Gross value added at basic prices (GVA) in Greenland
Greenland: Gross value added at basic prices (GVA) 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$, in 2003.
Greenland ranks 171st of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.01 billion current US$ | 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
- 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 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 171st out of 204 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.
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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.