Annual GDP growth in Greenland
Greenland: Annual GDP growth was 0.9% in 2023. ◆ Volatile
Latest (2023)
0.9%
Change on year
down 56.8%
World rank
164th
of 196 countries
All-time high
7.1%
in 2000
All-time low
-2.5%
in 2015
Years of data
24
2000–2023
Annual GDP growth in Greenland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, annual gdp growth in Greenland stood at 0.9%.
That represents a change of down 56.8% on the previous year and up 166.7% over ten years.
Over the whole period, annual gdp growth in Greenland peaked at 7.1% in 2000 and was at its lowest, -2.5%, in 2015.
Greenland ranks 164th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Greenland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.1% | — |
| 2001 | 1.3% | -82.1% |
| 2002 | -1.0% | -176.5% |
| 2003 | 4.4% | -556.2% |
| 2004 | 6.9% | +55.9% |
| 2005 | 5.0% | -27.8% |
| 2006 | 5.6% | +11.4% |
| 2007 | 2.4% | -57.7% |
| 2008 | 6.2% | +162.1% |
| 2009 | 0.9% | -86.0% |
| 2010 | 1.7% | +100.5% |
| 2011 | -0.5% | -128.6% |
| 2012 | 1.4% | -380.8% |
| 2013 | -1.3% | -193.1% |
| 2014 | 4.7% | -465.3% |
| 2015 | -2.5% | -153.3% |
| 2016 | 4.7% | -285.1% |
| 2017 | 0.1% | -98.9% |
| 2018 | 0.6% | +1081.7% |
| 2019 | 2.8% | +354.6% |
| 2020 | 0.3% | -91.1% |
| 2021 | 1.6% | +551.6% |
| 2022 | 2.0% | +22.7% |
| 2023 | 0.9% | -56.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | -1.0% | 7.1% | 10 |
| 2010s | 1.2% | -2.5% | 4.7% | 10 |
| 2020s | 1.2% | 0.3% | 2.0% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
Frequently asked questions
- What is annual gdp growth in Greenland?
- Annual gdp growth in Greenland was 0.9% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Greenland?
- The highest recorded value was 7.1% in 2000.
- What is the lowest annual gdp growth recorded in Greenland?
- The lowest recorded value was -2.5% in 2015.
- How does Greenland rank for annual gdp growth?
- Greenland ranks 164th out of 196 countries with data for 2023.
- Is annual gdp growth rising or falling in Greenland?
- Over the last ten years it is up 166.7%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).