GDP (constant LCU), annual growth rate (GDP Country official) in Greenland
Greenland: GDP (constant LCU), annual growth rate (GDP Country official) was 0.866 % change on previous year in 2023. ◆ Volatile
GDP (constant LCU), annual growth rate in Greenland, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant lcu), annual growth rate in Greenland is 0.866 % change on previous year, measured in 2023.
Compared with earlier readings it is down 56.8% on the previous year and up 166.7% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Greenland peaked at 13.06 % change on previous year in 1971 and was at its lowest, -11.72 % change on previous year, in 1990.
That places Greenland 177th out of 213 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate (GDP Country official) in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 13.06 % change on previous year | — |
| 1972 | 6.18 % change on previous year | -52.7% |
| 1973 | 6.81 % change on previous year | +10.2% |
| 1974 | 5.71 % change on previous year | -16.2% |
| 1975 | 0.6463 % change on previous year | -88.7% |
| 1976 | 5.96 % change on previous year | +822.0% |
| 1977 | 8.82 % change on previous year | +48.1% |
| 1978 | 6.02 % change on previous year | -31.8% |
| 1979 | 4.86 % change on previous year | -19.2% |
| 1980 | 8.68 % change on previous year | +78.5% |
| 1981 | 0.6653 % change on previous year | -92.3% |
| 1982 | -4.42 % change on previous year | -764.4% |
| 1983 | 3.46 % change on previous year | -178.2% |
| 1984 | -5.18 % change on previous year | -249.8% |
| 1985 | 3.66 % change on previous year | -170.6% |
| 1986 | 7.1 % change on previous year | +94.1% |
| 1987 | 5.52 % change on previous year | -22.3% |
| 1988 | 5.6 % change on previous year | +1.6% |
| 1989 | 6.66 % change on previous year | +18.8% |
| 1990 | -11.72 % change on previous year | -276.0% |
| 1991 | -0.1134 % change on previous year | -99.0% |
| 1992 | -5.11 % change on previous year | +4407.3% |
| 1993 | -5.03 % change on previous year | -1.6% |
| 1994 | 5.92 % change on previous year | -217.8% |
| 1995 | 3.73 % change on previous year | -37.1% |
| 1996 | 1.53 % change on previous year | -59.0% |
| 1997 | 1.47 % change on previous year | -4.0% |
| 1998 | 7.76 % change on previous year | +428.1% |
| 1999 | 1.38 % change on previous year | -82.2% |
| 2000 | 7.1 % change on previous year | +415.4% |
| 2001 | 1.27 % change on previous year | -82.1% |
| 2002 | -0.9714 % change on previous year | -176.6% |
| 2003 | 4.43 % change on previous year | -556.1% |
| 2004 | 6.91 % change on previous year | +55.9% |
| 2005 | 4.99 % change on previous year | -27.8% |
| 2006 | 5.56 % change on previous year | +11.4% |
| 2007 | 2.35 % change on previous year | -57.7% |
| 2008 | 6.17 % change on previous year | +162.1% |
| 2009 | 0.866 % change on previous year | -86.0% |
| 2010 | 1.74 % change on previous year | +100.5% |
| 2011 | -0.4965 % change on previous year | -128.6% |
| 2012 | 1.39 % change on previous year | -380.8% |
| 2013 | -1.3 % change on previous year | -193.1% |
| 2014 | 4.74 % change on previous year | -465.3% |
| 2015 | -2.53 % change on previous year | -153.3% |
| 2016 | 4.68 % change on previous year | -285.1% |
| 2017 | 0.0527 % change on previous year | -98.9% |
| 2018 | 0.6231 % change on previous year | +1081.7% |
| 2019 | 2.83 % change on previous year | +354.6% |
| 2020 | 0.2508 % change on previous year | -91.1% |
| 2021 | 1.63 % change on previous year | +551.6% |
| 2022 | 2 % change on previous year | +22.7% |
| 2023 | 0.866 % change on previous year | -56.8% |
Greenland compared with similar countries
- Greenland's 0.866 % change on previous year is below the median for high income countries, which is 2.14 % change on previous year, 40% of the median. (83 countries reporting)
- Greenland's 0.866 % change on previous year is below the median for Europe & Central Asia, which is 1.95 % change on previous year, 44% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate (GDP Country official) in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -4407.3% | -0.1134 % change on previous year | -5.11 % change on previous year |
| 2018 | +1081.7% | 0.0527 % change on previous year | 0.6231 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.45 % change on previous year | 0.6463 % change on previous year | 13.06 % change on previous year | 9 |
| 1980s | 3.17 % change on previous year | -5.18 % change on previous year | 8.68 % change on previous year | 10 |
| 1990s | -0.0185 % change on previous year | -11.72 % change on previous year | 7.76 % change on previous year | 10 |
| 2000s | 3.87 % change on previous year | -0.9714 % change on previous year | 7.1 % change on previous year | 10 |
| 2010s | 1.17 % change on previous year | -2.53 % change on previous year | 4.74 % change on previous year | 10 |
| 2020s | 1.19 % change on previous year | 0.2508 % change on previous year | 2 % change on previous year | 4 |
Countries ranked near Greenland
- 174 South Korea 1.01 % change on previous year compare
- 175 Russia 1 % change on previous year compare
- 176 Belgium 0.9831 % change on previous year compare
- 178 Faroe Islands 0.8437 % change on previous year compare
- 179 France 0.841 % change on previous year compare
- 180 Slovakia 0.8073 % change on previous year 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 (constant lcu), annual growth rate in Greenland?
- Gdp (constant lcu), annual growth rate in Greenland was 0.866 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 13.06 % change on previous year in 1971.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -11.72 % change on previous year in 1990.
- How does Greenland rank for gdp (constant lcu), annual growth rate?
- Greenland ranks 177th out of 213 countries with data for 2023.
- Is gdp (constant lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 166.7%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- 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
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.