Greenland - 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 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
