Gross domestic product (GDP) in Greenland
Greenland: Gross domestic product (GDP) was 1.48 billion current GBP in 2014. ◆ Volatile
Latest (2014)
1.48 billion current GBP
Change on year
down 4.1%
World rank
171st
of 200 countries
All-time high
1.56 billion current GBP
in 2011
All-time low
28.97 million current GBP
in 1970
Years of data
45
1970–2014
Gross domestic product (GDP) in Greenland, 1970–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
The most recent figure for gross domestic product (gdp) in Greenland is 1.48 billion current GBP, measured in 2014.
Compared with earlier readings it is down 4.1% on the previous year and up 68.0% over ten years.
Over the whole period, gross domestic product (gdp) in Greenland peaked at 1.56 billion current GBP in 2011 and was at its lowest, 28.97 million current GBP, in 1970.
Greenland ranks 171st of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Greenland, year by year
| Year | current GBP | Change |
|---|---|---|
| 1970 | 28.97 million current GBP | — |
| 1971 | 36.40 million current GBP | +25.6% |
| 1972 | 42.48 million current GBP | +16.7% |
| 1973 | 57.21 million current GBP | +34.7% |
| 1974 | 72.68 million current GBP | +27.1% |
| 1975 | 95.47 million current GBP | +31.3% |
| 1976 | 134.00 million current GBP | +40.4% |
| 1977 | 161.82 million current GBP | +20.8% |
| 1978 | 185.65 million current GBP | +14.7% |
| 1979 | 198.62 million current GBP | +7.0% |
| 1980 | 204.84 million current GBP | +3.1% |
| 1981 | 216.85 million current GBP | +5.9% |
| 1982 | 230.35 million current GBP | +6.2% |
| 1983 | 274.57 million current GBP | +19.2% |
| 1984 | 285.21 million current GBP | +3.9% |
| 1985 | 321.73 million current GBP | +12.8% |
| 1986 | 411.38 million current GBP | +27.9% |
| 1987 | 481.82 million current GBP | +17.1% |
| 1988 | 505.17 million current GBP | +4.8% |
| 1989 | 568.27 million current GBP | +12.5% |
| 1990 | 573.87 million current GBP | +1.0% |
| 1991 | 576.37 million current GBP | +0.4% |
| 1992 | 591.38 million current GBP | +2.6% |
| 1993 | 618.23 million current GBP | +4.5% |
| 1994 | 657.27 million current GBP | +6.3% |
| 1995 | 766.08 million current GBP | +16.6% |
| 1996 | 767.56 million current GBP | +0.2% |
| 1997 | 654.91 million current GBP | -14.7% |
| 1998 | 694.31 million current GBP | +6.0% |
| 1999 | 699.37 million current GBP | +0.7% |
| 2000 | 705.89 million current GBP | +0.9% |
| 2001 | 754.51 million current GBP | +6.9% |
| 2002 | 780.08 million current GBP | +3.4% |
| 2003 | 858.96 million current GBP | +10.1% |
| 2004 | 883.30 million current GBP | +2.8% |
| 2005 | 907.65 million current GBP | +2.8% |
| 2006 | 984.38 million current GBP | +8.5% |
| 2007 | 1.02 billion current GBP | +3.6% |
| 2008 | 1.25 billion current GBP | +22.8% |
| 2009 | 1.49 billion current GBP | +18.7% |
| 2010 | 1.48 billion current GBP | -0.4% |
| 2011 | 1.56 billion current GBP | +5.6% |
| 2012 | 1.49 billion current GBP | -4.6% |
| 2013 | 1.55 billion current GBP | +3.7% |
| 2014 | 1.48 billion current GBP | -4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 101.33 million current GBP | 28.97 million current GBP | 198.62 million current GBP | 10 |
| 1980s | 350.02 million current GBP | 204.84 million current GBP | 568.27 million current GBP | 10 |
| 1990s | 659.93 million current GBP | 573.87 million current GBP | 767.56 million current GBP | 10 |
| 2000s | 963.22 million current GBP | 705.89 million current GBP | 1.49 billion current GBP | 10 |
| 2010s | 1.51 billion current GBP | 1.48 billion current GBP | 1.56 billion current GBP | 5 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gross domestic savings (current US$), per capita 15,036 current US$ per person (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
Frequently asked questions
- What is gross domestic product (gdp) in Greenland?
- Gross domestic product (gdp) in Greenland was 1.48 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Greenland?
- The highest recorded value was 1.56 billion current GBP in 2011.
- What is the lowest gross domestic product (gdp) recorded in Greenland?
- The lowest recorded value was 28.97 million current GBP in 1970.
- How does Greenland rank for gross domestic product (gdp)?
- Greenland ranks 171st out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Greenland?
- Over the last ten years it is up 68.0%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.