GDP in Greenland
Greenland: GDP was 3.33 billion current US$ in 2023. ◆ Volatile
Latest (2023)
3.33 billion current US$
Change on year
up 5.5%
World rank
182nd
of 214 countries
All-time high
3.33 billion current US$
in 2023
All-time low
69.52 million current 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 current US$.
Analysis
Greenland recorded 3.33 billion current US$ for gdp in 2023. That is the highest value across all 54 years on record.
The figure is up 5.5% on the previous year and up 23.9% over ten years.
Over the whole period, gdp in Greenland peaked at 3.33 billion current US$ in 2023 and was at its lowest, 69.52 million current US$, in 1970.
That places Greenland 182nd out of 214 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 69.52 million current US$ | — |
| 1971 | 88.47 million current US$ | +27.3% |
| 1972 | 106.10 million current US$ | +19.9% |
| 1973 | 140.15 million current US$ | +32.1% |
| 1974 | 169.92 million current US$ | +21.2% |
| 1975 | 211.19 million current US$ | +24.3% |
| 1976 | 240.78 million current US$ | +14.0% |
| 1977 | 282.27 million current US$ | +17.2% |
| 1978 | 355.99 million current US$ | +26.1% |
| 1979 | 420.65 million current US$ | +18.2% |
| 1980 | 476.05 million current US$ | +13.2% |
| 1981 | 435.75 million current US$ | -8.5% |
| 1982 | 402.40 million current US$ | -7.7% |
| 1983 | 416.18 million current US$ | +3.4% |
| 1984 | 379.37 million current US$ | -8.8% |
| 1985 | 412.88 million current US$ | +8.8% |
| 1986 | 603.02 million current US$ | +46.1% |
| 1987 | 787.39 million current US$ | +30.6% |
| 1988 | 898.61 million current US$ | +14.1% |
| 1989 | 929.80 million current US$ | +3.5% |
| 1990 | 1.02 billion current US$ | +9.6% |
| 1991 | 1.02 billion current US$ | -0.2% |
| 1992 | 1.04 billion current US$ | +2.1% |
| 1993 | 927.21 million current US$ | -10.7% |
| 1994 | 1.01 billion current US$ | +8.5% |
| 1995 | 1.21 billion current US$ | +20.2% |
| 1996 | 1.20 billion current US$ | -0.9% |
| 1997 | 1.07 billion current US$ | -10.5% |
| 1998 | 1.15 billion current US$ | +7.2% |
| 1999 | 1.13 billion current US$ | -1.6% |
| 2000 | 1.07 billion current US$ | -5.6% |
| 2001 | 1.09 billion current US$ | +1.7% |
| 2002 | 1.17 billion current US$ | +7.6% |
| 2003 | 1.56 billion current US$ | +33.3% |
| 2004 | 1.82 billion current US$ | +16.9% |
| 2005 | 1.85 billion current US$ | +1.5% |
| 2006 | 2.01 billion current US$ | +8.8% |
| 2007 | 2.25 billion current US$ | +11.8% |
| 2008 | 2.50 billion current US$ | +11.1% |
| 2009 | 2.53 billion current US$ | +1.2% |
| 2010 | 2.50 billion current US$ | -1.1% |
| 2011 | 2.68 billion current US$ | +7.2% |
| 2012 | 2.61 billion current US$ | -2.8% |
| 2013 | 2.68 billion current US$ | +2.9% |
| 2014 | 2.84 billion current US$ | +5.9% |
| 2015 | 2.50 billion current US$ | -12.1% |
| 2016 | 2.71 billion current US$ | +8.3% |
| 2017 | 2.85 billion current US$ | +5.3% |
| 2018 | 3.06 billion current US$ | +7.2% |
| 2019 | 3.00 billion current US$ | -1.9% |
| 2020 | 3.09 billion current US$ | +3.1% |
| 2021 | 3.29 billion current US$ | +6.6% |
| 2022 | 3.15 billion current US$ | -4.3% |
| 2023 | 3.33 billion current US$ | +5.5% |
Greenland compared with similar countries
- Greenland's 3.33 billion current US$ is below the median for high income countries, which is 102.03 billion current US$, 3% of the median. (82 countries reporting)
- Greenland's 3.33 billion current US$ is below the median for Europe & Central Asia, which is 103.11 billion current US$, 3% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 208.50 million current US$ | 69.52 million current US$ | 420.65 million current US$ | 10 |
| 1980s | 574.14 million current US$ | 379.37 million current US$ | 929.80 million current US$ | 10 |
| 1990s | 1.08 billion current US$ | 927.21 million current US$ | 1.21 billion current US$ | 10 |
| 2000s | 1.78 billion current US$ | 1.07 billion current US$ | 2.53 billion current US$ | 10 |
| 2010s | 2.74 billion current US$ | 2.50 billion current US$ | 3.06 billion current US$ | 10 |
| 2020s | 3.22 billion current US$ | 3.09 billion current US$ | 3.33 billion current US$ | 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 3.33 billion current 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 3.33 billion current US$ in 2023.
- What is the lowest gdp recorded in Greenland?
- The lowest recorded value was 69.52 million current US$ in 1970.
- How does Greenland rank for gdp?
- Greenland ranks 182nd out of 214 countries with data for 2023.
- Is gdp rising or falling in Greenland?
- Over the last ten years it is up 23.9%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.