Gross capital formation (constant LCU), per unit of GDP in Greenland
Greenland: Gross capital formation (constant LCU), per unit of GDP was 1.96 constant LCU per US$ of GDP in 2023. ▲ Rising
Gross capital formation (constant LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Greenland recorded 1.96 constant LCU per US$ of GDP for gross capital formation (constant lcu), per unit of gdp 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 lcu), per unit of gdp in Greenland peaked at 3.36 constant LCU per US$ of GDP in 2011 and was at its lowest, 1.09 constant LCU per US$ of GDP, in 2004.
Greenland ranks 82nd of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Gross capital formation (constant LCU), per unit of GDP in Greenland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 1.36 constant LCU per US$ of GDP | — |
| 2004 | 1.09 constant LCU per US$ of GDP | -19.5% |
| 2005 | 1.57 constant LCU per US$ of GDP | +43.3% |
| 2006 | 1.47 constant LCU per US$ of GDP | -6.2% |
| 2007 | 1.71 constant LCU per US$ of GDP | +16.4% |
| 2008 | 2.07 constant LCU per US$ of GDP | +21.2% |
| 2009 | 1.75 constant LCU per US$ of GDP | -15.5% |
| 2010 | 2.94 constant LCU per US$ of GDP | +68.3% |
| 2011 | 3.36 constant LCU per US$ of GDP | +14.0% |
| 2012 | 2.11 constant LCU per US$ of GDP | -37.2% |
| 2013 | 1.62 constant LCU per US$ of GDP | -23.0% |
| 2014 | 1.2 constant LCU per US$ of GDP | -26.2% |
| 2015 | 1.5 constant LCU per US$ of GDP | +25.3% |
| 2016 | 1.54 constant LCU per US$ of GDP | +2.4% |
| 2017 | 1.4 constant LCU per US$ of GDP | -9.0% |
| 2018 | 1.22 constant LCU per US$ of GDP | -13.1% |
| 2019 | 1.82 constant LCU per US$ of GDP | +49.8% |
| 2020 | 1.89 constant LCU per US$ of GDP | +3.8% |
| 2021 | 2.02 constant LCU per US$ of GDP | +6.7% |
| 2022 | 2.14 constant LCU per US$ of GDP | +6.3% |
| 2023 | 1.96 constant LCU per US$ of GDP | -8.6% |
Greenland compared with similar countries
- Greenland's 1.96 constant LCU per US$ of GDP is above the median for high income countries, which is 0.2109 constant LCU per US$ of GDP, 9.3× the median. (58 countries reporting)
- Greenland's 1.96 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.1754 constant LCU per US$ of GDP, 11.2× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.57 constant LCU per US$ of GDP | 1.09 constant LCU per US$ of GDP | 2.07 constant LCU per US$ of GDP | 7 |
| 2010s | 1.87 constant LCU per US$ of GDP | 1.2 constant LCU per US$ of GDP | 3.36 constant LCU per US$ of GDP | 10 |
| 2020s | 2 constant LCU per US$ of GDP | 1.89 constant LCU per US$ of GDP | 2.14 constant LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 79 Namibia 2.16 constant LCU per US$ of GDP compare
- 80 Sierra Leone 2.05 constant LCU per US$ of GDP compare
- 81 Sweden 2.04 constant LCU per US$ of GDP compare
- 83 Eritrea 1.94 constant LCU per US$ of GDP compare
- 84 Norway 1.9 constant LCU per US$ of GDP compare
- 85 Eswatini 1.89 constant LCU 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 lcu), per unit of gdp in Greenland?
- Gross capital formation (constant lcu), per unit of gdp in Greenland was 1.96 constant LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (constant lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 3.36 constant LCU per US$ of GDP in 2011.
- What is the lowest gross capital formation (constant lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 1.09 constant LCU per US$ of GDP in 2004.
- How does Greenland rank for gross capital formation (constant lcu), per unit of gdp?
- Greenland ranks 82nd out of 170 countries with data for 2023.
- Is gross capital formation (constant lcu), 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.