Inflation, GDP deflator in Greenland
Greenland: Inflation, GDP deflator was 1.9% in 2023. ◆ Volatile
Inflation, GDP deflator in Greenland, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Greenland is 1.9%, measured in 2023.
The figure is down 66.8% on the previous year and up 74.6% over ten years.
Over the whole period, inflation, gdp deflator in Greenland peaked at 16.4% in 1975 and was at its lowest, -3.2%, in 2005.
That places Greenland 156th out of 212 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Greenland, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 11.4% | — |
| 1972 | 5.7% | -50.2% |
| 1973 | 7.7% | +34.4% |
| 1974 | 15.6% | +103.0% |
| 1975 | 16.4% | +5.6% |
| 1976 | 13.2% | -19.7% |
| 1977 | 7.0% | -47.1% |
| 1978 | 9.3% | +32.9% |
| 1979 | 7.5% | -19.1% |
| 1980 | 11.6% | +54.1% |
| 1981 | 14.9% | +29.1% |
| 1982 | 13.0% | -12.8% |
| 1983 | 9.7% | -25.3% |
| 1984 | 8.9% | -8.7% |
| 1985 | 7.4% | -16.3% |
| 1986 | 4.1% | -44.4% |
| 1987 | 4.6% | +11.9% |
| 1988 | 6.4% | +37.4% |
| 1989 | 5.3% | -15.8% |
| 1990 | 5.1% | -4.8% |
| 1991 | 3.2% | -36.7% |
| 1992 | 1.5% | -52.1% |
| 1993 | 1.0% | -32.6% |
| 1994 | 0.5% | -55.1% |
| 1995 | 2.1% | +338.9% |
| 1996 | 1.0% | -52.3% |
| 1997 | 0.5% | -49.3% |
| 1998 | 1.0% | +97.0% |
| 1999 | 1.1% | +8.4% |
| 2000 | 2.1% | +99.0% |
| 2001 | 3.4% | +61.2% |
| 2002 | 3.1% | -8.8% |
| 2003 | 6.5% | +110.5% |
| 2004 | -0.5% | -108.2% |
| 2005 | -3.2% | +499.7% |
| 2006 | 2.2% | -169.3% |
| 2007 | -0.0% | -102.1% |
| 2008 | -2.0% | +4137.2% |
| 2009 | 5.5% | -375.1% |
| 2010 | 2.0% | -63.4% |
| 2011 | 2.9% | +42.2% |
| 2012 | 3.4% | +19.5% |
| 2013 | 1.1% | -69.0% |
| 2014 | 1.0% | -7.2% |
| 2015 | 8.1% | +722.4% |
| 2016 | 3.5% | -56.6% |
| 2017 | 3.3% | -7.7% |
| 2018 | 1.8% | -43.5% |
| 2019 | 0.7% | -59.7% |
| 2020 | 0.9% | +15.4% |
| 2021 | 0.8% | -7.1% |
| 2022 | 5.6% | +602.3% |
| 2023 | 1.9% | -66.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.4% | 5.7% | 16.4% | 9 |
| 1980s | 8.6% | 4.1% | 14.9% | 10 |
| 1990s | 1.7% | 0.5% | 5.1% | 10 |
| 2000s | 1.7% | -3.2% | 6.5% | 10 |
| 2010s | 2.8% | 0.7% | 8.1% | 10 |
| 2020s | 2.3% | 0.8% | 5.6% | 4 |
Countries ranked near Greenland
- 153 Italy 2.0% compare
- 154 Trinidad and Tobago 2.0% compare
- 155 Dominica 2.0% compare
- 157 French Polynesia 1.8% compare
- 158 Tuvalu 1.8% compare
- 159 Cape Verde 1.7% compare
More economy & growth data for Greenland
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI (current US$), per capita 36,110 current US$ per person (2007)
- GNI (current US$), per unit of GDP 0.9077 current US$ per US$ of GDP (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Gross domestic savings (current LCU), per capita 103,593 current LCU per person (2023)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
Frequently asked questions
- What is inflation, gdp deflator in Greenland?
- Inflation, gdp deflator in Greenland was 1.9% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Greenland?
- The highest recorded value was 16.4% in 1975.
- What is the lowest inflation, gdp deflator recorded in Greenland?
- The lowest recorded value was -3.2% in 2005.
- How does Greenland rank for inflation, gdp deflator?
- Greenland ranks 156th out of 212 countries with data for 2023.
- Is inflation, gdp deflator rising or falling in Greenland?
- Over the last ten years it is up 74.6%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.