Final consumption expenditure (constant LCU), per unit of GDP in Greenland
Greenland: Final consumption expenditure (constant LCU), per unit of GDP was 4.24 constant LCU per US$ of GDP in 2023. ▼ Falling
Final consumption expenditure (constant LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for final consumption expenditure (constant lcu), per unit of gdp in Greenland is 4.24 constant LCU per US$ of GDP, measured in 2023. That is the lowest value across all 21 years on record.
That represents a change of down 4.1% on the previous year and down 11.7% over ten years.
Over the whole period, final consumption expenditure (constant lcu), per unit of gdp in Greenland peaked at 6.86 constant LCU per US$ of GDP in 2003 and was at its lowest, 4.24 constant LCU per US$ of GDP, in 2023.
That places Greenland 98th out of 177 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Final consumption expenditure (constant LCU), per unit of GDP in Greenland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 6.86 constant LCU per US$ of GDP | — |
| 2004 | 6.17 constant LCU per US$ of GDP | -10.1% |
| 2005 | 6.24 constant LCU per US$ of GDP | +1.1% |
| 2006 | 5.95 constant LCU per US$ of GDP | -4.7% |
| 2007 | 5.37 constant LCU per US$ of GDP | -9.8% |
| 2008 | 4.98 constant LCU per US$ of GDP | -7.2% |
| 2009 | 5.08 constant LCU per US$ of GDP | +2.1% |
| 2010 | 5.06 constant LCU per US$ of GDP | -0.4% |
| 2011 | 4.73 constant LCU per US$ of GDP | -6.6% |
| 2012 | 4.87 constant LCU per US$ of GDP | +2.9% |
| 2013 | 4.81 constant LCU per US$ of GDP | -1.2% |
| 2014 | 4.55 constant LCU per US$ of GDP | -5.3% |
| 2015 | 5.16 constant LCU per US$ of GDP | +13.5% |
| 2016 | 4.85 constant LCU per US$ of GDP | -6.2% |
| 2017 | 4.66 constant LCU per US$ of GDP | -3.8% |
| 2018 | 4.45 constant LCU per US$ of GDP | -4.5% |
| 2019 | 4.64 constant LCU per US$ of GDP | +4.4% |
| 2020 | 4.43 constant LCU per US$ of GDP | -4.7% |
| 2021 | 4.26 constant LCU per US$ of GDP | -3.7% |
| 2022 | 4.42 constant LCU per US$ of GDP | +3.7% |
| 2023 | 4.24 constant LCU per US$ of GDP | -4.1% |
Greenland compared with similar countries
- Greenland's 4.24 constant LCU per US$ of GDP is above the median for high income countries, which is 0.6821 constant LCU per US$ of GDP, 6.2× the median. (61 countries reporting)
- Greenland's 4.24 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.5982 constant LCU per US$ of GDP, 7.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.81 constant LCU per US$ of GDP | 4.98 constant LCU per US$ of GDP | 6.86 constant LCU per US$ of GDP | 7 |
| 2010s | 4.78 constant LCU per US$ of GDP | 4.45 constant LCU per US$ of GDP | 5.16 constant LCU per US$ of GDP | 10 |
| 2020s | 4.34 constant LCU per US$ of GDP | 4.24 constant LCU per US$ of GDP | 4.43 constant LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 95 Norway 5.66 constant LCU per US$ of GDP compare
- 96 Guatemala 5.31 constant LCU per US$ of GDP compare
- 97 Bolivia 5.3 constant LCU per US$ of GDP compare
- 99 China 3.91 constant LCU per US$ of GDP compare
- 100 Denmark 3.76 constant LCU per US$ of GDP compare
- 101 Macao 3.37 constant LCU per US$ of GDP 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 final consumption expenditure (constant lcu), per unit of gdp in Greenland?
- Final consumption expenditure (constant lcu), per unit of gdp in Greenland was 4.24 constant LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 6.86 constant LCU per US$ of GDP in 2003.
- What is the lowest final consumption expenditure (constant lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 4.24 constant LCU per US$ of GDP in 2023.
- How does Greenland rank for final consumption expenditure (constant lcu), per unit of gdp?
- Greenland ranks 98th out of 177 countries with data for 2023.
- Is final consumption expenditure (constant lcu), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is down 11.7%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (constant LCU) ÷ GDP (current US$)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Final consumption expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.