Gross Domestic Product — Annual growth US$, 2015 prices in Greenland
Greenland: Gross Domestic Product — Annual growth US$, 2015 prices was 2.65 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth US$, 2015 prices in Greenland, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross domestic product — annual growth us$, 2015 prices in Greenland stood at 2.65 %.
Compared with earlier readings it is up 174.2% on the previous year and down 44.0% over ten years.
Over the whole period, gross domestic product — annual growth us$, 2015 prices in Greenland peaked at 13.06 % in 1971 and was at its lowest, -11.72 %, in 1990.
Greenland ranks 138th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth US$, 2015 prices in Greenland, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 13.06 % | — |
| 1972 | 6.18 % | -52.7% |
| 1973 | 6.81 % | +10.2% |
| 1974 | 5.71 % | -16.2% |
| 1975 | 0.6462 % | -88.7% |
| 1976 | 5.96 % | +822.3% |
| 1977 | 8.82 % | +48.0% |
| 1978 | 6.02 % | -31.8% |
| 1979 | 4.86 % | -19.2% |
| 1980 | 8.68 % | +78.5% |
| 1981 | 0.6653 % | -92.3% |
| 1982 | -4.42 % | -764.3% |
| 1983 | 3.46 % | -178.2% |
| 1984 | -5.18 % | -249.8% |
| 1985 | 3.66 % | -170.6% |
| 1986 | 7.1 % | +94.1% |
| 1987 | 5.52 % | -22.3% |
| 1988 | 5.6 % | +1.6% |
| 1989 | 6.66 % | +18.8% |
| 1990 | -11.72 % | -276.0% |
| 1991 | -0.1135 % | -99.0% |
| 1992 | -5.11 % | +4405.1% |
| 1993 | -5.03 % | -1.6% |
| 1994 | 5.92 % | -217.8% |
| 1995 | 3.73 % | -37.1% |
| 1996 | 1.53 % | -59.0% |
| 1997 | 1.47 % | -4.0% |
| 1998 | 7.76 % | +428.1% |
| 1999 | 1.38 % | -82.2% |
| 2000 | 7.1 % | +415.4% |
| 2001 | 1.27 % | -82.1% |
| 2002 | -0.9712 % | -176.5% |
| 2003 | -0.3796 % | -60.9% |
| 2004 | 6.91 % | -1919.3% |
| 2005 | 4.99 % | -27.8% |
| 2006 | 5.56 % | +11.4% |
| 2007 | 2.35 % | -57.7% |
| 2008 | 6.17 % | +162.1% |
| 2009 | 0.866 % | -86.0% |
| 2010 | 1.74 % | +100.4% |
| 2011 | -0.4969 % | -128.6% |
| 2012 | 1.39 % | -380.6% |
| 2013 | -1.3 % | -193.1% |
| 2014 | 4.74 % | -465.3% |
| 2015 | -2.53 % | -153.3% |
| 2016 | 4.68 % | -285.1% |
| 2017 | 0.0523 % | -98.9% |
| 2018 | 0.6232 % | +1091.2% |
| 2019 | 2.83 % | +354.5% |
| 2020 | 0.1876 % | -93.4% |
| 2021 | 1.29 % | +587.7% |
| 2022 | 1.43 % | +10.9% |
| 2023 | 0.968 % | -32.3% |
| 2024 | 2.65 % | +174.2% |
Greenland compared with similar countries
- Greenland's 2.65 % is above the median for high income countries, which is 2.64 %, 1.0× the median. (73 countries reporting)
- Greenland's 2.65 % is above the median for Europe & Central Asia, which is 2.57 %, 1.0× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Annual growth US$, 2015 prices in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -4405.1% | -0.1135 % | -5.11 % |
| 2004 | +1919.3% | -0.3796 % | 6.91 % |
| 2018 | +1091.2% | 0.0523 % | 0.6232 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.45 % | 0.6462 % | 13.06 % | 9 |
| 1980s | 3.17 % | -5.18 % | 8.68 % | 10 |
| 1990s | -0.0185 % | -11.72 % | 7.76 % | 10 |
| 2000s | 3.39 % | -0.9712 % | 7.1 % | 10 |
| 2010s | 1.17 % | -2.53 % | 4.74 % | 10 |
| 2020s | 1.31 % | 0.1876 % | 2.65 % | 5 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), 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$) 2.17 % change on previous year (2023)
Frequently asked questions
- What is gross domestic product — annual growth us$, 2015 prices in Greenland?
- Gross domestic product — annual growth us$, 2015 prices in Greenland was 2.65 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth us$, 2015 prices recorded in Greenland?
- The highest recorded value was 13.06 % in 1971.
- What is the lowest gross domestic product — annual growth us$, 2015 prices recorded in Greenland?
- The lowest recorded value was -11.72 % in 1990.
- How does Greenland rank for gross domestic product — annual growth us$, 2015 prices?
- Greenland ranks 138th out of 236 countries with data for 2024.
- Is gross domestic product — annual growth us$, 2015 prices rising or falling in Greenland?
- Over the last ten years it is down 44.0%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).