Gross value added at basic prices … current LCU annual growth rate in Greenland
Greenland: Gross value added at basic prices … current LCU annual growth rate was 2.66 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 2.66 % change on previous year for gross value added at basic prices (gva) (current lcu), annual growth in 2023.
The figure is down 64.1% on the previous year and up 3,277.2% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Greenland peaked at 7.86 % change on previous year in 2006 and was at its lowest, 0.0786 % change on previous year, in 2013.
Greenland ranks 176th of 205 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 … current LCU annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 6.06 % change on previous year | — |
| 2005 | 1.02 % change on previous year | -83.2% |
| 2006 | 7.86 % change on previous year | +674.1% |
| 2007 | 1.95 % change on previous year | -75.2% |
| 2008 | 4.02 % change on previous year | +106.1% |
| 2009 | 6.82 % change on previous year | +69.7% |
| 2010 | 4.06 % change on previous year | -40.4% |
| 2011 | 2.37 % change on previous year | -41.7% |
| 2012 | 4.51 % change on previous year | +90.4% |
| 2013 | 0.0786 % change on previous year | -98.3% |
| 2014 | 5.26 % change on previous year | +6585.2% |
| 2015 | 5.88 % change on previous year | +11.9% |
| 2016 | 7.84 % change on previous year | +33.3% |
| 2017 | 3.41 % change on previous year | -56.5% |
| 2018 | 1.83 % change on previous year | -46.2% |
| 2019 | 3.76 % change on previous year | +105.1% |
| 2020 | 1.27 % change on previous year | -66.3% |
| 2021 | 2.51 % change on previous year | +98.1% |
| 2022 | 7.41 % change on previous year | +195.0% |
| 2023 | 2.66 % change on previous year | -64.1% |
Greenland compared with similar countries
- Greenland's 2.66 % change on previous year is below the median for high income countries, which is 5.13 % change on previous year, 52% of the median. (77 countries reporting)
- Greenland's 2.66 % change on previous year is below the median for Europe & Central Asia, which is 5.47 % change on previous year, 49% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current LCU annual growth rate in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +6585.2% | 0.0786 % change on previous year | 5.26 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.62 % change on previous year | 1.02 % change on previous year | 7.86 % change on previous year | 6 |
| 2010s | 3.9 % change on previous year | 0.0786 % change on previous year | 7.84 % change on previous year | 10 |
| 2020s | 3.46 % change on previous year | 1.27 % change on previous year | 7.41 % change on previous year | 4 |
Countries ranked near Greenland
- 173 Botswana 2.8 % change on previous year compare
- 174 Sweden 2.79 % change on previous year compare
- 175 Singapore 2.77 % change on previous year compare
- 177 Tuvalu 2.64 % change on previous year compare
- 178 Puerto Rico 2.6 % change on previous year compare
- 179 Norway 2.47 % change on previous year compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Greenland?
- Gross value added at basic prices (gva) (current lcu), annual growth in Greenland was 2.66 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Greenland?
- The highest recorded value was 7.86 % change on previous year in 2006.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Greenland?
- The lowest recorded value was 0.0786 % change on previous year in 2013.
- How does Greenland rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Greenland ranks 176th out of 205 countries with data for 2023.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Greenland?
- Over the last ten years it is up 3,277.2%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current 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 Organizations and/or Central Banks
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) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.