Households and NPISHs Final consumption expenditure (current LCU) in Greenland
Greenland: Households and NPISHs Final consumption expenditure (current LCU) was 7.47 billion current LCU in 2023. ▲ Rising
Households and NPISHs Final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2023, households and npishs final consumption expenditure in Greenland stood at 7.47 billion current LCU. That is the highest value across all 21 years on record.
The figure is up 2.5% on the previous year and up 16.4% over ten years.
Over the whole period, households and npishs final consumption expenditure in Greenland peaked at 7.47 billion current LCU in 2023 and was at its lowest, 4.59 billion current LCU, in 2003.
That places Greenland 169th out of 190 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.
Households and NPISHs Final consumption expenditure (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 4.59 billion current LCU | — |
| 2004 | 5.13 billion current LCU | +11.7% |
| 2005 | 5.28 billion current LCU | +2.8% |
| 2006 | 5.46 billion current LCU | +3.4% |
| 2007 | 5.63 billion current LCU | +3.1% |
| 2008 | 5.75 billion current LCU | +2.1% |
| 2009 | 5.90 billion current LCU | +2.6% |
| 2010 | 6.08 billion current LCU | +3.1% |
| 2011 | 6.32 billion current LCU | +3.9% |
| 2012 | 6.43 billion current LCU | +1.7% |
| 2013 | 6.42 billion current LCU | -0.1% |
| 2014 | 6.65 billion current LCU | +3.6% |
| 2015 | 6.68 billion current LCU | +0.4% |
| 2016 | 6.83 billion current LCU | +2.3% |
| 2017 | 6.93 billion current LCU | +1.5% |
| 2018 | 6.94 billion current LCU | +0.2% |
| 2019 | 7.01 billion current LCU | +0.9% |
| 2020 | 6.89 billion current LCU | -1.6% |
| 2021 | 7.08 billion current LCU | +2.8% |
| 2022 | 7.29 billion current LCU | +2.9% |
| 2023 | 7.47 billion current LCU | +2.5% |
Greenland compared with similar countries
- Greenland's 7.47 billion current LCU is below the median for high income countries, which is 179.30 billion current LCU, 4% of the median. (70 countries reporting)
- Greenland's 7.47 billion current LCU is below the median for Europe & Central Asia, which is 320.87 billion current LCU, 2% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.39 billion current LCU | 4.59 billion current LCU | 5.90 billion current LCU | 7 |
| 2010s | 6.63 billion current LCU | 6.08 billion current LCU | 7.01 billion current LCU | 10 |
| 2020s | 7.18 billion current LCU | 6.89 billion current LCU | 7.47 billion current LCU | 4 |
Countries ranked near Greenland
- 166 Fiji 9.53 billion current LCU compare
- 167 Kosovo 9.07 billion current LCU compare
- 167 Kosovo (UNSCR 1244) 9.07 billion current LCU compare
- 170 Bahrain 7.07 billion current LCU compare
- 171 Montenegro 6.64 billion current LCU compare
- 172 Papua New Guinea 6.51 billion current LCU
More economy & growth data for Greenland
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.24 % change on previous year (2023)
- Final consumption expenditure (current LCU), annual growth rate 3.24 % change on previous year (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.743 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), per capita 43,463 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per unit of GDP 5.12 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is households and npishs final consumption expenditure in Greenland?
- Households and npishs final consumption expenditure in Greenland was 7.47 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest households and npishs final consumption expenditure recorded in Greenland?
- The highest recorded value was 7.47 billion current LCU in 2023.
- What is the lowest households and npishs final consumption expenditure recorded in Greenland?
- The lowest recorded value was 4.59 billion current LCU in 2003.
- How does Greenland rank for households and npishs final consumption expenditure?
- Greenland ranks 169th out of 190 countries with data for 2023.
- Is households and npishs final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 16.4%. 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 Households and NPISHs Final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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.