Gross fixed capital formation (current US$), per unit of GDP in Greenland
Greenland: Gross fixed capital formation (current US$), per unit of GDP was 0.3469 current US$ per US$ of GDP in 2023. ▲ Rising
Gross fixed capital formation (current US$), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for gross fixed capital formation (current us$), per unit of gdp in Greenland is 0.3469 current US$ per US$ of GDP, measured in 2023.
Compared with earlier readings it is down 4.9% on the previous year and up 15.2% over ten years.
Over the whole period, gross fixed capital formation (current us$), per unit of gdp in Greenland peaked at 0.6483 current US$ per US$ of GDP in 2011 and was at its lowest, 0.1632 current US$ per US$ of GDP, in 2004.
That places Greenland 11th out of 181 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Gross fixed capital formation (current US$), per unit of GDP in Greenland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.1936 current US$ per US$ of GDP | — |
| 2004 | 0.1632 current US$ per US$ of GDP | -15.7% |
| 2005 | 0.2396 current US$ per US$ of GDP | +46.8% |
| 2006 | 0.2332 current US$ per US$ of GDP | -2.7% |
| 2007 | 0.3136 current US$ per US$ of GDP | +34.5% |
| 2008 | 0.4059 current US$ per US$ of GDP | +29.4% |
| 2009 | 0.3161 current US$ per US$ of GDP | -22.1% |
| 2010 | 0.5218 current US$ per US$ of GDP | +65.1% |
| 2011 | 0.6483 current US$ per US$ of GDP | +24.3% |
| 2012 | 0.3835 current US$ per US$ of GDP | -40.8% |
| 2013 | 0.3011 current US$ per US$ of GDP | -21.5% |
| 2014 | 0.2339 current US$ per US$ of GDP | -22.3% |
| 2015 | 0.2402 current US$ per US$ of GDP | +2.7% |
| 2016 | 0.2527 current US$ per US$ of GDP | +5.2% |
| 2017 | 0.2313 current US$ per US$ of GDP | -8.5% |
| 2018 | 0.214 current US$ per US$ of GDP | -7.5% |
| 2019 | 0.3078 current US$ per US$ of GDP | +43.8% |
| 2020 | 0.3308 current US$ per US$ of GDP | +7.5% |
| 2021 | 0.3687 current US$ per US$ of GDP | +11.4% |
| 2022 | 0.3649 current US$ per US$ of GDP | -1.0% |
| 2023 | 0.3469 current US$ per US$ of GDP | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2664 current US$ per US$ of GDP | 0.1632 current US$ per US$ of GDP | 0.4059 current US$ per US$ of GDP | 7 |
| 2010s | 0.3335 current US$ per US$ of GDP | 0.214 current US$ per US$ of GDP | 0.6483 current US$ per US$ of GDP | 10 |
| 2020s | 0.3528 current US$ per US$ of GDP | 0.3308 current US$ per US$ of GDP | 0.3687 current US$ per US$ of GDP | 4 |
Countries ranked near Greenland
- 8 Palau 0.3584 current US$ per US$ of GDP compare
- 9 Benin 0.3543 current US$ per US$ of GDP compare
- 10 Maldives 0.3484 current US$ per US$ of GDP compare
- 12 Curaçao 0.3405 current US$ per US$ of GDP compare
- 13 Uzbekistan 0.3401 current US$ per US$ of GDP compare
- 14 Guyana 0.3233 current US$ per US$ of GDP
More economy & growth data for Greenland
- Gross fixed capital formation (current US$), annual growth rate 0.3077 % change on previous year (2023)
- Imports of goods and services (current US$), per unit of GDP 0.5109 current US$ per US$ of GDP (2023)
- Gross fixed capital formation (constant 2015 US$), per unit of GDP 0.3149 constant 2015 US$ per US$ of GDP (2023)
- Gross fixed capital formation (constant 2015 US$), annual growth rate -3.77 % change on previous year (2023)
- Gross fixed capital formation (current LCU), per capita 139,801 current LCU per person (2023)
- Gross fixed capital formation (current LCU), per unit of GDP 2.39 current LCU per US$ of GDP (2023)
- Gross fixed capital formation (current US$), per capita 20,291 current US$ per person (2023)
- Exports of goods and services (current LCU), per unit of GDP 2.81 current LCU per US$ of GDP (2023)
- Exports of goods and services (current LCU), per capita 164,435 current LCU per person (2023)
- Exports of goods and services (constant 2015 US$), annual growth rate 3.01 % change on previous year (2023)
Frequently asked questions
- What is gross fixed capital formation (current us$), per unit of gdp in Greenland?
- Gross fixed capital formation (current us$), per unit of gdp in Greenland was 0.3469 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.6483 current US$ per US$ of GDP in 2011.
- What is the lowest gross fixed capital formation (current us$), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.1632 current US$ per US$ of GDP in 2004.
- How does Greenland rank for gross fixed capital formation (current us$), per unit of gdp?
- Greenland ranks 11th out of 181 countries with data for 2023.
- Is gross fixed capital formation (current us$), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 15.2%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation (current US$) ÷ GDP (current US$)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.