Industry (including construction), value added in Greenland
Greenland: Industry (including construction), value added was -1.3% in 2023. ◆ Volatile
Industry (including construction), value added in Greenland, 2004–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2023, industry (including construction), value added in Greenland stood at -1.3%.
That represents a change of down 180.5% on the previous year and up 46.7% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 21.0% in 2020 and was at its lowest, -11.7%, in 2021.
Greenland ranks 170th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Greenland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2004 | 18.6% | — |
| 2005 | 9.3% | -50.1% |
| 2006 | -10.6% | -214.2% |
| 2007 | 13.8% | -229.8% |
| 2008 | 20.7% | +50.0% |
| 2009 | -2.9% | -114.0% |
| 2010 | 3.4% | -216.2% |
| 2011 | 3.0% | -9.8% |
| 2012 | 8.9% | +194.5% |
| 2013 | -2.4% | -127.2% |
| 2014 | 7.1% | -393.6% |
| 2015 | 9.5% | +32.9% |
| 2016 | 8.7% | -8.3% |
| 2017 | -2.9% | -133.7% |
| 2018 | -1.6% | -46.1% |
| 2019 | 4.5% | -383.0% |
| 2020 | 21.0% | +369.5% |
| 2021 | -11.7% | -155.9% |
| 2022 | 1.6% | -113.7% |
| 2023 | -1.3% | -180.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.2% | -10.6% | 20.7% | 6 |
| 2010s | 3.8% | -2.9% | 9.5% | 10 |
| 2020s | 2.4% | -11.7% | 21.0% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is industry (including construction), value added in Greenland?
- Industry (including construction), value added in Greenland was -1.3% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Greenland?
- The highest recorded value was 21.0% in 2020.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was -11.7% in 2021.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 170th out of 197 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Greenland?
- Over the last ten years it is up 46.7%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.