Gross value added at basic prices (GVA) (constant LCU) in Greenland
Greenland: Gross value added at basic prices (GVA) (constant LCU) was 16.31 billion constant LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Greenland stood at 16.31 billion constant LCU. 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 16.31 billion constant LCU in 2023 and was at its lowest, 10.54 billion constant LCU, in 2003.
Greenland ranks 159th of 198 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) (constant LCU) in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 10.54 billion constant LCU | — |
| 2004 | 11.15 billion constant LCU | +5.8% |
| 2005 | 11.69 billion constant LCU | +4.9% |
| 2006 | 12.31 billion constant LCU | +5.3% |
| 2007 | 12.52 billion constant LCU | +1.7% |
| 2008 | 13.33 billion constant LCU | +6.4% |
| 2009 | 13.38 billion constant LCU | +0.4% |
| 2010 | 13.67 billion constant LCU | +2.1% |
| 2011 | 13.62 billion constant LCU | -0.4% |
| 2012 | 13.80 billion constant LCU | +1.3% |
| 2013 | 13.62 billion constant LCU | -1.3% |
| 2014 | 14.27 billion constant LCU | +4.8% |
| 2015 | 14.00 billion constant LCU | -1.9% |
| 2016 | 14.71 billion constant LCU | +5.0% |
| 2017 | 14.76 billion constant LCU | +0.4% |
| 2018 | 14.98 billion constant LCU | +1.5% |
| 2019 | 15.53 billion constant LCU | +3.6% |
| 2020 | 15.64 billion constant LCU | +0.7% |
| 2021 | 15.77 billion constant LCU | +0.8% |
| 2022 | 16.11 billion constant LCU | +2.2% |
| 2023 | 16.31 billion constant LCU | +1.3% |
Greenland compared with similar countries
- Greenland's 16.31 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 6% of the median. (70 countries reporting)
- Greenland's 16.31 billion constant LCU is below the median for Europe & Central Asia, which is 405.98 billion constant LCU, 4% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.13 billion constant LCU | 10.54 billion constant LCU | 13.38 billion constant LCU | 7 |
| 2010s | 14.29 billion constant LCU | 13.62 billion constant LCU | 15.53 billion constant LCU | 10 |
| 2020s | 15.96 billion constant LCU | 15.64 billion constant LCU | 16.31 billion constant LCU | 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 value added at basic prices (gva) in Greenland?
- Gross value added at basic prices (gva) in Greenland was 16.31 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Greenland?
- The highest recorded value was 16.31 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Greenland?
- The lowest recorded value was 10.54 billion constant LCU in 2003.
- How does Greenland rank for gross value added at basic prices (gva)?
- Greenland ranks 159th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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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 varies by country. This series is expressed in local currency units.