Net primary income (Net income from abroad) (current LCU) in Greenland
Greenland: Net primary income (Net income from abroad) (current LCU) was -1.13 billion current LCU in 2007. ◆ Volatile
Net primary income (Net income from abroad) in Greenland, 1970–2007
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Greenland recorded -1.13 billion current LCU for net primary income (net income from abroad) in 2007.
The figure is up 46.6% on the previous year and down 465.1% over ten years.
Over the whole period, net primary income (net income from abroad) in Greenland peaked at -51.36 million current LCU in 1970 and was at its lowest, -2.11 billion current LCU, in 2006.
That places Greenland 83rd out of 209 countries with data for 2007, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -51.36 million current LCU | — |
| 1971 | -64.72 million current LCU | +26.0% |
| 1972 | -72.63 million current LCU | +12.2% |
| 1973 | -83.52 million current LCU | +15.0% |
| 1974 | -102.02 million current LCU | +22.1% |
| 1975 | -119.55 million current LCU | +17.2% |
| 1976 | -143.38 million current LCU | +19.9% |
| 1977 | -166.93 million current LCU | +16.4% |
| 1978 | -193.39 million current LCU | +15.9% |
| 1979 | -218.00 million current LCU | +12.7% |
| 1980 | -268.00 million current LCU | +22.9% |
| 1981 | -287.00 million current LCU | +7.1% |
| 1982 | -225.00 million current LCU | -21.6% |
| 1983 | -337.00 million current LCU | +49.8% |
| 1984 | -288.00 million current LCU | -14.5% |
| 1985 | -300.00 million current LCU | +4.2% |
| 1986 | -400.00 million current LCU | +33.3% |
| 1987 | -400.00 million current LCU | -0.0% |
| 1988 | -450.00 million current LCU | +12.5% |
| 1989 | -450.00 million current LCU | -0.0% |
| 1990 | -450.00 million current LCU | -0.0% |
| 1991 | -450.00 million current LCU | -0.0% |
| 1992 | -450.00 million current LCU | -0.0% |
| 1993 | -400.00 million current LCU | -11.1% |
| 1994 | -350.00 million current LCU | -12.5% |
| 1995 | -275.00 million current LCU | -21.4% |
| 1996 | -200.00 million current LCU | -27.3% |
| 1997 | -200.00 million current LCU | -0.0% |
| 1998 | -200.00 million current LCU | -0.0% |
| 1999 | -200.00 million current LCU | -0.0% |
| 2000 | -200.00 million current LCU | -0.0% |
| 2001 | -242.00 million current LCU | +21.0% |
| 2002 | -242.00 million current LCU | -0.0% |
| 2003 | -1.11 billion current LCU | +360.2% |
| 2004 | -1.33 billion current LCU | +19.8% |
| 2005 | -1.13 billion current LCU | -15.6% |
| 2006 | -2.11 billion current LCU | +88.0% |
| 2007 | -1.13 billion current LCU | -46.6% |
Greenland compared with similar countries
- Greenland's -1.13 billion current LCU is below the median for high income countries, which is -980.39 million current LCU, 1.2× the median. (77 countries reporting)
- Greenland's -1.13 billion current LCU is above the median for Europe & Central Asia, which is -3.38 billion current LCU, 33% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Net primary income (Net income from abroad) (current LCU) 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 |
|---|---|---|---|
| 2003 | -360.2% | -242.00 million current LCU | -1.11 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -121.55 million current LCU | -218.00 million current LCU | -51.36 million current LCU | 10 |
| 1980s | -340.50 million current LCU | -450.00 million current LCU | -225.00 million current LCU | 10 |
| 1990s | -317.50 million current LCU | -450.00 million current LCU | -200.00 million current LCU | 10 |
| 2000s | -937.70 million current LCU | -2.11 billion current LCU | -200.00 million current LCU | 8 |
Countries ranked near Greenland
- 80 Seychelles -902.20 million current LCU compare
- 81 Austria -953.60 million current LCU compare
- 82 Croatia -980.39 million current LCU compare
- 84 Sierra Leone -1.14 billion current LCU compare
- 85 Cayman Islands -1.24 billion current LCU
- 86 Bahrain -1.43 billion current LCU 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 net primary income (net income from abroad) in Greenland?
- Net primary income (net income from abroad) in Greenland was -1.13 billion current LCU in 2007, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Greenland?
- The highest recorded value was -51.36 million current LCU in 1970.
- What is the lowest net primary income (net income from abroad) recorded in Greenland?
- The lowest recorded value was -2.11 billion current LCU in 2006.
- How does Greenland rank for net primary income (net income from abroad)?
- Greenland ranks 83rd out of 209 countries with data for 2007.
- Is net primary income (net income from abroad) rising or falling in Greenland?
- Over the last ten years it is down 465.1%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net primary income (Net income from abroad) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.