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$, in 2004.
Greenland ranks 139th of 161 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross fixed capital formation in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 339.58 million constant 2015 US$ | — |
| 2004 | 319.47 million constant 2015 US$ | -5.9% |
| 2005 | 462.05 million constant 2015 US$ | +44.6% |
| 2006 | 478.95 million constant 2015 US$ | +3.7% |
| 2007 | 635.16 million constant 2015 US$ | +32.6% |
| 2008 | 834.68 million constant 2015 US$ | +31.4% |
| 2009 | 694.80 million constant 2015 US$ | -16.8% |
| 2010 | 1.18 billion constant 2015 US$ | +69.5% |
| 2011 | 1.47 billion constant 2015 US$ | +24.6% |
| 2012 | 900.78 million constant 2015 US$ | -38.6% |
| 2013 | 701.10 million constant 2015 US$ | -22.2% |
| 2014 | 567.12 million constant 2015 US$ | -19.1% |
| 2015 | 600.39 million constant 2015 US$ | +5.9% |
| 2016 | 684.57 million constant 2015 US$ | +14.0% |
| 2017 | 634.11 million constant 2015 US$ | -7.4% |
| 2018 | 595.75 million constant 2015 US$ | -6.0% |
| 2019 | 874.02 million constant 2015 US$ | +46.7% |
| 2020 | 966.20 million constant 2015 US$ | +10.5% |
| 2021 | 1.10 billion constant 2015 US$ | +13.3% |
| 2022 | 1.09 billion constant 2015 US$ | -0.6% |
| 2023 | 1.05 billion constant 2015 US$ | -3.8% |
Greenland compared with similar countries
- Greenland's 1.05 billion constant 2015 US$ is below the median for high income countries, which is 50.87 billion constant 2015 US$, 2% of the median. (57 countries reporting)
- Greenland's 1.05 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 27.92 billion constant 2015 US$, 4% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 537.81 million constant 2015 US$ | 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
- 136 Bhutan 1.37 billion constant 2015 US$ compare
- 137 Djibouti 1.09 billion constant 2015 US$ compare
- 138 Maldives 1.06 billion constant 2015 US$ compare
- 140 Bermuda 872.17 million constant 2015 US$ compare
- 141 Gambia 845.19 million constant 2015 US$ compare
- 142 Lesotho 842.88 million constant 2015 US$ compare
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 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 139th out of 161 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.