Gross capital formation (current US$), per unit of GDP in Greenland
Greenland: Gross capital formation (current US$), per unit of GDP was 0.36 current US$ per US$ of GDP in 2023. ▲ Rising
Gross capital formation (current US$), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for gross capital formation (current us$), per unit of gdp in Greenland is 0.36 current US$ per US$ of GDP, measured in 2023.
Compared with earlier readings it is down 4.9% on the previous year and up 19.6% over ten years.
Over the whole period, gross capital formation (current us$), per unit of gdp in Greenland peaked at 0.6401 current US$ per US$ of GDP in 2011 and was at its lowest, 0.1632 current US$ per US$ of GDP, in 2004.
That places Greenland 12th out of 187 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Gross capital formation (current US$), per unit of GDP in Greenland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.1936 current US$ per US$ of GDP | — |
| 2004 | 0.1632 current US$ per US$ of GDP | -15.7% |
| 2005 | 0.2416 current US$ per US$ of GDP | +48.1% |
| 2006 | 0.2314 current US$ per US$ of GDP | -4.2% |
| 2007 | 0.305 current US$ per US$ of GDP | +31.8% |
| 2008 | 0.403 current US$ per US$ of GDP | +32.1% |
| 2009 | 0.3221 current US$ per US$ of GDP | -20.1% |
| 2010 | 0.5235 current US$ per US$ of GDP | +62.5% |
| 2011 | 0.6401 current US$ per US$ of GDP | +22.3% |
| 2012 | 0.3767 current US$ per US$ of GDP | -41.1% |
| 2013 | 0.301 current US$ per US$ of GDP | -20.1% |
| 2014 | 0.226 current US$ per US$ of GDP | -24.9% |
| 2015 | 0.2403 current US$ per US$ of GDP | +6.3% |
| 2016 | 0.245 current US$ per US$ of GDP | +1.9% |
| 2017 | 0.2362 current US$ per US$ of GDP | -3.6% |
| 2018 | 0.2174 current US$ per US$ of GDP | -7.9% |
| 2019 | 0.3127 current US$ per US$ of GDP | +43.8% |
| 2020 | 0.3302 current US$ per US$ of GDP | +5.6% |
| 2021 | 0.3711 current US$ per US$ of GDP | +12.4% |
| 2022 | 0.3784 current US$ per US$ of GDP | +2.0% |
| 2023 | 0.36 current US$ per US$ of GDP | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2657 current US$ per US$ of GDP | 0.1632 current US$ per US$ of GDP | 0.403 current US$ per US$ of GDP | 7 |
| 2010s | 0.3319 current US$ per US$ of GDP | 0.2174 current US$ per US$ of GDP | 0.6401 current US$ per US$ of GDP | 10 |
| 2020s | 0.3599 current US$ per US$ of GDP | 0.3302 current US$ per US$ of GDP | 0.3784 current US$ per US$ of GDP | 4 |
Countries ranked near Greenland
- 9 Gambia 0.4039 current US$ per US$ of GDP compare
- 10 Guinea 0.37 current US$ per US$ of GDP compare
- 11 Suriname 0.362 current US$ per US$ of GDP compare
- 13 Benin 0.3583 current US$ per US$ of GDP compare
- 14 Palau 0.3497 current US$ per US$ of GDP compare
- 15 India 0.346 current US$ per US$ of GDP compare
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$), annual growth rate 0.3806 % change on previous year (2023)
Frequently asked questions
- What is gross capital formation (current us$), per unit of gdp in Greenland?
- Gross capital formation (current us$), per unit of gdp in Greenland was 0.36 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.6401 current US$ per US$ of GDP in 2011.
- What is the lowest gross capital formation (current us$), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.1632 current US$ per US$ of GDP in 2004.
- How does Greenland rank for gross capital formation (current us$), per unit of gdp?
- Greenland ranks 12th out of 187 countries with data for 2023.
- Is gross capital formation (current us$), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 19.6%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current US$) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.