GDP per capita in Greenland
Greenland: GDP per capita was 58,499 current US$ in 2023. ◆ Volatile
GDP per capita in Greenland, 1970–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gdp per capita in Greenland is 58,499 current US$, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 23.1% over ten years.
Over the whole period, gdp per capita in Greenland peaked at 58,499 current US$ in 2023 and was at its lowest, 1,498 current US$, in 1970.
Greenland ranks 26th of 214 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1,498 current US$ | — |
| 1971 | 1,874 current US$ | +25.1% |
| 1972 | 2,197 current US$ | +17.2% |
| 1973 | 2,860 current US$ | +30.2% |
| 1974 | 3,433 current US$ | +20.0% |
| 1975 | 4,258 current US$ | +24.0% |
| 1976 | 4,845 current US$ | +13.8% |
| 1977 | 5,714 current US$ | +17.9% |
| 1978 | 7,236 current US$ | +26.6% |
| 1979 | 8,481 current US$ | +17.2% |
| 1980 | 9,483 current US$ | +11.8% |
| 1981 | 8,544 current US$ | -9.9% |
| 1982 | 7,814 current US$ | -8.5% |
| 1983 | 7,988 current US$ | +2.2% |
| 1984 | 7,199 current US$ | -9.9% |
| 1985 | 7,761 current US$ | +7.8% |
| 1986 | 11,271 current US$ | +45.2% |
| 1987 | 14,554 current US$ | +29.1% |
| 1988 | 16,398 current US$ | +12.7% |
| 1989 | 16,814 current US$ | +2.5% |
| 1990 | 18,327 current US$ | +9.0% |
| 1991 | 18,315 current US$ | -0.1% |
| 1992 | 18,769 current US$ | +2.5% |
| 1993 | 16,797 current US$ | -10.5% |
| 1994 | 18,124 current US$ | +7.9% |
| 1995 | 21,666 current US$ | +19.5% |
| 1996 | 21,422 current US$ | -1.1% |
| 1997 | 19,146 current US$ | -10.6% |
| 1998 | 20,497 current US$ | +7.1% |
| 1999 | 20,170 current US$ | -1.6% |
| 2000 | 19,009 current US$ | -5.8% |
| 2001 | 19,266 current US$ | +1.3% |
| 2002 | 20,658 current US$ | +7.2% |
| 2003 | 27,467 current US$ | +33.0% |
| 2004 | 32,031 current US$ | +16.6% |
| 2005 | 32,490 current US$ | +1.4% |
| 2006 | 35,458 current US$ | +9.1% |
| 2007 | 39,781 current US$ | +12.2% |
| 2008 | 44,367 current US$ | +11.5% |
| 2009 | 44,919 current US$ | +1.2% |
| 2010 | 44,277 current US$ | -1.4% |
| 2011 | 47,187 current US$ | +6.6% |
| 2012 | 45,937 current US$ | -2.6% |
| 2013 | 47,536 current US$ | +3.5% |
| 2014 | 50,485 current US$ | +6.2% |
| 2015 | 44,536 current US$ | -11.8% |
| 2016 | 48,182 current US$ | +8.2% |
| 2017 | 50,766 current US$ | +5.4% |
| 2018 | 54,545 current US$ | +7.4% |
| 2019 | 53,309 current US$ | -2.3% |
| 2020 | 54,813 current US$ | +2.8% |
| 2021 | 58,136 current US$ | +6.1% |
| 2022 | 55,635 current US$ | -4.3% |
| 2023 | 58,499 current US$ | +5.1% |
Greenland compared with similar countries
- Greenland's 58,499 current US$ is above the median for high income countries, which is 39,041 current US$, 1.5× the median. (82 countries reporting)
- Greenland's 58,499 current US$ is above the median for Europe & Central Asia, which is 32,520 current US$, 1.8× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,240 current US$ | 1,498 current US$ | 8,481 current US$ | 10 |
| 1980s | 10,783 current US$ | 7,199 current US$ | 16,814 current US$ | 10 |
| 1990s | 19,323 current US$ | 16,797 current US$ | 21,666 current US$ | 10 |
| 2000s | 31,544 current US$ | 19,009 current US$ | 44,919 current US$ | 10 |
| 2010s | 48,676 current US$ | 44,277 current US$ | 54,545 current US$ | 10 |
| 2020s | 56,771 current US$ | 54,813 current US$ | 58,499 current US$ | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (constant 2015 US$), per unit of GDP 1 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
Frequently asked questions
- What is gdp per capita in Greenland?
- Gdp per capita in Greenland was 58,499 current US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Greenland?
- The highest recorded value was 58,499 current US$ in 2023.
- What is the lowest gdp per capita recorded in Greenland?
- The lowest recorded value was 1,498 current US$ in 1970.
- How does Greenland rank for gdp per capita?
- Greenland ranks 26th out of 214 countries with data for 2023.
- Is gdp per capita rising or falling in Greenland?
- Over the last ten years it is up 23.1%. 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 per capita (current US$). 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. The core indicator has been divided by the general population to achieve a per capita estimate.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.