Manufacturing, value added (constant 2015 US$) in Greenland
Greenland: Manufacturing, value added (constant 2015 US$) was 47.72 million constant 2015 US$ in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for manufacturing, value added in Greenland is 47.72 million constant 2015 US$, measured in 2023.
The figure is down 14.9% on the previous year and down 38.0% over ten years.
Over the whole period, manufacturing, value added in Greenland peaked at 120.41 million constant 2015 US$ in 2016 and was at its lowest, 30.91 million constant 2015 US$, in 2021.
Greenland ranks 168th of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Manufacturing, value added (constant 2015 US$) in Greenland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 81.93 million constant 2015 US$ | — |
| 2004 | 100.87 million constant 2015 US$ | +23.1% |
| 2005 | 108.42 million constant 2015 US$ | +7.5% |
| 2006 | 56.69 million constant 2015 US$ | -47.7% |
| 2007 | 68.91 million constant 2015 US$ | +21.6% |
| 2008 | 85.28 million constant 2015 US$ | +23.8% |
| 2009 | 58.35 million constant 2015 US$ | -31.6% |
| 2010 | 55.60 million constant 2015 US$ | -4.7% |
| 2011 | 66.92 million constant 2015 US$ | +20.4% |
| 2012 | 73.70 million constant 2015 US$ | +10.1% |
| 2013 | 76.97 million constant 2015 US$ | +4.4% |
| 2014 | 112.14 million constant 2015 US$ | +45.7% |
| 2015 | 101.46 million constant 2015 US$ | -9.5% |
| 2016 | 120.41 million constant 2015 US$ | +18.7% |
| 2017 | 49.76 million constant 2015 US$ | -58.7% |
| 2018 | 55.04 million constant 2015 US$ | +10.6% |
| 2019 | 48.93 million constant 2015 US$ | -11.1% |
| 2020 | 59.72 million constant 2015 US$ | +22.0% |
| 2021 | 30.91 million constant 2015 US$ | -48.2% |
| 2022 | 56.10 million constant 2015 US$ | +81.5% |
| 2023 | 47.72 million constant 2015 US$ | -14.9% |
Greenland compared with similar countries
- Greenland's 47.72 million constant 2015 US$ is below the median for high income countries, which is 12.22 billion constant 2015 US$, 0% of the median. (67 countries reporting)
- Greenland's 47.72 million constant 2015 US$ is below the median for Europe & Central Asia, which is 16.04 billion constant 2015 US$, 0% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 80.06 million constant 2015 US$ | 56.69 million constant 2015 US$ | 108.42 million constant 2015 US$ | 7 |
| 2010s | 76.09 million constant 2015 US$ | 48.93 million constant 2015 US$ | 120.41 million constant 2015 US$ | 10 |
| 2020s | 48.61 million constant 2015 US$ | 30.91 million constant 2015 US$ | 59.72 million constant 2015 US$ | 4 |
Countries ranked near Greenland
- 165 Saint Lucia 64.46 million constant 2015 US$ compare
- 166 Grenada 51.53 million constant 2015 US$ compare
- 167 Vanuatu 48.69 million constant 2015 US$ compare
- 169 Cayman Islands 44.64 million constant 2015 US$ compare
- 170 Saint Kitts and Nevis 44.10 million constant 2015 US$ compare
- 171 Samoa 42.89 million constant 2015 US$ 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 LCU) 2.51 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current US$) 19,063 current US$ 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 0.4171 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
Frequently asked questions
- What is manufacturing, value added in Greenland?
- Manufacturing, value added in Greenland was 47.72 million constant 2015 US$ in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Greenland?
- The highest recorded value was 120.41 million constant 2015 US$ in 2016.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 30.91 million constant 2015 US$ in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 168th out of 186 countries with data for 2023.
- Is manufacturing, value added rising or falling in Greenland?
- Over the last ten years it is down 38.0%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.