Gross domestic product (GDP) in Greenland
Greenland: Gross domestic product (GDP) was 4.04 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
4.04 billion international-$ in 2021 prices
Change on year
up 0.9%
World rank
176th
of 198 countries
All-time high
4.04 billion international-$ in 2021 prices
in 2023
All-time low
1.91 billion international-$ in 2021 prices
in 1993
Years of data
34
1990–2023
Gross domestic product (GDP) in Greenland, 1990–2023
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Greenland recorded 4.04 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 34 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 4.04 billion international-$ in 2021 prices in 2023 and was at its lowest, 1.91 billion international-$ in 2021 prices, in 1993.
That places Greenland 176th out of 198 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.
Gross domestic product (GDP) in Greenland, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 2.12 billion international-$ in 2021 prices | — |
| 1991 | 2.12 billion international-$ in 2021 prices | -0.1% |
| 1992 | 2.01 billion international-$ in 2021 prices | -5.1% |
| 1993 | 1.91 billion international-$ in 2021 prices | -5.0% |
| 1994 | 2.02 billion international-$ in 2021 prices | +5.9% |
| 1995 | 2.10 billion international-$ in 2021 prices | +3.7% |
| 1996 | 2.13 billion international-$ in 2021 prices | +1.5% |
| 1997 | 2.16 billion international-$ in 2021 prices | +1.5% |
| 1998 | 2.33 billion international-$ in 2021 prices | +7.8% |
| 1999 | 2.36 billion international-$ in 2021 prices | +1.4% |
| 2000 | 2.53 billion international-$ in 2021 prices | +7.1% |
| 2001 | 2.56 billion international-$ in 2021 prices | +1.3% |
| 2002 | 2.54 billion international-$ in 2021 prices | -1.0% |
| 2003 | 2.65 billion international-$ in 2021 prices | +4.4% |
| 2004 | 2.83 billion international-$ in 2021 prices | +6.9% |
| 2005 | 2.97 billion international-$ in 2021 prices | +5.0% |
| 2006 | 3.14 billion international-$ in 2021 prices | +5.6% |
| 2007 | 3.21 billion international-$ in 2021 prices | +2.4% |
| 2008 | 3.41 billion international-$ in 2021 prices | +6.2% |
| 2009 | 3.44 billion international-$ in 2021 prices | +0.9% |
| 2010 | 3.50 billion international-$ in 2021 prices | +1.7% |
| 2011 | 3.48 billion international-$ in 2021 prices | -0.5% |
| 2012 | 3.53 billion international-$ in 2021 prices | +1.4% |
| 2013 | 3.48 billion international-$ in 2021 prices | -1.3% |
| 2014 | 3.65 billion international-$ in 2021 prices | +4.7% |
| 2015 | 3.56 billion international-$ in 2021 prices | -2.5% |
| 2016 | 3.72 billion international-$ in 2021 prices | +4.7% |
| 2017 | 3.72 billion international-$ in 2021 prices | +0.1% |
| 2018 | 3.75 billion international-$ in 2021 prices | +0.6% |
| 2019 | 3.85 billion international-$ in 2021 prices | +2.8% |
| 2020 | 3.86 billion international-$ in 2021 prices | +0.3% |
| 2021 | 3.93 billion international-$ in 2021 prices | +1.6% |
| 2022 | 4.00 billion international-$ in 2021 prices | +2.0% |
| 2023 | 4.04 billion international-$ in 2021 prices | +0.9% |
Greenland compared with similar countries
- Greenland's 4.04 billion international-$ in 2021 prices is below the median for high income countries, which is 209.44 billion international-$ in 2021 prices, 2% of the median. (74 countries reporting)
- Greenland's 4.04 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 249.10 billion international-$ in 2021 prices, 2% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.13 billion international-$ in 2021 prices | 1.91 billion international-$ in 2021 prices | 2.36 billion international-$ in 2021 prices | 10 |
| 2000s | 2.93 billion international-$ in 2021 prices | 2.53 billion international-$ in 2021 prices | 3.44 billion international-$ in 2021 prices | 10 |
| 2010s | 3.62 billion international-$ in 2021 prices | 3.48 billion international-$ in 2021 prices | 3.85 billion international-$ in 2021 prices | 10 |
| 2020s | 3.96 billion international-$ in 2021 prices | 3.86 billion international-$ in 2021 prices | 4.04 billion international-$ in 2021 prices | 4 |
Countries ranked near Greenland
- 173 United States Virgin Islands 4.90 billion international-$ in 2021 prices compare
- 174 Curacao 4.49 billion international-$ in 2021 prices compare
- 175 Saint Lucia 4.41 billion international-$ in 2021 prices compare
- 177 Faroe Islands 3.94 billion international-$ in 2021 prices compare
- 178 Seychelles 3.76 billion international-$ in 2021 prices compare
- 179 Comoros 3.20 billion international-$ in 2021 prices 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 4.04 billion international-$ in 2021 prices in 2023, according to Eurostat, OECD, IMF, and World Bank (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 4.04 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Greenland?
- The lowest recorded value was 1.91 billion international-$ in 2021 prices in 1993.
- How does Greenland rank for gross domestic product (gdp)?
- Greenland ranks 176th out of 198 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 Eurostat, OECD, IMF, and World Bank (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
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.