Gross domestic income (constant LCU), annual growth rate in Greenland
Greenland: Gross domestic income (constant LCU), annual growth rate was 1.05 % change on previous year in 2023. ◆ Volatile
Gross domestic income (constant LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 1.05 % change on previous year for gross domestic income (constant lcu), annual growth rate in 2023.
Compared with earlier readings it is down 80.4% on the previous year and up 187.5% over ten years.
Over the whole period, gross domestic income (constant lcu), annual growth rate in Greenland peaked at 8.06 % change on previous year in 2016 and was at its lowest, -1.2 % change on previous year, in 2013.
Greenland ranks 140th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic income (constant LCU), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 5.56 % change on previous year | — |
| 2005 | 2.6 % change on previous year | -53.2% |
| 2006 | 6.45 % change on previous year | +147.5% |
| 2007 | -0.4947 % change on previous year | -107.7% |
| 2008 | 3.46 % change on previous year | -800.1% |
| 2009 | 2.59 % change on previous year | -25.1% |
| 2010 | 2.07 % change on previous year | -20.3% |
| 2011 | 1.02 % change on previous year | -50.6% |
| 2012 | 3.03 % change on previous year | +196.2% |
| 2013 | -1.2 % change on previous year | -139.8% |
| 2014 | 3.61 % change on previous year | -400.2% |
| 2015 | 3.53 % change on previous year | -2.2% |
| 2016 | 8.06 % change on previous year | +128.0% |
| 2017 | 1.23 % change on previous year | -84.7% |
| 2018 | 2.66 % change on previous year | +116.1% |
| 2019 | 1.55 % change on previous year | -41.8% |
| 2020 | -1.14 % change on previous year | -173.8% |
| 2021 | 0.9574 % change on previous year | -183.8% |
| 2022 | 5.38 % change on previous year | +462.3% |
| 2023 | 1.05 % change on previous year | -80.4% |
Greenland compared with similar countries
- Greenland's 1.05 % change on previous year is below the median for high income countries, which is 2.27 % change on previous year, 46% of the median. (63 countries reporting)
- Greenland's 1.05 % change on previous year is below the median for Europe & Central Asia, which is 2.74 % change on previous year, 38% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.36 % change on previous year | -0.4947 % change on previous year | 6.45 % change on previous year | 6 |
| 2010s | 2.56 % change on previous year | -1.2 % change on previous year | 8.06 % change on previous year | 10 |
| 2020s | 1.56 % change on previous year | -1.14 % change on previous year | 5.38 % change on previous year | 4 |
Countries ranked near Greenland
- 137 Italy 1.1 % change on previous year compare
- 138 Algeria 1.1 % change on previous year compare
- 139 Oman 1.06 % change on previous year compare
- 141 Bermuda 0.8642 % change on previous year compare
- 142 Sweden 0.8581 % change on previous year compare
- 143 Thailand 0.729 % change on previous year 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 gross domestic income (constant lcu), annual growth rate in Greenland?
- Gross domestic income (constant lcu), annual growth rate in Greenland was 1.05 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic income (constant lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 8.06 % change on previous year in 2016.
- What is the lowest gross domestic income (constant lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -1.2 % change on previous year in 2013.
- How does Greenland rank for gross domestic income (constant lcu), annual growth rate?
- Greenland ranks 140th out of 178 countries with data for 2023.
- Is gross domestic income (constant lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 187.5%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic income (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic income (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic income Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic income (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.