Greenland: Adjusted savings, consumption of fixed capital (current US$)

Key figures

What the numbers say

In 2020, Greenland's adjusted savings, consumption of fixed capital (current US$) rose 9.1% on 2019 (from US$349.56 million to US$381.37 million).

Across the 30 yearly changes before that (1990 to 2019), the average change was +4.9% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 46.5% in 1986 and the biggest yearly fall was 10.9% in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about US$7.12 million a year. A straight line explains 59% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Greenland in the 2020 ranking

• Cuba — 1st of 6: US$13.31 billion
• Kuwait — 2nd of 6: US$11.28 billion
• Liechtenstein — 3rd of 6: US$932.45 million
• Syrian Arab Republic — 5th of 6: US$379.99 million
• San Marino — 6th of 6: US$339.52 million

What this measures

Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 51 values

Adjusted savings, consumption of fixed capital (current US$) in nearby economies

• Albania — US$3.06 billion (2021)
• Andorra — US$348.2 million (2021)
• Armenia — US$1.74 billion (2021)
• Austria — US$94.51 billion (2021)
• Azerbaijan — US$4.64 billion (2021)
• Belarus — US$11.06 billion (2021)
• Belgium — US$115.77 billion (2021)
• Bosnia and Herzegovina — US$3.48 billion (2021)
• Bulgaria — US$11.87 billion (2021)

More economic policy & debt data for Greenland

• GDP (current US$) — US$3.33 billion (2023)
• GDP (current LCU) — 22.92 billion (2023)
• GDP (constant 2015 US$) — US$2.84 billion (2023)
• GDP (constant LCU) — 16.26 billion (2023)
• GDP per capita (current US$) — US$58,499 (2023)
• GDP per capita (current LCU) — 403,041 (2023)
• GDP per capita (constant 2015 US$) — US$49,930 (2023)
• GDP per capita (constant LCU) — 285,947 (2023)
• GDP (annual % growth) — 0.87% (2023)
• GDP per capita (annual % growth) — 0.5% (2023)
• Adjusted savings, carbon dioxide damage (current US$)

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Questions people ask

What is Greenland's adjusted savings, consumption of fixed capital (current US$)?

US$381.37 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 7,194% from US$5.23 million in 1970 (8.96% a year on average, compounded). The highest value was US$381.37 million in 2020 and the lowest US$5.23 million in 1970.

Is the latest change in adjusted savings, consumption of fixed capital (current US$) unusual for Greenland?

In 2020, Greenland's adjusted savings, consumption of fixed capital (current US$) rose 9.1% on 2019 (from US$349.56 million to US$381.37 million). Across the 30 yearly changes before that (1990 to 2019), the average change was +4.9% and a typical year strayed about 10.5% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.DKAP.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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