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: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual growth of the gross capital formation in Greenland stood at -3.6%.
The figure is down 304.0% 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.
That places Greenland 128th out of 167 countries with data for 2023, putting it 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% | -866.9% |
| 2006 | 2.0% | -95.5% |
| 2007 | 30.1% | +1366.8% |
| 2008 | 34.6% | +15.1% |
| 2009 | -14.5% | -141.9% |
| 2010 | 66.5% | -558.9% |
| 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% | +66.8% |
| 2019 | 46.9% | -781.3% |
| 2020 | 7.0% | -85.1% |
| 2021 | 13.7% | +96.6% |
| 2022 | 1.8% | -87.2% |
| 2023 | -3.6% | -304.0% |
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
- Imports of goods and services (current US$), annual growth rate 2.55 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per capita 18,332 constant 2015 US$ per person (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3134 constant 2015 US$ per US$ of GDP (2023)
- Gross capital formation (constant 2015 US$), annual growth rate -3.59 % change on previous year (2023)
- Gross capital formation (current LCU), per capita 145,077 current LCU per person (2023)
- Gross capital formation (current LCU), per unit of GDP 2.48 current LCU per US$ of GDP (2023)
- Imports of goods and services (current US$), per unit of GDP 0.5109 current US$ per US$ of GDP (2023)
- Gross capital formation (current LCU), annual growth rate -2.26 % change on previous year (2023)
- Gross capital formation (current US$), per capita 21,057 current US$ per person (2023)
- Gross capital formation (current US$), per unit of GDP 0.36 current US$ per US$ of GDP (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 World Bank – processed by Our World in Data.
- 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 128th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).