Adjusted savings: mineral depletion in Greenland
Greenland: Adjusted savings: mineral depletion was 0.5% in 2007. ◆ Volatile
Adjusted savings: mineral depletion in Greenland, 1970–2007
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2007, adjusted savings: mineral depletion in Greenland stood at 0.5%.
That represents a change of down 25.4% on the previous year and up 0.5% over ten years.
Over the whole period, adjusted savings: mineral depletion in Greenland peaked at 30.5% in 1974 and was at its lowest, 0.0%, in 1970.
Greenland ranks 51st of 208 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: mineral depletion in Greenland, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 6.2% | — |
| 1974 | 30.5% | +388.8% |
| 1975 | 6.5% | -78.7% |
| 1976 | 4.6% | -29.3% |
| 1977 | 1.5% | -66.9% |
| 1978 | 1.2% | -19.9% |
| 1979 | 2.9% | +139.4% |
| 1980 | 1.8% | -38.4% |
| 1981 | 0.9% | -50.3% |
| 1982 | 1.0% | +15.1% |
| 1983 | 0.5% | -56.0% |
| 1984 | 2.6% | +488.0% |
| 1985 | 1.4% | -48.6% |
| 1986 | 0.0% | -100.0% |
| 1987 | 0.1% | — |
| 1988 | 10.5% | +13642.9% |
| 1989 | 11.7% | +11.0% |
| 1990 | 3.6% | -69.5% |
| 1991 | 0.4% | -88.3% |
| 1992 | 0.8% | +84.3% |
| 1993 | 0.4% | -46.3% |
| 1994 | 0.4% | -6.4% |
| 1995 | 0.3% | -21.6% |
| 1996 | 0.2% | -35.4% |
| 1997 | 0.5% | +166.8% |
| 1998 | 0.0% | -100.0% |
| 1999 | 0.0% | — |
| 2000 | 0.0% | — |
| 2001 | 0.0% | — |
| 2002 | 0.0% | — |
| 2003 | 0.0% | — |
| 2004 | 0.2% | — |
| 2005 | 0.3% | +51.2% |
| 2006 | 0.7% | +162.3% |
| 2007 | 0.5% | -25.4% |
Greenland compared with similar countries
- Greenland's 0.5% is above the median for Europe & Central Asia, which is 0.0%, 56.7× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Adjusted savings: mineral depletion in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +13642.9% | 0.1% | 10.5% |
| 1984 | +488.0% | 0.5% | 2.6% |
| 1974 | +388.8% | 6.2% | 30.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 0.0% | 30.5% | 10 |
| 1980s | 3.0% | 0.0% | 11.7% | 10 |
| 1990s | 0.7% | 0.0% | 3.6% | 10 |
| 2000s | 0.2% | 0.0% | 0.7% | 8 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (current LCU), per 2.87 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU) 3.81 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
Frequently asked questions
- What is adjusted savings: mineral depletion in Greenland?
- Adjusted savings: mineral depletion in Greenland was 0.5% in 2007, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: mineral depletion recorded in Greenland?
- The highest recorded value was 30.5% in 1974.
- What is the lowest adjusted savings: mineral depletion recorded in Greenland?
- The lowest recorded value was 0.0% in 1970.
- How does Greenland rank for adjusted savings: mineral depletion?
- Greenland ranks 51st out of 208 countries with data for 2007.
- Is adjusted savings: mineral depletion rising or falling in Greenland?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: mineral depletion (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.