Gross value added at basic prices … current US annual growth rate in Greenland
Greenland: Gross value added at basic prices … current US annual growth rate was 5.43 % change on previous year in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 5.43 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 2023.
The figure is up 218.9% on the previous year and up 68.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Greenland peaked at 16.62 % change on previous year in 2004 and was at its lowest, -11.67 % change on previous year, in 2015.
That places Greenland 144th out of 205 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current US annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 16.62 % change on previous year | — |
| 2005 | 0.917 % change on previous year | -94.5% |
| 2006 | 8.77 % change on previous year | +856.6% |
| 2007 | 11.37 % change on previous year | +29.6% |
| 2008 | 11.07 % change on previous year | -2.7% |
| 2009 | 1.58 % change on previous year | -85.7% |
| 2010 | -0.806 % change on previous year | -150.9% |
| 2011 | 7.24 % change on previous year | -998.1% |
| 2012 | -3.14 % change on previous year | -143.3% |
| 2013 | 3.22 % change on previous year | -202.6% |
| 2014 | 5.33 % change on previous year | +65.6% |
| 2015 | -11.67 % change on previous year | -319.0% |
| 2016 | 7.78 % change on previous year | -166.7% |
| 2017 | 5.43 % change on previous year | -30.2% |
| 2018 | 6.48 % change on previous year | +19.4% |
| 2019 | -1.76 % change on previous year | -127.2% |
| 2020 | 3.24 % change on previous year | -283.8% |
| 2021 | 6.67 % change on previous year | +106.0% |
| 2022 | -4.57 % change on previous year | -168.5% |
| 2023 | 5.43 % change on previous year | -218.9% |
Greenland compared with similar countries
- Greenland's 5.43 % change on previous year is below the median for high income countries, which is 7.69 % change on previous year, 71% of the median. (77 countries reporting)
- Greenland's 5.43 % change on previous year is below the median for Europe & Central Asia, which is 10.45 % change on previous year, 52% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.39 % change on previous year | 0.917 % change on previous year | 16.62 % change on previous year | 6 |
| 2010s | 1.81 % change on previous year | -11.67 % change on previous year | 7.78 % change on previous year | 10 |
| 2020s | 2.69 % change on previous year | -4.57 % change on previous year | 6.67 % change on previous year | 4 |
Countries ranked near Greenland
- 141 Philippines 5.5 % change on previous year compare
- 142 Bolivia 5.49 % change on previous year compare
- 143 Saint Kitts and Nevis 5.49 % change on previous year compare
- 145 Jordan 5.37 % change on previous year compare
- 146 Solomon Islands 5.31 % change on previous year compare
- 147 Belize 5.31 % 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 us$), annual growth in Greenland?
- Gross value added at basic prices (gva) (current us$), annual growth in Greenland was 5.43 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Greenland?
- The highest recorded value was 16.62 % change on previous year in 2004.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Greenland?
- The lowest recorded value was -11.67 % change on previous year in 2015.
- How does Greenland rank for gross value added at basic prices (gva) (current us$), annual growth?
- Greenland ranks 144th out of 205 countries with data for 2023.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Greenland?
- Over the last ten years it is up 68.8%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.