Gross Fixed Capital Formation — Value US$ in Greenland
Greenland: Gross Fixed Capital Formation — Value US$ was 1,000 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Greenland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Greenland stood at 1,000 million USD.
That represents a change of up 1.9% on the previous year and up 50.4% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Greenland peaked at 1,740 million USD in 2011 and was at its lowest, 35.27 million USD, in 1970.
Greenland ranks 185th of 235 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 US$ in Greenland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 35.27 million USD | — |
| 1971 | 51.67 million USD | +46.5% |
| 1972 | 54.96 million USD | +6.4% |
| 1973 | 79.98 million USD | +45.5% |
| 1974 | 67.13 million USD | -16.1% |
| 1975 | 95.35 million USD | +42.0% |
| 1976 | 94.69 million USD | -0.7% |
| 1977 | 123.09 million USD | +30.0% |
| 1978 | 129.22 million USD | +5.0% |
| 1979 | 166.28 million USD | +28.7% |
| 1980 | 140.73 million USD | -15.4% |
| 1981 | 127.58 million USD | -9.3% |
| 1982 | 123.31 million USD | -3.3% |
| 1983 | 95.6 million USD | -22.5% |
| 1984 | 96.06 million USD | +0.5% |
| 1985 | 93.71 million USD | -2.4% |
| 1986 | 121.45 million USD | +29.6% |
| 1987 | 178.14 million USD | +46.7% |
| 1988 | 204.6 million USD | +14.9% |
| 1989 | 191.07 million USD | -6.6% |
| 1990 | 211.31 million USD | +10.6% |
| 1991 | 222.5 million USD | +5.3% |
| 1992 | 205.33 million USD | -7.7% |
| 1993 | 171.35 million USD | -16.6% |
| 1994 | 175.93 million USD | +2.7% |
| 1995 | 215.89 million USD | +22.7% |
| 1996 | 247.98 million USD | +14.9% |
| 1997 | 254.73 million USD | +2.7% |
| 1998 | 325.35 million USD | +27.7% |
| 1999 | 291.79 million USD | -10.3% |
| 2000 | 291.69 million USD | -0.0% |
| 2001 | 272.2 million USD | -6.7% |
| 2002 | 253.59 million USD | -6.8% |
| 2003 | 301.71 million USD | +19.0% |
| 2004 | 297.38 million USD | -1.4% |
| 2005 | 443.19 million USD | +49.0% |
| 2006 | 469.48 million USD | +5.9% |
| 2007 | 705.46 million USD | +50.3% |
| 2008 | 1,014 million USD | +43.8% |
| 2009 | 799.73 million USD | -21.2% |
| 2010 | 1,306 million USD | +63.3% |
| 2011 | 1,740 million USD | +33.3% |
| 2012 | 1,001 million USD | -42.5% |
| 2013 | 808.32 million USD | -19.2% |
| 2014 | 664.88 million USD | -17.7% |
| 2015 | 600.39 million USD | -9.7% |
| 2016 | 684.1 million USD | +13.9% |
| 2017 | 659.68 million USD | -3.6% |
| 2018 | 654.01 million USD | -0.9% |
| 2019 | 922.65 million USD | +41.1% |
| 2020 | 975.18 million USD | +5.7% |
| 2021 | 1,077 million USD | +10.4% |
| 2022 | 933.38 million USD | -13.3% |
| 2023 | 981.25 million USD | +5.1% |
| 2024 | 1,000 million USD | +1.9% |
Greenland compared with similar countries
- Greenland's 1,000 million USD is below the median for high income countries, which is 20,129 million USD, 5% of the median. (73 countries reporting)
- Greenland's 1,000 million USD is below the median for Europe & Central Asia, which is 26,071 million USD, 4% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 89.77 million USD | 35.27 million USD | 166.28 million USD | 10 |
| 1980s | 137.22 million USD | 93.71 million USD | 204.6 million USD | 10 |
| 1990s | 232.22 million USD | 171.35 million USD | 325.35 million USD | 10 |
| 2000s | 484.88 million USD | 253.59 million USD | 1,014 million USD | 10 |
| 2010s | 904.16 million USD | 600.39 million USD | 1,740 million USD | 10 |
| 2020s | 993.4 million USD | 933.38 million USD | 1,077 million USD | 5 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 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 US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Greenland?
- Gross fixed capital formation — value us$ in Greenland was 1,000 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Greenland?
- The highest recorded value was 1,740 million USD in 2011.
- What is the lowest gross fixed capital formation — value us$ recorded in Greenland?
- The lowest recorded value was 35.27 million USD in 1970.
- How does Greenland rank for gross fixed capital formation — value us$?
- Greenland ranks 185th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Greenland?
- Over the last ten years it is up 50.4%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).