Industry (including construction), value added (current LCU) in Greenland
Greenland: Industry (including construction), value added (current LCU) was 4.23 billion current LCU in 2023. ▲ Rising
Industry (including construction), value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Greenland is 4.23 billion current LCU, measured in 2023.
That represents a change of down 2.9% on the previous year and up 54.6% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 4.35 billion current LCU in 2022 and was at its lowest, 1.50 billion current LCU, in 2003.
Greenland ranks 169th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Industry (including construction), value added (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 1.50 billion current LCU | — |
| 2004 | 1.72 billion current LCU | +14.2% |
| 2005 | 1.80 billion current LCU | +5.0% |
| 2006 | 2.00 billion current LCU | +11.1% |
| 2007 | 2.06 billion current LCU | +2.7% |
| 2008 | 2.32 billion current LCU | +12.9% |
| 2009 | 2.44 billion current LCU | +5.1% |
| 2010 | 2.55 billion current LCU | +4.4% |
| 2011 | 2.60 billion current LCU | +2.2% |
| 2012 | 2.86 billion current LCU | +9.8% |
| 2013 | 2.73 billion current LCU | -4.4% |
| 2014 | 2.50 billion current LCU | -8.4% |
| 2015 | 2.87 billion current LCU | +14.5% |
| 2016 | 3.22 billion current LCU | +12.5% |
| 2017 | 3.20 billion current LCU | -0.6% |
| 2018 | 3.51 billion current LCU | +9.7% |
| 2019 | 3.43 billion current LCU | -2.5% |
| 2020 | 4.17 billion current LCU | +21.8% |
| 2021 | 3.93 billion current LCU | -5.9% |
| 2022 | 4.35 billion current LCU | +10.7% |
| 2023 | 4.23 billion current LCU | -2.9% |
Greenland compared with similar countries
- Greenland's 4.23 billion current LCU is below the median for high income countries, which is 60.84 billion current LCU, 7% of the median. (77 countries reporting)
- Greenland's 4.23 billion current LCU is below the median for Europe & Central Asia, which is 108.46 billion current LCU, 4% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.98 billion current LCU | 1.50 billion current LCU | 2.44 billion current LCU | 7 |
| 2010s | 2.95 billion current LCU | 2.50 billion current LCU | 3.51 billion current LCU | 10 |
| 2020s | 4.17 billion current LCU | 3.93 billion current LCU | 4.35 billion current LCU | 4 |
Countries ranked near Greenland
- 166 Eritrea 6.23 billion current LCU compare
- 167 Faroe Islands 5.11 billion current LCU compare
- 168 Seychelles 5.04 billion current LCU compare
- 170 Cyprus 4.07 billion current LCU compare
- 171 Solomon Islands 3.13 billion current LCU compare
- 172 Liechtenstein 2.90 billion current LCU compare
More economy & growth data for Greenland
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Households and NPISHs Final consumption expenditure (current US$) 0.3259 current US$ per US$ of GDP (2023)
- Households and NPISHs Final consumption expenditure (current US$) 5.29 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
- General government final consumption expenditure (current US$) 6.62 % change on previous year (2023)
- General government final consumption expenditure (current US$), per 0.4171 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.743 current US$ 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 4.23 billion current LCU 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 4.35 billion current LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was 1.50 billion current LCU in 2003.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 169th out of 209 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Greenland?
- Over the last ten years it is up 54.6%. 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 Industry (including construction), value added (current LCU). 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 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.