Gross domestic savings in Greenland
Greenland: Gross domestic savings was 25.7% in 2023. ▲ Rising
Gross domestic savings in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Greenland recorded 25.7% for gross domestic savings in 2023.
The figure is down 1.4% on the previous year and up 168.2% over ten years.
Over the whole period, gross domestic savings in Greenland peaked at 26.1% in 2022 and was at its lowest, 6.6%, in 2005.
That places Greenland 63rd out of 188 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 in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 7.6% | — |
| 2004 | 6.7% | -11.9% |
| 2005 | 6.6% | -2.5% |
| 2006 | 9.1% | +37.7% |
| 2007 | 7.9% | -12.3% |
| 2008 | 6.9% | -13.3% |
| 2009 | 7.9% | +15.0% |
| 2010 | 10.0% | +26.2% |
| 2011 | 9.5% | -5.4% |
| 2012 | 11.7% | +23.9% |
| 2013 | 9.6% | -18.2% |
| 2014 | 12.5% | +29.9% |
| 2015 | 16.1% | +29.2% |
| 2016 | 20.2% | +25.5% |
| 2017 | 20.8% | +3.0% |
| 2018 | 20.9% | +0.4% |
| 2019 | 21.2% | +1.4% |
| 2020 | 22.3% | +5.3% |
| 2021 | 21.5% | -3.4% |
| 2022 | 26.1% | +21.0% |
| 2023 | 25.7% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.5% | 6.6% | 9.1% | 7 |
| 2010s | 15.2% | 9.5% | 21.2% | 10 |
| 2020s | 23.9% | 21.5% | 26.1% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current US$) 5.29 % change on previous year (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Exports of goods and services (current LCU), annual growth rate 2.77 % change on previous year (2023)
Frequently asked questions
- What is gross domestic savings in Greenland?
- Gross domestic savings in Greenland was 25.7% 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 26.1% in 2022.
- What is the lowest gross domestic savings recorded in Greenland?
- The lowest recorded value was 6.6% in 2005.
- How does Greenland rank for gross domestic savings?
- Greenland ranks 63rd 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 168.2%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.