General government final consumption expenditure (constant 2015 US$) in Greenland
Greenland: General government final consumption expenditure (constant 2015 US$) was 1.22 billion constant 2015 US$ in 2023. ▲ Rising
General government final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2023, general government final consumption expenditure in Greenland stood at 1.22 billion constant 2015 US$.
The figure is up 2.2% on the previous year and up 9.7% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 1.22 billion constant 2015 US$ in 2019 and was at its lowest, 919.93 million constant 2015 US$, in 2005.
That places Greenland 137th out of 168 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
General government final consumption expenditure (constant 2015 US$) in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 922.07 million constant 2015 US$ | — |
| 2004 | 931.63 million constant 2015 US$ | +1.0% |
| 2005 | 919.93 million constant 2015 US$ | -1.3% |
| 2006 | 963.54 million constant 2015 US$ | +4.7% |
| 2007 | 967.83 million constant 2015 US$ | +0.4% |
| 2008 | 1.03 billion constant 2015 US$ | +6.0% |
| 2009 | 1.09 billion constant 2015 US$ | +5.9% |
| 2010 | 1.06 billion constant 2015 US$ | -2.5% |
| 2011 | 1.06 billion constant 2015 US$ | -0.1% |
| 2012 | 1.07 billion constant 2015 US$ | +1.0% |
| 2013 | 1.11 billion constant 2015 US$ | +4.1% |
| 2014 | 1.11 billion constant 2015 US$ | -0.2% |
| 2015 | 1.10 billion constant 2015 US$ | -0.6% |
| 2016 | 1.12 billion constant 2015 US$ | +1.8% |
| 2017 | 1.14 billion constant 2015 US$ | +1.7% |
| 2018 | 1.18 billion constant 2015 US$ | +3.0% |
| 2019 | 1.22 billion constant 2015 US$ | +4.0% |
| 2020 | 1.19 billion constant 2015 US$ | -2.9% |
| 2021 | 1.22 billion constant 2015 US$ | +2.3% |
| 2022 | 1.19 billion constant 2015 US$ | -1.7% |
| 2023 | 1.22 billion constant 2015 US$ | +2.2% |
Greenland compared with similar countries
- Greenland's 1.22 billion constant 2015 US$ is below the median for high income countries, which is 41.36 billion constant 2015 US$, 3% of the median. (60 countries reporting)
- Greenland's 1.22 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 18.73 billion constant 2015 US$, 7% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 973.77 million constant 2015 US$ | 919.93 million constant 2015 US$ | 1.09 billion constant 2015 US$ | 7 |
| 2010s | 1.12 billion constant 2015 US$ | 1.06 billion constant 2015 US$ | 1.22 billion constant 2015 US$ | 10 |
| 2020s | 1.21 billion constant 2015 US$ | 1.19 billion constant 2015 US$ | 1.22 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 134 Moldova 1.24 billion constant 2015 US$ compare
- 135 Kosovo 1.22 billion constant 2015 US$ compare
- 135 Kosovo (UNSCR 1244) 1.22 billion constant 2015 US$ compare
- 138 Lebanon 1.21 billion constant 2015 US$ compare
- 139 United States Virgin Islands 1.21 billion constant 2015 US$ compare
- 140 Togo 1.20 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 general government final consumption expenditure in Greenland?
- General government final consumption expenditure in Greenland was 1.22 billion constant 2015 US$ 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 1.22 billion constant 2015 US$ in 2019.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 919.93 million constant 2015 US$ in 2005.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 137th out of 168 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.