GDP in Greenland
Greenland: GDP was 2.84 billion constant 2015 US$ in 2023. ▲ Rising
Latest (2023)
2.84 billion constant 2015 US$
Change on year
up 0.9%
World rank
179th
of 212 countries
All-time high
2.84 billion constant 2015 US$
in 2023
All-time low
713.41 million constant 2015 US$
in 1970
Years of data
54
1970–2023
GDP in Greenland, 1970–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gdp in Greenland is 2.84 billion constant 2015 US$, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 0.9% on the previous year and up 16.0% over ten years.
Over the whole period, gdp in Greenland peaked at 2.84 billion constant 2015 US$ in 2023 and was at its lowest, 713.41 million constant 2015 US$, in 1970.
That places Greenland 179th out of 212 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
GDP in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 713.41 million constant 2015 US$ | — |
| 1971 | 806.59 million constant 2015 US$ | +13.1% |
| 1972 | 856.41 million constant 2015 US$ | +6.2% |
| 1973 | 914.70 million constant 2015 US$ | +6.8% |
| 1974 | 966.89 million constant 2015 US$ | +5.7% |
| 1975 | 973.14 million constant 2015 US$ | +0.6% |
| 1976 | 1.03 billion constant 2015 US$ | +6.0% |
| 1977 | 1.12 billion constant 2015 US$ | +8.8% |
| 1978 | 1.19 billion constant 2015 US$ | +6.0% |
| 1979 | 1.25 billion constant 2015 US$ | +4.9% |
| 1980 | 1.36 billion constant 2015 US$ | +8.7% |
| 1981 | 1.36 billion constant 2015 US$ | +0.7% |
| 1982 | 1.30 billion constant 2015 US$ | -4.4% |
| 1983 | 1.35 billion constant 2015 US$ | +3.5% |
| 1984 | 1.28 billion constant 2015 US$ | -5.2% |
| 1985 | 1.33 billion constant 2015 US$ | +3.7% |
| 1986 | 1.42 billion constant 2015 US$ | +7.1% |
| 1987 | 1.50 billion constant 2015 US$ | +5.5% |
| 1988 | 1.58 billion constant 2015 US$ | +5.6% |
| 1989 | 1.69 billion constant 2015 US$ | +6.7% |
| 1990 | 1.49 billion constant 2015 US$ | -11.7% |
| 1991 | 1.49 billion constant 2015 US$ | -0.1% |
| 1992 | 1.41 billion constant 2015 US$ | -5.1% |
| 1993 | 1.34 billion constant 2015 US$ | -5.0% |
| 1994 | 1.42 billion constant 2015 US$ | +5.9% |
| 1995 | 1.47 billion constant 2015 US$ | +3.7% |
| 1996 | 1.50 billion constant 2015 US$ | +1.5% |
| 1997 | 1.52 billion constant 2015 US$ | +1.5% |
| 1998 | 1.64 billion constant 2015 US$ | +7.8% |
| 1999 | 1.66 billion constant 2015 US$ | +1.4% |
| 2000 | 1.78 billion constant 2015 US$ | +7.1% |
| 2001 | 1.80 billion constant 2015 US$ | +1.3% |
| 2002 | 1.78 billion constant 2015 US$ | -1.0% |
| 2003 | 1.86 billion constant 2015 US$ | +4.4% |
| 2004 | 1.99 billion constant 2015 US$ | +6.9% |
| 2005 | 2.09 billion constant 2015 US$ | +5.0% |
| 2006 | 2.20 billion constant 2015 US$ | +5.6% |
| 2007 | 2.26 billion constant 2015 US$ | +2.4% |
| 2008 | 2.40 billion constant 2015 US$ | +6.2% |
| 2009 | 2.42 billion constant 2015 US$ | +0.9% |
| 2010 | 2.46 billion constant 2015 US$ | +1.7% |
| 2011 | 2.45 billion constant 2015 US$ | -0.5% |
| 2012 | 2.48 billion constant 2015 US$ | +1.4% |
| 2013 | 2.45 billion constant 2015 US$ | -1.3% |
| 2014 | 2.56 billion constant 2015 US$ | +4.7% |
| 2015 | 2.50 billion constant 2015 US$ | -2.5% |
| 2016 | 2.62 billion constant 2015 US$ | +4.7% |
| 2017 | 2.62 billion constant 2015 US$ | +0.1% |
| 2018 | 2.63 billion constant 2015 US$ | +0.6% |
| 2019 | 2.71 billion constant 2015 US$ | +2.8% |
| 2020 | 2.72 billion constant 2015 US$ | +0.3% |
| 2021 | 2.76 billion constant 2015 US$ | +1.6% |
| 2022 | 2.81 billion constant 2015 US$ | +2.0% |
| 2023 | 2.84 billion constant 2015 US$ | +0.9% |
Greenland compared with similar countries
- Greenland's 2.84 billion constant 2015 US$ is below the median for high income countries, which is 76.03 billion constant 2015 US$, 4% of the median. (80 countries reporting)
- Greenland's 2.84 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 70.96 billion constant 2015 US$, 4% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 982.14 million constant 2015 US$ | 713.41 million constant 2015 US$ | 1.25 billion constant 2015 US$ | 10 |
| 1980s | 1.42 billion constant 2015 US$ | 1.28 billion constant 2015 US$ | 1.69 billion constant 2015 US$ | 10 |
| 1990s | 1.49 billion constant 2015 US$ | 1.34 billion constant 2015 US$ | 1.66 billion constant 2015 US$ | 10 |
| 2000s | 2.06 billion constant 2015 US$ | 1.78 billion constant 2015 US$ | 2.42 billion constant 2015 US$ | 10 |
| 2010s | 2.55 billion constant 2015 US$ | 2.45 billion constant 2015 US$ | 2.71 billion constant 2015 US$ | 10 |
| 2020s | 2.78 billion constant 2015 US$ | 2.72 billion constant 2015 US$ | 2.84 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 176 Andorra 3.51 billion constant 2015 US$ compare
- 177 Faroe Islands 3.24 billion constant 2015 US$ compare
- 178 Bhutan 3.18 billion constant 2015 US$ compare
- 180 Curacao 2.81 billion constant 2015 US$ compare
- 181 Belize 2.70 billion constant 2015 US$ compare
- 182 Turks and Caicos Islands 2.66 billion constant 2015 US$ 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 gdp in Greenland?
- Gdp in Greenland was 2.84 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Greenland?
- The highest recorded value was 2.84 billion constant 2015 US$ in 2023.
- What is the lowest gdp recorded in Greenland?
- The lowest recorded value was 713.41 million constant 2015 US$ in 1970.
- How does Greenland rank for gdp?
- Greenland ranks 179th out of 212 countries with data for 2023.
- Is gdp rising or falling in Greenland?
- Over the last ten years it is up 16.0%. 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 GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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 is 2015. This indicator is expressed in United States dollars.