General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 2.2% in 2023. ◆ Volatile
General government final consumption expenditure in Greenland, 2004–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for general government final consumption expenditure in Greenland is 2.2%, measured in 2023.
The figure is up 225.5% on the previous year and down 47.3% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 6.0% in 2008 and was at its lowest, -2.9%, in 2020.
That places Greenland 92nd out of 174 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Greenland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2004 | 1.0% | — |
| 2005 | -1.3% | -221.1% |
| 2006 | 4.7% | -477.5% |
| 2007 | 0.4% | -90.6% |
| 2008 | 6.0% | +1238.2% |
| 2009 | 5.9% | -1.2% |
| 2010 | -2.5% | -142.0% |
| 2011 | -0.1% | -97.8% |
| 2012 | 1.0% | -1887.1% |
| 2013 | 4.1% | +322.3% |
| 2014 | -0.2% | -104.6% |
| 2015 | -0.6% | +194.5% |
| 2016 | 1.8% | -417.6% |
| 2017 | 1.7% | -6.3% |
| 2018 | 3.0% | +81.7% |
| 2019 | 4.0% | +32.9% |
| 2020 | -2.9% | -172.2% |
| 2021 | 2.3% | -178.4% |
| 2022 | -1.7% | -176.5% |
| 2023 | 2.2% | -225.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | -1.3% | 6.0% | 6 |
| 2010s | 1.2% | -2.5% | 4.1% | 10 |
| 2020s | -0.0% | -2.9% | 2.3% | 4 |
Countries ranked near Greenland
- 89 Bangladesh 2.3% compare
- 90 Kuwait 2.3% compare
- 91 Azerbaijan 2.2% compare
- 93 Czechia 2.1% compare
- 94 Kyrgyzstan 2.1% compare
- 95 Brazil 2.1% compare
More economy & growth data for Greenland
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Net primary income (Net income from abroad) (current US$), annual 41.62 % change on previous year (2007)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8491 constant 2015 US$ per US$ of GDP (2023)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
Frequently asked questions
- What is general government final consumption expenditure in Greenland?
- General government final consumption expenditure in Greenland was 2.2% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Greenland?
- The highest recorded value was 6.0% in 2008.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was -2.9% in 2020.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 92nd out of 174 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is down 47.3%. 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 General government final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.