Gross fixed capital formation in Greenland
Greenland: Gross fixed capital formation was -3.8% in 2023. ◆ Volatile
Gross fixed capital formation in Greenland, 2004–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in Greenland is -3.8%, measured in 2023.
The figure is down 543.8% on the previous year and up 83.0% over ten years.
Over the whole period, gross fixed capital formation in Greenland peaked at 69.5% in 2010 and was at its lowest, -38.6%, in 2012.
Greenland ranks 149th of 166 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Greenland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2004 | -5.9% | — |
| 2005 | 44.6% | -853.9% |
| 2006 | 3.7% | -91.8% |
| 2007 | 32.6% | +792.0% |
| 2008 | 31.4% | -3.7% |
| 2009 | -16.8% | -153.4% |
| 2010 | 69.5% | -514.6% |
| 2011 | 24.6% | -64.6% |
| 2012 | -38.6% | -257.0% |
| 2013 | -22.2% | -42.6% |
| 2014 | -19.1% | -13.8% |
| 2015 | 5.9% | -130.7% |
| 2016 | 14.0% | +138.9% |
| 2017 | -7.4% | -152.6% |
| 2018 | -6.0% | -17.9% |
| 2019 | 46.7% | -872.1% |
| 2020 | 10.5% | -77.4% |
| 2021 | 13.3% | +26.5% |
| 2022 | -0.6% | -104.4% |
| 2023 | -3.8% | +543.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.9% | -16.8% | 44.6% | 6 |
| 2010s | 6.7% | -38.6% | 69.5% | 10 |
| 2020s | 4.9% | -3.8% | 13.3% | 4 |
Countries ranked near Greenland
- 146 Republic of Korea -3.2% compare
- 147 Denmark -3.5% compare
- 148 Niger -3.7% compare
- 150 Nepal -4.1% compare
- 151 San Marino -4.7% compare
- 152 New Zealand -4.9% compare
More economy & growth data for Greenland
- GNI (current US$), per capita 36,110 current US$ per person (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 LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI, Atlas method (current US$), annual growth rate 14.64 % change on previous year (2007)
- GNI, Atlas method (current US$), per unit of GDP 0.8747 current US$ per US$ of GDP (2007)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
Frequently asked questions
- What is gross fixed capital formation in Greenland?
- Gross fixed capital formation in Greenland was -3.8% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Greenland?
- The highest recorded value was 69.5% in 2010.
- What is the lowest gross fixed capital formation recorded in Greenland?
- The lowest recorded value was -38.6% in 2012.
- How does Greenland rank for gross fixed capital formation?
- Greenland ranks 149th out of 166 countries with data for 2023.
- Is gross fixed capital formation rising or falling in Greenland?
- Over the last ten years it is up 83.0%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.