Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Greenland
Greenland: Gross Fixed Capital Formation Deflator — Value US$, 2015 prices was 81.64 USD in 2024. ▲ Rising
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Greenland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gross fixed capital formation deflator — value us$, 2015 prices in Greenland stood at 81.64 USD.
The figure is down 0.6% on the previous year and down 30.4% over ten years.
Over the whole period, gross fixed capital formation deflator — value us$, 2015 prices in Greenland peaked at 121.53 USD in 2008 and was at its lowest, 10.78 USD, in 1970.
That places Greenland 186th out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Greenland, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 10.78 USD | — |
| 1971 | 12.15 USD | +12.7% |
| 1972 | 13.7 USD | +12.8% |
| 1973 | 16.95 USD | +23.7% |
| 1974 | 19.44 USD | +14.7% |
| 1975 | 24 USD | +23.5% |
| 1976 | 25.83 USD | +7.6% |
| 1977 | 27.82 USD | +7.7% |
| 1978 | 33.1 USD | +19.0% |
| 1979 | 37.3 USD | +12.7% |
| 1980 | 38.84 USD | +4.1% |
| 1981 | 35.32 USD | -9.1% |
| 1982 | 34.12 USD | -3.4% |
| 1983 | 34.11 USD | -0.0% |
| 1984 | 32.79 USD | -3.9% |
| 1985 | 34.43 USD | +5.0% |
| 1986 | 46.95 USD | +36.4% |
| 1987 | 58.1 USD | +23.7% |
| 1988 | 62.79 USD | +8.1% |
| 1989 | 60.91 USD | -3.0% |
| 1990 | 75.62 USD | +24.1% |
| 1991 | 75.52 USD | -0.1% |
| 1992 | 81.27 USD | +7.6% |
| 1993 | 76.44 USD | -5.9% |
| 1994 | 78.29 USD | +2.4% |
| 1995 | 90.71 USD | +15.9% |
| 1996 | 88.5 USD | -2.4% |
| 1997 | 78.09 USD | -11.8% |
| 1998 | 77.72 USD | -0.5% |
| 1999 | 75.44 USD | -2.9% |
| 2000 | 66.48 USD | -11.9% |
| 2001 | 66.77 USD | +0.4% |
| 2002 | 72.57 USD | +8.7% |
| 2003 | 88.85 USD | +22.4% |
| 2004 | 93.08 USD | +4.8% |
| 2005 | 95.92 USD | +3.0% |
| 2006 | 98.02 USD | +2.2% |
| 2007 | 111.07 USD | +13.3% |
| 2008 | 121.53 USD | +9.4% |
| 2009 | 115.1 USD | -5.3% |
| 2010 | 110.92 USD | -3.6% |
| 2011 | 118.64 USD | +7.0% |
| 2012 | 111.12 USD | -6.3% |
| 2013 | 115.29 USD | +3.8% |
| 2014 | 117.24 USD | +1.7% |
| 2015 | 100 USD | -14.7% |
| 2016 | 99.93 USD | -0.1% |
| 2017 | 104.03 USD | +4.1% |
| 2018 | 109.78 USD | +5.5% |
| 2019 | 105.56 USD | -3.8% |
| 2020 | 109.85 USD | +4.1% |
| 2021 | 113.74 USD | +3.5% |
| 2022 | 84.48 USD | -25.7% |
| 2023 | 82.14 USD | -2.8% |
| 2024 | 81.64 USD | -0.6% |
Greenland compared with similar countries
- Greenland's 81.64 USD is below the median for high income countries, which is 122.6 USD, 67% of the median. (68 countries reporting)
- Greenland's 81.64 USD is below the median for Europe & Central Asia, which is 125.25 USD, 65% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.11 USD | 10.78 USD | 37.3 USD | 10 |
| 1980s | 43.84 USD | 32.79 USD | 62.79 USD | 10 |
| 1990s | 79.76 USD | 75.44 USD | 90.71 USD | 10 |
| 2000s | 92.94 USD | 66.48 USD | 121.53 USD | 10 |
| 2010s | 109.25 USD | 99.93 USD | 118.64 USD | 10 |
| 2020s | 94.37 USD | 81.64 USD | 113.74 USD | 5 |
Countries ranked near Greenland
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 deflator — value us$, 2015 prices in Greenland?
- Gross fixed capital formation deflator — value us$, 2015 prices in Greenland was 81.64 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value us$, 2015 prices recorded in Greenland?
- The highest recorded value was 121.53 USD in 2008.
- What is the lowest gross fixed capital formation deflator — value us$, 2015 prices recorded in Greenland?
- The lowest recorded value was 10.78 USD in 1970.
- How does Greenland rank for gross fixed capital formation deflator — value us$, 2015 prices?
- Greenland ranks 186th out of 203 countries with data for 2024.
- Is gross fixed capital formation deflator — value us$, 2015 prices rising or falling in Greenland?
- Over the last ten years it is down 30.4%. 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).