Gross fixed capital formation in Greenland
Greenland: Gross fixed capital formation was 34.7% in 2023. ▲ Rising
Gross fixed capital formation in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in Greenland is 34.7%, measured in 2023.
That represents a change of down 4.9% on the previous year and up 15.2% over ten years.
Over the whole period, gross fixed capital formation in Greenland peaked at 64.8% in 2011 and was at its lowest, 16.3%, in 2004.
Greenland ranks 11th of 181 countries on this measure, in the top 10%.
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 | % of GDP | Change |
|---|---|---|
| 2003 | 19.4% | — |
| 2004 | 16.3% | -15.7% |
| 2005 | 24.0% | +46.8% |
| 2006 | 23.3% | -2.7% |
| 2007 | 31.4% | +34.5% |
| 2008 | 40.6% | +29.4% |
| 2009 | 31.6% | -22.1% |
| 2010 | 52.2% | +65.1% |
| 2011 | 64.8% | +24.3% |
| 2012 | 38.4% | -40.8% |
| 2013 | 30.1% | -21.5% |
| 2014 | 23.4% | -22.3% |
| 2015 | 24.0% | +2.7% |
| 2016 | 25.3% | +5.2% |
| 2017 | 23.1% | -8.5% |
| 2018 | 21.4% | -7.5% |
| 2019 | 30.8% | +43.8% |
| 2020 | 33.1% | +7.5% |
| 2021 | 36.9% | +11.4% |
| 2022 | 36.5% | -1.0% |
| 2023 | 34.7% | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.6% | 16.3% | 40.6% | 7 |
| 2010s | 33.3% | 21.4% | 64.8% | 10 |
| 2020s | 35.3% | 33.1% | 36.9% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per capita 56,154 current US$ per person (2023)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.66 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.61 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 386,886 current LCU per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 49,674 constant 2015 US$ per person (2023)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 4.9 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9599 current US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8491 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross fixed capital formation in Greenland?
- Gross fixed capital formation in Greenland was 34.7% 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 64.8% in 2011.
- What is the lowest gross fixed capital formation recorded in Greenland?
- The lowest recorded value was 16.3% in 2004.
- How does Greenland rank for gross fixed capital formation?
- Greenland ranks 11th out of 181 countries with data for 2023.
- Is gross fixed capital formation 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.