Gross Domestic Product — Value Standard Local Currency, annual growth in Greenland
Greenland: Gross Domestic Product — Value Standard Local Currency, annual growth was 4.64 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Greenland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Greenland is 4.64 % change on previous year, measured in 2024.
The figure is up 293.4% on the previous year and down 19.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Greenland peaked at 26 % change on previous year in 1971 and was at its lowest, -7.22 % change on previous year, in 1990.
That places Greenland 155th out of 218 countries with data for 2024, putting it 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 — Value Standard Local Currency, annual growth in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 26 % change on previous year | — |
| 1972 | 12.23 % change on previous year | -53.0% |
| 1973 | 14.99 % change on previous year | +22.6% |
| 1974 | 22.15 % change on previous year | +47.7% |
| 1975 | 17.18 % change on previous year | -22.4% |
| 1976 | 19.94 % change on previous year | +16.1% |
| 1977 | 16.42 % change on previous year | -17.6% |
| 1978 | 15.85 % change on previous year | -3.5% |
| 1979 | 12.73 % change on previous year | -19.7% |
| 1980 | 21.24 % change on previous year | +66.9% |
| 1981 | 15.69 % change on previous year | -26.1% |
| 1982 | 8.02 % change on previous year | -48.9% |
| 1983 | 13.51 % change on previous year | +68.4% |
| 1984 | 3.23 % change on previous year | -76.1% |
| 1985 | 11.35 % change on previous year | +251.2% |
| 1986 | 11.52 % change on previous year | +1.5% |
| 1987 | 10.39 % change on previous year | -9.8% |
| 1988 | 12.31 % change on previous year | +18.5% |
| 1989 | 12.37 % change on previous year | +0.5% |
| 1990 | -7.22 % change on previous year | -158.4% |
| 1991 | 3.11 % change on previous year | -143.0% |
| 1992 | -3.65 % change on previous year | -217.3% |
| 1993 | -4.04 % change on previous year | +10.8% |
| 1994 | 6.42 % change on previous year | -259.0% |
| 1995 | 5.86 % change on previous year | -8.7% |
| 1996 | 2.52 % change on previous year | -56.9% |
| 1997 | 1.97 % change on previous year | -21.9% |
| 1998 | 8.81 % change on previous year | +346.7% |
| 1999 | 2.45 % change on previous year | -72.2% |
| 2000 | 9.36 % change on previous year | +281.6% |
| 2001 | 4.71 % change on previous year | -49.6% |
| 2002 | 2.1 % change on previous year | -55.4% |
| 2003 | 1.81 % change on previous year | -13.9% |
| 2004 | 6.33 % change on previous year | +249.9% |
| 2005 | 1.6 % change on previous year | -74.8% |
| 2006 | 7.92 % change on previous year | +395.8% |
| 2007 | 2.3 % change on previous year | -70.9% |
| 2008 | 4.03 % change on previous year | +74.9% |
| 2009 | 6.45 % change on previous year | +60.2% |
| 2010 | 3.8 % change on previous year | -41.1% |
| 2011 | 2.37 % change on previous year | -37.5% |
| 2012 | 4.89 % change on previous year | +105.9% |
| 2013 | -0.2448 % change on previous year | -105.0% |
| 2014 | 5.78 % change on previous year | -2461.2% |
| 2015 | 5.41 % change on previous year | -6.4% |
| 2016 | 8.39 % change on previous year | +55.0% |
| 2017 | 3.32 % change on previous year | -60.4% |
| 2018 | 2.48 % change on previous year | -25.3% |
| 2019 | 3.6 % change on previous year | +45.0% |
| 2020 | 0.8919 % change on previous year | -75.2% |
| 2021 | 0.8687 % change on previous year | -2.6% |
| 2022 | 1.78 % change on previous year | +104.7% |
| 2023 | 1.18 % change on previous year | -33.7% |
| 2024 | 4.64 % change on previous year | +293.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2014 | +2461.2% | -0.2448 % change on previous year | 5.78 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.5 % change on previous year | 12.23 % change on previous year | 26 % change on previous year | 9 |
| 1980s | 11.96 % change on previous year | 3.23 % change on previous year | 21.24 % change on previous year | 10 |
| 1990s | 1.62 % change on previous year | -7.22 % change on previous year | 8.81 % change on previous year | 10 |
| 2000s | 4.66 % change on previous year | 1.6 % change on previous year | 9.36 % change on previous year | 10 |
| 2010s | 3.98 % change on previous year | -0.2448 % change on previous year | 8.39 % change on previous year | 10 |
| 2020s | 1.87 % change on previous year | 0.8687 % change on previous year | 4.64 % change on previous year | 5 |
Countries ranked near Greenland
- 152 Saint Lucia 4.89 % change on previous year compare
- 153 Slovenia 4.72 % change on previous year compare
- 154 Bermuda 4.67 % change on previous year compare
- 156 Canada 4.61 % change on previous year compare
- 157 Ireland 4.61 % change on previous year compare
- 158 New Caledonia 4.57 % 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 product — value standard local currency, annual growth in Greenland?
- Gross domestic product — value standard local currency, annual growth in Greenland was 4.64 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Greenland?
- The highest recorded value was 26 % change on previous year in 1971.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Greenland?
- The lowest recorded value was -7.22 % change on previous year in 1990.
- How does Greenland rank for gross domestic product — value standard local currency, annual growth?
- Greenland ranks 155th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Greenland?
- Over the last ten years it is down 19.8%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.