Gross value added at basic prices (GVA) in Greenland
Greenland: Gross value added at basic prices (GVA) was 2.82 billion constant 2015 US$ in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Greenland recorded 2.82 billion constant 2015 US$ for gross value added at basic prices (gva) in 2023. That is the highest value across all 21 years on record.
That represents a change of up 1.3% on the previous year and up 19.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Greenland peaked at 2.82 billion constant 2015 US$ in 2023 and was at its lowest, 1.82 billion constant 2015 US$, in 2003.
Greenland ranks 167th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross value added at basic prices (GVA) in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 1.82 billion constant 2015 US$ | — |
| 2004 | 1.93 billion constant 2015 US$ | +5.8% |
| 2005 | 2.02 billion constant 2015 US$ | +4.9% |
| 2006 | 2.13 billion constant 2015 US$ | +5.3% |
| 2007 | 2.17 billion constant 2015 US$ | +1.7% |
| 2008 | 2.31 billion constant 2015 US$ | +6.4% |
| 2009 | 2.32 billion constant 2015 US$ | +0.4% |
| 2010 | 2.37 billion constant 2015 US$ | +2.1% |
| 2011 | 2.36 billion constant 2015 US$ | -0.4% |
| 2012 | 2.39 billion constant 2015 US$ | +1.3% |
| 2013 | 2.36 billion constant 2015 US$ | -1.3% |
| 2014 | 2.47 billion constant 2015 US$ | +4.8% |
| 2015 | 2.42 billion constant 2015 US$ | -1.9% |
| 2016 | 2.55 billion constant 2015 US$ | +5.0% |
| 2017 | 2.56 billion constant 2015 US$ | +0.4% |
| 2018 | 2.59 billion constant 2015 US$ | +1.5% |
| 2019 | 2.69 billion constant 2015 US$ | +3.6% |
| 2020 | 2.71 billion constant 2015 US$ | +0.7% |
| 2021 | 2.73 billion constant 2015 US$ | +0.8% |
| 2022 | 2.79 billion constant 2015 US$ | +2.2% |
| 2023 | 2.82 billion constant 2015 US$ | +1.3% |
Greenland compared with similar countries
- Greenland's 2.82 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 3% of the median. (69 countries reporting)
- Greenland's 2.82 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 71.18 billion constant 2015 US$, 4% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.10 billion constant 2015 US$ | 1.82 billion constant 2015 US$ | 2.32 billion constant 2015 US$ | 7 |
| 2010s | 2.48 billion constant 2015 US$ | 2.36 billion constant 2015 US$ | 2.69 billion constant 2015 US$ | 10 |
| 2020s | 2.76 billion constant 2015 US$ | 2.71 billion constant 2015 US$ | 2.82 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 164 Andorra 3.19 billion constant 2015 US$ compare
- 165 Bhutan 2.87 billion constant 2015 US$ compare
- 166 Aruba 2.86 billion constant 2015 US$ compare
- 168 Turks and Caicos Islands 2.34 billion constant 2015 US$ compare
- 169 Belize 2.34 billion constant 2015 US$ compare
- 170 Lesotho 2.21 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 value added at basic prices (gva) in Greenland?
- Gross value added at basic prices (gva) in Greenland was 2.82 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Greenland?
- The highest recorded value was 2.82 billion constant 2015 US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Greenland?
- The lowest recorded value was 1.82 billion constant 2015 US$ in 2003.
- How does Greenland rank for gross value added at basic prices (gva)?
- Greenland ranks 167th out of 194 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Greenland?
- Over the last ten years it is up 19.8%. 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.