Annual growth of the gross capital formation in Greenland
Greenland: Annual growth of the gross capital formation was -3.6% in 2023. ◆ Volatile
Annual growth of the gross capital formation in Greenland, 2004–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Greenland recorded -3.6% for annual growth of the gross capital formation in 2023.
That represents a change of down 303.6% on the previous year and up 82.7% over ten years.
Over the whole period, annual growth of the gross capital formation in Greenland peaked at 66.5% in 2010 and was at its lowest, -39.0%, in 2012.
Greenland ranks 133rd of 174 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Greenland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | -5.9% | — |
| 2005 | 45.4% | -866.8% |
| 2006 | 2.0% | -95.5% |
| 2007 | 30.1% | +1369.1% |
| 2008 | 34.6% | +15.1% |
| 2009 | -14.5% | -141.9% |
| 2010 | 66.5% | -558.8% |
| 2011 | 22.3% | -66.5% |
| 2012 | -39.0% | -274.8% |
| 2013 | -20.7% | -46.8% |
| 2014 | -21.9% | +5.7% |
| 2015 | 10.2% | -146.6% |
| 2016 | 10.9% | +6.5% |
| 2017 | -4.1% | -138.0% |
| 2018 | -6.9% | +66.7% |
| 2019 | 46.9% | -781.1% |
| 2020 | 7.0% | -85.1% |
| 2021 | 13.7% | +96.5% |
| 2022 | 1.8% | -87.1% |
| 2023 | -3.6% | -303.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.3% | -14.5% | 45.4% | 6 |
| 2010s | 6.4% | -39.0% | 66.5% | 10 |
| 2020s | 4.7% | -3.6% | 13.7% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current US$) 5.29 % change on previous year (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Exports of goods and services (current LCU), annual growth rate 2.77 % change on previous year (2023)
Frequently asked questions
- What is annual growth of the gross capital formation in Greenland?
- Annual growth of the gross capital formation in Greenland was -3.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Greenland?
- The highest recorded value was 66.5% in 2010.
- What is the lowest annual growth of the gross capital formation recorded in Greenland?
- The lowest recorded value was -39.0% in 2012.
- How does Greenland rank for annual growth of the gross capital formation?
- Greenland ranks 133rd out of 174 countries with data for 2023.
- Is annual growth of the gross capital formation rising or falling in Greenland?
- Over the last ten years it is up 82.7%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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