GDP in Greenland
Greenland: GDP was 22.92 billion current LCU in 2023. ◆ Volatile
Latest (2023)
22.92 billion current LCU
Change on year
up 2.7%
World rank
170th
of 214 countries
All-time high
22.92 billion current LCU
in 2023
All-time low
521.40 million current LCU
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 current LCU.
Analysis
In 2023, gdp in Greenland stood at 22.92 billion current LCU. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 2.7% on the previous year and up 52.0% over ten years.
Over the whole period, gdp in Greenland peaked at 22.92 billion current LCU in 2023 and was at its lowest, 521.40 million current LCU, in 1970.
Greenland ranks 170th of 214 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 521.40 million current LCU | — |
| 1971 | 656.98 million current LCU | +26.0% |
| 1972 | 737.33 million current LCU | +12.2% |
| 1973 | 847.86 million current LCU | +15.0% |
| 1974 | 1.04 billion current LCU | +22.1% |
| 1975 | 1.21 billion current LCU | +17.2% |
| 1976 | 1.46 billion current LCU | +19.9% |
| 1977 | 1.69 billion current LCU | +16.4% |
| 1978 | 1.96 billion current LCU | +15.9% |
| 1979 | 2.21 billion current LCU | +12.7% |
| 1980 | 2.68 billion current LCU | +21.2% |
| 1981 | 3.10 billion current LCU | +15.7% |
| 1982 | 3.35 billion current LCU | +8.0% |
| 1983 | 3.81 billion current LCU | +13.5% |
| 1984 | 3.93 billion current LCU | +3.2% |
| 1985 | 4.38 billion current LCU | +11.4% |
| 1986 | 4.88 billion current LCU | +11.5% |
| 1987 | 5.39 billion current LCU | +10.4% |
| 1988 | 6.05 billion current LCU | +12.3% |
| 1989 | 6.80 billion current LCU | +12.4% |
| 1990 | 6.31 billion current LCU | -7.2% |
| 1991 | 6.50 billion current LCU | +3.1% |
| 1992 | 6.26 billion current LCU | -3.6% |
| 1993 | 6.01 billion current LCU | -4.0% |
| 1994 | 6.40 billion current LCU | +6.4% |
| 1995 | 6.77 billion current LCU | +5.9% |
| 1996 | 6.94 billion current LCU | +2.5% |
| 1997 | 7.08 billion current LCU | +2.0% |
| 1998 | 7.71 billion current LCU | +8.8% |
| 1999 | 7.89 billion current LCU | +2.5% |
| 2000 | 8.63 billion current LCU | +9.4% |
| 2001 | 9.04 billion current LCU | +4.7% |
| 2002 | 9.23 billion current LCU | +2.1% |
| 2003 | 10.27 billion current LCU | +11.3% |
| 2004 | 10.92 billion current LCU | +6.3% |
| 2005 | 11.09 billion current LCU | +1.6% |
| 2006 | 11.97 billion current LCU | +7.9% |
| 2007 | 12.25 billion current LCU | +2.3% |
| 2008 | 12.74 billion current LCU | +4.0% |
| 2009 | 13.56 billion current LCU | +6.5% |
| 2010 | 14.08 billion current LCU | +3.8% |
| 2011 | 14.41 billion current LCU | +2.4% |
| 2012 | 15.12 billion current LCU | +4.9% |
| 2013 | 15.08 billion current LCU | -0.2% |
| 2014 | 15.95 billion current LCU | +5.8% |
| 2015 | 16.81 billion current LCU | +5.4% |
| 2016 | 18.22 billion current LCU | +8.4% |
| 2017 | 18.83 billion current LCU | +3.3% |
| 2018 | 19.30 billion current LCU | +2.5% |
| 2019 | 19.99 billion current LCU | +3.6% |
| 2020 | 20.21 billion current LCU | +1.1% |
| 2021 | 20.71 billion current LCU | +2.4% |
| 2022 | 22.31 billion current LCU | +7.7% |
| 2023 | 22.92 billion current LCU | +2.7% |
Greenland compared with similar countries
- Greenland's 22.92 billion current LCU is below the median for high income countries, which is 211.72 billion current LCU, 11% of the median. (82 countries reporting)
- Greenland's 22.92 billion current LCU is below the median for Europe & Central Asia, which is 433.17 billion current LCU, 5% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.23 billion current LCU | 521.40 million current LCU | 2.21 billion current LCU | 10 |
| 1980s | 4.44 billion current LCU | 2.68 billion current LCU | 6.80 billion current LCU | 10 |
| 1990s | 6.79 billion current LCU | 6.01 billion current LCU | 7.89 billion current LCU | 10 |
| 2000s | 10.97 billion current LCU | 8.63 billion current LCU | 13.56 billion current LCU | 10 |
| 2010s | 16.78 billion current LCU | 14.08 billion current LCU | 19.99 billion current LCU | 10 |
| 2020s | 21.54 billion current LCU | 20.21 billion current LCU | 22.92 billion current 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 22.92 billion current 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 22.92 billion current LCU in 2023.
- What is the lowest gdp recorded in Greenland?
- The lowest recorded value was 521.40 million current LCU in 1970.
- How does Greenland rank for gdp?
- Greenland ranks 170th out of 214 countries with data for 2023.
- Is gdp rising or falling in Greenland?
- Over the last ten years it is up 52.0%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.