Final consumption expenditure in Greenland
Greenland: Final consumption expenditure was 17.03 billion current LCU in 2023. ▲ Rising
Final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Greenland is 17.03 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
That represents a change of up 3.2% on the previous year and up 24.9% over ten years.
Over the whole period, final consumption expenditure in Greenland peaked at 17.03 billion current LCU in 2023 and was at its lowest, 9.48 billion current LCU, in 2003.
Greenland ranks 164th of 188 countries on this measure, 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 | current LCU | Change |
|---|---|---|
| 2003 | 9.48 billion current LCU | — |
| 2004 | 10.18 billion current LCU | +7.4% |
| 2005 | 10.36 billion current LCU | +1.8% |
| 2006 | 10.89 billion current LCU | +5.1% |
| 2007 | 11.28 billion current LCU | +3.6% |
| 2008 | 11.86 billion current LCU | +5.2% |
| 2009 | 12.49 billion current LCU | +5.3% |
| 2010 | 12.67 billion current LCU | +1.5% |
| 2011 | 13.05 billion current LCU | +3.0% |
| 2012 | 13.35 billion current LCU | +2.3% |
| 2013 | 13.63 billion current LCU | +2.2% |
| 2014 | 13.96 billion current LCU | +2.4% |
| 2015 | 14.11 billion current LCU | +1.0% |
| 2016 | 14.54 billion current LCU | +3.1% |
| 2017 | 14.91 billion current LCU | +2.5% |
| 2018 | 15.27 billion current LCU | +2.4% |
| 2019 | 15.76 billion current LCU | +3.2% |
| 2020 | 15.71 billion current LCU | -0.3% |
| 2021 | 16.25 billion current LCU | +3.4% |
| 2022 | 16.49 billion current LCU | +1.5% |
| 2023 | 17.03 billion current LCU | +3.2% |
Greenland compared with similar countries
- Greenland's 17.03 billion current LCU is below the median for high income countries, which is 326.40 billion current LCU, 5% of the median. (67 countries reporting)
- Greenland's 17.03 billion current LCU is below the median for Europe & Central Asia, which is 433.95 billion current LCU, 4% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.94 billion current LCU | 9.48 billion current LCU | 12.49 billion current LCU | 7 |
| 2010s | 14.13 billion current LCU | 12.67 billion current LCU | 15.76 billion current LCU | 10 |
| 2020s | 16.37 billion current LCU | 15.71 billion current LCU | 17.03 billion current LCU | 4 |
Countries ranked near Greenland
- 161 Turkmenistan 21.06 billion current LCU compare
- 162 Faroe Islands 19.13 billion current LCU compare
- 163 Palestine 18.48 billion current LCU compare
- 165 Malta 15.26 billion current LCU compare
- 166 Solomon Islands 14.48 billion current LCU compare
- 167 Jordan 13.01 billion current LCU 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 in Greenland?
- Final consumption expenditure in Greenland was 17.03 billion current 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 17.03 billion current LCU in 2023.
- What is the lowest final consumption expenditure recorded in Greenland?
- The lowest recorded value was 9.48 billion current LCU in 2003.
- How does Greenland rank for final consumption expenditure?
- Greenland ranks 164th out of 188 countries with data for 2023.
- Is final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 24.9%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.