Final consumption expenditure (current LCU), per unit of GDP (LCU) in Greenland
Greenland: Final consumption expenditure (current LCU), per unit of GDP (LCU) was 5.12 current LCU per US$ of GDP in 2023. ▼ Falling
Final consumption expenditure (current LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2023, final consumption expenditure (current lcu), per unit of gdp in Greenland stood at 5.12 current LCU per US$ of GDP.
The figure is down 2.2% on the previous year and up 0.8% over ten years.
Over the whole period, final consumption expenditure (current lcu), per unit of gdp in Greenland peaked at 6.08 current LCU per US$ of GDP in 2003 and was at its lowest, 4.75 current LCU per US$ of GDP, in 2008.
That places Greenland 109th out of 188 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 (current LCU), per unit of GDP (LCU) in Greenland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 6.08 current LCU per US$ of GDP | — |
| 2004 | 5.59 current LCU per US$ of GDP | -8.2% |
| 2005 | 5.6 current LCU per US$ of GDP | +0.3% |
| 2006 | 5.41 current LCU per US$ of GDP | -3.5% |
| 2007 | 5.01 current LCU per US$ of GDP | -7.3% |
| 2008 | 4.75 current LCU per US$ of GDP | -5.3% |
| 2009 | 4.94 current LCU per US$ of GDP | +4.0% |
| 2010 | 5.06 current LCU per US$ of GDP | +2.5% |
| 2011 | 4.86 current LCU per US$ of GDP | -4.0% |
| 2012 | 5.11 current LCU per US$ of GDP | +5.2% |
| 2013 | 5.08 current LCU per US$ of GDP | -0.7% |
| 2014 | 4.91 current LCU per US$ of GDP | -3.2% |
| 2015 | 5.65 current LCU per US$ of GDP | +14.9% |
| 2016 | 5.37 current LCU per US$ of GDP | -4.8% |
| 2017 | 5.23 current LCU per US$ of GDP | -2.7% |
| 2018 | 5 current LCU per US$ of GDP | -4.5% |
| 2019 | 5.26 current LCU per US$ of GDP | +5.2% |
| 2020 | 5.08 current LCU per US$ of GDP | -3.3% |
| 2021 | 4.93 current LCU per US$ of GDP | -3.0% |
| 2022 | 5.23 current LCU per US$ of GDP | +6.1% |
| 2023 | 5.12 current LCU per US$ of GDP | -2.2% |
Greenland compared with similar countries
- Greenland's 5.12 current LCU per US$ of GDP is above the median for high income countries, which is 0.8641 current LCU per US$ of GDP, 5.9× the median. (67 countries reporting)
- Greenland's 5.12 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 1.07 current LCU per US$ of GDP, 4.8× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.34 current LCU per US$ of GDP | 4.75 current LCU per US$ of GDP | 6.08 current LCU per US$ of GDP | 7 |
| 2010s | 5.15 current LCU per US$ of GDP | 4.86 current LCU per US$ of GDP | 5.65 current LCU per US$ of GDP | 10 |
| 2020s | 5.09 current LCU per US$ of GDP | 4.93 current LCU per US$ of GDP | 5.23 current LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 106 Norway 6.77 current LCU per US$ of GDP compare
- 107 Hong Kong 6.14 current LCU per US$ of GDP compare
- 108 Bolivia 5.95 current LCU per US$ of GDP compare
- 110 Faroe Islands 4.72 current LCU per US$ of GDP compare
- 111 Brazil 4.61 current LCU per US$ of GDP compare
- 112 Denmark 4.43 current LCU per US$ of GDP compare
More economy & growth data for Greenland
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.24 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (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 (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$), per capita 64,520 current US$ per person (2023)
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
Frequently asked questions
- What is final consumption expenditure (current lcu), per unit of gdp in Greenland?
- Final consumption expenditure (current lcu), per unit of gdp in Greenland was 5.12 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 6.08 current LCU per US$ of GDP in 2003.
- What is the lowest final consumption expenditure (current lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 4.75 current LCU per US$ of GDP in 2008.
- How does Greenland rank for final consumption expenditure (current lcu), per unit of gdp?
- Greenland ranks 109th out of 188 countries with data for 2023.
- Is final consumption expenditure (current lcu), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 0.8%. 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 (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (current LCU) ÷ GDP (current US$)
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 (current 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.