Greenland - Gross capital formation
Gross capital formation (current US$)
The latest value for Gross capital formation (current US$) in Greenland was $937,505,600 as of 2019. Over the past 16 years, the value for this indicator has fluctuated between $1,718,293,000 in 2011 and $297,374,400 in 2004.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2003 | $301,713,800 |
| 2004 | $297,374,400 |
| 2005 | $446,880,900 |
| 2006 | $465,813,500 |
| 2007 | $686,151,000 |
| 2008 | $1,007,101,000 |
| 2009 | $814,956,400 |
| 2010 | $1,310,485,000 |
| 2011 | $1,718,293,000 |
| 2012 | $983,116,100 |
| 2013 | $808,040,900 |
| 2014 | $642,245,000 |
| 2015 | $600,529,200 |
| 2016 | $663,160,900 |
| 2017 | $673,416,300 |
| 2018 | $660,421,900 |
| 2019 | $937,505,600 |
Gross capital formation (current LCU)
The value for Gross capital formation (current LCU) in Greenland was 6,252,600,000 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 9,225,000,000 in 2011 and a minimum value of 1,781,600,000 in 2004.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2003 | 1,987,600,000 |
| 2004 | 1,781,600,000 |
| 2005 | 2,679,900,000 |
| 2006 | 2,770,100,000 |
| 2007 | 3,735,200,000 |
| 2008 | 5,134,300,000 |
| 2009 | 4,368,900,000 |
| 2010 | 7,370,300,000 |
| 2011 | 9,225,000,000 |
| 2012 | 5,694,700,000 |
| 2013 | 4,538,200,000 |
| 2014 | 3,604,600,000 |
| 2015 | 4,040,300,000 |
| 2016 | 4,464,200,000 |
| 2017 | 4,446,500,000 |
| 2018 | 4,170,300,000 |
| 2019 | 6,252,600,000 |
Gross capital formation (constant 2010 US$)
The latest value for Gross capital formation (constant 2010 US$) in Greenland was 908,051,600 as of 2019. Over the past 16 years, the value for this indicator has fluctuated between 1,442,467,000 in 2011 and 318,949,600 in 2004.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2003 | 339,035,000 |
| 2004 | 318,949,600 |
| 2005 | 463,756,400 |
| 2006 | 473,247,000 |
| 2007 | 615,509,200 |
| 2008 | 828,558,300 |
| 2009 | 708,446,100 |
| 2010 | 1,179,565,000 |
| 2011 | 1,442,467,000 |
| 2012 | 880,476,300 |
| 2013 | 697,883,300 |
| 2014 | 544,866,200 |
| 2015 | 600,529,200 |
| 2016 | 665,890,700 |
| 2017 | 638,379,300 |
| 2018 | 619,542,300 |
| 2019 | 908,051,600 |
Gross capital formation (annual % growth)
The value for Gross capital formation (annual % growth) in Greenland was 46.57 as of 2019. As the graph below shows, over the past 15 years this indicator reached a maximum value of 66.50 in 2010 and a minimum value of -38.96 in 2012.
Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2004 | -5.92 |
| 2005 | 45.40 |
| 2006 | 2.05 |
| 2007 | 30.06 |
| 2008 | 34.61 |
| 2009 | -14.50 |
| 2010 | 66.50 |
| 2011 | 22.29 |
| 2012 | -38.96 |
| 2013 | -20.74 |
| 2014 | -21.93 |
| 2015 | 10.22 |
| 2016 | 10.88 |
| 2017 | -4.13 |
| 2018 | -2.95 |
| 2019 | 46.57 |
Gross capital formation (constant LCU)
The value for Gross capital formation (constant LCU) in Greenland was 5,673,800,000 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 9,013,000,000 in 2011 and a minimum value of 1,992,900,000 in 2004.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2003 | 2,118,400,000 |
| 2004 | 1,992,900,000 |
| 2005 | 2,897,700,000 |
| 2006 | 2,957,000,000 |
| 2007 | 3,845,900,000 |
| 2008 | 5,177,100,000 |
| 2009 | 4,426,600,000 |
| 2010 | 7,370,300,000 |
| 2011 | 9,013,000,000 |
| 2012 | 5,501,500,000 |
| 2013 | 4,360,600,000 |
| 2014 | 3,404,500,000 |
| 2015 | 3,752,300,000 |
| 2016 | 4,160,700,000 |
| 2017 | 3,988,800,000 |
| 2018 | 3,871,100,000 |
| 2019 | 5,673,800,000 |
Gross capital formation (% of GDP)
Gross capital formation (% of GDP) in Greenland was 31.44 as of 2019. Its highest value over the past 16 years was 64.01 in 2011, while its lowest value was 16.32 in 2004.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2003 | 19.36 |
| 2004 | 16.32 |
| 2005 | 24.16 |
| 2006 | 23.14 |
| 2007 | 30.50 |
| 2008 | 40.30 |
| 2009 | 32.21 |
| 2010 | 52.35 |
| 2011 | 64.01 |
| 2012 | 37.67 |
| 2013 | 30.10 |
| 2014 | 22.60 |
| 2015 | 24.03 |
| 2016 | 24.50 |
| 2017 | 23.62 |
| 2018 | 21.72 |
| 2019 | 31.44 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
