Gross Domestic Product — Value US$, annual growth rate in Greenland
Greenland: Gross Domestic Product — Value US$, annual growth rate was 1.37 % change on previous year in 2024. ◆ Volatile
Latest (2024)
1.37 % change on previous year
Change on year
down 65.0%
World rank
204th
of 236 countries
All-time high
46.05 % change on previous year
in 1986
All-time low
-12.07 % change on previous year
in 2015
Years of data
54
1971–2024
Gross Domestic Product — Value US$, annual growth rate in Greenland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Greenland stood at 1.37 % change on previous year.
The figure is down 65.0% on the previous year and down 76.6% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Greenland peaked at 46.05 % change on previous year in 1986 and was at its lowest, -12.07 % change on previous year, in 2015.
Greenland ranks 204th of 236 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 27.4 % change on previous year | — |
| 1972 | 19.79 % change on previous year | -27.8% |
| 1973 | 32.09 % change on previous year | +62.2% |
| 1974 | 21.24 % change on previous year | -33.8% |
| 1975 | 24.29 % change on previous year | +14.4% |
| 1976 | 14.01 % change on previous year | -42.3% |
| 1977 | 17.23 % change on previous year | +23.0% |
| 1978 | 26.12 % change on previous year | +51.6% |
| 1979 | 18.16 % change on previous year | -30.5% |
| 1980 | 13.17 % change on previous year | -27.5% |
| 1981 | -8.47 % change on previous year | -164.3% |
| 1982 | -7.65 % change on previous year | -9.6% |
| 1983 | 3.42 % change on previous year | -144.8% |
| 1984 | -8.85 % change on previous year | -358.3% |
| 1985 | 8.83 % change on previous year | -199.8% |
| 1986 | 46.05 % change on previous year | +421.5% |
| 1987 | 30.58 % change on previous year | -33.6% |
| 1988 | 14.12 % change on previous year | -53.8% |
| 1989 | 3.47 % change on previous year | -75.4% |
| 1990 | 9.59 % change on previous year | +176.3% |
| 1991 | -0.2434 % change on previous year | -102.5% |
| 1992 | 2.11 % change on previous year | -965.9% |
| 1993 | -10.67 % change on previous year | -606.1% |
| 1994 | 8.48 % change on previous year | -179.6% |
| 1995 | 20.19 % change on previous year | +137.9% |
| 1996 | -0.9462 % change on previous year | -104.7% |
| 1997 | -10.47 % change on previous year | +1006.4% |
| 1998 | 7.25 % change on previous year | -169.2% |
| 1999 | -1.59 % change on previous year | -122.0% |
| 2000 | -5.61 % change on previous year | +252.7% |
| 2001 | 1.7 % change on previous year | -130.3% |
| 2002 | 7.64 % change on previous year | +349.5% |
| 2003 | 22.01 % change on previous year | +188.1% |
| 2004 | 16.92 % change on previous year | -23.1% |
| 2005 | 1.5 % change on previous year | -91.1% |
| 2006 | 8.83 % change on previous year | +489.4% |
| 2007 | 11.76 % change on previous year | +33.2% |
| 2008 | 11.08 % change on previous year | -5.8% |
| 2009 | 1.24 % change on previous year | -88.9% |
| 2010 | -1.06 % change on previous year | -185.7% |
| 2011 | 7.24 % change on previous year | -784.0% |
| 2012 | -2.79 % change on previous year | -138.5% |
| 2013 | 2.88 % change on previous year | -203.5% |
| 2014 | 5.85 % change on previous year | +102.9% |
| 2015 | -12.07 % change on previous year | -306.2% |
| 2016 | 8.32 % change on previous year | -169.0% |
| 2017 | 5.34 % change on previous year | -35.9% |
| 2018 | 7.16 % change on previous year | +34.2% |
| 2019 | -1.91 % change on previous year | -126.7% |
| 2020 | 2.85 % change on previous year | -249.2% |
| 2021 | 4.96 % change on previous year | +73.8% |
| 2022 | -9.57 % change on previous year | -292.9% |
| 2023 | 3.92 % change on previous year | -140.9% |
| 2024 | 1.37 % change on previous year | -65.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.26 % change on previous year | 14.01 % change on previous year | 32.09 % change on previous year | 9 |
| 1980s | 9.47 % change on previous year | -8.85 % change on previous year | 46.05 % change on previous year | 10 |
| 1990s | 2.37 % change on previous year | -10.67 % change on previous year | 20.19 % change on previous year | 10 |
| 2000s | 7.71 % change on previous year | -5.61 % change on previous year | 22.01 % change on previous year | 10 |
| 2010s | 1.9 % change on previous year | -12.07 % change on previous year | 8.32 % change on previous year | 10 |
| 2020s | 0.7061 % change on previous year | -9.57 % change on previous year | 4.96 % change on previous year | 5 |
Countries ranked near Greenland
- 201 Finland 1.66 % change on previous year compare
- 202 Republic of Korea 1.59 % change on previous year compare
- 203 Saudi Arabia 1.55 % change on previous year compare
- 205 USSR 1.11 % change on previous year compare
- 206 Mauritania 1.08 % change on previous year compare
- 207 Oman 0.9887 % 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 us$, annual growth rate in Greenland?
- Gross domestic product — value us$, annual growth rate in Greenland was 1.37 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Greenland?
- The highest recorded value was 46.05 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Greenland?
- The lowest recorded value was -12.07 % change on previous year in 2015.
- How does Greenland rank for gross domestic product — value us$, annual growth rate?
- Greenland ranks 204th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Greenland?
- Over the last ten years it is down 76.6%. 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 US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.