Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Greenland
Greenland: Gross value added at basic prices (GVA) (current LCU), per unit of GDP was 6.61 current LCU per US$ of GDP in 2023. ▲ Rising
Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), per unit of gdp in Greenland is 6.61 current LCU per US$ of GDP, measured in 2023.
The figure is down 2.7% on the previous year and up 21.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), per unit of gdp in Greenland peaked at 6.8 current LCU per US$ of GDP in 2022 and was at its lowest, 4.92 current LCU per US$ of GDP, in 2008.
That places Greenland 112th out of 205 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Greenland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 6.44 current LCU per US$ of GDP | — |
| 2004 | 5.84 current LCU per US$ of GDP | -9.3% |
| 2005 | 5.81 current LCU per US$ of GDP | -0.5% |
| 2006 | 5.76 current LCU per US$ of GDP | -0.9% |
| 2007 | 5.25 current LCU per US$ of GDP | -8.8% |
| 2008 | 4.92 current LCU per US$ of GDP | -6.4% |
| 2009 | 5.19 current LCU per US$ of GDP | +5.5% |
| 2010 | 5.46 current LCU per US$ of GDP | +5.2% |
| 2011 | 5.21 current LCU per US$ of GDP | -4.5% |
| 2012 | 5.6 current LCU per US$ of GDP | +7.5% |
| 2013 | 5.45 current LCU per US$ of GDP | -2.7% |
| 2014 | 5.42 current LCU per US$ of GDP | -0.6% |
| 2015 | 6.53 current LCU per US$ of GDP | +20.4% |
| 2016 | 6.5 current LCU per US$ of GDP | -0.4% |
| 2017 | 6.38 current LCU per US$ of GDP | -1.8% |
| 2018 | 6.06 current LCU per US$ of GDP | -5.0% |
| 2019 | 6.41 current LCU per US$ of GDP | +5.8% |
| 2020 | 6.3 current LCU per US$ of GDP | -1.8% |
| 2021 | 6.06 current LCU per US$ of GDP | -3.8% |
| 2022 | 6.8 current LCU per US$ of GDP | +12.2% |
| 2023 | 6.61 current LCU per US$ of GDP | -2.7% |
Greenland compared with similar countries
- Greenland's 6.61 current LCU per US$ of GDP is above the median for high income countries, which is 0.9962 current LCU per US$ of GDP, 6.6× the median. (77 countries reporting)
- Greenland's 6.61 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.8964 current LCU per US$ of GDP, 7.4× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.6 current LCU per US$ of GDP | 4.92 current LCU per US$ of GDP | 6.44 current LCU per US$ of GDP | 7 |
| 2010s | 5.9 current LCU per US$ of GDP | 5.21 current LCU per US$ of GDP | 6.53 current LCU per US$ of GDP | 10 |
| 2020s | 6.44 current LCU per US$ of GDP | 6.06 current LCU per US$ of GDP | 6.8 current LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 109 Macao 7.77 current LCU per US$ of GDP compare
- 110 Hong Kong 7.62 current LCU per US$ of GDP compare
- 111 Guatemala 7.18 current LCU per US$ of GDP compare
- 113 Bolivia 6.46 current LCU per US$ of GDP compare
- 114 Trinidad and Tobago 6.39 current LCU per US$ of GDP compare
- 115 Faroe Islands 6.08 current LCU per US$ of GDP 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), per unit of gdp in Greenland?
- Gross value added at basic prices (gva) (current lcu), per unit of gdp in Greenland was 6.61 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 6.8 current LCU per US$ of GDP in 2022.
- What is the lowest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 4.92 current LCU per US$ of GDP in 2008.
- How does Greenland rank for gross value added at basic prices (gva) (current lcu), per unit of gdp?
- Greenland ranks 112th out of 205 countries with data for 2023.
- Is gross value added at basic prices (gva) (current lcu), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is rising.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (current LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Gross value added at basic prices (GVA) (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.