Gross domestic savings (current US$), per unit of GDP (unit GDP US) in Greenland
Greenland: Gross domestic savings (current US$), per unit of GDP (unit GDP US) was 0.257 current US$ per US$ of GDP in 2023. ▲ Rising
Gross domestic savings (current US$), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Greenland recorded 0.257 current US$ per US$ of GDP for gross domestic savings (current us$), per unit of gdp in 2023.
Compared with earlier readings it is down 1.4% on the previous year and up 168.2% over ten years.
Over the whole period, gross domestic savings (current us$), per unit of gdp in Greenland peaked at 0.2606 current US$ per US$ of GDP in 2022 and was at its lowest, 0.0657 current US$ per US$ of GDP, in 2005.
That places Greenland 63rd out of 187 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Gross domestic savings (current US$), per unit of GDP (unit GDP US) in Greenland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.0765 current US$ per US$ of GDP | — |
| 2004 | 0.0674 current US$ per US$ of GDP | -11.9% |
| 2005 | 0.0657 current US$ per US$ of GDP | -2.5% |
| 2006 | 0.0905 current US$ per US$ of GDP | +37.7% |
| 2007 | 0.0794 current US$ per US$ of GDP | -12.3% |
| 2008 | 0.0688 current US$ per US$ of GDP | -13.3% |
| 2009 | 0.0792 current US$ per US$ of GDP | +15.0% |
| 2010 | 0.0999 current US$ per US$ of GDP | +26.2% |
| 2011 | 0.0946 current US$ per US$ of GDP | -5.4% |
| 2012 | 0.1172 current US$ per US$ of GDP | +23.9% |
| 2013 | 0.0959 current US$ per US$ of GDP | -18.2% |
| 2014 | 0.1245 current US$ per US$ of GDP | +29.9% |
| 2015 | 0.1609 current US$ per US$ of GDP | +29.2% |
| 2016 | 0.2019 current US$ per US$ of GDP | +25.5% |
| 2017 | 0.2079 current US$ per US$ of GDP | +3.0% |
| 2018 | 0.2087 current US$ per US$ of GDP | +0.4% |
| 2019 | 0.2116 current US$ per US$ of GDP | +1.4% |
| 2020 | 0.2229 current US$ per US$ of GDP | +5.3% |
| 2021 | 0.2154 current US$ per US$ of GDP | -3.4% |
| 2022 | 0.2606 current US$ per US$ of GDP | +21.0% |
| 2023 | 0.257 current US$ per US$ of GDP | -1.4% |
Greenland compared with similar countries
- Greenland's 0.257 current US$ per US$ of GDP is above the median for high income countries, which is 0.257 current US$ per US$ of GDP, 1.0× the median. (67 countries reporting)
- Greenland's 0.257 current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.2423 current US$ per US$ of GDP, 1.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0754 current US$ per US$ of GDP | 0.0657 current US$ per US$ of GDP | 0.0905 current US$ per US$ of GDP | 7 |
| 2010s | 0.1523 current US$ per US$ of GDP | 0.0946 current US$ per US$ of GDP | 0.2116 current US$ per US$ of GDP | 10 |
| 2020s | 0.239 current US$ per US$ of GDP | 0.2154 current US$ per US$ of GDP | 0.2606 current US$ per US$ of GDP | 4 |
Countries ranked near Greenland
- 60 Malaysia 0.26 current US$ per US$ of GDP compare
- 61 Estonia 0.2588 current US$ per US$ of GDP compare
- 62 Sri Lanka 0.2577 current US$ per US$ of GDP compare
- 64 Belarus 0.2552 current US$ per US$ of GDP compare
- 65 Spain 0.2523 current US$ per US$ of GDP compare
- 66 Azerbaijan 0.251 current US$ per US$ of GDP compare
More economy & growth data for Greenland
- General government final consumption expenditure (current LCU), per 2.87 current LCU 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)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
- General government final consumption expenditure (current US$) 6.62 % change on previous year (2023)
- General government final consumption expenditure (current US$), per 0.4171 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), annual growth rate 6.03 % change on previous year (2023)
Frequently asked questions
- What is gross domestic savings (current us$), per unit of gdp in Greenland?
- Gross domestic savings (current us$), per unit of gdp in Greenland was 0.257 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic savings (current us$), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.2606 current US$ per US$ of GDP in 2022.
- What is the lowest gross domestic savings (current us$), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.0657 current US$ per US$ of GDP in 2005.
- How does Greenland rank for gross domestic savings (current us$), per unit of gdp?
- Greenland ranks 63rd out of 187 countries with data for 2023.
- Is gross domestic savings (current us$), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 168.2%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic savings (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic savings (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic savings (current US$) ÷ GDP (current US$)
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross domestic savings (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.