Gross national expenditure (current US$) in Greenland
Greenland: Gross national expenditure (current US$) was 3.67 billion current US$ in 2023. ▲ Rising
Gross national expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2023, gross national expenditure in Greenland stood at 3.67 billion current US$.
Compared with earlier readings it is up 4.1% on the previous year and up 13.4% over ten years.
Over the whole period, gross national expenditure in Greenland peaked at 4.15 billion current US$ in 2011 and was at its lowest, 1.74 billion current US$, in 2003.
That places Greenland 165th out of 186 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross national expenditure (current US$) in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 1.74 billion current US$ | — |
| 2004 | 2.00 billion current US$ | +14.7% |
| 2005 | 2.18 billion current US$ | +8.9% |
| 2006 | 2.30 billion current US$ | +5.6% |
| 2007 | 2.76 billion current US$ | +20.1% |
| 2008 | 3.33 billion current US$ | +20.9% |
| 2009 | 3.14 billion current US$ | -5.7% |
| 2010 | 3.56 billion current US$ | +13.3% |
| 2011 | 4.15 billion current US$ | +16.4% |
| 2012 | 3.29 billion current US$ | -20.8% |
| 2013 | 3.24 billion current US$ | -1.6% |
| 2014 | 3.13 billion current US$ | -3.3% |
| 2015 | 2.70 billion current US$ | -13.8% |
| 2016 | 2.82 billion current US$ | +4.7% |
| 2017 | 2.93 billion current US$ | +3.8% |
| 2018 | 3.08 billion current US$ | +5.1% |
| 2019 | 3.30 billion current US$ | +7.1% |
| 2020 | 3.42 billion current US$ | +3.7% |
| 2021 | 3.81 billion current US$ | +11.3% |
| 2022 | 3.52 billion current US$ | -7.4% |
| 2023 | 3.67 billion current US$ | +4.1% |
Greenland compared with similar countries
- Greenland's 3.67 billion current US$ is below the median for high income countries, which is 195.11 billion current US$, 2% of the median. (66 countries reporting)
- Greenland's 3.67 billion current US$ is below the median for Europe & Central Asia, which is 143.45 billion current US$, 3% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.49 billion current US$ | 1.74 billion current US$ | 3.33 billion current US$ | 7 |
| 2010s | 3.22 billion current US$ | 2.70 billion current US$ | 4.15 billion current US$ | 10 |
| 2020s | 3.61 billion current US$ | 3.42 billion current US$ | 3.81 billion current US$ | 4 |
Countries ranked near Greenland
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 3.67 billion current 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 4.15 billion current US$ in 2011.
- What is the lowest gross national expenditure recorded in Greenland?
- The lowest recorded value was 1.74 billion current US$ in 2003.
- How does Greenland rank for gross national expenditure?
- Greenland ranks 165th 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 13.4%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.