Industry (including construction), value added in Greenland
Greenland: Industry (including construction), value added was 613.64 million current US$ in 2023. ▲ Rising
Industry (including construction), value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, industry (including construction), value added in Greenland stood at 613.64 million current US$.
The figure is down 0.2% on the previous year and up 26.0% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 638.17 million current US$ in 2020 and was at its lowest, 228.09 million current US$, in 2003.
That places Greenland 173rd out of 209 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Industry (including construction), value added in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 228.09 million current US$ | — |
| 2004 | 286.33 million current US$ | +25.5% |
| 2005 | 300.49 million current US$ | +4.9% |
| 2006 | 336.64 million current US$ | +12.0% |
| 2007 | 377.61 million current US$ | +12.2% |
| 2008 | 455.26 million current US$ | +20.6% |
| 2009 | 454.94 million current US$ | -0.1% |
| 2010 | 452.68 million current US$ | -0.5% |
| 2011 | 484.83 million current US$ | +7.1% |
| 2012 | 493.54 million current US$ | +1.8% |
| 2013 | 486.87 million current US$ | -1.4% |
| 2014 | 446.10 million current US$ | -8.4% |
| 2015 | 426.02 million current US$ | -4.5% |
| 2016 | 478.82 million current US$ | +12.4% |
| 2017 | 485.07 million current US$ | +1.3% |
| 2018 | 556.55 million current US$ | +14.7% |
| 2019 | 513.81 million current US$ | -7.7% |
| 2020 | 638.17 million current US$ | +24.2% |
| 2021 | 625.15 million current US$ | -2.0% |
| 2022 | 615.08 million current US$ | -1.6% |
| 2023 | 613.64 million current US$ | -0.2% |
Greenland compared with similar countries
- Greenland's 613.64 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 2% of the median. (77 countries reporting)
- Greenland's 613.64 million current US$ is below the median for Europe & Central Asia, which is 28.62 billion current US$, 2% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 348.48 million current US$ | 228.09 million current US$ | 455.26 million current US$ | 7 |
| 2010s | 482.43 million current US$ | 426.02 million current US$ | 556.55 million current US$ | 10 |
| 2020s | 623.01 million current US$ | 613.64 million current US$ | 638.17 million current US$ | 4 |
Countries ranked near Greenland
- 170 Lebanon 684.08 million current US$ compare
- 171 Central African Republic 650.74 million current US$ compare
- 172 Lesotho 647.45 million current US$ compare
- 174 Burundi 613.34 million current US$ compare
- 175 French Polynesia 593.50 million current US$ compare
- 176 Cayman Islands 593.36 million current US$ compare
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 industry (including construction), value added in Greenland?
- Industry (including construction), value added in Greenland was 613.64 million current US$ 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 638.17 million current US$ in 2020.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was 228.09 million current US$ in 2003.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 173rd 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 26.0%. 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 US$). 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 indicator is expressed in United States dollars.