Gross capital formation (current US$) in Greenland
Greenland: Gross capital formation (current US$) was 1.20 billion current US$ in 2023. ▲ Rising
Gross capital formation in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Greenland is 1.20 billion current US$, measured in 2023.
Compared with earlier readings it is up 0.4% on the previous year and up 48.2% over ten years.
Over the whole period, gross capital formation in Greenland peaked at 1.72 billion current US$ in 2011 and was at its lowest, 297.38 million current US$, in 2004.
Greenland ranks 156th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross capital formation (current US$) in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 301.71 million current US$ | — |
| 2004 | 297.38 million current US$ | -1.4% |
| 2005 | 446.88 million current US$ | +50.3% |
| 2006 | 465.81 million current US$ | +4.2% |
| 2007 | 686.15 million current US$ | +47.3% |
| 2008 | 1.01 billion current US$ | +46.8% |
| 2009 | 814.96 million current US$ | -19.1% |
| 2010 | 1.31 billion current US$ | +60.8% |
| 2011 | 1.72 billion current US$ | +31.1% |
| 2012 | 983.12 million current US$ | -42.8% |
| 2013 | 808.04 million current US$ | -17.8% |
| 2014 | 642.25 million current US$ | -20.5% |
| 2015 | 600.53 million current US$ | -6.5% |
| 2016 | 663.16 million current US$ | +10.4% |
| 2017 | 673.42 million current US$ | +1.5% |
| 2018 | 664.36 million current US$ | -1.3% |
| 2019 | 937.24 million current US$ | +41.1% |
| 2020 | 1.02 billion current US$ | +8.8% |
| 2021 | 1.22 billion current US$ | +19.8% |
| 2022 | 1.19 billion current US$ | -2.4% |
| 2023 | 1.20 billion current US$ | +0.4% |
Greenland compared with similar countries
- Greenland's 1.20 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 2% of the median. (67 countries reporting)
- Greenland's 1.20 billion current US$ is below the median for Europe & Central Asia, which is 29.72 billion current US$, 4% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 574.28 million current US$ | 297.38 million current US$ | 1.01 billion current US$ | 7 |
| 2010s | 900.09 million current US$ | 600.53 million current US$ | 1.72 billion current US$ | 10 |
| 2020s | 1.16 billion current US$ | 1.02 billion current US$ | 1.22 billion current US$ | 4 |
Countries ranked near Greenland
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 in Greenland?
- Gross capital formation in Greenland was 1.20 billion current US$ 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 1.72 billion current US$ in 2011.
- What is the lowest gross capital formation recorded in Greenland?
- The lowest recorded value was 297.38 million current US$ in 2004.
- How does Greenland rank for gross capital formation?
- Greenland ranks 156th out of 187 countries with data for 2023.
- Is gross capital formation rising or falling in Greenland?
- Over the last ten years it is up 48.2%. The long-run trend across the full record is rising.
- 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 (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.