GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Greenland
Greenland: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 1.93 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Greenland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Greenland stood at 1.93 % change on previous year.
Compared with earlier readings it is up 826.8% on the previous year and up 95.1% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Greenland peaked at 16.43 % change on previous year in 1975 and was at its lowest, -3.23 % change on previous year, in 2005.
Greenland ranks 160th of 209 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 Deflator — Value Standard Local Currency, 2015 prices, annual in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.45 % change on previous year | — |
| 1972 | 5.7 % change on previous year | -50.2% |
| 1973 | 7.66 % change on previous year | +34.4% |
| 1974 | 15.55 % change on previous year | +103.0% |
| 1975 | 16.43 % change on previous year | +5.6% |
| 1976 | 13.19 % change on previous year | -19.7% |
| 1977 | 6.98 % change on previous year | -47.1% |
| 1978 | 9.28 % change on previous year | +32.9% |
| 1979 | 7.5 % change on previous year | -19.1% |
| 1980 | 11.56 % change on previous year | +54.1% |
| 1981 | 14.93 % change on previous year | +29.1% |
| 1982 | 13.02 % change on previous year | -12.8% |
| 1983 | 9.72 % change on previous year | -25.3% |
| 1984 | 8.87 % change on previous year | -8.7% |
| 1985 | 7.42 % change on previous year | -16.3% |
| 1986 | 4.13 % change on previous year | -44.4% |
| 1987 | 4.62 % change on previous year | +11.9% |
| 1988 | 6.35 % change on previous year | +37.4% |
| 1989 | 5.35 % change on previous year | -15.8% |
| 1990 | 5.09 % change on previous year | -4.8% |
| 1991 | 3.23 % change on previous year | -36.7% |
| 1992 | 1.55 % change on previous year | -52.1% |
| 1993 | 1.04 % change on previous year | -32.6% |
| 1994 | 0.4684 % change on previous year | -55.1% |
| 1995 | 2.06 % change on previous year | +338.9% |
| 1996 | 0.9802 % change on previous year | -52.3% |
| 1997 | 0.4967 % change on previous year | -49.3% |
| 1998 | 0.9784 % change on previous year | +97.0% |
| 1999 | 1.06 % change on previous year | +8.4% |
| 2000 | 2.11 % change on previous year | +99.0% |
| 2001 | 3.4 % change on previous year | +61.2% |
| 2002 | 3.1 % change on previous year | -8.8% |
| 2003 | 2.2 % change on previous year | -29.2% |
| 2004 | -0.5385 % change on previous year | -124.5% |
| 2005 | -3.23 % change on previous year | +499.7% |
| 2006 | 2.24 % change on previous year | -169.3% |
| 2007 | -0.0476 % change on previous year | -102.1% |
| 2008 | -2.01 % change on previous year | +4132.2% |
| 2009 | 5.54 % change on previous year | -375.1% |
| 2010 | 2.03 % change on previous year | -63.4% |
| 2011 | 2.88 % change on previous year | +42.3% |
| 2012 | 3.45 % change on previous year | +19.4% |
| 2013 | 1.07 % change on previous year | -69.0% |
| 2014 | 0.9897 % change on previous year | -7.3% |
| 2015 | 8.14 % change on previous year | +722.9% |
| 2016 | 3.54 % change on previous year | -56.6% |
| 2017 | 3.27 % change on previous year | -7.7% |
| 2018 | 1.85 % change on previous year | -43.4% |
| 2019 | 0.7448 % change on previous year | -59.7% |
| 2020 | 0.7028 % change on previous year | -5.6% |
| 2021 | -0.4164 % change on previous year | -159.2% |
| 2022 | 0.3427 % change on previous year | -182.3% |
| 2023 | 0.2083 % change on previous year | -39.2% |
| 2024 | 1.93 % change on previous year | +826.8% |
Greenland compared with similar countries
- Greenland's 1.93 % change on previous year is below the median for high income countries, which is 2.83 % change on previous year, 68% of the median. (68 countries reporting)
- Greenland's 1.93 % change on previous year is below the median for Europe & Central Asia, which is 3.37 % change on previous year, 57% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 2008 | -4132.2% | -0.0476 % change on previous year | -2.01 % change on previous year |
| 2024 | +826.8% | 0.2083 % change on previous year | 1.93 % change on previous year |
| 2015 | +722.9% | 0.9897 % change on previous year | 8.14 % change on previous year |
| 2005 | -499.7% | -0.5385 % change on previous year | -3.23 % change on previous year |
| 2009 | +375.1% | -2.01 % change on previous year | 5.54 % change on previous year |
| 1995 | +338.9% | 0.4684 % change on previous year | 2.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.42 % change on previous year | 5.7 % change on previous year | 16.43 % change on previous year | 9 |
| 1980s | 8.6 % change on previous year | 4.13 % change on previous year | 14.93 % change on previous year | 10 |
| 1990s | 1.69 % change on previous year | 0.4684 % change on previous year | 5.09 % change on previous year | 10 |
| 2000s | 1.28 % change on previous year | -3.23 % change on previous year | 5.54 % change on previous year | 10 |
| 2010s | 2.8 % change on previous year | 0.7448 % change on previous year | 8.14 % change on previous year | 10 |
| 2020s | 0.5537 % change on previous year | -0.4164 % change on previous year | 1.93 % change on previous year | 5 |
Countries ranked near Greenland
- 157 Kiribati 2.02 % change on previous year compare
- 158 Trinidad and Tobago 1.99 % change on previous year compare
- 159 Belgium 1.94 % change on previous year compare
- 161 Jordan 1.9 % change on previous year compare
- 162 Denmark 1.82 % change on previous year compare
- 163 El Salvador 1.81 % change on previous year compare
More economy & growth data for Greenland
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- General government final consumption expenditure (current LCU) 3.81 % change on previous year (2023)
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.24 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices, annual in Greenland?
- Gdp deflator — value standard local currency, 2015 prices, annual in Greenland was 1.93 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Greenland?
- The highest recorded value was 16.43 % change on previous year in 1975.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Greenland?
- The lowest recorded value was -3.23 % change on previous year in 2005.
- How does Greenland rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Greenland ranks 160th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Greenland?
- Over the last ten years it is up 95.1%. 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 Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.