General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 41.7% in 2023. ▼ Falling
General government final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Greenland recorded 41.7% for general government final consumption expenditure in 2023.
That represents a change of up 1.0% on the previous year and down 12.8% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 48.6% in 2009 and was at its lowest, 41.3%, in 2022.
That places Greenland 4th out of 187 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
General government final consumption expenditure in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 47.6% | — |
| 2004 | 46.3% | -2.9% |
| 2005 | 45.9% | -0.9% |
| 2006 | 45.4% | -1.1% |
| 2007 | 46.1% | +1.6% |
| 2008 | 48.0% | +4.1% |
| 2009 | 48.6% | +1.3% |
| 2010 | 46.8% | -3.7% |
| 2011 | 46.7% | -0.3% |
| 2012 | 45.8% | -2.0% |
| 2013 | 47.9% | +4.5% |
| 2014 | 45.8% | -4.2% |
| 2015 | 44.2% | -3.6% |
| 2016 | 42.3% | -4.2% |
| 2017 | 42.4% | +0.2% |
| 2018 | 43.1% | +1.7% |
| 2019 | 43.8% | +1.5% |
| 2020 | 43.6% | -0.4% |
| 2021 | 44.3% | +1.5% |
| 2022 | 41.3% | -6.7% |
| 2023 | 41.7% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.8% | 45.4% | 48.6% | 7 |
| 2010s | 44.9% | 42.3% | 47.9% | 10 |
| 2020s | 42.7% | 41.3% | 44.3% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Exports of goods and services (current LCU), per unit of GDP 2.81 current LCU per US$ of GDP (2023)
- Gross national expenditure (constant 2015 US$), per capita 58,665 constant 2015 US$ per person (2023)
- Exports of goods and services (current US$), annual growth rate 5.55 % change on previous year (2023)
- Final consumption expenditure (current US$), per capita 43,463 current US$ per person (2023)
- Exports of goods and services (current US$), per unit of GDP 0.408 current US$ per US$ of GDP (2023)
- Exports of goods and services (current US$), per capita 23,867 current US$ per person (2023)
- Exports of goods and services (current LCU), annual growth rate 2.77 % change on previous year (2023)
- Imports of goods and services (current US$), per unit of GDP 0.5109 current US$ per US$ of GDP (2023)
- Exports of goods and services (constant 2015 US$), per capita 18,981 constant 2015 US$ per person (2023)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.3245 constant 2015 US$ 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 41.7% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Greenland?
- The highest recorded value was 48.6% in 2009.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 41.3% in 2022.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 4th out of 187 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.