Gross domestic savings (current LCU) in Greenland
Greenland: Gross domestic savings (current LCU) was 5.89 billion current LCU in 2023. ◆ Volatile
Gross domestic savings in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2023, gross domestic savings in Greenland stood at 5.89 billion current LCU. That is the highest value across all 21 years on record.
The figure is up 1.4% on the previous year and up 307.6% over ten years.
Over the whole period, gross domestic savings in Greenland peaked at 5.89 billion current LCU in 2023 and was at its lowest, 729.00 million current LCU, in 2005.
Greenland ranks 141st of 188 countries on this measure, 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) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 785.50 million current LCU | — |
| 2004 | 735.60 million current LCU | -6.4% |
| 2005 | 729.00 million current LCU | -0.9% |
| 2006 | 1.08 billion current LCU | +48.6% |
| 2007 | 971.90 million current LCU | -10.3% |
| 2008 | 877.00 million current LCU | -9.8% |
| 2009 | 1.07 billion current LCU | +22.4% |
| 2010 | 1.41 billion current LCU | +31.0% |
| 2011 | 1.36 billion current LCU | -3.1% |
| 2012 | 1.77 billion current LCU | +30.0% |
| 2013 | 1.45 billion current LCU | -18.4% |
| 2014 | 1.99 billion current LCU | +37.4% |
| 2015 | 2.71 billion current LCU | +36.2% |
| 2016 | 3.68 billion current LCU | +36.0% |
| 2017 | 3.92 billion current LCU | +6.4% |
| 2018 | 4.03 billion current LCU | +2.9% |
| 2019 | 4.23 billion current LCU | +5.0% |
| 2020 | 4.50 billion current LCU | +6.5% |
| 2021 | 4.46 billion current LCU | -1.0% |
| 2022 | 5.81 billion current LCU | +30.3% |
| 2023 | 5.89 billion current LCU | +1.4% |
Greenland compared with similar countries
- Greenland's 5.89 billion current LCU is below the median for high income countries, which is 134.59 billion current LCU, 4% of the median. (67 countries reporting)
- Greenland's 5.89 billion current LCU is below the median for Europe & Central Asia, which is 106.87 billion current LCU, 6% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 893.76 million current LCU | 729.00 million current LCU | 1.08 billion current LCU | 7 |
| 2010s | 2.65 billion current LCU | 1.36 billion current LCU | 4.23 billion current LCU | 10 |
| 2020s | 5.17 billion current LCU | 4.46 billion current LCU | 5.89 billion current LCU | 4 |
Countries ranked near Greenland
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 savings in Greenland?
- Gross domestic savings in Greenland was 5.89 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Greenland?
- The highest recorded value was 5.89 billion current LCU in 2023.
- What is the lowest gross domestic savings recorded in Greenland?
- The lowest recorded value was 729.00 million current LCU in 2005.
- How does Greenland rank for gross domestic savings?
- Greenland ranks 141st out of 188 countries with data for 2023.
- Is gross domestic savings rising or falling in Greenland?
- Over the last ten years it is up 307.6%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.