GDP in Greenland
Greenland: GDP was 16.26 billion constant LCU in 2023. ▲ Rising
GDP in Greenland, 1970–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gdp in Greenland is 16.26 billion constant LCU, measured in 2023. That is the highest value across all 54 years on record.
That represents a change of up 0.9% on the previous year and up 16.0% over ten years.
Over the whole period, gdp in Greenland peaked at 16.26 billion constant LCU in 2023 and was at its lowest, 4.09 billion constant LCU, in 1970.
That places Greenland 167th out of 215 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 LCU | Change |
|---|---|---|
| 1970 | 4.09 billion constant LCU | — |
| 1971 | 4.62 billion constant LCU | +13.1% |
| 1972 | 4.90 billion constant LCU | +6.2% |
| 1973 | 5.24 billion constant LCU | +6.8% |
| 1974 | 5.54 billion constant LCU | +5.7% |
| 1975 | 5.57 billion constant LCU | +0.6% |
| 1976 | 5.91 billion constant LCU | +6.0% |
| 1977 | 6.43 billion constant LCU | +8.8% |
| 1978 | 6.81 billion constant LCU | +6.0% |
| 1979 | 7.14 billion constant LCU | +4.9% |
| 1980 | 7.76 billion constant LCU | +8.7% |
| 1981 | 7.82 billion constant LCU | +0.7% |
| 1982 | 7.47 billion constant LCU | -4.4% |
| 1983 | 7.73 billion constant LCU | +3.5% |
| 1984 | 7.33 billion constant LCU | -5.2% |
| 1985 | 7.60 billion constant LCU | +3.7% |
| 1986 | 8.14 billion constant LCU | +7.1% |
| 1987 | 8.58 billion constant LCU | +5.5% |
| 1988 | 9.06 billion constant LCU | +5.6% |
| 1989 | 9.67 billion constant LCU | +6.7% |
| 1990 | 8.54 billion constant LCU | -11.7% |
| 1991 | 8.53 billion constant LCU | -0.1% |
| 1992 | 8.09 billion constant LCU | -5.1% |
| 1993 | 7.68 billion constant LCU | -5.0% |
| 1994 | 8.14 billion constant LCU | +5.9% |
| 1995 | 8.44 billion constant LCU | +3.7% |
| 1996 | 8.57 billion constant LCU | +1.5% |
| 1997 | 8.70 billion constant LCU | +1.5% |
| 1998 | 9.37 billion constant LCU | +7.8% |
| 1999 | 9.50 billion constant LCU | +1.4% |
| 2000 | 10.18 billion constant LCU | +7.1% |
| 2001 | 10.30 billion constant LCU | +1.3% |
| 2002 | 10.20 billion constant LCU | -1.0% |
| 2003 | 10.66 billion constant LCU | +4.4% |
| 2004 | 11.39 billion constant LCU | +6.9% |
| 2005 | 11.96 billion constant LCU | +5.0% |
| 2006 | 12.63 billion constant LCU | +5.6% |
| 2007 | 12.92 billion constant LCU | +2.4% |
| 2008 | 13.72 billion constant LCU | +6.2% |
| 2009 | 13.84 billion constant LCU | +0.9% |
| 2010 | 14.08 billion constant LCU | +1.7% |
| 2011 | 14.01 billion constant LCU | -0.5% |
| 2012 | 14.20 billion constant LCU | +1.4% |
| 2013 | 14.02 billion constant LCU | -1.3% |
| 2014 | 14.68 billion constant LCU | +4.7% |
| 2015 | 14.31 billion constant LCU | -2.5% |
| 2016 | 14.98 billion constant LCU | +4.7% |
| 2017 | 14.99 billion constant LCU | +0.1% |
| 2018 | 15.08 billion constant LCU | +0.6% |
| 2019 | 15.51 billion constant LCU | +2.8% |
| 2020 | 15.55 billion constant LCU | +0.3% |
| 2021 | 15.80 billion constant LCU | +1.6% |
| 2022 | 16.12 billion constant LCU | +2.0% |
| 2023 | 16.26 billion constant LCU | +0.9% |
Greenland compared with similar countries
- Greenland's 16.26 billion constant LCU is below the median for high income countries, which is 153.70 billion constant LCU, 11% of the median. (83 countries reporting)
- Greenland's 16.26 billion constant LCU is below the median for Europe & Central Asia, which is 330.26 billion constant LCU, 5% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.62 billion constant LCU | 4.09 billion constant LCU | 7.14 billion constant LCU | 10 |
| 1980s | 8.12 billion constant LCU | 7.33 billion constant LCU | 9.67 billion constant LCU | 10 |
| 1990s | 8.56 billion constant LCU | 7.68 billion constant LCU | 9.50 billion constant LCU | 10 |
| 2000s | 11.78 billion constant LCU | 10.18 billion constant LCU | 13.84 billion constant LCU | 10 |
| 2010s | 14.59 billion constant LCU | 14.01 billion constant LCU | 15.51 billion constant LCU | 10 |
| 2020s | 15.93 billion constant LCU | 15.55 billion constant LCU | 16.26 billion constant LCU | 4 |
Countries ranked near Greenland
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 16.26 billion constant LCU 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 16.26 billion constant LCU in 2023.
- What is the lowest gdp recorded in Greenland?
- The lowest recorded value was 4.09 billion constant LCU in 1970.
- How does Greenland rank for gdp?
- Greenland ranks 167th out of 215 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 LCU). 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 varies by country. This series is expressed in local currency units.