% | -1.9% |
| 1985 | 10.9% | +9.1% |
| 1986 | 11.1% | +1.8% |
| 1987 | 11.0% | -0.6% |
| 1988 | 11.1% | +0.2% |
| 1989 | 11.0% | -0.6% |
| 1990 | 11.0% | -0.1% |
| 1991 | 11.0% | -0.2% |
| 1992 | 11.0% | +0.1% |
| 1993 | 10.9% | -0.8% |
| 1994 | 10.8% | -1.1% |
| 1995 | 11.7% | +8.4% |
| 1996 | 11.5% | -1.1% |
| 1997 | 11.5% | -0.3% |
| 1998 | 11.6% | +0.6% |
| 1999 | 11.6% | +0.2% |
| 2000 | 11.5% | -0.7% |
| 2001 | 11.5% | +0.1% |
| 2002 | 11.5% | +0.1% |
| 2003 | 12.5% | +8.5% |
| 2004 | 12.8% | +2.0% |
| 2005 | 12.3% | -3.8% |
| 2006 | 13.7% | +11.2% |
| 2007 | 12.2% | -10.7% |
Greenland compared with similar countries
- Greenland's 12.2% is below the median for high income countries, which is 15.2%, 80% of the median. (73 countries reporting)
- Greenland's 12.2% is below the median for Europe & Central Asia, which is 16.2%, 75% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.8% | 8.3% | 9.3% | 10 |
| 1980s | 10.6% | 10.0% | 11.1% | 10 |
| 1990s | 11.2% | 10.8% | 11.7% | 10 |
| 2000s | 12.2% | 11.5% | 13.7% | 8 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (current LCU), per 2.87 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU) 3.81 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Greenland?
- Adjusted savings: consumption of fixed capital in Greenland was 12.2% in 2007, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Greenland?
- The highest recorded value was 13.7% in 2006.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Greenland?
- The lowest recorded value was 8.3% in 1970.
- How does Greenland rank for adjusted savings: consumption of fixed capital?
- Greenland ranks 104th out of 204 countries with data for 2007.
- Is adjusted savings: consumption of fixed capital rising or falling in Greenland?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.