Gross national expenditure (current LCU) in Greenland
Greenland: Gross national expenditure (current LCU) was 25.28 billion current LCU in 2023. ▲ Rising
Gross national expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross national expenditure in Greenland is 25.28 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 39.1% over ten years.
Over the whole period, gross national expenditure in Greenland peaked at 25.28 billion current LCU in 2023 and was at its lowest, 11.47 billion current LCU, in 2003.
Greenland ranks 161st of 186 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 (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 11.47 billion current LCU | — |
| 2004 | 11.96 billion current LCU | +4.3% |
| 2005 | 13.04 billion current LCU | +9.0% |
| 2006 | 13.66 billion current LCU | +4.7% |
| 2007 | 15.01 billion current LCU | +9.9% |
| 2008 | 17.00 billion current LCU | +13.2% |
| 2009 | 16.86 billion current LCU | -0.8% |
| 2010 | 20.04 billion current LCU | +18.9% |
| 2011 | 22.27 billion current LCU | +11.1% |
| 2012 | 19.04 billion current LCU | -14.5% |
| 2013 | 18.17 billion current LCU | -4.6% |
| 2014 | 17.57 billion current LCU | -3.3% |
| 2015 | 18.15 billion current LCU | +3.3% |
| 2016 | 19.01 billion current LCU | +4.7% |
| 2017 | 19.36 billion current LCU | +1.9% |
| 2018 | 19.46 billion current LCU | +0.5% |
| 2019 | 22.01 billion current LCU | +13.1% |
| 2020 | 22.38 billion current LCU | +1.7% |
| 2021 | 23.93 billion current LCU | +6.9% |
| 2022 | 24.94 billion current LCU | +4.2% |
| 2023 | 25.28 billion current LCU | +1.4% |
Greenland compared with similar countries
- Greenland's 25.28 billion current LCU is below the median for high income countries, which is 501.74 billion current LCU, 5% of the median. (66 countries reporting)
- Greenland's 25.28 billion current LCU is below the median for Europe & Central Asia, which is 577.26 billion current LCU, 4% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.14 billion current LCU | 11.47 billion current LCU | 17.00 billion current LCU | 7 |
| 2010s | 19.51 billion current LCU | 17.57 billion current LCU | 22.27 billion current LCU | 10 |
| 2020s | 24.13 billion current LCU | 22.38 billion current LCU | 25.28 billion current LCU | 4 |
Countries ranked near Greenland
- 158 Oman 34.07 billion current LCU compare
- 159 Faroe Islands 27.00 billion current LCU compare
- 160 Sao Tome and Principe 25.55 billion current LCU compare
- 162 Palestine 22.87 billion current LCU compare
- 163 Malta 19.86 billion current LCU compare
- 164 Solomon Islands 17.08 billion current LCU 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 25.28 billion current 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 25.28 billion current LCU in 2023.
- What is the lowest gross national expenditure recorded in Greenland?
- The lowest recorded value was 11.47 billion current LCU in 2003.
- How does Greenland rank for gross national expenditure?
- Greenland ranks 161st out of 186 countries with data for 2023.
- Is gross national expenditure rising or falling in Greenland?
- Over the last ten years it is up 39.1%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.