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 155th of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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
- 152 Latvia 9,325 million SLC compare
- 153 Papua New Guinea 8,785 million SLC compare
- 154 El Salvador 7,907 million SLC compare
- 156 Yemen Ar Rp 6,959 million SLC compare
- 157 Cyprus 6,864 million SLC compare
- 158 Jordan 5,938 million SLC compare
More economy & growth data for Greenland
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
- Gdp worldbank constant usd, per unit of GDP 0.8535 units per US$ of GDP (2023)
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (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 155th out of 202 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).