Changes in inventories in Greenland
Greenland: Changes in inventories was 43.54 million current US$ in 2023. ◆ Volatile
Changes in inventories in Greenland, 2005–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Greenland recorded 43.54 million current US$ for changes in inventories in 2023. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 15,384.5% over ten years.
Over the whole period, changes in inventories in Greenland peaked at 43.54 million current US$ in 2023 and was at its lowest, -23.06 million current US$, in 2011.
That places Greenland 108th out of 186 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Changes in inventories in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 3.40 million current US$ | — |
| 2006 | -3.83 million current US$ | -212.7% |
| 2007 | -19.58 million current US$ | +410.8% |
| 2008 | -7.47 million current US$ | -61.8% |
| 2009 | 15.20 million current US$ | -303.4% |
| 2010 | 4.32 million current US$ | -71.6% |
| 2011 | -23.06 million current US$ | -633.7% |
| 2012 | -17.82 million current US$ | -22.7% |
| 2013 | -284,884 current US$ | -98.4% |
| 2014 | -22.65 million current US$ | +7849.2% |
| 2015 | 148,635 current US$ | -100.7% |
| 2016 | -20.95 million current US$ | -14192.0% |
| 2017 | 13.74 million current US$ | -165.6% |
| 2018 | 10.36 million current US$ | -24.6% |
| 2019 | 14.57 million current US$ | +40.7% |
| 2020 | -2.11 million current US$ | -114.5% |
| 2021 | 7.95 million current US$ | -477.0% |
| 2022 | 42.54 million current US$ | +434.9% |
| 2023 | 43.54 million current US$ | +2.4% |
Greenland compared with similar countries
- Greenland's 43.54 million current US$ is below the median for high income countries, which is 285.44 million current US$, 15% of the median. (69 countries reporting)
- Greenland's 43.54 million current US$ is below the median for Europe & Central Asia, which is 767.84 million current US$, 6% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Changes in inventories in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -14192.0% | 148,635 current US$ | -20.95 million current US$ |
| 2014 | -7849.2% | -284,884 current US$ | -22.65 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.46 million current US$ | -19.58 million current US$ | 15.20 million current US$ | 5 |
| 2010s | -4.16 million current US$ | -23.06 million current US$ | 14.57 million current US$ | 10 |
| 2020s | 22.98 million current US$ | -2.11 million current US$ | 43.54 million current US$ | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Final consumption expenditure (current LCU), per capita 299,448 current LCU 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 capita 40,333 constant 2015 US$ per person (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$), annual growth rate 1.24 % change on previous year (2023)
- Final consumption expenditure (current LCU), annual growth rate 3.24 % change on previous year (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.743 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), per capita 43,463 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per unit of GDP 5.12 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is changes in inventories in Greenland?
- Changes in inventories in Greenland was 43.54 million current US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest changes in inventories recorded in Greenland?
- The highest recorded value was 43.54 million current US$ in 2023.
- What is the lowest changes in inventories recorded in Greenland?
- The lowest recorded value was -23.06 million current US$ in 2011.
- How does Greenland rank for changes in inventories?
- Greenland ranks 108th out of 186 countries with data for 2023.
- Is changes in inventories rising or falling in Greenland?
- Over the last ten years it is up 15,384.5%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Changes in inventories (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.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.