Gross capital formation in Greenland
Greenland: Gross capital formation was -3.6% in 2023. ◆ Volatile
Gross capital formation in Greenland, 2004–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2023, gross capital formation in Greenland stood at -3.6%.
Compared with earlier readings it is down 303.6% on the previous year and up 82.7% over ten years.
Over the whole period, gross capital formation in Greenland peaked at 66.5% in 2010 and was at its lowest, -39.0%, in 2012.
Greenland ranks 139th of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Greenland, year by year
| Year | annual % growth | 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
- 136 Denmark -3.4% compare
- 137 New Zealand -3.5% compare
- 138 Greece -3.5% compare
- 140 Dominican Republic -4.4% compare
- 141 Tajikistan -4.4% compare
- 142 Cyprus -4.6% compare
More economy & growth data for Greenland
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gross domestic savings (current US$), per capita 15,036 current US$ per person (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
Frequently asked questions
- What is gross capital formation in Greenland?
- Gross capital formation in Greenland was -3.6% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Greenland?
- The highest recorded value was 66.5% in 2010.
- What is the lowest gross capital formation recorded in Greenland?
- The lowest recorded value was -39.0% in 2012.
- How does Greenland rank for gross capital formation?
- Greenland ranks 139th out of 168 countries with data for 2023.
- Is 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.