Gross Domestic Product — Value Standard Local Currency in Greenland
Greenland: Gross Domestic Product — Value Standard Local Currency was 21,921 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Greenland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Greenland stood at 21,921 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 37.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Greenland peaked at 21,921 million SLC in 2024 and was at its lowest, 569.76 million SLC, in 1970.
Greenland ranks 176th of 218 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 Product — Value Standard Local Currency in Greenland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 569.76 million SLC | — |
| 1971 | 717.92 million SLC | +26.0% |
| 1972 | 805.72 million SLC | +12.2% |
| 1973 | 926.5 million SLC | +15.0% |
| 1974 | 1,132 million SLC | +22.1% |
| 1975 | 1,326 million SLC | +17.2% |
| 1976 | 1,591 million SLC | +19.9% |
| 1977 | 1,852 million SLC | +16.4% |
| 1978 | 2,145 million SLC | +15.9% |
| 1979 | 2,418 million SLC | +12.7% |
| 1980 | 2,932 million SLC | +21.2% |
| 1981 | 3,392 million SLC | +15.7% |
| 1982 | 3,664 million SLC | +8.0% |
| 1983 | 4,159 million SLC | +13.5% |
| 1984 | 4,293 million SLC | +3.2% |
| 1985 | 4,781 million SLC | +11.4% |
| 1986 | 5,332 million SLC | +11.5% |
| 1987 | 5,886 million SLC | +10.4% |
| 1988 | 6,610 million SLC | +12.3% |
| 1989 | 7,427 million SLC | +12.4% |
| 1990 | 6,891 million SLC | -7.2% |
| 1991 | 7,105 million SLC | +3.1% |
| 1992 | 6,846 million SLC | -3.6% |
| 1993 | 6,570 million SLC | -4.0% |
| 1994 | 6,991 million SLC | +6.4% |
| 1995 | 7,401 million SLC | +5.9% |
| 1996 | 7,588 million SLC | +2.5% |
| 1997 | 7,738 million SLC | +2.0% |
| 1998 | 8,420 million SLC | +8.8% |
| 1999 | 8,626 million SLC | +2.5% |
| 2000 | 9,434 million SLC | +9.4% |
| 2001 | 9,878 million SLC | +4.7% |
| 2002 | 10,086 million SLC | +2.1% |
| 2003 | 10,269 million SLC | +1.8% |
| 2004 | 10,919 million SLC | +6.3% |
| 2005 | 11,093 million SLC | +1.6% |
| 2006 | 11,972 million SLC | +7.9% |
| 2007 | 12,247 million SLC | +2.3% |
| 2008 | 12,741 million SLC | +4.0% |
| 2009 | 13,563 million SLC | +6.5% |
| 2010 | 14,078 million SLC | +3.8% |
| 2011 | 14,412 million SLC | +2.4% |
| 2012 | 15,116 million SLC | +4.9% |
| 2013 | 15,080 million SLC | -0.2% |
| 2014 | 15,951 million SLC | +5.8% |
| 2015 | 16,814 million SLC | +5.4% |
| 2016 | 18,224 million SLC | +8.4% |
| 2017 | 18,829 million SLC | +3.3% |
| 2018 | 19,296 million SLC | +2.5% |
| 2019 | 19,990 million SLC | +3.6% |
| 2020 | 20,169 million SLC | +0.9% |
| 2021 | 20,344 million SLC | +0.9% |
| 2022 | 20,706 million SLC | +1.8% |
| 2023 | 20,950 million SLC | +1.2% |
| 2024 | 21,921 million SLC | +4.6% |
Greenland compared with similar countries
- Greenland's 21,921 million SLC is below the median for high income countries, which is 257,567 million SLC, 9% of the median. (72 countries reporting)
- Greenland's 21,921 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 4% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,348 million SLC | 569.76 million SLC | 2,418 million SLC | 10 |
| 1980s | 4,848 million SLC | 2,932 million SLC | 7,427 million SLC | 10 |
| 1990s | 7,418 million SLC | 6,570 million SLC | 8,626 million SLC | 10 |
| 2000s | 11,220 million SLC | 9,434 million SLC | 13,563 million SLC | 10 |
| 2010s | 16,779 million SLC | 14,078 million SLC | 19,990 million SLC | 10 |
| 2020s | 20,818 million SLC | 20,169 million SLC | 21,921 million SLC | 5 |
Countries ranked near Greenland
- 173 Seychelles 30,825 million SLC compare
- 174 Malta 22,472 million SLC compare
- 175 Ethiopia PDR 22,195 million SLC compare
- 177 Brunei Darussalam 20,705 million SLC compare
- 178 Sao Tome and Principe 17,884 million SLC compare
- 179 Bahrain 17,355 million SLC 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 in Greenland?
- Gross domestic product — value standard local currency in Greenland was 21,921 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Greenland?
- The highest recorded value was 21,921 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Greenland?
- The lowest recorded value was 569.76 million SLC in 1970.
- How does Greenland rank for gross domestic product — value standard local currency?
- Greenland ranks 176th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Greenland?
- Over the last ten years it is up 37.4%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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).