Final consumption expenditure in Greenland
Greenland: Final consumption expenditure was 14.12 billion constant LCU in 2023. ▲ Rising
Final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, final consumption expenditure in Greenland stood at 14.12 billion constant LCU. That is the highest value across all 21 years on record.
The figure is up 1.2% on the previous year and up 9.4% over ten years.
Over the whole period, final consumption expenditure in Greenland peaked at 14.12 billion constant LCU in 2023 and was at its lowest, 10.70 billion constant LCU, in 2003.
That places Greenland 153rd out of 177 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Final consumption expenditure in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 10.70 billion constant LCU | — |
| 2004 | 11.25 billion constant LCU | +5.1% |
| 2005 | 11.54 billion constant LCU | +2.6% |
| 2006 | 11.98 billion constant LCU | +3.7% |
| 2007 | 12.07 billion constant LCU | +0.8% |
| 2008 | 12.44 billion constant LCU | +3.0% |
| 2009 | 12.86 billion constant LCU | +3.4% |
| 2010 | 12.67 billion constant LCU | -1.5% |
| 2011 | 12.69 billion constant LCU | +0.2% |
| 2012 | 12.70 billion constant LCU | +0.1% |
| 2013 | 12.90 billion constant LCU | +1.6% |
| 2014 | 12.93 billion constant LCU | +0.2% |
| 2015 | 12.91 billion constant LCU | -0.2% |
| 2016 | 13.12 billion constant LCU | +1.6% |
| 2017 | 13.29 billion constant LCU | +1.3% |
| 2018 | 13.59 billion constant LCU | +2.3% |
| 2019 | 13.92 billion constant LCU | +2.4% |
| 2020 | 13.68 billion constant LCU | -1.7% |
| 2021 | 14.04 billion constant LCU | +2.7% |
| 2022 | 13.94 billion constant LCU | -0.7% |
| 2023 | 14.12 billion constant LCU | +1.2% |
Greenland compared with similar countries
- Greenland's 14.12 billion constant LCU is below the median for high income countries, which is 277.24 billion constant LCU, 5% of the median. (61 countries reporting)
- Greenland's 14.12 billion constant LCU is below the median for Europe & Central Asia, which is 433.16 billion constant LCU, 3% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.84 billion constant LCU | 10.70 billion constant LCU | 12.86 billion constant LCU | 7 |
| 2010s | 13.07 billion constant LCU | 12.67 billion constant LCU | 13.92 billion constant LCU | 10 |
| 2020s | 13.95 billion constant LCU | 13.68 billion constant LCU | 14.12 billion constant LCU | 4 |
Countries ranked near Greenland
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 in Greenland?
- Final consumption expenditure in Greenland was 14.12 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Greenland?
- The highest recorded value was 14.12 billion constant LCU in 2023.
- What is the lowest final consumption expenditure recorded in Greenland?
- The lowest recorded value was 10.70 billion constant LCU in 2003.
- How does Greenland rank for final consumption expenditure?
- Greenland ranks 153rd out of 177 countries with data for 2023.
- Is final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.