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
189th
of 230 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. Measured in %.
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 189th of 230 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 | % | 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% |
Greenland compared with similar countries
- Greenland's 0.9% is below the median for high income countries, which is 2.1%, 41% of the median. (80 countries reporting)
- Greenland's 0.9% is below the median for Europe & Central Asia, which is 2.6%, 33% of the median. (55 countries reporting)
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
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (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$), annual growth rate 4.12 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (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 189th out of 230 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).