Gross domestic savings (current LCU), annual growth rate (LCU annual) in Greenland
Greenland: Gross domestic savings (current LCU), annual growth rate (LCU annual) was 1.36 % change on previous year in 2023. ◆ Volatile
Gross domestic savings (current LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 1.36 % change on previous year for gross domestic savings (current lcu), annual growth rate in 2023.
The figure is down 95.5% on the previous year and up 107.4% over ten years.
Over the whole period, gross domestic savings (current lcu), annual growth rate in Greenland peaked at 48.63 % change on previous year in 2006 and was at its lowest, -18.4 % change on previous year, in 2013.
That places Greenland 117th out of 185 countries with data for 2023, 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 savings (current LCU), annual growth rate (LCU annual) in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | -6.35 % change on previous year | — |
| 2005 | -0.8972 % change on previous year | -85.9% |
| 2006 | 48.63 % change on previous year | -5519.8% |
| 2007 | -10.3 % change on previous year | -121.2% |
| 2008 | -9.76 % change on previous year | -5.2% |
| 2009 | 22.44 % change on previous year | -329.8% |
| 2010 | 31.02 % change on previous year | +38.2% |
| 2011 | -3.12 % change on previous year | -110.1% |
| 2012 | 29.96 % change on previous year | -1060.0% |
| 2013 | -18.4 % change on previous year | -161.4% |
| 2014 | 37.45 % change on previous year | -303.5% |
| 2015 | 36.16 % change on previous year | -3.4% |
| 2016 | 36.01 % change on previous year | -0.4% |
| 2017 | 6.41 % change on previous year | -82.2% |
| 2018 | 2.88 % change on previous year | -55.0% |
| 2019 | 5.04 % change on previous year | +74.8% |
| 2020 | 6.48 % change on previous year | +28.7% |
| 2021 | -1.01 % change on previous year | -115.6% |
| 2022 | 30.33 % change on previous year | -3103.1% |
| 2023 | 1.36 % change on previous year | -95.5% |
Greenland compared with similar countries
- Greenland's 1.36 % change on previous year is below the median for high income countries, which is 3.69 % change on previous year, 37% of the median. (67 countries reporting)
- Greenland's 1.36 % change on previous year is below the median for Europe & Central Asia, which is 3.69 % change on previous year, 37% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current LCU), annual growth rate (LCU annual) 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 |
|---|---|---|---|
| 2006 | +5519.8% | -0.8972 % change on previous year | 48.63 % change on previous year |
| 2022 | +3103.1% | -1.01 % change on previous year | 30.33 % change on previous year |
| 2012 | +1060.0% | -3.12 % change on previous year | 29.96 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.29 % change on previous year | -10.3 % change on previous year | 48.63 % change on previous year | 6 |
| 2010s | 16.34 % change on previous year | -18.4 % change on previous year | 37.45 % change on previous year | 10 |
| 2020s | 9.29 % change on previous year | -1.01 % change on previous year | 30.33 % change on previous year | 4 |
Countries ranked near Greenland
- 114 Belgium 1.69 % change on previous year compare
- 115 Poland 1.48 % change on previous year compare
- 116 Canada 1.37 % change on previous year compare
- 118 Bahrain 1.21 % change on previous year compare
- 119 Belize 1.2 % change on previous year compare
- 120 Bangladesh 1.14 % change on previous year compare
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current LCU) 2.51 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current US$) 19,063 current US$ per person (2023)
- Households and NPISHs Final consumption expenditure (current US$) 0.3259 current US$ per US$ of GDP (2023)
- Households and NPISHs Final consumption expenditure (current US$) 5.29 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- General government final consumption expenditure (current US$), per 0.4171 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
Frequently asked questions
- What is gross domestic savings (current lcu), annual growth rate in Greenland?
- Gross domestic savings (current lcu), annual growth rate in Greenland was 1.36 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic savings (current lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 48.63 % change on previous year in 2006.
- What is the lowest gross domestic savings (current lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -18.4 % change on previous year in 2013.
- How does Greenland rank for gross domestic savings (current lcu), annual growth rate?
- Greenland ranks 117th out of 185 countries with data for 2023.
- Is gross domestic savings (current lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 107.4%. 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 savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.