Manufacturing, value added in Greenland
Greenland: Manufacturing, value added was 2.7% in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, manufacturing, value added in Greenland stood at 2.7%.
That represents a change of down 33.5% on the previous year and down 46.3% over ten years.
Over the whole period, manufacturing, value added in Greenland peaked at 8.3% in 2005 and was at its lowest, 2.0%, in 2021.
That places Greenland 182nd 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 | % of GDP | Change |
|---|---|---|
| 2003 | 6.5% | — |
| 2004 | 7.9% | +22.5% |
| 2005 | 8.3% | +4.7% |
| 2006 | 7.0% | -16.1% |
| 2007 | 5.8% | -16.4% |
| 2008 | 6.1% | +4.6% |
| 2009 | 4.7% | -22.4% |
| 2010 | 4.3% | -8.2% |
| 2011 | 5.3% | +22.2% |
| 2012 | 5.2% | -2.3% |
| 2013 | 5.1% | -2.3% |
| 2014 | 4.4% | -13.9% |
| 2015 | 4.1% | -7.0% |
| 2016 | 4.6% | +12.7% |
| 2017 | 2.5% | -44.6% |
| 2018 | 5.1% | +102.2% |
| 2019 | 3.3% | -35.2% |
| 2020 | 2.9% | -13.2% |
| 2021 | 2.0% | -31.2% |
| 2022 | 4.1% | +106.3% |
| 2023 | 2.7% | -33.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.6% | 4.7% | 8.3% | 7 |
| 2010s | 4.4% | 2.5% | 5.3% | 10 |
| 2020s | 2.9% | 2.0% | 4.1% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Net primary income (Net income from abroad) (current US$), annual 41.62 % change on previous year (2007)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8491 constant 2015 US$ per US$ of GDP (2023)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
Frequently asked questions
- What is manufacturing, value added in Greenland?
- Manufacturing, value added in Greenland was 2.7% 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 8.3% in 2005.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 2.0% in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 182nd 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 46.3%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.