External balance on goods and services (current LCU), annual growth in Greenland
Greenland: External balance on goods and services (current LCU), annual growth was 10.26 % change on previous year in 2023. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, external balance on goods and services (current lcu), annual growth in Greenland stood at 10.26 % change on previous year.
Compared with earlier readings it is down 44.5% on the previous year and down 51.5% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Greenland peaked at 68.5 % change on previous year in 2018 and was at its lowest, -86.53 % change on previous year, in 2005.
Greenland ranks 59th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 12.99 % change on previous year | — |
| 2005 | -86.53 % change on previous year | -766.3% |
| 2006 | 13.55 % change on previous year | -115.7% |
| 2007 | -63.85 % change on previous year | -571.1% |
| 2008 | -54.07 % change on previous year | -15.3% |
| 2009 | 22.6 % change on previous year | -141.8% |
| 2010 | -80.98 % change on previous year | -458.3% |
| 2011 | -31.84 % change on previous year | -60.7% |
| 2012 | 50.1 % change on previous year | -257.4% |
| 2013 | 21.17 % change on previous year | -57.7% |
| 2014 | 47.69 % change on previous year | +125.3% |
| 2015 | 17.47 % change on previous year | -63.4% |
| 2016 | 41.21 % change on previous year | +135.9% |
| 2017 | 32.29 % change on previous year | -21.6% |
| 2018 | 68.5 % change on previous year | +112.1% |
| 2020 | -7.34 % change on previous year | -110.7% |
| 2021 | -48.71 % change on previous year | +563.6% |
| 2022 | 18.48 % change on previous year | -137.9% |
| 2023 | 10.26 % change on previous year | -44.5% |
Greenland compared with similar countries
- Greenland's 10.26 % change on previous year is above the median for high income countries, which is 0.3851 % change on previous year, 26.6× the median. (72 countries reporting)
- Greenland's 10.26 % change on previous year is above the median for Europe & Central Asia, which is -10.38 % change on previous year. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -25.88 % change on previous year | -86.53 % change on previous year | 22.6 % change on previous year | 6 |
| 2010s | 18.4 % change on previous year | -80.98 % change on previous year | 68.5 % change on previous year | 9 |
| 2020s | -6.83 % change on previous year | -48.71 % change on previous year | 18.48 % change on previous year | 4 |
Countries ranked near Greenland
- 56 Denmark 12.54 % change on previous year compare
- 57 Uganda 10.39 % change on previous year compare
- 58 Bolivia 10.32 % change on previous year compare
- 60 Ireland 9.07 % change on previous year compare
- 61 Malaysia 9.02 % change on previous year compare
- 62 Thailand 8.91 % change on previous year compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 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 US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Greenland?
- External balance on goods and services (current lcu), annual growth in Greenland was 10.26 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Greenland?
- The highest recorded value was 68.5 % change on previous year in 2018.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Greenland?
- The lowest recorded value was -86.53 % change on previous year in 2005.
- How does Greenland rank for external balance on goods and services (current lcu), annual growth?
- Greenland ranks 59th out of 192 countries with data for 2023.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Greenland?
- Over the last ten years it is down 51.5%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.