Gross domestic savings in Greenland
Greenland: Gross domestic savings was 855.01 million current US$ in 2023. ◆ Volatile
Gross domestic savings in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2023, gross domestic savings in Greenland stood at 855.01 million current US$. That is the highest value across all 21 years on record.
The figure is up 4.1% on the previous year and up 232.2% over ten years.
Over the whole period, gross domestic savings in Greenland peaked at 855.01 million current US$ in 2023 and was at its lowest, 119.24 million current US$, in 2003.
Greenland ranks 143rd of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 119.24 million current US$ | — |
| 2004 | 122.78 million current US$ | +3.0% |
| 2005 | 121.56 million current US$ | -1.0% |
| 2006 | 182.20 million current US$ | +49.9% |
| 2007 | 178.54 million current US$ | -2.0% |
| 2008 | 172.02 million current US$ | -3.6% |
| 2009 | 200.30 million current US$ | +16.4% |
| 2010 | 250.16 million current US$ | +24.9% |
| 2011 | 253.88 million current US$ | +1.5% |
| 2012 | 305.79 million current US$ | +20.4% |
| 2013 | 257.36 million current US$ | -15.8% |
| 2014 | 353.98 million current US$ | +37.5% |
| 2015 | 402.07 million current US$ | +13.6% |
| 2016 | 546.55 million current US$ | +35.9% |
| 2017 | 592.92 million current US$ | +8.5% |
| 2018 | 637.85 million current US$ | +7.6% |
| 2019 | 634.34 million current US$ | -0.6% |
| 2020 | 688.60 million current US$ | +8.6% |
| 2021 | 709.29 million current US$ | +3.0% |
| 2022 | 821.35 million current US$ | +15.8% |
| 2023 | 855.01 million current US$ | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 156.66 million current US$ | 119.24 million current US$ | 200.30 million current US$ | 7 |
| 2010s | 423.49 million current US$ | 250.16 million current US$ | 637.85 million current US$ | 10 |
| 2020s | 768.56 million current US$ | 688.60 million current US$ | 855.01 million current US$ | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
Frequently asked questions
- What is gross domestic savings in Greenland?
- Gross domestic savings in Greenland was 855.01 million current US$ 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 855.01 million current US$ in 2023.
- What is the lowest gross domestic savings recorded in Greenland?
- The lowest recorded value was 119.24 million current US$ in 2003.
- How does Greenland rank for gross domestic savings?
- Greenland ranks 143rd out of 187 countries with data for 2023.
- Is gross domestic savings rising or falling in Greenland?
- Over the last ten years it is up 232.2%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.