Merchandise trade as a proportion of GDP (%) in Greenland
Greenland: Merchandise trade as a proportion of GDP (%) was 59.2% in 2023. ▬ Flat
Latest (2023)
59.2%
Change on year
down 3.1%
World rank
97th
of 220 countries
All-time high
61.1%
in 2022
All-time low
42.9%
in 2015
Years of data
24
2000–2023
Merchandise trade as a proportion of GDP in Greenland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Greenland is 59.2%, measured in 2023.
That represents a change of down 3.1% on the previous year and up 6.2% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Greenland peaked at 61.1% in 2022 and was at its lowest, 42.9%, in 2015.
That places Greenland 97th out of 220 countries with data for 2023, putting it in the middle of the range.
Merchandise trade as a proportion of GDP (%) in Greenland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 59.7% | — |
| 2001 | 54.5% | -8.8% |
| 2002 | 59.0% | +8.3% |
| 2003 | 51.8% | -12.3% |
| 2004 | 50.9% | -1.8% |
| 2005 | 53.8% | +5.8% |
| 2006 | 52.5% | -2.5% |
| 2007 | 52.8% | +0.7% |
| 2008 | 55.3% | +4.7% |
| 2009 | 43.6% | -21.2% |
| 2010 | 47.5% | +9.0% |
| 2011 | 52.4% | +10.4% |
| 2012 | 51.2% | -2.3% |
| 2013 | 55.8% | +8.9% |
| 2014 | 50.2% | -10.0% |
| 2015 | 42.9% | -14.4% |
| 2016 | 48.4% | +12.6% |
| 2017 | 47.6% | -1.7% |
| 2018 | 50.0% | +5.2% |
| 2019 | 60.5% | +20.9% |
| 2020 | 57.4% | -5.1% |
| 2021 | 56.7% | -1.2% |
| 2022 | 61.1% | +7.7% |
| 2023 | 59.2% | -3.1% |
Greenland compared with similar countries
- Greenland's 59.2% is above the median for high income countries, which is 56.9%, 1.0× the median. (73 countries reporting)
- Greenland's 59.2% is below the median for Europe & Central Asia, which is 63.9%, 93% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.4% | 43.6% | 59.7% | 10 |
| 2010s | 50.6% | 42.9% | 60.5% | 10 |
| 2020s | 58.6% | 56.7% | 61.1% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ 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 unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Greenland?
- Merchandise trade as a proportion of gdp in Greenland was 59.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Greenland?
- The highest recorded value was 61.1% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Greenland?
- The lowest recorded value was 42.9% in 2015.
- How does Greenland rank for merchandise trade as a proportion of gdp?
- Greenland ranks 97th out of 220 countries with data for 2023.
- Is merchandise trade as a proportion of gdp rising or falling in Greenland?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is flat.
- Where does this Greenland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).