Gross Fixed Capital Formation — Annual growth US$, 2015 prices in Greenland
Greenland: Gross Fixed Capital Formation — Annual growth US$, 2015 prices was 2.57 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Annual growth US$, 2015 prices in Greenland, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — annual growth us$, 2015 prices in Greenland stood at 2.57 %.
Compared with earlier readings it is down 68.4% on the previous year and up 113.4% over ten years.
Over the whole period, gross fixed capital formation — annual growth us$, 2015 prices in Greenland peaked at 69.49 % in 2010 and was at its lowest, -38.6 %, in 2012.
That places Greenland 111th out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Annual growth US$, 2015 prices in Greenland, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 30.02 % | — |
| 1972 | -5.73 % | -119.1% |
| 1973 | 17.68 % | -408.3% |
| 1974 | -26.83 % | -251.8% |
| 1975 | 15.03 % | -156.0% |
| 1976 | -7.71 % | -151.3% |
| 1977 | 20.67 % | -368.2% |
| 1978 | -11.75 % | -156.8% |
| 1979 | 14.19 % | -220.8% |
| 1980 | -18.73 % | -232.0% |
| 1981 | -0.3031 % | -98.4% |
| 1982 | 0.037 % | -112.2% |
| 1983 | -22.45 % | -60846.4% |
| 1984 | 4.52 % | -120.1% |
| 1985 | -7.09 % | -256.8% |
| 1986 | -4.96 % | -30.0% |
| 1987 | 18.52 % | -473.5% |
| 1988 | 6.28 % | -66.1% |
| 1989 | -3.74 % | -159.5% |
| 1990 | -10.91 % | +192.1% |
| 1991 | 5.44 % | -149.8% |
| 1992 | -14.24 % | -362.0% |
| 1993 | -11.28 % | -20.8% |
| 1994 | 0.25 % | -102.2% |
| 1995 | 5.91 % | +2263.8% |
| 1996 | 17.73 % | +200.1% |
| 1997 | 16.42 % | -7.4% |
| 1998 | 28.33 % | +72.6% |
| 1999 | -7.61 % | -126.9% |
| 2000 | 13.43 % | -276.6% |
| 2001 | -7.08 % | -152.7% |
| 2002 | -14.29 % | +101.9% |
| 2003 | -2.82 % | -80.3% |
| 2004 | -5.92 % | +110.3% |
| 2005 | 44.63 % | -853.4% |
| 2006 | 3.66 % | -91.8% |
| 2007 | 32.62 % | +792.2% |
| 2008 | 31.41 % | -3.7% |
| 2009 | -16.76 % | -153.4% |
| 2010 | 69.49 % | -514.6% |
| 2011 | 24.58 % | -64.6% |
| 2012 | -38.6 % | -257.0% |
| 2013 | -22.17 % | -42.6% |
| 2014 | -19.11 % | -13.8% |
| 2015 | 5.87 % | -130.7% |
| 2016 | 14.02 % | +139.0% |
| 2017 | -7.37 % | -152.6% |
| 2018 | -6.05 % | -17.9% |
| 2019 | 46.71 % | -872.2% |
| 2020 | 1.57 % | -96.6% |
| 2021 | 6.65 % | +323.0% |
| 2022 | 16.7 % | +151.1% |
| 2023 | 8.13 % | -51.3% |
| 2024 | 2.57 % | -68.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.06 % | -26.83 % | 30.02 % | 9 |
| 1980s | -2.79 % | -22.45 % | 18.52 % | 10 |
| 1990s | 3 % | -14.24 % | 28.33 % | 10 |
| 2000s | 7.89 % | -16.76 % | 44.63 % | 10 |
| 2010s | 6.74 % | -38.6 % | 69.49 % | 10 |
| 2020s | 7.12 % | 1.57 % | 16.7 % | 5 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI (current US$), per capita 36,110 current US$ per person (2007)
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- GNI (current US$), per unit of GDP 0.9077 current US$ per US$ of GDP (2007)
- Gdp worldbank constant usd, per unit of GDP 0.8535 units per US$ of GDP (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Gross domestic savings (current LCU), per capita 103,593 current LCU per person (2023)
- GNI, Atlas method (current US$), annual growth rate 14.64 % change on previous year (2007)
Frequently asked questions
- What is gross fixed capital formation — annual growth us$, 2015 prices in Greenland?
- Gross fixed capital formation — annual growth us$, 2015 prices in Greenland was 2.57 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth us$, 2015 prices recorded in Greenland?
- The highest recorded value was 69.49 % in 2010.
- What is the lowest gross fixed capital formation — annual growth us$, 2015 prices recorded in Greenland?
- The lowest recorded value was -38.6 % in 2012.
- How does Greenland rank for gross fixed capital formation — annual growth us$, 2015 prices?
- Greenland ranks 111th out of 203 countries with data for 2024.
- Is gross fixed capital formation — annual growth us$, 2015 prices rising or falling in Greenland?
- Over the last ten years it is up 113.4%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).