Gross domestic product (GDP) in Greenland
Greenland: Gross domestic product (GDP) was 2.84 billion constant 2015 US$ in 2023. ▲ Rising
Latest (2023)
2.84 billion constant 2015 US$
Change on year
up 0.9%
World rank
176th
of 209 countries
All-time high
2.84 billion constant 2015 US$
in 2023
All-time low
713.41 million constant 2015 US$
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Greenland, 1970–2023
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2023, gross domestic product (gdp) in Greenland stood at 2.84 billion constant 2015 US$. That is the highest value across all 54 years on record.
The figure is up 0.9% on the previous year and up 16.0% over ten years.
Over the whole period, gross domestic product (gdp) in Greenland peaked at 2.84 billion constant 2015 US$ in 2023 and was at its lowest, 713.41 million constant 2015 US$, in 1970.
That places Greenland 176th out of 209 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Gross domestic product (GDP) in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 713.41 million constant 2015 US$ | — |
| 1971 | 806.59 million constant 2015 US$ | +13.1% |
| 1972 | 856.41 million constant 2015 US$ | +6.2% |
| 1973 | 914.70 million constant 2015 US$ | +6.8% |
| 1974 | 966.89 million constant 2015 US$ | +5.7% |
| 1975 | 973.14 million constant 2015 US$ | +0.6% |
| 1976 | 1.03 billion constant 2015 US$ | +6.0% |
| 1977 | 1.12 billion constant 2015 US$ | +8.8% |
| 1978 | 1.19 billion constant 2015 US$ | +6.0% |
| 1979 | 1.25 billion constant 2015 US$ | +4.9% |
| 1980 | 1.36 billion constant 2015 US$ | +8.7% |
| 1981 | 1.36 billion constant 2015 US$ | +0.7% |
| 1982 | 1.30 billion constant 2015 US$ | -4.4% |
| 1983 | 1.35 billion constant 2015 US$ | +3.5% |
| 1984 | 1.28 billion constant 2015 US$ | -5.2% |
| 1985 | 1.33 billion constant 2015 US$ | +3.7% |
| 1986 | 1.42 billion constant 2015 US$ | +7.1% |
| 1987 | 1.50 billion constant 2015 US$ | +5.5% |
| 1988 | 1.58 billion constant 2015 US$ | +5.6% |
| 1989 | 1.69 billion constant 2015 US$ | +6.7% |
| 1990 | 1.49 billion constant 2015 US$ | -11.7% |
| 1991 | 1.49 billion constant 2015 US$ | -0.1% |
| 1992 | 1.41 billion constant 2015 US$ | -5.1% |
| 1993 | 1.34 billion constant 2015 US$ | -5.0% |
| 1994 | 1.42 billion constant 2015 US$ | +5.9% |
| 1995 | 1.47 billion constant 2015 US$ | +3.7% |
| 1996 | 1.50 billion constant 2015 US$ | +1.5% |
| 1997 | 1.52 billion constant 2015 US$ | +1.5% |
| 1998 | 1.64 billion constant 2015 US$ | +7.8% |
| 1999 | 1.66 billion constant 2015 US$ | +1.4% |
| 2000 | 1.78 billion constant 2015 US$ | +7.1% |
| 2001 | 1.80 billion constant 2015 US$ | +1.3% |
| 2002 | 1.78 billion constant 2015 US$ | -1.0% |
| 2003 | 1.86 billion constant 2015 US$ | +4.4% |
| 2004 | 1.99 billion constant 2015 US$ | +6.9% |
| 2005 | 2.09 billion constant 2015 US$ | +5.0% |
| 2006 | 2.20 billion constant 2015 US$ | +5.6% |
| 2007 | 2.26 billion constant 2015 US$ | +2.4% |
| 2008 | 2.40 billion constant 2015 US$ | +6.2% |
| 2009 | 2.42 billion constant 2015 US$ | +0.9% |
| 2010 | 2.46 billion constant 2015 US$ | +1.7% |
| 2011 | 2.45 billion constant 2015 US$ | -0.5% |
| 2012 | 2.48 billion constant 2015 US$ | +1.4% |
| 2013 | 2.45 billion constant 2015 US$ | -1.3% |
| 2014 | 2.56 billion constant 2015 US$ | +4.7% |
| 2015 | 2.50 billion constant 2015 US$ | -2.5% |
| 2016 | 2.62 billion constant 2015 US$ | +4.7% |
| 2017 | 2.62 billion constant 2015 US$ | +0.1% |
| 2018 | 2.63 billion constant 2015 US$ | +0.6% |
| 2019 | 2.71 billion constant 2015 US$ | +2.8% |
| 2020 | 2.72 billion constant 2015 US$ | +0.3% |
| 2021 | 2.76 billion constant 2015 US$ | +1.6% |
| 2022 | 2.81 billion constant 2015 US$ | +2.0% |
| 2023 | 2.84 billion constant 2015 US$ | +0.9% |
Greenland compared with similar countries
- Greenland's 2.84 billion constant 2015 US$ is below the median for high income countries, which is 76.03 billion constant 2015 US$, 4% of the median. (80 countries reporting)
- Greenland's 2.84 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 71.17 billion constant 2015 US$, 4% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 982.14 million constant 2015 US$ | 713.41 million constant 2015 US$ | 1.25 billion constant 2015 US$ | 10 |
| 1980s | 1.42 billion constant 2015 US$ | 1.28 billion constant 2015 US$ | 1.69 billion constant 2015 US$ | 10 |
| 1990s | 1.49 billion constant 2015 US$ | 1.34 billion constant 2015 US$ | 1.66 billion constant 2015 US$ | 10 |
| 2000s | 2.06 billion constant 2015 US$ | 1.78 billion constant 2015 US$ | 2.42 billion constant 2015 US$ | 10 |
| 2010s | 2.55 billion constant 2015 US$ | 2.45 billion constant 2015 US$ | 2.71 billion constant 2015 US$ | 10 |
| 2020s | 2.78 billion constant 2015 US$ | 2.72 billion constant 2015 US$ | 2.84 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 173 Andorra 3.51 billion constant 2015 US$ compare
- 174 Faroe Islands 3.24 billion constant 2015 US$ compare
- 175 Bhutan 3.18 billion constant 2015 US$ compare
- 177 Curacao 2.81 billion constant 2015 US$ compare
- 178 Belize 2.70 billion constant 2015 US$ compare
- 179 Turks and Caicos Islands 2.66 billion constant 2015 US$ compare
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 gross domestic product (gdp) in Greenland?
- Gross domestic product (gdp) in Greenland was 2.84 billion constant 2015 US$ in 2023, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Greenland?
- The highest recorded value was 2.84 billion constant 2015 US$ in 2023.
- What is the lowest gross domestic product (gdp) recorded in Greenland?
- The lowest recorded value was 713.41 million constant 2015 US$ in 1970.
- How does Greenland rank for gross domestic product (gdp)?
- Greenland ranks 176th out of 209 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Greenland?
- Over the last ten years it is up 16.0%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.