General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 9.56 billion current 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 current LCU.
Analysis
The most recent figure for general government final consumption expenditure in Greenland is 9.56 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
That represents a change of up 3.8% on the previous year and up 32.5% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 9.56 billion current LCU in 2023 and was at its lowest, 4.89 billion current LCU, in 2003.
Greenland ranks 153rd of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.54 billion current LCU | 4.89 billion current LCU | 6.59 billion current LCU | 7 |
| 2010s | 7.50 billion current LCU | 6.59 billion current LCU | 8.75 billion current LCU | 10 |
| 2020s | 9.19 billion current LCU | 8.82 billion current LCU | 9.56 billion current LCU | 4 |
Countries ranked near Greenland
- 150 Sierra Leone 10.06 billion current LCU compare
- 151 Puerto Rico 9.96 billion current LCU compare
- 152 Latvia 9.85 billion current LCU compare
- 154 Estonia 8.93 billion current LCU compare
- 155 Seychelles 8.81 billion current LCU compare
- 156 Eritrea 8.45 billion current LCU compare
More economy & growth data for Greenland
- Industry (including construction), value added 18.4% (2023)
- Manufacturing, value added 2.7% (2023)
- Industry (including construction), value added 613.64 million current US$ (2023)
- Industry (including construction), value added 4.23 billion current LCU (2023)
- Industry (including construction), value added 495.03 million constant 2015 US$ (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Services, value added 10.29 billion constant LCU (2023)
- Services, value added 2.2% (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
Frequently asked questions
- What is general government final consumption expenditure in Greenland?
- General government final consumption expenditure in Greenland was 9.56 billion current 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 9.56 billion current LCU in 2023.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 4.89 billion current LCU in 2003.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 153rd out of 186 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 32.5%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.