GDP: linked series in Greenland
Greenland: GDP: linked series was 22.92 billion current LCU in 2023. ▲ Rising
GDP: linked series in Greenland, 1990–2023
Source: Staff estimates, World Bank (WB). Measured in current LCU.
Analysis
The most recent figure for gdp: linked series in Greenland is 22.92 billion current LCU, measured in 2023. That is the highest value across all 34 years on record.
That represents a change of up 2.7% on the previous year and up 52.0% over ten years.
Over the whole period, gdp: linked series in Greenland peaked at 22.92 billion current LCU in 2023 and was at its lowest, 6.01 billion current LCU, in 1993.
That places Greenland 170th out of 214 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
GDP: linked series in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 6.31 billion current LCU | — |
| 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 |
|---|---|---|---|---|
| 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: linked series in Greenland?
- Gdp: linked series in Greenland was 22.92 billion current LCU in 2023, according to Staff estimates, World Bank (WB).
- What is the highest gdp: linked series recorded in Greenland?
- The highest recorded value was 22.92 billion current LCU in 2023.
- What is the lowest gdp: linked series recorded in Greenland?
- The lowest recorded value was 6.01 billion current LCU in 1993.
- How does Greenland rank for gdp: linked series?
- Greenland ranks 170th out of 214 countries with data for 2023.
- Is gdp: linked series rising or falling in Greenland?
- Over the last ten years it is up 52.0%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of GDP: linked series (current LCU). Statizoid updates them automatically from the source API.
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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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. 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.