Gross fixed capital formation in Greenland
Greenland: Gross fixed capital formation was 1.05 billion constant 2015 US$ in 2023. ▲ Rising
Gross fixed capital formation in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in Greenland is 1.05 billion constant 2015 US$, measured in 2023.
That represents a change of down 3.8% on the previous year and up 49.4% over ten years.
Over the whole period, gross fixed capital formation in Greenland peaked at 1.47 billion constant 2015 US$ in 2011 and was at its lowest, 319.47 million constant 2015 US$, in 2004.
Greenland ranks 137th of 159 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 537.81 million constant 2015 US$ | 319.47 million constant 2015 US$ | 834.68 million constant 2015 US$ | 7 |
| 2010s | 820.25 million constant 2015 US$ | 567.12 million constant 2015 US$ | 1.47 billion constant 2015 US$ | 10 |
| 2020s | 1.05 billion constant 2015 US$ | 966.20 million constant 2015 US$ | 1.10 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 134 Bhutan 1.37 billion constant 2015 US$ compare
- 135 Djibouti 1.09 billion constant 2015 US$ compare
- 136 Maldives 1.06 billion constant 2015 US$ compare
- 138 Bermuda 872.17 million constant 2015 US$ compare
- 139 Gambia 845.19 million constant 2015 US$ compare
- 140 Lesotho 842.88 million constant 2015 US$ compare
More economy & growth data for Greenland
- Industry (including construction), value added 18.4% (2023)
- Manufacturing, value added 2.7% (2023)
- Industry (including construction), value added 613.64 million current US$ (2023)
- Industry (including construction), value added 4.23 billion current LCU (2023)
- Industry (including construction), value added 495.03 million constant 2015 US$ (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Services, value added 10.29 billion constant LCU (2023)
- Services, value added 2.2% (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
Frequently asked questions
- What is gross fixed capital formation in Greenland?
- Gross fixed capital formation in Greenland was 1.05 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Greenland?
- The highest recorded value was 1.47 billion constant 2015 US$ in 2011.
- What is the lowest gross fixed capital formation recorded in Greenland?
- The lowest recorded value was 319.47 million constant 2015 US$ in 2004.
- How does Greenland rank for gross fixed capital formation?
- Greenland ranks 137th out of 159 countries with data for 2023.
- Is gross fixed capital formation rising or falling in Greenland?
- Over the last ten years it is up 49.4%. 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 fixed capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.