Gross Fixed Capital Formation — Value Standard Local Currency, annual in Greenland
Greenland: Gross Fixed Capital Formation — Value Standard Local Currency, annual was 5.23 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Greenland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 5.23 % change on previous year for gross fixed capital formation — value standard local currency, annual in 2024.
That represents a change of up 121.7% on the previous year and up 129.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, annual 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 134th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, annual in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 44.9 % change on previous year | — |
| 1972 | -0.3608 % change on previous year | -100.8% |
| 1973 | 26.69 % change on previous year | -7498.3% |
| 1974 | -15.44 % change on previous year | -157.9% |
| 1975 | 33.92 % change on previous year | -319.6% |
| 1976 | 4.47 % change on previous year | -86.8% |
| 1977 | 29.1 % change on previous year | +551.1% |
| 1978 | -3.56 % change on previous year | -112.2% |
| 1979 | 22.76 % change on previous year | -738.7% |
| 1980 | -9.33 % change on previous year | -141.0% |
| 1981 | 14.58 % change on previous year | -256.2% |
| 1982 | 13.06 % change on previous year | -10.4% |
| 1983 | -14.91 % change on previous year | -214.2% |
| 1984 | 13.79 % change on previous year | -192.5% |
| 1985 | -0.1907 % change on previous year | -101.4% |
| 1986 | -1.03 % change on previous year | +442.7% |
| 1987 | 24 % change on previous year | -2419.3% |
| 1988 | 13.03 % change on previous year | -45.7% |
| 1989 | 1.41 % change on previous year | -89.1% |
| 1990 | -6.37 % change on previous year | -550.7% |
| 1991 | 8.84 % change on previous year | -238.6% |
| 1992 | -12.91 % change on previous year | -246.2% |
| 1993 | -10.36 % change on previous year | -19.8% |
| 1994 | 0.7201 % change on previous year | -107.0% |
| 1995 | 8.09 % change on previous year | +1023.0% |
| 1996 | 18.89 % change on previous year | +133.6% |
| 1997 | 17 % change on previous year | -10.0% |
| 1998 | 29.59 % change on previous year | +74.1% |
| 1999 | -6.63 % change on previous year | -122.4% |
| 2000 | 15.83 % change on previous year | -338.8% |
| 2001 | -3.91 % change on previous year | -124.7% |
| 2002 | -11.63 % change on previous year | +197.1% |
| 2003 | -0.7208 % change on previous year | -93.8% |
| 2004 | -10.36 % change on previous year | +1338.0% |
| 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 | +644.2% |
| 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 | +69.9% |
| 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 | 3.68 % change on previous year | -92.5% |
| 2021 | 6.12 % change on previous year | +66.6% |
| 2022 | -2.45 % change on previous year | -140.0% |
| 2023 | 2.36 % change on previous year | -196.4% |
| 2024 | 5.23 % change on previous year | +121.7% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, annual 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 |
|---|---|---|---|
| 1973 | +7498.3% | -0.3608 % change on previous year | 26.69 % change on previous year |
| 1987 | +2419.3% | -1.03 % change on previous year | 24 % change on previous year |
| 2004 | -1338.0% | -0.7208 % change on previous year | -10.36 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.83 % change on previous year | -15.44 % change on previous year | 44.9 % change on previous year | 9 |
| 1980s | 5.44 % change on previous year | -14.91 % change on previous year | 24 % change on previous year | 10 |
| 1990s | 4.68 % change on previous year | -12.91 % change on previous year | 29.59 % change on previous year | 10 |
| 2000s | 9.85 % change on previous year | -17.1 % change on previous year | 49.18 % change on previous year | 10 |
| 2010s | 8.17 % change on previous year | -37.95 % change on previous year | 71.34 % change on previous year | 10 |
| 2020s | 2.99 % change on previous year | -2.45 % change on previous year | 6.12 % change on previous year | 5 |
Countries ranked near Greenland
- 131 Panama 5.27 % change on previous year compare
- 132 United Republic of Tanzania 5.25 % change on previous year compare
- 133 Nepal 5.24 % change on previous year compare
- 135 Bosnia and Herzegovina 5.21 % change on previous year compare
- 136 Guyana 5.13 % change on previous year compare
- 137 Eswatini 5.13 % 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 — value standard local currency, annual in Greenland?
- Gross fixed capital formation — value standard local currency, annual in Greenland was 5.23 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, annual recorded in Greenland?
- The highest recorded value was 71.34 % change on previous year in 2010.
- What is the lowest gross fixed capital formation — value standard local currency, annual 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 — value standard local currency, annual?
- Greenland ranks 134th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, annual rising or falling in Greenland?
- Over the last ten years it is up 129.4%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.