Imports of goods and services in Greenland
Greenland: Imports of goods and services was 11.71 billion current LCU in 2023. ▲ Rising
Imports of goods and services in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for imports of goods and services in Greenland is 11.71 billion current LCU, measured in 2023.
Compared with earlier readings it is down 0.2% on the previous year and up 33.4% over ten years.
Over the whole period, imports of goods and services in Greenland peaked at 13.34 billion current LCU in 2011 and was at its lowest, 5.08 billion current LCU, in 2003.
That places Greenland 162nd out of 193 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.
Imports of goods and services in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 5.08 billion current LCU | — |
| 2004 | 5.34 billion current LCU | +5.0% |
| 2005 | 6.51 billion current LCU | +21.9% |
| 2006 | 6.21 billion current LCU | -4.5% |
| 2007 | 7.20 billion current LCU | +15.9% |
| 2008 | 8.97 billion current LCU | +24.6% |
| 2009 | 7.46 billion current LCU | -16.8% |
| 2010 | 10.76 billion current LCU | +44.1% |
| 2011 | 13.34 billion current LCU | +24.0% |
| 2012 | 9.59 billion current LCU | -28.1% |
| 2013 | 8.78 billion current LCU | -8.5% |
| 2014 | 7.75 billion current LCU | -11.7% |
| 2015 | 7.65 billion current LCU | -1.3% |
| 2016 | 8.21 billion current LCU | +7.3% |
| 2017 | 8.19 billion current LCU | -0.2% |
| 2018 | 8.75 billion current LCU | +6.7% |
| 2019 | 10.22 billion current LCU | +16.9% |
| 2020 | 9.44 billion current LCU | -7.7% |
| 2021 | 10.28 billion current LCU | +8.9% |
| 2022 | 11.73 billion current LCU | +14.1% |
| 2023 | 11.71 billion current LCU | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.68 billion current LCU | 5.08 billion current LCU | 8.97 billion current LCU | 7 |
| 2010s | 9.33 billion current LCU | 7.65 billion current LCU | 13.34 billion current LCU | 10 |
| 2020s | 10.79 billion current LCU | 9.44 billion current LCU | 11.73 billion current LCU | 4 |
Countries ranked near Greenland
- 159 Faroe Islands 14.31 billion current LCU compare
- 160 South Sudan 12.50 billion current LCU compare
- 161 Bahrain 12.42 billion current LCU compare
- 163 Jordan 11.13 billion current LCU compare
- 164 Brunei Darussalam 10.23 billion current LCU compare
- 165 Solomon Islands 9.48 billion current LCU compare
More economy & growth data for Greenland
- Imports of goods and services (current US$), per unit of GDP 0.5109 current US$ per US$ of GDP (2023)
- Imports of goods and services (current US$), annual growth rate 2.55 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per capita 18,332 constant 2015 US$ per person (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3134 constant 2015 US$ per US$ of GDP (2023)
- Gross capital formation (constant 2015 US$), annual growth rate -3.59 % change on previous year (2023)
- Gross value added at basic prices (GVA) 3.19 billion current US$ (2023)
- Services, value added 13.98 billion current LCU (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Services, value added 61.0% (2023)
- Inflation, GDP deflator 1.9% (2023)
Frequently asked questions
- What is imports of goods and services in Greenland?
- Imports of goods and services in Greenland was 11.71 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Greenland?
- The highest recorded value was 13.34 billion current LCU in 2011.
- What is the lowest imports of goods and services recorded in Greenland?
- The lowest recorded value was 5.08 billion current LCU in 2003.
- How does Greenland rank for imports of goods and services?
- Greenland ranks 162nd out of 193 countries with data for 2023.
- Is imports of goods and services rising or falling in Greenland?
- Over the last ten years it is up 33.4%. 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 Imports of goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.