Greenland GL: GDP: Gross Capital Formation

Greenland GL: GDP: Gross Capital Formation data was reported at 4,573.500 DKK mn in 2016. This records an increase from the previous number of 4,288.100 DKK mn for 2015. Greenland GL: GDP: Gross Capital Formation data is updated yearly, averaging 4,328.500 DKK mn from Dec 2003 (Median) to 2016, with 14 observations. The data reached an all-time high of 9,225.000 DKK mn in 2011 and a record low of 1,781.600 DKK mn in 2004. Greenland GL: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greenland – Table GL.World Bank: Gross Domestic Product: Nominal. 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 current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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What was Greenland's Greenland GL: GDP: Gross Capital Formation in 2015?

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