General government final consumption expenditure (constant LCU) in Greenland
Greenland: General government final consumption expenditure (constant LCU) was 7.60 billion constant LCU 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 LCU.
Analysis
The most recent figure for general government final consumption expenditure in Greenland is 7.60 billion constant LCU, measured in 2023.
That represents a change of 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 7.62 billion constant LCU in 2019 and was at its lowest, 5.72 billion constant LCU, in 2005.
Greenland ranks 143rd of 176 countries on this measure, 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 LCU) in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 5.74 billion constant LCU | — |
| 2004 | 5.80 billion constant LCU | +1.0% |
| 2005 | 5.72 billion constant LCU | -1.3% |
| 2006 | 6.00 billion constant LCU | +4.7% |
| 2007 | 6.02 billion constant LCU | +0.4% |
| 2008 | 6.38 billion constant LCU | +6.0% |
| 2009 | 6.76 billion constant LCU | +5.9% |
| 2010 | 6.59 billion constant LCU | -2.5% |
| 2011 | 6.59 billion constant LCU | -0.1% |
| 2012 | 6.65 billion constant LCU | +1.0% |
| 2013 | 6.93 billion constant LCU | +4.1% |
| 2014 | 6.91 billion constant LCU | -0.2% |
| 2015 | 6.87 billion constant LCU | -0.6% |
| 2016 | 7.00 billion constant LCU | +1.8% |
| 2017 | 7.11 billion constant LCU | +1.7% |
| 2018 | 7.33 billion constant LCU | +3.0% |
| 2019 | 7.62 billion constant LCU | +4.0% |
| 2020 | 7.40 billion constant LCU | -2.9% |
| 2021 | 7.57 billion constant LCU | +2.3% |
| 2022 | 7.44 billion constant LCU | -1.7% |
| 2023 | 7.60 billion constant LCU | +2.2% |
Greenland compared with similar countries
- Greenland's 7.60 billion constant LCU is below the median for high income countries, which is 74.22 billion constant LCU, 10% of the median. (61 countries reporting)
- Greenland's 7.60 billion constant LCU is below the median for Europe & Central Asia, which is 69.05 billion constant LCU, 11% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.06 billion constant LCU | 5.72 billion constant LCU | 6.76 billion constant LCU | 7 |
| 2010s | 6.96 billion constant LCU | 6.59 billion constant LCU | 7.62 billion constant LCU | 10 |
| 2020s | 7.50 billion constant LCU | 7.40 billion constant LCU | 7.60 billion constant LCU | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ 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 unit of GDP 0.6895 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 LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % 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 7.60 billion constant LCU 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 7.62 billion constant LCU in 2019.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 5.72 billion constant LCU in 2005.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 143rd out of 176 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 LCU). 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 varies by country. This series is expressed in local currency units.