Greenland—Gross Capital Formation (% of GDP)
Greenland's gross capital formation (% of GDP) was 36.0% in 2023, ranking #9 out of 176 countries. This represents a -4.9% change from 2022. Over the past 21 years, the highest recorded value was 64.0% (2011) and the lowest was 16.3% (2004). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 36.0% | -4.9% |
| 2022 | 37.8% | +2.0% |
| 2021 | 37.1% | +12.4% |
| 2020 | 33.0% | +5.6% |
| 2019 | 31.3% | +43.8% |
| 2018 | 21.7% | -7.9% |
| 2017 | 23.6% | -3.6% |
| 2016 | 24.5% | +1.9% |
| 2015 | 24.0% | +6.3% |
| 2014 | 22.6% | -24.9% |
| 2013 | 30.1% | -20.1% |
| 2012 | 37.7% | -41.1% |
| 2011 | 64.0% | +22.3% |
| 2010 | 52.4% | +62.5% |
| 2009 | 32.2% | -20.1% |
| 2008 | 40.3% | +32.1% |
| 2007 | 30.5% | +31.8% |
| 2006 | 23.1% | -4.2% |
| 2005 | 24.2% | +48.1% |
| 2004 | 16.3% | -15.7% |
| 2003 | 19.4% |
Top Countries — Gross Capital Formation (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Algeria | 45.3% | 2025 |
| 2 | Mauritania | 44.3% | 2025 |
| 3 | Bhutan | 42.6% | 2024 |
| 4 | Iran, Islamic Rep. | 41.8% | 2025 |
| 5 | Tanzania | 40.7% | 2025 |
| 6 | China | 40.5% | 2024 |
| 7 | Gambia, The | 40.4% | 2025 |
| 8 | Guinea | 37.0% | 2025 |
| 9 | Greenland | 36.0% | 2023 |
| 10 | Benin | 35.8% | 2025 |
About This Indicator
Definition
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).