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. Measured in %.
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 175 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 | % | 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% |
Greenland compared with similar countries
- Greenland's -3.6% is below the median for high income countries, which is -0.2%, 14.8× the median. (55 countries reporting)
- Greenland's -3.6% is below the median for Europe & Central Asia, which is 1.6%. (48 countries reporting)
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +1369.1% | 2.0% | 30.1% |
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
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (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$), annual growth rate 4.12 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % 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 175 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.
Download this data
CSV · JSON — 20 observations, free to reuse under UN SDG Global Database (open, attribution requested).