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% |
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, Plurinational State of 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 value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per capita 56,154 current US$ per person (2023)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.66 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 6.61 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 386,886 current LCU per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 49,674 constant 2015 US$ per person (2023)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 4.9 constant LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9599 current US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8491 constant 2015 US$ 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.
Download this data
CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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.