Gross Fixed Capital … Deflator Standard Local Currency in Greenland
Greenland: Gross Fixed Capital … Deflator Standard Local Currency was 86.3 SLC in 2024. ▲ Rising
Gross Fixed Capital Formation Deflator — Value Standard Local in Greenland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Greenland recorded 86.3 SLC for gross fixed capital formation deflator — value standard local in 2024.
That represents a change of up 2.6% on the previous year and down 11.8% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Greenland peaked at 106.81 SLC in 2020 and was at its lowest, 12.01 SLC, in 1970.
Greenland ranks 205th of 208 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital … Deflator Standard Local Currency in Greenland, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 12.01 SLC | — |
| 1971 | 13.39 SLC | +11.4% |
| 1972 | 14.15 SLC | +5.7% |
| 1973 | 15.24 SLC | +7.7% |
| 1974 | 17.61 SLC | +15.6% |
| 1975 | 20.5 SLC | +16.4% |
| 1976 | 23.21 SLC | +13.2% |
| 1977 | 24.83 SLC | +7.0% |
| 1978 | 27.13 SLC | +9.3% |
| 1979 | 29.16 SLC | +7.5% |
| 1980 | 32.53 SLC | +11.6% |
| 1981 | 37.39 SLC | +14.9% |
| 1982 | 42.26 SLC | +13.0% |
| 1983 | 46.36 SLC | +9.7% |
| 1984 | 50.48 SLC | +8.9% |
| 1985 | 54.23 SLC | +7.4% |
| 1986 | 56.46 SLC | +4.1% |
| 1987 | 59.07 SLC | +4.6% |
| 1988 | 62.82 SLC | +6.4% |
| 1989 | 66.19 SLC | +5.3% |
| 1990 | 69.56 SLC | +5.1% |
| 1991 | 71.8 SLC | +3.2% |
| 1992 | 72.91 SLC | +1.5% |
| 1993 | 73.67 SLC | +1.0% |
| 1994 | 74.01 SLC | +0.5% |
| 1995 | 75.54 SLC | +2.1% |
| 1996 | 76.28 SLC | +1.0% |
| 1997 | 76.65 SLC | +0.5% |
| 1998 | 77.41 SLC | +1.0% |
| 1999 | 78.23 SLC | +1.1% |
| 2000 | 79.88 SLC | +2.1% |
| 2001 | 82.59 SLC | +3.4% |
| 2002 | 85.16 SLC | +3.1% |
| 2003 | 86.99 SLC | +2.2% |
| 2004 | 82.89 SLC | -4.7% |
| 2005 | 85.49 SLC | +3.1% |
| 2006 | 86.64 SLC | +1.3% |
| 2007 | 89.87 SLC | +3.7% |
| 2008 | 92.09 SLC | +2.5% |
| 2009 | 91.71 SLC | -0.4% |
| 2010 | 92.72 SLC | +1.1% |
| 2011 | 94.67 SLC | +2.1% |
| 2012 | 95.67 SLC | +1.1% |
| 2013 | 96.24 SLC | +0.6% |
| 2014 | 97.8 SLC | +1.6% |
| 2015 | 100 SLC | +2.2% |
| 2016 | 99.99 SLC | -0.0% |
| 2017 | 102.1 SLC | +2.1% |
| 2018 | 103.04 SLC | +0.9% |
| 2019 | 104.65 SLC | +1.6% |
| 2020 | 106.81 SLC | +2.1% |
| 2021 | 106.29 SLC | -0.5% |
| 2022 | 88.85 SLC | -16.4% |
| 2023 | 84.11 SLC | -5.3% |
| 2024 | 86.3 SLC | +2.6% |
Greenland compared with similar countries
- Greenland's 86.3 SLC is below the median for high income countries, which is 126.84 SLC, 68% of the median. (68 countries reporting)
- Greenland's 86.3 SLC is below the median for Europe & Central Asia, which is 134.82 SLC, 64% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.72 SLC | 12.01 SLC | 29.16 SLC | 10 |
| 1980s | 50.78 SLC | 32.53 SLC | 66.19 SLC | 10 |
| 1990s | 74.6 SLC | 69.56 SLC | 78.23 SLC | 10 |
| 2000s | 86.33 SLC | 79.88 SLC | 92.09 SLC | 10 |
| 2010s | 98.69 SLC | 92.72 SLC | 104.65 SLC | 10 |
| 2020s | 94.47 SLC | 84.11 SLC | 106.81 SLC | 5 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross fixed capital formation deflator — value standard local in Greenland?
- Gross fixed capital formation deflator — value standard local in Greenland was 86.3 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value standard local recorded in Greenland?
- The highest recorded value was 106.81 SLC in 2020.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Greenland?
- The lowest recorded value was 12.01 SLC in 1970.
- How does Greenland rank for gross fixed capital formation deflator — value standard local?
- Greenland ranks 205th out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Greenland?
- Over the last ten years it is down 11.8%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).