GDP, PPP in Greenland
Greenland: GDP, PPP was 4.49 billion current international $ in 2023. ▲ Rising
GDP, PPP in Greenland, 1990–2023
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2023, gdp, ppp in Greenland stood at 4.49 billion current international $. That is the highest value across all 34 years on record.
That represents a change of up 4.6% on the previous year and up 50.2% over ten years.
Over the whole period, gdp, ppp in Greenland peaked at 4.49 billion current international $ in 2023 and was at its lowest, 1.11 billion current international $, in 1993.
That places Greenland 182nd out of 204 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, PPP in Greenland, year by year
| Year | current international $ | Change |
|---|---|---|
| 1990 | 1.14 billion current international $ | — |
| 1991 | 1.18 billion current international $ | +3.3% |
| 1992 | 1.14 billion current international $ | -2.9% |
| 1993 | 1.11 billion current international $ | -2.8% |
| 1994 | 1.20 billion current international $ | +8.2% |
| 1995 | 1.27 billion current international $ | +5.9% |
| 1996 | 1.31 billion current international $ | +3.4% |
| 1997 | 1.36 billion current international $ | +3.2% |
| 1998 | 1.48 billion current international $ | +9.0% |
| 1999 | 1.52 billion current international $ | +2.8% |
| 2000 | 1.66 billion current international $ | +9.5% |
| 2001 | 1.72 billion current international $ | +3.5% |
| 2002 | 1.73 billion current international $ | +0.6% |
| 2003 | 1.85 billion current international $ | +6.5% |
| 2004 | 2.03 billion current international $ | +9.8% |
| 2005 | 2.19 billion current international $ | +8.3% |
| 2006 | 2.39 billion current international $ | +8.8% |
| 2007 | 2.51 billion current international $ | +5.1% |
| 2008 | 2.72 billion current international $ | +8.2% |
| 2009 | 2.76 billion current international $ | +1.5% |
| 2010 | 2.84 billion current international $ | +3.0% |
| 2011 | 2.88 billion current international $ | +1.6% |
| 2012 | 2.98 billion current international $ | +3.3% |
| 2013 | 2.99 billion current international $ | +0.4% |
| 2014 | 3.18 billion current international $ | +6.6% |
| 2015 | 3.13 billion current international $ | -1.6% |
| 2016 | 3.31 billion current international $ | +5.7% |
| 2017 | 3.37 billion current international $ | +1.8% |
| 2018 | 3.46 billion current international $ | +2.7% |
| 2019 | 3.61 billion current international $ | +4.4% |
| 2020 | 3.66 billion current international $ | +1.4% |
| 2021 | 3.93 billion current international $ | +7.2% |
| 2022 | 4.29 billion current international $ | +9.3% |
| 2023 | 4.49 billion current international $ | +4.6% |
Greenland compared with similar countries
- Greenland's 4.49 billion current international $ is below the median for high income countries, which is 249.67 billion current international $, 2% of the median. (74 countries reporting)
- Greenland's 4.49 billion current international $ is below the median for Europe & Central Asia, which is 285.97 billion current international $, 2% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.27 billion current international $ | 1.11 billion current international $ | 1.52 billion current international $ | 10 |
| 2000s | 2.16 billion current international $ | 1.66 billion current international $ | 2.76 billion current international $ | 10 |
| 2010s | 3.18 billion current international $ | 2.84 billion current international $ | 3.61 billion current international $ | 10 |
| 2020s | 4.09 billion current international $ | 3.66 billion current international $ | 4.49 billion current international $ | 4 |
Countries ranked near Greenland
- 179 Eritrea 5.22 billion current international $ compare
- 180 Saint Lucia 5.17 billion current international $ compare
- 181 Curacao 5.11 billion current international $ compare
- 183 Faroe Islands 4.49 billion current international $ compare
- 184 Seychelles 4.40 billion current international $ compare
- 185 Comoros 3.74 billion current international $ compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (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)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gdp, ppp in Greenland?
- Gdp, ppp in Greenland was 4.49 billion current international $ in 2023, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Greenland?
- The highest recorded value was 4.49 billion current international $ in 2023.
- What is the lowest gdp, ppp recorded in Greenland?
- The lowest recorded value was 1.11 billion current international $ in 1993.
- How does Greenland rank for gdp, ppp?
- Greenland ranks 182nd out of 204 countries with data for 2023.
- Is gdp, ppp rising or falling in Greenland?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.