Gross capital formation (current LCU), per unit of GDP (current unit) in Greenland
Greenland: Gross capital formation (current LCU), per unit of GDP (current unit) was 2.48 current LCU per US$ of GDP in 2023. ▲ Rising
Gross capital formation (current LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross capital formation (current lcu), per unit of gdp in Greenland is 2.48 current LCU per US$ of GDP, measured in 2023.
That represents a change of down 7.4% on the previous year and up 46.7% over ten years.
Over the whole period, gross capital formation (current lcu), per unit of gdp in Greenland peaked at 3.44 current LCU per US$ of GDP in 2011 and was at its lowest, 0.9776 current LCU per US$ of GDP, in 2004.
Greenland ranks 98th of 187 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 (current LCU), per unit of GDP (current unit) in Greenland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 1.28 current LCU per US$ of GDP | — |
| 2004 | 0.9776 current LCU per US$ of GDP | -23.3% |
| 2005 | 1.45 current LCU per US$ of GDP | +48.2% |
| 2006 | 1.38 current LCU per US$ of GDP | -5.0% |
| 2007 | 1.66 current LCU per US$ of GDP | +20.7% |
| 2008 | 2.05 current LCU per US$ of GDP | +23.7% |
| 2009 | 1.73 current LCU per US$ of GDP | -15.9% |
| 2010 | 2.94 current LCU per US$ of GDP | +70.5% |
| 2011 | 3.44 current LCU per US$ of GDP | +16.7% |
| 2012 | 2.18 current LCU per US$ of GDP | -36.5% |
| 2013 | 1.69 current LCU per US$ of GDP | -22.5% |
| 2014 | 1.27 current LCU per US$ of GDP | -25.0% |
| 2015 | 1.62 current LCU per US$ of GDP | +27.5% |
| 2016 | 1.65 current LCU per US$ of GDP | +2.0% |
| 2017 | 1.56 current LCU per US$ of GDP | -5.4% |
| 2018 | 1.37 current LCU per US$ of GDP | -12.0% |
| 2019 | 2.09 current LCU per US$ of GDP | +51.9% |
| 2020 | 2.16 current LCU per US$ of GDP | +3.6% |
| 2021 | 2.33 current LCU per US$ of GDP | +8.0% |
| 2022 | 2.68 current LCU per US$ of GDP | +14.8% |
| 2023 | 2.48 current LCU per US$ of GDP | -7.4% |
Greenland compared with similar countries
- Greenland's 2.48 current LCU per US$ of GDP is above the median for high income countries, which is 0.3353 current LCU per US$ of GDP, 7.4× the median. (67 countries reporting)
- Greenland's 2.48 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.4098 current LCU per US$ of GDP, 6.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.5 current LCU per US$ of GDP | 0.9776 current LCU per US$ of GDP | 2.05 current LCU per US$ of GDP | 7 |
| 2010s | 1.98 current LCU per US$ of GDP | 1.27 current LCU per US$ of GDP | 3.44 current LCU per US$ of GDP | 10 |
| 2020s | 2.41 current LCU per US$ of GDP | 2.16 current LCU per US$ of GDP | 2.68 current LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 95 Eswatini 2.74 current LCU per US$ of GDP compare
- 96 Sweden 2.5 current LCU per US$ of GDP compare
- 97 South Africa 2.48 current LCU per US$ of GDP compare
- 99 Norway 2.41 current LCU per US$ of GDP compare
- 100 Faroe Islands 1.94 current LCU per US$ of GDP compare
- 101 Eritrea 1.94 current 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 (current lcu), per unit of gdp in Greenland?
- Gross capital formation (current lcu), per unit of gdp in Greenland was 2.48 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 3.44 current LCU per US$ of GDP in 2011.
- What is the lowest gross capital formation (current lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.9776 current LCU per US$ of GDP in 2004.
- How does Greenland rank for gross capital formation (current lcu), per unit of gdp?
- Greenland ranks 98th out of 187 countries with data for 2023.
- Is gross capital formation (current lcu), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 46.7%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current LCU) ÷ GDP (current US$)
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 (current 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.