Households and NPISHs final consumption expenditure in Greenland
Greenland: Households and NPISHs final consumption expenditure was 32.6% in 2023. ▼ Falling
Households and NPISHs final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for households and npishs final consumption expenditure in Greenland is 32.6%, measured in 2023. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 0.2% on the previous year and down 23.4% over ten years.
Over the whole period, households and npishs final consumption expenditure in Greenland peaked at 47.6% in 2005 and was at its lowest, 32.6%, in 2023.
Greenland ranks 182nd of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Households and NPISHs final consumption expenditure in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 44.7% | — |
| 2004 | 47.0% | +5.1% |
| 2005 | 47.6% | +1.2% |
| 2006 | 45.6% | -4.2% |
| 2007 | 46.0% | +0.8% |
| 2008 | 45.1% | -1.8% |
| 2009 | 43.5% | -3.6% |
| 2010 | 43.2% | -0.7% |
| 2011 | 43.9% | +1.5% |
| 2012 | 42.5% | -3.1% |
| 2013 | 42.6% | +0.1% |
| 2014 | 41.7% | -2.0% |
| 2015 | 39.7% | -4.8% |
| 2016 | 37.5% | -5.7% |
| 2017 | 36.8% | -1.8% |
| 2018 | 36.0% | -2.2% |
| 2019 | 35.0% | -2.6% |
| 2020 | 34.1% | -2.7% |
| 2021 | 34.2% | +0.3% |
| 2022 | 32.7% | -4.5% |
| 2023 | 32.6% | -0.2% |
Greenland compared with similar countries
- Greenland's 32.6% is below the median for high income countries, which is 52.9%, 62% of the median. (70 countries reporting)
- Greenland's 32.6% is below the median for Europe & Central Asia, which is 55.6%, 59% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.6% | 43.5% | 47.6% | 7 |
| 2010s | 39.9% | 35.0% | 43.9% | 10 |
| 2020s | 33.4% | 32.6% | 34.2% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 0.4171 current US$ per US$ of GDP (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$), annual growth rate 1.24 % change on previous year (2023)
- Final consumption expenditure (current LCU), per unit of GDP 5.12 current LCU per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
Frequently asked questions
- What is households and npishs final consumption expenditure in Greenland?
- Households and npishs final consumption expenditure in Greenland was 32.6% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest households and npishs final consumption expenditure recorded in Greenland?
- The highest recorded value was 47.6% in 2005.
- What is the lowest households and npishs final consumption expenditure recorded in Greenland?
- The lowest recorded value was 32.6% in 2023.
- How does Greenland rank for households and npishs final consumption expenditure?
- Greenland ranks 182nd 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 down 23.4%. The long-run trend across the full record is falling.
- 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 Households and NPISHs final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.