Gross domestic savings (current US$) in Greenland
Greenland: Gross domestic savings (current US$) 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$, in 2003.
Greenland ranks 143rd of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current US$) 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% |
Greenland compared with similar countries
- Greenland's 855.01 million current US$ is below the median for high income countries, which is 52.49 billion current US$, 2% of the median. (67 countries reporting)
- Greenland's 855.01 million current US$ is below the median for Europe & Central Asia, which is 28.55 billion current US$, 3% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 156.66 million current US$ | 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
- General government final consumption expenditure (current LCU), per 168,109 current LCU 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)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- General government final consumption expenditure (current US$), 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$), per unit of GDP 0.743 current US$ per US$ of GDP (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 188 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.