Gross value added at basic prices (GVA) in Greenland
Greenland: Gross value added at basic prices (GVA) was 22.00 billion current LCU 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 current LCU.
Analysis
Greenland recorded 22.00 billion current LCU 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 2.7% on the previous year and up 50.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Greenland peaked at 22.00 billion current LCU in 2023 and was at its lowest, 10.04 billion current LCU, in 2003.
That places Greenland 167th out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.47 billion current LCU | 10.04 billion current LCU | 13.14 billion current LCU | 7 |
| 2010s | 16.22 billion current LCU | 13.67 billion current LCU | 19.22 billion current LCU | 10 |
| 2020s | 20.71 billion current LCU | 19.46 billion current LCU | 22.00 billion current LCU | 4 |
Countries ranked near Greenland
- 164 Eritrea 27.75 billion current LCU compare
- 165 Faroe Islands 24.64 billion current LCU compare
- 168 Brunei 19.94 billion current LCU compare
- 169 Sao Tome and Principe 19.86 billion current LCU compare
- 170 Bahrain 17.63 billion current LCU compare
More economy & growth data for Greenland
- Services, value added 10.29 billion constant LCU (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Industry (including construction), value added 18.4% (2023)
- Services, value added 2.03 billion current US$ (2023)
- Services, value added 13.98 billion current LCU (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Services, value added 2.2% (2023)
- Net secondary income (Net current transfers from abroad) 3.48 billion current LCU (2002)
- DEC alternative conversion factor 6.62 LCU per US$ (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Greenland?
- Gross value added at basic prices (gva) in Greenland was 22.00 billion current LCU 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 22.00 billion current LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Greenland?
- The lowest recorded value was 10.04 billion current LCU in 2003.
- How does Greenland rank for gross value added at basic prices (gva)?
- Greenland ranks 167th out of 206 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 50.3%. 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.