Manufacturing, value added in Greenland
Greenland: Manufacturing, value added was 624.10 million current LCU in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for manufacturing, value added in Greenland is 624.10 million current LCU, measured in 2023.
The figure is down 31.7% on the previous year and down 18.4% over ten years.
Over the whole period, manufacturing, value added in Greenland peaked at 989.40 million current LCU in 2018 and was at its lowest, 411.10 million current LCU, in 2021.
That places Greenland 175th out of 205 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 in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 665.70 million current LCU | — |
| 2004 | 867.20 million current LCU | +30.3% |
| 2005 | 922.20 million current LCU | +6.3% |
| 2006 | 835.20 million current LCU | -9.4% |
| 2007 | 713.90 million current LCU | -14.5% |
| 2008 | 777.10 million current LCU | +8.9% |
| 2009 | 641.90 million current LCU | -17.4% |
| 2010 | 611.50 million current LCU | -4.7% |
| 2011 | 765.20 million current LCU | +25.1% |
| 2012 | 784.30 million current LCU | +2.5% |
| 2013 | 764.40 million current LCU | -2.5% |
| 2014 | 696.10 million current LCU | -8.9% |
| 2015 | 682.60 million current LCU | -1.9% |
| 2016 | 833.60 million current LCU | +22.1% |
| 2017 | 477.50 million current LCU | -42.7% |
| 2018 | 989.40 million current LCU | +107.2% |
| 2019 | 664.00 million current LCU | -32.9% |
| 2020 | 582.90 million current LCU | -12.2% |
| 2021 | 411.10 million current LCU | -29.5% |
| 2022 | 913.60 million current LCU | +122.2% |
| 2023 | 624.10 million current LCU | -31.7% |
Greenland compared with similar countries
- Greenland's 624.10 million current LCU is below the median for high income countries, which is 34.51 billion current LCU, 2% of the median. (75 countries reporting)
- Greenland's 624.10 million current LCU is below the median for Europe & Central Asia, which is 74.90 billion current LCU, 1% of the median. (54 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +122.2% | 411.10 million current LCU | 913.60 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 774.74 million current LCU | 641.90 million current LCU | 922.20 million current LCU | 7 |
| 2010s | 726.86 million current LCU | 477.50 million current LCU | 989.40 million current LCU | 10 |
| 2020s | 632.92 million current LCU | 411.10 million current LCU | 913.60 million current LCU | 4 |
Countries ranked near Greenland
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 624.10 million current 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 989.40 million current LCU in 2018.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 411.10 million current LCU in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 175th out of 205 countries with data for 2023.
- Is manufacturing, value added rising or falling in Greenland?
- Over the last ten years it is down 18.4%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.