Gross capital formation (constant 2015 US$), per unit of GDP (unit) in Greenland
Greenland: Gross capital formation (constant 2015 US$), per unit of GDP (unit) was 0.3134 constant 2015 US$ per US$ of GDP in 2023. ▲ Rising
Gross capital formation (constant 2015 US$), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for gross capital formation (constant 2015 us$), per unit of gdp in Greenland is 0.3134 constant 2015 US$ per US$ of GDP, measured in 2023.
That represents a change of down 8.6% on the previous year and up 20.6% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), per unit of gdp in Greenland peaked at 0.5373 constant 2015 US$ per US$ of GDP in 2011 and was at its lowest, 0.175 constant 2015 US$ per US$ of GDP, in 2004.
Greenland ranks 14th of 163 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Gross capital formation (constant 2015 US$), per unit of GDP (unit) in Greenland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.2175 constant 2015 US$ per US$ of GDP | — |
| 2004 | 0.175 constant 2015 US$ per US$ of GDP | -19.5% |
| 2005 | 0.2507 constant 2015 US$ per US$ of GDP | +43.3% |
| 2006 | 0.2351 constant 2015 US$ per US$ of GDP | -6.2% |
| 2007 | 0.2736 constant 2015 US$ per US$ of GDP | +16.4% |
| 2008 | 0.3315 constant 2015 US$ per US$ of GDP | +21.2% |
| 2009 | 0.28 constant 2015 US$ per US$ of GDP | -15.5% |
| 2010 | 0.4712 constant 2015 US$ per US$ of GDP | +68.3% |
| 2011 | 0.5373 constant 2015 US$ per US$ of GDP | +14.0% |
| 2012 | 0.3374 constant 2015 US$ per US$ of GDP | -37.2% |
| 2013 | 0.2599 constant 2015 US$ per US$ of GDP | -23.0% |
| 2014 | 0.1917 constant 2015 US$ per US$ of GDP | -26.2% |
| 2015 | 0.2403 constant 2015 US$ per US$ of GDP | +25.3% |
| 2016 | 0.246 constant 2015 US$ per US$ of GDP | +2.4% |
| 2017 | 0.2239 constant 2015 US$ per US$ of GDP | -9.0% |
| 2018 | 0.1945 constant 2015 US$ per US$ of GDP | -13.1% |
| 2019 | 0.2914 constant 2015 US$ per US$ of GDP | +49.8% |
| 2020 | 0.3024 constant 2015 US$ per US$ of GDP | +3.8% |
| 2021 | 0.3226 constant 2015 US$ per US$ of GDP | +6.7% |
| 2022 | 0.343 constant 2015 US$ per US$ of GDP | +6.3% |
| 2023 | 0.3134 constant 2015 US$ per US$ of GDP | -8.6% |
Greenland compared with similar countries
- Greenland's 0.3134 constant 2015 US$ per US$ of GDP is above the median for high income countries, which is 0.1667 constant 2015 US$ per US$ of GDP, 1.9× the median. (58 countries reporting)
- Greenland's 0.3134 constant 2015 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.166 constant 2015 US$ per US$ of GDP, 1.9× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2519 constant 2015 US$ per US$ of GDP | 0.175 constant 2015 US$ per US$ of GDP | 0.3315 constant 2015 US$ per US$ of GDP | 7 |
| 2010s | 0.2994 constant 2015 US$ per US$ of GDP | 0.1917 constant 2015 US$ per US$ of GDP | 0.5373 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.3204 constant 2015 US$ per US$ of GDP | 0.3024 constant 2015 US$ per US$ of GDP | 0.343 constant 2015 US$ per US$ of GDP | 4 |
Countries ranked near Greenland
- 11 Ethiopia 0.3295 constant 2015 US$ per US$ of GDP compare
- 12 Gambia 0.3259 constant 2015 US$ per US$ of GDP compare
- 13 Botswana 0.3206 constant 2015 US$ per US$ of GDP compare
- 15 Laos 0.3061 constant 2015 US$ per US$ of GDP compare
- 16 India 0.305 constant 2015 US$ per US$ of GDP compare
- 17 Sierra Leone 0.304 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Greenland
- Final consumption expenditure (current LCU), per capita 299,448 current LCU 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 capita 40,333 constant 2015 US$ per person (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$), annual growth rate 1.24 % change on previous year (2023)
- Final consumption expenditure (current LCU), annual growth rate 3.24 % change on previous year (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.743 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), per capita 43,463 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per unit of GDP 5.12 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), per unit of gdp in Greenland?
- Gross capital formation (constant 2015 us$), per unit of gdp in Greenland was 0.3134 constant 2015 US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.5373 constant 2015 US$ per US$ of GDP in 2011.
- What is the lowest gross capital formation (constant 2015 us$), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.175 constant 2015 US$ per US$ of GDP in 2004.
- How does Greenland rank for gross capital formation (constant 2015 us$), per unit of gdp?
- Greenland ranks 14th out of 163 countries with data for 2023.
- Is gross capital formation (constant 2015 us$), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 20.6%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.