What is gross fixed capital formation in Greenland?

Gross fixed capital formation in Greenland was 6.54 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.

What is the highest gross fixed capital formation recorded in Greenland?

The highest recorded value was 9.15 billion constant LCU in 2011.

What is the lowest gross fixed capital formation recorded in Greenland?

The lowest recorded value was 1.99 billion constant LCU in 2004.

How does Greenland rank for gross fixed capital formation?

Greenland ranks 141st out of 167 countries with data for 2023.

Is gross fixed capital formation rising or falling in Greenland?

Over the last ten years it is up 49.4%. The long-run trend across the full record is rising.

Where does this Greenland data come from?

The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.

Gross fixed capital formation in Greenland

Name: Gross fixed capital formation in Greenland
Creator: Country official statistics, National Statistical Organizations and/or Central Banks
License: CC BY 4.0 (World Bank Open Data)

Greenland: Gross fixed capital formation was 6.54 billion constant LCU in 2023. ▲ Rising

Latest (2023)

6.54 billion constant LCU

Change on year

down 3.8%

World rank

141st

of 167 countries

All-time high

9.15 billion constant LCU

in 2011

All-time low

1.99 billion constant LCU

in 2004

Years of data

2003–2023

Gross fixed capital formation in Greenland, 2003–2023

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.

Analysis

The most recent figure for gross fixed capital formation in Greenland is 6.54 billion constant LCU, measured in 2023.

Compared with earlier readings it is down 3.8% on the previous year and up 49.4% over ten years.

Over the whole period, gross fixed capital formation in Greenland peaked at 9.15 billion constant LCU in 2011 and was at its lowest, 1.99 billion constant LCU, in 2004.

That places Greenland 141st out of 167 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 21 years of available data.

Averages by decade

Decade	Average	Lowest	Highest	Years
2000s	3.35 billion constant LCU	1.99 billion constant LCU	5.21 billion constant LCU	7
2010s	5.12 billion constant LCU	3.54 billion constant LCU	9.15 billion constant LCU	10
2020s	6.55 billion constant LCU	6.03 billion constant LCU	6.83 billion constant LCU	4

Countries ranked near Greenland

138 Latvia 7.72 billion constant LCU compare
139 Estonia 7.57 billion constant LCU compare
140 Zimbabwe 6.61 billion constant LCU compare
142 Azerbaijan 6.44 billion constant LCU compare
143 Cyprus 6.00 billion constant LCU compare
144 Seychelles 5.32 billion constant LCU compare

See the full ranking of 167 places →

More economy & growth data for Greenland

Services, value added 2.2% (2023)
Industry (including construction), value added -1.3% (2023)
Industry (including construction), value added 3.80 billion constant LCU (2023)
Industry (including construction), value added 18.4% (2023)
Services, value added 2.03 billion current US$ (2023)
Services, value added 13.98 billion current LCU (2023)
Services, value added 1.75 billion constant 2015 US$ (2023)
Discrepancy in expenditure estimate of GDP 0 current LCU (2023)
GDP deflator 140.95 base year varies by country (2023)
Inflation, GDP deflator 1.9% (2023)

All data for Greenland →

Frequently asked questions

What is gross fixed capital formation in Greenland?: Gross fixed capital formation in Greenland was 6.54 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross fixed capital formation recorded in Greenland?: The highest recorded value was 9.15 billion constant LCU in 2011.
What is the lowest gross fixed capital formation recorded in Greenland?: The lowest recorded value was 1.99 billion constant LCU in 2004.
How does Greenland rank for gross fixed capital formation?: Greenland ranks 141st out of 167 countries with data for 2023.
Is gross fixed capital formation rising or falling in Greenland?: Over the last ten years it is up 49.4%. The long-run trend across the full record is rising.
Where does this Greenland data come from?: The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator: Gross fixed capital formation (constant LCU)
Unit: constant LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 167 places, 6,948 data points, 1960–2025
Last refreshed: 06 August 2026

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.