Gross value added at basic prices (GVA) (current US$) in Greenland
Greenland: Gross value added at basic prices (GVA) (current US$) was 3.19 billion current US$ in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Greenland recorded 3.19 billion current US$ for gross value added at basic prices (gva) in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 5.4% on the previous year and up 22.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Greenland peaked at 3.19 billion current US$ in 2023 and was at its lowest, 1.52 billion current US$, in 2003.
Greenland ranks 174th of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross value added at basic prices (GVA) (current US$) in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 1.52 billion current US$ | — |
| 2004 | 1.78 billion current US$ | +16.6% |
| 2005 | 1.79 billion current US$ | +0.9% |
| 2006 | 1.95 billion current US$ | +8.8% |
| 2007 | 2.17 billion current US$ | +11.4% |
| 2008 | 2.41 billion current US$ | +11.1% |
| 2009 | 2.45 billion current US$ | +1.6% |
| 2010 | 2.43 billion current US$ | -0.8% |
| 2011 | 2.61 billion current US$ | +7.2% |
| 2012 | 2.52 billion current US$ | -3.1% |
| 2013 | 2.61 billion current US$ | +3.2% |
| 2014 | 2.75 billion current US$ | +5.3% |
| 2015 | 2.42 billion current US$ | -11.7% |
| 2016 | 2.61 billion current US$ | +7.8% |
| 2017 | 2.76 billion current US$ | +5.4% |
| 2018 | 2.93 billion current US$ | +6.5% |
| 2019 | 2.88 billion current US$ | -1.8% |
| 2020 | 2.98 billion current US$ | +3.2% |
| 2021 | 3.17 billion current US$ | +6.7% |
| 2022 | 3.03 billion current US$ | -4.6% |
| 2023 | 3.19 billion current US$ | +5.4% |
Greenland compared with similar countries
- Greenland's 3.19 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 3% of the median. (77 countries reporting)
- Greenland's 3.19 billion current US$ is below the median for Europe & Central Asia, which is 89.25 billion current US$, 4% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.01 billion current US$ | 1.52 billion current US$ | 2.45 billion current US$ | 7 |
| 2010s | 2.65 billion current US$ | 2.42 billion current US$ | 2.93 billion current US$ | 10 |
| 2020s | 3.09 billion current US$ | 2.98 billion current US$ | 3.19 billion current US$ | 4 |
Countries ranked near Greenland
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) in Greenland?
- Gross value added at basic prices (gva) in Greenland was 3.19 billion current US$ 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 3.19 billion current US$ in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Greenland?
- The lowest recorded value was 1.52 billion current US$ in 2003.
- How does Greenland rank for gross value added at basic prices (gva)?
- Greenland ranks 174th out of 207 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 22.5%. 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.