DEC alternative conversion factor in Greenland
Greenland: DEC alternative conversion factor was 6.62 LCU per US$ in 2025. ▼ Falling
Latest (2025)
6.62 LCU per US$
Change on year
down 4.0%
World rank
118th
of 215 countries
All-time high
10.6 LCU per US$
in 1985
All-time low
5.1 LCU per US$
in 2008
Years of data
66
1960–2025
DEC alternative conversion factor in Greenland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$.
Analysis
In 2025, dec alternative conversion factor in Greenland stood at 6.62 LCU per US$.
That represents a change of down 4.0% on the previous year and down 1.6% over ten years.
Over the whole period, dec alternative conversion factor in Greenland peaked at 10.6 LCU per US$ in 1985 and was at its lowest, 5.1 LCU per US$, in 2008.
That places Greenland 118th out of 215 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 66 years of available data.
DEC alternative conversion factor in Greenland, year by year
| Year | LCU per US$ | Change |
|---|---|---|
| 1960 | 6.91 LCU per US$ | — |
| 1961 | 6.91 LCU per US$ | +0.0% |
| 1962 | 6.91 LCU per US$ | +0.0% |
| 1963 | 6.91 LCU per US$ | +0.0% |
| 1964 | 6.91 LCU per US$ | +0.0% |
| 1965 | 6.91 LCU per US$ | +0.0% |
| 1966 | 6.91 LCU per US$ | +0.0% |
| 1967 | 6.96 LCU per US$ | +0.7% |
| 1968 | 7.5 LCU per US$ | +7.8% |
| 1969 | 7.5 LCU per US$ | +0.0% |
| 1970 | 7.5 LCU per US$ | +0.0% |
| 1971 | 7.43 LCU per US$ | -1.0% |
| 1972 | 6.95 LCU per US$ | -6.4% |
| 1973 | 6.05 LCU per US$ | -12.9% |
| 1974 | 6.09 LCU per US$ | +0.8% |
| 1975 | 5.75 LCU per US$ | -5.7% |
| 1976 | 6.05 LCU per US$ | +5.2% |
| 1977 | 6 LCU per US$ | -0.7% |
| 1978 | 5.51 LCU per US$ | -8.1% |
| 1979 | 5.26 LCU per US$ | -4.6% |
| 1980 | 5.64 LCU per US$ | +7.1% |
| 1981 | 7.12 LCU per US$ | +26.4% |
| 1982 | 8.33 LCU per US$ | +17.0% |
| 1983 | 9.14 LCU per US$ | +9.8% |
| 1984 | 10.36 LCU per US$ | +13.2% |
| 1985 | 10.6 LCU per US$ | +2.3% |
| 1986 | 8.09 LCU per US$ | -23.6% |
| 1987 | 6.84 LCU per US$ | -15.5% |
| 1988 | 6.73 LCU per US$ | -1.6% |
| 1989 | 7.31 LCU per US$ | +8.6% |
| 1990 | 6.19 LCU per US$ | -15.3% |
| 1991 | 6.4 LCU per US$ | +3.4% |
| 1992 | 6.04 LCU per US$ | -5.6% |
| 1993 | 6.48 LCU per US$ | +7.4% |
| 1994 | 6.36 LCU per US$ | -1.9% |
| 1995 | 5.6 LCU per US$ | -11.9% |
| 1996 | 5.8 LCU per US$ | +3.5% |
| 1997 | 6.6 LCU per US$ | +13.9% |
| 1998 | 6.7 LCU per US$ | +1.5% |
| 1999 | 6.98 LCU per US$ | +4.1% |
| 2000 | 8.08 LCU per US$ | +15.9% |
| 2001 | 8.32 LCU per US$ | +3.0% |
| 2002 | 7.89 LCU per US$ | -5.1% |
| 2003 | 6.59 LCU per US$ | -16.6% |
| 2004 | 5.99 LCU per US$ | -9.1% |
| 2005 | 6 LCU per US$ | +0.1% |
| 2006 | 5.95 LCU per US$ | -0.8% |
| 2007 | 5.44 LCU per US$ | -8.5% |
| 2008 | 5.1 LCU per US$ | -6.3% |
| 2009 | 5.36 LCU per US$ | +5.2% |
| 2010 | 5.62 LCU per US$ | +4.9% |
| 2011 | 5.37 LCU per US$ | -4.5% |
| 2012 | 5.79 LCU per US$ | +7.9% |
| 2013 | 5.62 LCU per US$ | -3.0% |
| 2014 | 5.61 LCU per US$ | -0.1% |
| 2015 | 6.73 LCU per US$ | +19.9% |
| 2016 | 6.73 LCU per US$ | +0.1% |
| 2017 | 6.6 LCU per US$ | -1.9% |
| 2018 | 6.31 LCU per US$ | -4.4% |
| 2019 | 6.67 LCU per US$ | +5.6% |
| 2020 | 6.54 LCU per US$ | -1.9% |
| 2021 | 6.29 LCU per US$ | -3.9% |
| 2022 | 7.08 LCU per US$ | +12.6% |
| 2023 | 6.89 LCU per US$ | -2.6% |
| 2024 | 6.89 LCU per US$ | +0.1% |
| 2025 | 6.62 LCU per US$ | -4.0% |
Greenland compared with similar countries
- Greenland's 6.62 LCU per US$ is above the median for high income countries, which is 1 LCU per US$, 6.6× the median. (83 countries reporting)
- Greenland's 6.62 LCU per US$ is above the median for Europe & Central Asia, which is 0.8861 LCU per US$, 7.5× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.03 LCU per US$ | 6.91 LCU per US$ | 7.5 LCU per US$ | 10 |
| 1970s | 6.26 LCU per US$ | 5.26 LCU per US$ | 7.5 LCU per US$ | 10 |
| 1980s | 8.02 LCU per US$ | 5.64 LCU per US$ | 10.6 LCU per US$ | 10 |
| 1990s | 6.31 LCU per US$ | 5.6 LCU per US$ | 6.98 LCU per US$ | 10 |
| 2000s | 6.47 LCU per US$ | 5.1 LCU per US$ | 8.32 LCU per US$ | 10 |
| 2010s | 6.11 LCU per US$ | 5.37 LCU per US$ | 6.73 LCU per US$ | 10 |
| 2020s | 6.72 LCU per US$ | 6.29 LCU per US$ | 7.08 LCU per US$ | 6 |
Countries ranked near Greenland
- 115 Bolivia 6.91 LCU per US$ compare
- 116 Faroe Islands 6.89 LCU per US$ compare
- 117 Trinidad and Tobago 6.75 LCU per US$ compare
- 118 Denmark 6.62 LCU per US$ compare
- 120 Brazil 5.59 LCU per US$ compare
- 121 Turkmenistan 5.44 LCU per US$ compare
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 dec alternative conversion factor in Greenland?
- Dec alternative conversion factor in Greenland was 6.62 LCU per US$ in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest dec alternative conversion factor recorded in Greenland?
- The highest recorded value was 10.6 LCU per US$ in 1985.
- What is the lowest dec alternative conversion factor recorded in Greenland?
- The lowest recorded value was 5.1 LCU per US$ in 2008.
- How does Greenland rank for dec alternative conversion factor?
- Greenland ranks 118th out of 215 countries with data for 2025.
- Is dec alternative conversion factor rising or falling in Greenland?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of DEC alternative conversion factor (LCU per US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.