External balance on goods and services in Greenland
Greenland: External balance on goods and services was -342.39 million current US$ in 2023. ◆ Volatile
External balance on goods and services in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Greenland recorded -342.39 million current US$ for external balance on goods and services in 2023.
That represents a change of up 7.8% on the previous year and up 37.8% over ten years.
Over the whole period, external balance on goods and services in Greenland peaked at -26.51 million current US$ in 2018 and was at its lowest, -1.46 billion current US$, in 2011.
That places Greenland 97th out of 192 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -417.61 million current US$ | -835.07 million current US$ | -174.58 million current US$ | 7 |
| 2010s | -476.60 million current US$ | -1.46 billion current US$ | -26.51 million current US$ | 10 |
| 2020s | -389.56 million current US$ | -512.91 million current US$ | -331.45 million current US$ | 4 |
Countries ranked near Greenland
- 94 Seychelles -311.50 million current US$ compare
- 95 Kiribati -319.40 million current US$ compare
- 96 Guinea-Bissau -332.34 million current US$ compare
- 98 Cape Verde -347.73 million current US$ compare
- 99 Comoros -404.54 million current US$ compare
- 100 Central African Republic -435.91 million current US$ compare
More economy & growth data for Greenland
- Industry (including construction), value added 18.4% (2023)
- Manufacturing, value added 2.7% (2023)
- Industry (including construction), value added 613.64 million current US$ (2023)
- Industry (including construction), value added 4.23 billion current LCU (2023)
- Industry (including construction), value added 495.03 million constant 2015 US$ (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Services, value added 10.29 billion constant LCU (2023)
- Services, value added 2.2% (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
Frequently asked questions
- What is external balance on goods and services in Greenland?
- External balance on goods and services in Greenland was -342.39 million current US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Greenland?
- The highest recorded value was -26.51 million current US$ in 2018.
- What is the lowest external balance on goods and services recorded in Greenland?
- The lowest recorded value was -1.46 billion current US$ in 2011.
- How does Greenland rank for external balance on goods and services?
- Greenland ranks 97th out of 192 countries with data for 2023.
- Is external balance on goods and services rising or falling in Greenland?
- Over the last ten years it is up 37.8%. 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 External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.