Gross fixed capital formation (current LCU), annual growth rate in Greenland
Greenland: Gross fixed capital formation (current LCU), annual growth rate was -2.34 % change on previous year in 2023. ◆ Volatile
Gross fixed capital formation (current LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross fixed capital formation (current lcu), annual growth rate in Greenland stood at -2.34 % change on previous year.
The figure is down 135.3% on the previous year and up 89.2% over ten years.
Over the whole period, gross fixed capital formation (current lcu), annual growth rate in Greenland peaked at 71.34 % change on previous year in 2010 and was at its lowest, -37.95 % change on previous year, in 2012.
Greenland ranks 164th of 179 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 (current LCU), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | -10.36 % change on previous year | — |
| 2005 | 49.18 % change on previous year | -574.5% |
| 2006 | 5.05 % change on previous year | -89.7% |
| 2007 | 37.55 % change on previous year | +644.3% |
| 2008 | 34.66 % change on previous year | -7.7% |
| 2009 | -17.1 % change on previous year | -149.3% |
| 2010 | 71.34 % change on previous year | -517.3% |
| 2011 | 27.2 % change on previous year | -61.9% |
| 2012 | -37.95 % change on previous year | -239.5% |
| 2013 | -21.7 % change on previous year | -42.8% |
| 2014 | -17.8 % change on previous year | -18.0% |
| 2015 | 8.25 % change on previous year | -146.3% |
| 2016 | 14.01 % change on previous year | +69.8% |
| 2017 | -5.42 % change on previous year | -138.7% |
| 2018 | -5.19 % change on previous year | -4.2% |
| 2019 | 49 % change on previous year | -1044.5% |
| 2020 | 8.67 % change on previous year | -82.3% |
| 2021 | 14.16 % change on previous year | +63.4% |
| 2022 | 6.62 % change on previous year | -53.2% |
| 2023 | -2.34 % change on previous year | -135.3% |
Greenland compared with similar countries
- Greenland's -2.34 % change on previous year is below the median for high income countries, which is 4.37 % change on previous year. (64 countries reporting)
- Greenland's -2.34 % change on previous year is below the median for Europe & Central Asia, which is 5.88 % change on previous year. (51 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU), annual growth rate in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +1044.5% | -5.19 % change on previous year | 49 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.5 % change on previous year | -17.1 % change on previous year | 49.18 % change on previous year | 6 |
| 2010s | 8.17 % change on previous year | -37.95 % change on previous year | 71.34 % change on previous year | 10 |
| 2020s | 6.78 % change on previous year | -2.34 % change on previous year | 14.16 % change on previous year | 4 |
Countries ranked near Greenland
- 161 Bolivia -1.65 % change on previous year compare
- 162 South Korea -1.73 % change on previous year compare
- 163 Denmark -2 % change on previous year compare
- 165 Trinidad and Tobago -2.42 % change on previous year compare
- 166 New Zealand -2.65 % change on previous year compare
- 167 Zambia -2.94 % change on previous year 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 (current lcu), annual growth rate in Greenland?
- Gross fixed capital formation (current lcu), annual growth rate in Greenland was -2.34 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 71.34 % change on previous year in 2010.
- What is the lowest gross fixed capital formation (current lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -37.95 % change on previous year in 2012.
- How does Greenland rank for gross fixed capital formation (current lcu), annual growth rate?
- Greenland ranks 164th out of 179 countries with data for 2023.
- Is gross fixed capital formation (current lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 89.2%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.