GDP in Greenland
Greenland: GDP was 22.92 billion current LCU in 2023. ◆ Volatile
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 213 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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
- 167 Eritrea 31.75 billion current LCU compare
- 168 Faroe Islands 27.94 billion current LCU compare
- 171 Sao Tome and Principe 21.28 billion current LCU compare
- 172 Brunei 19.66 billion current LCU compare
- 173 Bahrain 18.41 billion current LCU compare
More economy & growth data for Greenland
- Services, value added 10.29 billion constant LCU (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Industry (including construction), value added 18.4% (2023)
- Services, value added 2.03 billion current US$ (2023)
- Services, value added 13.98 billion current LCU (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Services, value added 2.2% (2023)
- Net secondary income (Net current transfers from abroad) 3.48 billion current LCU (2002)
- DEC alternative conversion factor 6.62 LCU per US$ (2025)
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 213 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.
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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.