Greenland - Gross fixed capital formation (% of GDP)
Gross fixed 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 fixed capital formation (formerly gross domestic fixed investment) includes 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. 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 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
