GDP per capita growth in Greenland
Greenland: GDP per capita growth was 0.5% in 2023. ◆ Volatile
GDP per capita growth in Greenland, 1971–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Greenland recorded 0.5% for gdp per capita growth in 2023.
The figure is down 74.7% on the previous year and up 169.4% over ten years.
Over the whole period, gdp per capita growth in Greenland peaked at 11.1% in 1971 and was at its lowest, -12.2%, in 1990.
That places Greenland 166th out of 213 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 per capita growth in Greenland, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 11.1% | — |
| 1972 | 3.8% | -66.3% |
| 1973 | 5.3% | +40.5% |
| 1974 | 4.6% | -12.2% |
| 1975 | 0.4% | -90.4% |
| 1976 | 5.7% | +1196.1% |
| 1977 | 9.5% | +65.0% |
| 1978 | 6.4% | -32.0% |
| 1979 | 4.0% | -37.7% |
| 1980 | 7.4% | +83.7% |
| 1981 | -0.9% | -112.4% |
| 1982 | -5.3% | +485.2% |
| 1983 | 2.3% | -142.4% |
| 1984 | -6.3% | -376.2% |
| 1985 | 2.7% | -142.9% |
| 1986 | 6.5% | +142.2% |
| 1987 | 4.3% | -33.1% |
| 1988 | 4.3% | -2.1% |
| 1989 | 5.7% | +33.9% |
| 1990 | -12.2% | -314.1% |
| 1991 | 0.1% | -100.5% |
| 1992 | -4.8% | -7269.5% |
| 1993 | -4.9% | +1.8% |
| 1994 | 5.4% | -210.2% |
| 1995 | 3.2% | -40.7% |
| 1996 | 1.3% | -57.5% |
| 1997 | 1.3% | -4.5% |
| 1998 | 7.6% | +487.5% |
| 1999 | 1.4% | -81.8% |
| 2000 | 6.9% | +403.6% |
| 2001 | 0.9% | -86.7% |
| 2002 | -1.3% | -246.6% |
| 2003 | 4.1% | -407.1% |
| 2004 | 6.6% | +60.0% |
| 2005 | 4.9% | -25.8% |
| 2006 | 5.9% | +19.0% |
| 2007 | 2.8% | -53.0% |
| 2008 | 6.6% | +139.7% |
| 2009 | 0.9% | -86.7% |
| 2010 | 1.4% | +55.0% |
| 2011 | -1.1% | -182.5% |
| 2012 | 1.5% | -237.3% |
| 2013 | -0.7% | -147.3% |
| 2014 | 5.1% | -800.5% |
| 2015 | -2.2% | -143.5% |
| 2016 | 4.5% | -305.3% |
| 2017 | 0.1% | -98.3% |
| 2018 | 0.9% | +1046.8% |
| 2019 | 2.5% | +176.5% |
| 2020 | -0.0% | -100.1% |
| 2021 | 1.1% | -63704.7% |
| 2022 | 2.0% | +77.5% |
| 2023 | 0.5% | -74.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.7% | 0.4% | 11.1% | 9 |
| 1980s | 2.1% | -6.3% | 7.4% | 10 |
| 1990s | -0.2% | -12.2% | 7.6% | 10 |
| 2000s | 3.8% | -1.3% | 6.9% | 10 |
| 2010s | 1.2% | -2.2% | 5.1% | 10 |
| 2020s | 0.9% | -0.0% | 2.0% | 4 |
Countries ranked near Greenland
- 163 France 0.6% compare
- 164 Cameroon 0.6% compare
- 165 Madagascar 0.6% compare
- 167 Faroe Islands 0.4% compare
- 168 Norway 0.4% compare
- 169 Switzerland 0.3% compare
More economy & growth data for Greenland
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- GDP (constant LCU), per unit of GDP 4.89 constant LCU per US$ of GDP (2023)
- GDP (constant LCU), per capita 285,947 constant LCU per person (2023)
Frequently asked questions
- What is gdp per capita growth in Greenland?
- Gdp per capita growth in Greenland was 0.5% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Greenland?
- The highest recorded value was 11.1% in 1971.
- What is the lowest gdp per capita growth recorded in Greenland?
- The lowest recorded value was -12.2% in 1990.
- How does Greenland rank for gdp per capita growth?
- Greenland ranks 166th out of 213 countries with data for 2023.
- Is gdp per capita growth rising or falling in Greenland?
- Over the last ten years it is up 169.4%. 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.