Gross national expenditure (constant 2015 US$) in Greenland
Greenland: Gross national expenditure (constant 2015 US$) was 3.34 billion constant 2015 US$ in 2023. ▲ Rising
Gross national expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2023, gross national expenditure in Greenland stood at 3.34 billion constant 2015 US$.
Compared with earlier readings it is down 0.3% on the previous year and up 19.4% over ten years.
Over the whole period, gross national expenditure in Greenland peaked at 3.50 billion constant 2015 US$ in 2011 and was at its lowest, 2.08 billion constant 2015 US$, in 2003.
Greenland ranks 145th of 163 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross national expenditure (constant 2015 US$) in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 2.08 billion constant 2015 US$ | — |
| 2004 | 2.15 billion constant 2015 US$ | +3.3% |
| 2005 | 2.34 billion constant 2015 US$ | +9.0% |
| 2006 | 2.42 billion constant 2015 US$ | +3.4% |
| 2007 | 2.58 billion constant 2015 US$ | +6.5% |
| 2008 | 2.85 billion constant 2015 US$ | +10.6% |
| 2009 | 2.80 billion constant 2015 US$ | -1.8% |
| 2010 | 3.24 billion constant 2015 US$ | +15.7% |
| 2011 | 3.50 billion constant 2015 US$ | +8.2% |
| 2012 | 2.94 billion constant 2015 US$ | -16.0% |
| 2013 | 2.79 billion constant 2015 US$ | -5.1% |
| 2014 | 2.65 billion constant 2015 US$ | -5.3% |
| 2015 | 2.70 billion constant 2015 US$ | +1.9% |
| 2016 | 2.80 billion constant 2015 US$ | +3.7% |
| 2017 | 2.80 billion constant 2015 US$ | -0.0% |
| 2018 | 2.80 billion constant 2015 US$ | +0.2% |
| 2019 | 3.14 billion constant 2015 US$ | +11.9% |
| 2020 | 3.16 billion constant 2015 US$ | +0.7% |
| 2021 | 3.34 billion constant 2015 US$ | +5.9% |
| 2022 | 3.35 billion constant 2015 US$ | +0.1% |
| 2023 | 3.34 billion constant 2015 US$ | -0.3% |
Greenland compared with similar countries
- Greenland's 3.34 billion constant 2015 US$ is below the median for high income countries, which is 222.30 billion constant 2015 US$, 2% of the median. (58 countries reporting)
- Greenland's 3.34 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 101.50 billion constant 2015 US$, 3% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.46 billion constant 2015 US$ | 2.08 billion constant 2015 US$ | 2.85 billion constant 2015 US$ | 7 |
| 2010s | 2.94 billion constant 2015 US$ | 2.65 billion constant 2015 US$ | 3.50 billion constant 2015 US$ | 10 |
| 2020s | 3.30 billion constant 2015 US$ | 3.16 billion constant 2015 US$ | 3.35 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 142 Eswatini 4.49 billion constant 2015 US$ compare
- 143 Djibouti 3.71 billion constant 2015 US$ compare
- 144 Lesotho 3.69 billion constant 2015 US$ compare
- 146 Bhutan 3.27 billion constant 2015 US$ compare
- 147 Central African Republic 2.99 billion constant 2015 US$ compare
- 148 Cape Verde 2.87 billion constant 2015 US$ compare
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 national expenditure in Greenland?
- Gross national expenditure in Greenland was 3.34 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Greenland?
- The highest recorded value was 3.50 billion constant 2015 US$ in 2011.
- What is the lowest gross national expenditure recorded in Greenland?
- The lowest recorded value was 2.08 billion constant 2015 US$ in 2003.
- How does Greenland rank for gross national expenditure?
- Greenland ranks 145th out of 163 countries with data for 2023.
- Is gross national expenditure rising or falling in Greenland?
- Over the last ten years it is up 19.4%. 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 national expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.