Manufacturing, value added (constant LCU) in Greenland
Greenland: Manufacturing, value added (constant LCU) was 524.90 million constant LCU in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for manufacturing, value added in Greenland is 524.90 million constant LCU, measured in 2023.
Compared with earlier readings it 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 1.32 billion constant LCU in 2016 and was at its lowest, 340.00 million constant LCU, in 2021.
That places Greenland 164th out of 192 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Manufacturing, value added (constant LCU) in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 901.10 million constant LCU | — |
| 2004 | 1.11 billion constant LCU | +23.1% |
| 2005 | 1.19 billion constant LCU | +7.5% |
| 2006 | 623.50 million constant LCU | -47.7% |
| 2007 | 757.90 million constant LCU | +21.6% |
| 2008 | 938.00 million constant LCU | +23.8% |
| 2009 | 641.80 million constant LCU | -31.6% |
| 2010 | 611.50 million constant LCU | -4.7% |
| 2011 | 736.00 million constant LCU | +20.4% |
| 2012 | 810.60 million constant LCU | +10.1% |
| 2013 | 846.60 million constant LCU | +4.4% |
| 2014 | 1.23 billion constant LCU | +45.7% |
| 2015 | 1.12 billion constant LCU | -9.5% |
| 2016 | 1.32 billion constant LCU | +18.7% |
| 2017 | 547.30 million constant LCU | -58.7% |
| 2018 | 605.40 million constant LCU | +10.6% |
| 2019 | 538.20 million constant LCU | -11.1% |
| 2020 | 656.80 million constant LCU | +22.0% |
| 2021 | 340.00 million constant LCU | -48.2% |
| 2022 | 617.00 million constant LCU | +81.5% |
| 2023 | 524.90 million constant LCU | -14.9% |
Greenland compared with similar countries
- Greenland's 524.90 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 2% of the median. (67 countries reporting)
- Greenland's 524.90 million constant LCU is below the median for Europe & Central Asia, which is 69.84 billion constant LCU, 1% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 880.60 million constant LCU | 623.50 million constant LCU | 1.19 billion constant LCU | 7 |
| 2010s | 836.92 million constant LCU | 538.20 million constant LCU | 1.32 billion constant LCU | 10 |
| 2020s | 534.67 million constant LCU | 340.00 million constant LCU | 656.80 million constant LCU | 4 |
Countries ranked near Greenland
- 161 Solomon Islands 834.12 million constant LCU compare
- 162 Barbados 747.19 million constant LCU compare
- 163 South Sudan 565.01 million constant LCU compare
- 165 Tajikistan 499.99 million constant LCU
- 166 San Marino 449.96 million constant LCU compare
- 167 Eritrea 361.55 million constant LCU 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 manufacturing, value added in Greenland?
- Manufacturing, value added in Greenland was 524.90 million constant LCU 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 1.32 billion constant LCU in 2016.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 340.00 million constant LCU in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 164th out of 192 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 LCU). 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 varies by country. This series is expressed in local currency units.