Gross capital formation in US dollars in Greenland in 2023 — 1,197,410,106 US$. Ranked 147 in the world out of 173. Since 2003, the indicator has risen by 296.9%.
2003–2023 · US$
How the value compares with the world and the groups this territory belongs to: Greenland
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2023 | 1.2B | +4.54M | +0.38% |
| 2022 | 1.19B | −29.35M | −2.4% |
| 2021 | 1.22B | +202M | +19.82% |
| 2020 | 1.02B | +82.8M | +8.83% |
| 2019 | 937M | +273M | +41.07% |
| 2018 | 664M | −9.05M | −1.34% |
| 2017 | 673M | +10.26M | +1.55% |
| 2016 | 663M | +62.63M | +10.43% |
| 2015 | 601M | −41.72M | −6.5% |
| 2014 | 642M | −166M | −20.52% |
| 2013 | 808M | −175M | −17.81% |
| 2012 | 983M | −735M | −42.78% |
| 2011 | 1.72B | +408M | +31.12% |
| 2010 | 1.31B | +496M | +60.8% |
| 2009 | 815M | −192M | −19.08% |
| 2008 | 1.01B | +321M | +46.77% |
| 2007 | 686M | +220M | +47.3% |
| 2006 | 466M | +18.94M | +4.24% |
| 2005 | 447M | +150M | +50.27% |
| 2004 | 297M | −4.34M | −1.44% |
| 2003 | 302M | — | — |
The same indicator for neighboring countries — with links to their pages
Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.
Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Economy Household consumptionHow much money the residents of a country spend in a year on goods and services for themselves.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.
