Gross Fixed Capital Formation — Value Standard Local Currency, per in Greenland
Greenland: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0 million SLC per US$ of GDP in 2023. ▼ Falling
Gross Fixed Capital Formation — Value Standard Local Currency, per in Greenland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
In 2023, gross fixed capital formation — value standard local currency, per in Greenland stood at 0 million SLC per US$ of GDP.
Compared with earlier readings it is down 3.0% on the previous year and up 20.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Greenland peaked at 0 million SLC per US$ of GDP in 1971 and was at its lowest, 0 million SLC per US$ of GDP, in 2004.
That places Greenland 101st out of 193 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, per in Greenland, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1970 | 0 million SLC per US$ of GDP | — |
| 1971 | 0 million SLC per US$ of GDP | +13.9% |
| 1972 | 0 million SLC per US$ of GDP | -16.9% |
| 1973 | 0 million SLC per US$ of GDP | -4.1% |
| 1974 | 0 million SLC per US$ of GDP | -30.3% |
| 1975 | 0 million SLC per US$ of GDP | +7.7% |
| 1976 | 0 million SLC per US$ of GDP | -8.4% |
| 1977 | 0 million SLC per US$ of GDP | +10.1% |
| 1978 | 0 million SLC per US$ of GDP | -23.5% |
| 1979 | 0 million SLC per US$ of GDP | +3.9% |
| 1980 | 0 million SLC per US$ of GDP | -19.9% |
| 1981 | 0 million SLC per US$ of GDP | +25.2% |
| 1982 | 0 million SLC per US$ of GDP | +22.4% |
| 1983 | 0 million SLC per US$ of GDP | -17.7% |
| 1984 | 0 million SLC per US$ of GDP | +24.8% |
| 1985 | 0 million SLC per US$ of GDP | -8.3% |
| 1986 | 0 million SLC per US$ of GDP | -32.2% |
| 1987 | 0 million SLC per US$ of GDP | -5.0% |
| 1988 | 0 million SLC per US$ of GDP | -1.0% |
| 1989 | 0 million SLC per US$ of GDP | -2.0% |
| 1990 | 0 million SLC per US$ of GDP | -14.6% |
| 1991 | 0 million SLC per US$ of GDP | +9.1% |
| 1992 | 0 million SLC per US$ of GDP | -14.7% |
| 1993 | 0 million SLC per US$ of GDP | +0.3% |
| 1994 | 0 million SLC per US$ of GDP | -7.2% |
| 1995 | 0 million SLC per US$ of GDP | -10.1% |
| 1996 | 0 million SLC per US$ of GDP | +20.0% |
| 1997 | 0 million SLC per US$ of GDP | +30.7% |
| 1998 | 0 million SLC per US$ of GDP | +20.8% |
| 1999 | 0 million SLC per US$ of GDP | -5.1% |
| 2000 | 0 million SLC per US$ of GDP | +22.7% |
| 2001 | 0 million SLC per US$ of GDP | -5.5% |
| 2002 | 0 million SLC per US$ of GDP | -17.9% |
| 2003 | 0 million SLC per US$ of GDP | -25.5% |
| 2004 | 0 million SLC per US$ of GDP | -23.3% |
| 2005 | 0 million SLC per US$ of GDP | +47.0% |
| 2006 | 0 million SLC per US$ of GDP | -3.5% |
| 2007 | 0 million SLC per US$ of GDP | +23.1% |
| 2008 | 0 million SLC per US$ of GDP | +21.2% |
| 2009 | 0 million SLC per US$ of GDP | -18.1% |
| 2010 | 0 million SLC per US$ of GDP | +73.2% |
| 2011 | 0 million SLC per US$ of GDP | +18.6% |
| 2012 | 0 million SLC per US$ of GDP | -36.2% |
| 2013 | 0 million SLC per US$ of GDP | -23.9% |
| 2014 | 0 million SLC per US$ of GDP | -22.3% |
| 2015 | 0 million SLC per US$ of GDP | +23.1% |
| 2016 | 0 million SLC per US$ of GDP | +5.2% |
| 2017 | 0 million SLC per US$ of GDP | -10.2% |
| 2018 | 0 million SLC per US$ of GDP | -11.5% |
| 2019 | 0 million SLC per US$ of GDP | +51.9% |
| 2020 | 0 million SLC per US$ of GDP | +0.6% |
| 2021 | 0 million SLC per US$ of GDP | -0.4% |
| 2022 | 0 million SLC per US$ of GDP | +1.9% |
| 2023 | 0 million SLC per US$ of GDP | -3.0% |
Greenland compared with similar countries
- Greenland's 0 million SLC per US$ of GDP is above the median for high income countries, which is 0 million SLC per US$ of GDP, 6.8× the median. (72 countries reporting)
- Greenland's 0 million SLC per US$ of GDP is above the median for Europe & Central Asia, which is 0 million SLC per US$ of GDP, 7.2× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1980s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 1990s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2000s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2010s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2020s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 4 |
Countries ranked near Greenland
- 98 Morocco 0 million SLC per US$ of GDP compare
- 99 Norway 0 million SLC per US$ of GDP compare
- 100 Solomon Islands 0 million SLC per US$ of GDP compare
- 102 Eritrea 0 million SLC per US$ of GDP compare
- 103 Seychelles 0 million SLC per US$ of GDP compare
- 104 Denmark 0 million SLC per US$ of GDP 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, per in Greenland?
- Gross fixed capital formation — value standard local currency, per in Greenland was 0 million SLC per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Greenland?
- The highest recorded value was 0 million SLC per US$ of GDP in 1971.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Greenland?
- The lowest recorded value was 0 million SLC per US$ of GDP in 2004.
- How does Greenland rank for gross fixed capital formation — value standard local currency, per?
- Greenland ranks 101st out of 193 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Greenland?
- Over the last ten years it is up 20.2%. The long-run trend across the full record is falling.
- 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, 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 — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.