Gross domestic product (GDP), annual growth rate in Greenland
Greenland: Gross domestic product (GDP), annual growth rate was 0.8659 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Greenland, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Greenland is 0.8659 % change on previous year, measured in 2023.
The figure is down 56.8% on the previous year and up 166.7% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Greenland peaked at 7.76 % change on previous year in 1998 and was at its lowest, -5.11 % change on previous year, in 1992.
That places Greenland 168th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -0.1137 % change on previous year | — |
| 1992 | -5.11 % change on previous year | +4397.6% |
| 1993 | -5.03 % change on previous year | -1.6% |
| 1994 | 5.92 % change on previous year | -217.8% |
| 1995 | 3.73 % change on previous year | -37.1% |
| 1996 | 1.53 % change on previous year | -59.0% |
| 1997 | 1.47 % change on previous year | -4.0% |
| 1998 | 7.76 % change on previous year | +428.1% |
| 1999 | 1.38 % change on previous year | -82.2% |
| 2000 | 7.1 % change on previous year | +415.4% |
| 2001 | 1.27 % change on previous year | -82.1% |
| 2002 | -0.9711 % change on previous year | -176.5% |
| 2003 | 4.43 % change on previous year | -556.2% |
| 2004 | 6.91 % change on previous year | +55.9% |
| 2005 | 4.99 % change on previous year | -27.8% |
| 2006 | 5.56 % change on previous year | +11.4% |
| 2007 | 2.35 % change on previous year | -57.7% |
| 2008 | 6.17 % change on previous year | +162.1% |
| 2009 | 0.8661 % change on previous year | -86.0% |
| 2010 | 1.74 % change on previous year | +100.4% |
| 2011 | -0.4967 % change on previous year | -128.6% |
| 2012 | 1.39 % change on previous year | -380.7% |
| 2013 | -1.3 % change on previous year | -193.1% |
| 2014 | 4.74 % change on previous year | -465.3% |
| 2015 | -2.53 % change on previous year | -153.3% |
| 2016 | 4.68 % change on previous year | -285.1% |
| 2017 | 0.0529 % change on previous year | -98.9% |
| 2018 | 0.623 % change on previous year | +1077.0% |
| 2019 | 2.83 % change on previous year | +354.6% |
| 2020 | 0.2507 % change on previous year | -91.1% |
| 2021 | 1.63 % change on previous year | +551.9% |
| 2022 | 2 % change on previous year | +22.7% |
| 2023 | 0.8659 % change on previous year | -56.8% |
Greenland compared with similar countries
- Greenland's 0.8659 % change on previous year is below the median for high income countries, which is 2.15 % change on previous year, 40% of the median. (74 countries reporting)
- Greenland's 0.8659 % change on previous year is below the median for Europe & Central Asia, which is 1.95 % change on previous year, 44% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 | -4397.6% | -0.1137 % change on previous year | -5.11 % change on previous year |
| 2018 | +1077.0% | 0.0529 % change on previous year | 0.623 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.28 % change on previous year | -5.11 % change on previous year | 7.76 % change on previous year | 9 |
| 2000s | 3.87 % change on previous year | -0.9711 % change on previous year | 7.1 % change on previous year | 10 |
| 2010s | 1.17 % change on previous year | -2.53 % change on previous year | 4.74 % change on previous year | 10 |
| 2020s | 1.19 % change on previous year | 0.2507 % change on previous year | 2 % change on previous year | 4 |
Countries ranked near Greenland
- 165 South Korea 1.01 % change on previous year compare
- 166 Russia 1 % change on previous year compare
- 167 Belgium 0.9831 % change on previous year compare
- 169 Faroe Islands 0.8438 % change on previous year compare
- 170 France 0.8409 % change on previous year compare
- 171 Slovakia 0.8072 % change on previous year compare
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (constant 2015 US$), per unit of GDP 1 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Greenland?
- Gross domestic product (gdp), annual growth rate in Greenland was 0.8659 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Greenland?
- The highest recorded value was 7.76 % change on previous year in 1998.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Greenland?
- The lowest recorded value was -5.11 % change on previous year in 1992.
- How does Greenland rank for gross domestic product (gdp), annual growth rate?
- Greenland ranks 168th out of 198 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 166.7%. 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 product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 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 product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
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 product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.