Gross Fixed Capital Formation — Value Standard Local Currency in Greenland
Greenland: Gross Fixed Capital Formation — Value Standard Local Currency was 7,114 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Greenland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Greenland stood at 7,114 million SLC.
The figure is up 5.2% on the previous year and up 90.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Greenland peaked at 9,344 million SLC in 2011 and was at its lowest, 264.52 million SLC, in 1970.
Greenland ranks 176th of 230 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Greenland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 264.52 million SLC | — |
| 1971 | 383.3 million SLC | +44.9% |
| 1972 | 381.91 million SLC | -0.4% |
| 1973 | 483.86 million SLC | +26.7% |
| 1974 | 409.13 million SLC | -15.4% |
| 1975 | 547.91 million SLC | +33.9% |
| 1976 | 572.39 million SLC | +4.5% |
| 1977 | 738.95 million SLC | +29.1% |
| 1978 | 712.62 million SLC | -3.6% |
| 1979 | 874.8 million SLC | +22.8% |
| 1980 | 793.15 million SLC | -9.3% |
| 1981 | 908.78 million SLC | +14.6% |
| 1982 | 1,027 million SLC | +13.1% |
| 1983 | 874.26 million SLC | -14.9% |
| 1984 | 994.85 million SLC | +13.8% |
| 1985 | 992.96 million SLC | -0.2% |
| 1986 | 982.68 million SLC | -1.0% |
| 1987 | 1,219 million SLC | +24.0% |
| 1988 | 1,377 million SLC | +13.0% |
| 1989 | 1,397 million SLC | +1.4% |
| 1990 | 1,308 million SLC | -6.4% |
| 1991 | 1,423 million SLC | +8.8% |
| 1992 | 1,239 million SLC | -12.9% |
| 1993 | 1,111 million SLC | -10.4% |
| 1994 | 1,119 million SLC | +0.7% |
| 1995 | 1,210 million SLC | +8.1% |
| 1996 | 1,438 million SLC | +18.9% |
| 1997 | 1,682 million SLC | +17.0% |
| 1998 | 2,180 million SLC | +29.6% |
| 1999 | 2,036 million SLC | -6.6% |
| 2000 | 2,358 million SLC | +15.8% |
| 2001 | 2,265 million SLC | -3.9% |
| 2002 | 2,002 million SLC | -11.6% |
| 2003 | 1,988 million SLC | -0.7% |
| 2004 | 1,782 million SLC | -10.4% |
| 2005 | 2,658 million SLC | +49.2% |
| 2006 | 2,792 million SLC | +5.0% |
| 2007 | 3,840 million SLC | +37.6% |
| 2008 | 5,171 million SLC | +34.7% |
| 2009 | 4,287 million SLC | -17.1% |
| 2010 | 7,346 million SLC | +71.3% |
| 2011 | 9,344 million SLC | +27.2% |
| 2012 | 5,798 million SLC | -38.0% |
| 2013 | 4,540 million SLC | -21.7% |
| 2014 | 3,732 million SLC | -17.8% |
| 2015 | 4,039 million SLC | +8.2% |
| 2016 | 4,605 million SLC | +14.0% |
| 2017 | 4,356 million SLC | -5.4% |
| 2018 | 4,130 million SLC | -5.2% |
| 2019 | 6,154 million SLC | +49.0% |
| 2020 | 6,380 million SLC | +3.7% |
| 2021 | 6,770 million SLC | +6.1% |
| 2022 | 6,605 million SLC | -2.4% |
| 2023 | 6,760 million SLC | +2.4% |
| 2024 | 7,114 million SLC | +5.2% |
Greenland compared with similar countries
- Greenland's 7,114 million SLC is below the median for high income countries, which is 36,467 million SLC, 20% of the median. (73 countries reporting)
- Greenland's 7,114 million SLC is below the median for Europe & Central Asia, which is 116,713 million SLC, 6% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 536.94 million SLC | 264.52 million SLC | 874.8 million SLC | 10 |
| 1980s | 1,057 million SLC | 793.15 million SLC | 1,397 million SLC | 10 |
| 1990s | 1,475 million SLC | 1,111 million SLC | 2,180 million SLC | 10 |
| 2000s | 2,914 million SLC | 1,782 million SLC | 5,171 million SLC | 10 |
| 2010s | 5,404 million SLC | 3,732 million SLC | 9,344 million SLC | 10 |
| 2020s | 6,726 million SLC | 6,380 million SLC | 7,114 million SLC | 5 |
Countries ranked near Greenland
- 173 Latvia 9,325 million SLC compare
- 174 Papua New Guinea 8,785 million SLC compare
- 175 El Salvador 7,907 million SLC compare
- 177 Yemen Ar Rp 6,959 million SLC compare
- 178 Cyprus 6,864 million SLC compare
- 179 Jordan 5,938 million SLC compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ 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 unit of GDP 0.6895 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 LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Greenland?
- Gross fixed capital formation — value standard local currency in Greenland was 7,114 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Greenland?
- The highest recorded value was 9,344 million SLC in 2011.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Greenland?
- The lowest recorded value was 264.52 million SLC in 1970.
- How does Greenland rank for gross fixed capital formation — value standard local currency?
- Greenland ranks 176th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Greenland?
- Over the last ten years it is up 90.6%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).