Gross value added at basic prices (GVA) (constant LCU), annual growth in Greenland
Greenland: Gross value added at basic prices (GVA) (constant LCU), annual growth was 1.28 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 1.28 % change on previous year for gross value added at basic prices (gva) (constant lcu), annual growth in 2023.
That represents a change of down 40.7% on the previous year and up 198.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Greenland peaked at 6.42 % change on previous year in 2008 and was at its lowest, -1.86 % change on previous year, in 2015.
Greenland ranks 149th of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 5.77 % change on previous year | — |
| 2005 | 4.89 % change on previous year | -15.2% |
| 2006 | 5.31 % change on previous year | +8.6% |
| 2007 | 1.7 % change on previous year | -68.1% |
| 2008 | 6.42 % change on previous year | +278.4% |
| 2009 | 0.4405 % change on previous year | -93.1% |
| 2010 | 2.14 % change on previous year | +385.8% |
| 2011 | -0.3694 % change on previous year | -117.3% |
| 2012 | 1.29 % change on previous year | -448.4% |
| 2013 | -1.3 % change on previous year | -201.1% |
| 2014 | 4.78 % change on previous year | -467.3% |
| 2015 | -1.86 % change on previous year | -138.8% |
| 2016 | 5.04 % change on previous year | -371.4% |
| 2017 | 0.3624 % change on previous year | -92.8% |
| 2018 | 1.51 % change on previous year | +317.4% |
| 2019 | 3.63 % change on previous year | +140.2% |
| 2020 | 0.7316 % change on previous year | -79.9% |
| 2021 | 0.7934 % change on previous year | +8.4% |
| 2022 | 2.16 % change on previous year | +171.9% |
| 2023 | 1.28 % change on previous year | -40.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.09 % change on previous year | 0.4405 % change on previous year | 6.42 % change on previous year | 6 |
| 2010s | 1.52 % change on previous year | -1.86 % change on previous year | 5.04 % change on previous year | 10 |
| 2020s | 1.24 % change on previous year | 0.7316 % change on previous year | 2.16 % change on previous year | 4 |
Countries ranked near Greenland
- 146 United Kingdom 1.41 % change on previous year compare
- 147 Greece 1.34 % change on previous year compare
- 148 Switzerland 1.28 % change on previous year compare
- 150 Iceland 1.28 % change on previous year compare
- 151 Australia 1.25 % change on previous year compare
- 152 Azerbaijan 1.24 % change on previous year compare
More economy & growth data for Greenland
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- Gdp worldbank constant usd, per unit of GDP 0.8535 units per US$ of GDP (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- GNI, Atlas method (current US$), annual growth rate 14.64 % change on previous year (2007)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Greenland?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Greenland was 1.28 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Greenland?
- The highest recorded value was 6.42 % change on previous year in 2008.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Greenland?
- The lowest recorded value was -1.86 % change on previous year in 2015.
- How does Greenland rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Greenland ranks 149th out of 195 countries with data for 2023.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Greenland?
- Over the last ten years it is up 198.3%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.