Gross national expenditure in Greenland
Greenland: Gross national expenditure was 20.63 billion constant LCU in 2023. ▲ Rising
Gross national expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, gross national expenditure in Greenland stood at 20.63 billion constant LCU.
Compared with earlier readings it is down 0.3% on the previous year and up 19.5% over ten years.
Over the whole period, gross national expenditure in Greenland peaked at 21.70 billion constant LCU in 2011 and was at its lowest, 12.82 billion constant LCU, in 2003.
That places Greenland 144th out of 168 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross national expenditure in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 12.82 billion constant LCU | — |
| 2004 | 13.24 billion constant LCU | +3.3% |
| 2005 | 14.44 billion constant LCU | +9.1% |
| 2006 | 14.93 billion constant LCU | +3.4% |
| 2007 | 15.92 billion constant LCU | +6.6% |
| 2008 | 17.62 billion constant LCU | +10.7% |
| 2009 | 17.29 billion constant LCU | -1.9% |
| 2010 | 20.04 billion constant LCU | +15.9% |
| 2011 | 21.70 billion constant LCU | +8.3% |
| 2012 | 18.20 billion constant LCU | -16.1% |
| 2013 | 17.26 billion constant LCU | -5.1% |
| 2014 | 16.34 billion constant LCU | -5.4% |
| 2015 | 16.66 billion constant LCU | +2.0% |
| 2016 | 17.28 billion constant LCU | +3.7% |
| 2017 | 17.27 billion constant LCU | -0.0% |
| 2018 | 17.31 billion constant LCU | +0.2% |
| 2019 | 19.38 billion constant LCU | +12.0% |
| 2020 | 19.52 billion constant LCU | +0.7% |
| 2021 | 20.68 billion constant LCU | +6.0% |
| 2022 | 20.70 billion constant LCU | +0.1% |
| 2023 | 20.63 billion constant LCU | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.18 billion constant LCU | 12.82 billion constant LCU | 17.62 billion constant LCU | 7 |
| 2010s | 18.14 billion constant LCU | 16.34 billion constant LCU | 21.70 billion constant LCU | 10 |
| 2020s | 20.38 billion constant LCU | 19.52 billion constant LCU | 20.70 billion constant LCU | 4 |
Countries ranked near Greenland
- 141 Kuwait 29.83 billion constant LCU compare
- 142 Estonia 29.79 billion constant LCU compare
- 143 Cyprus 29.00 billion constant LCU compare
- 145 Azerbaijan 18.86 billion constant LCU compare
- 146 South Sudan 18.79 billion constant LCU compare
- 147 Venezuela, Bolivarian Republic of 18.31 billion constant LCU compare
More economy & growth data for Greenland
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
- Net primary income (Net income from abroad) (current US$), annual 41.62 % change on previous year (2007)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
- 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)
- Gdp worldbank constant usd, per unit of GDP 0.8535 units per US$ of GDP (2023)
Frequently asked questions
- What is gross national expenditure in Greenland?
- Gross national expenditure in Greenland was 20.63 billion constant LCU 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 21.70 billion constant LCU in 2011.
- What is the lowest gross national expenditure recorded in Greenland?
- The lowest recorded value was 12.82 billion constant LCU in 2003.
- How does Greenland rank for gross national expenditure?
- Greenland ranks 144th out of 168 countries with data for 2023.
- Is gross national expenditure rising or falling in Greenland?
- Over the last ten years it is up 19.5%. 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 LCU). 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 varies by country. This series is expressed in local currency units.