Final consumption expenditure in Greenland
Greenland: Final consumption expenditure was 74.3% in 2023. ▼ Falling
Final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2023, final consumption expenditure in Greenland stood at 74.3%.
The figure is up 0.5% on the previous year and down 17.8% over ten years.
Over the whole period, final consumption expenditure in Greenland peaked at 93.4% in 2005 and was at its lowest, 73.9%, in 2022.
Greenland ranks 125th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Final consumption expenditure in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 92.4% | — |
| 2004 | 93.3% | +1.0% |
| 2005 | 93.4% | +0.2% |
| 2006 | 90.9% | -2.7% |
| 2007 | 92.1% | +1.2% |
| 2008 | 93.1% | +1.1% |
| 2009 | 92.1% | -1.1% |
| 2010 | 90.0% | -2.3% |
| 2011 | 90.5% | +0.6% |
| 2012 | 88.3% | -2.5% |
| 2013 | 90.4% | +2.4% |
| 2014 | 87.5% | -3.2% |
| 2015 | 83.9% | -4.2% |
| 2016 | 79.8% | -4.9% |
| 2017 | 79.2% | -0.8% |
| 2018 | 79.1% | -0.1% |
| 2019 | 78.8% | -0.4% |
| 2020 | 77.7% | -1.4% |
| 2021 | 78.5% | +1.0% |
| 2022 | 73.9% | -5.8% |
| 2023 | 74.3% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.5% | 90.9% | 93.4% | 7 |
| 2010s | 84.8% | 78.8% | 90.5% | 10 |
| 2020s | 76.1% | 73.9% | 78.5% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- GDP (constant LCU), per unit of GDP 4.89 constant LCU per US$ of GDP (2023)
- GDP (constant LCU), per capita 285,947 constant LCU per person (2023)
Frequently asked questions
- What is final consumption expenditure in Greenland?
- Final consumption expenditure in Greenland was 74.3% 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 93.4% in 2005.
- What is the lowest final consumption expenditure recorded in Greenland?
- The lowest recorded value was 73.9% in 2022.
- How does Greenland rank for final consumption expenditure?
- Greenland ranks 125th out of 187 countries with data for 2023.
- Is final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.