Manufacturing, value added in Greenland
Greenland: Manufacturing, value added was 90.58 million current US$ in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, manufacturing, value added in Greenland stood at 90.58 million current US$.
The figure is down 29.8% on the previous year and down 33.4% over ten years.
Over the whole period, manufacturing, value added in Greenland peaked at 156.68 million current US$ in 2018 and was at its lowest, 65.39 million current US$, in 2021.
That places Greenland 181st out of 205 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Manufacturing, value added in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 101.05 million current US$ | — |
| 2004 | 144.75 million current US$ | +43.2% |
| 2005 | 153.78 million current US$ | +6.2% |
| 2006 | 140.45 million current US$ | -8.7% |
| 2007 | 131.14 million current US$ | -6.6% |
| 2008 | 152.43 million current US$ | +16.2% |
| 2009 | 119.74 million current US$ | -21.4% |
| 2010 | 108.73 million current US$ | -9.2% |
| 2011 | 142.53 million current US$ | +31.1% |
| 2012 | 135.40 million current US$ | -5.0% |
| 2013 | 136.10 million current US$ | +0.5% |
| 2014 | 124.03 million current US$ | -8.9% |
| 2015 | 101.46 million current US$ | -18.2% |
| 2016 | 123.83 million current US$ | +22.1% |
| 2017 | 72.32 million current US$ | -41.6% |
| 2018 | 156.68 million current US$ | +116.7% |
| 2019 | 99.56 million current US$ | -36.5% |
| 2020 | 89.10 million current US$ | -10.5% |
| 2021 | 65.39 million current US$ | -26.6% |
| 2022 | 129.11 million current US$ | +97.5% |
| 2023 | 90.58 million current US$ | -29.8% |
Greenland compared with similar countries
- Greenland's 90.58 million current US$ is below the median for high income countries, which is 12.50 billion current US$, 1% of the median. (75 countries reporting)
- Greenland's 90.58 million current US$ is below the median for Europe & Central Asia, which is 16.32 billion current US$, 1% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 134.76 million current US$ | 101.05 million current US$ | 153.78 million current US$ | 7 |
| 2010s | 120.06 million current US$ | 72.32 million current US$ | 156.68 million current US$ | 10 |
| 2020s | 93.55 million current US$ | 65.39 million current US$ | 129.11 million current US$ | 4 |
Countries ranked near Greenland
- 178 Channel Islands 100.97 million current US$ compare
- 179 Bahamas 99.70 million current US$ compare
- 180 Saint Lucia 95.00 million current US$ compare
- 182 Aruba 88.26 million current US$ compare
- 183 Cayman Islands 67.21 million current US$ compare
- 184 Samoa 63.43 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 manufacturing, value added in Greenland?
- Manufacturing, value added in Greenland was 90.58 million current 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 156.68 million current US$ in 2018.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 65.39 million current US$ in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 181st 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 33.4%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.