PPP conversion factor, GDP (LCU per international $) (International) in Greenland
Greenland: PPP conversion factor, GDP (LCU per international $) (International) was 5.11 LCU per international $ in 2023. ▬ Flat
PPP conversion factor, GDP in Greenland, 1990–2023
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
In 2023, ppp conversion factor, gdp in Greenland stood at 5.11 LCU per international $.
The figure is down 1.8% on the previous year and up 1.2% over ten years.
Over the whole period, ppp conversion factor, gdp in Greenland peaked at 5.59 LCU per international $ in 2017 and was at its lowest, 4.69 LCU per international $, in 2008.
That places Greenland 106th out of 205 countries with data for 2023, putting it in the middle of the range.
PPP conversion factor, GDP (LCU per international $) (International) in Greenland, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 5.54 LCU per international $ | — |
| 1991 | 5.53 LCU per international $ | -0.2% |
| 1992 | 5.49 LCU per international $ | -0.7% |
| 1993 | 5.42 LCU per international $ | -1.3% |
| 1994 | 5.33 LCU per international $ | -1.6% |
| 1995 | 5.33 LCU per international $ | -0.0% |
| 1996 | 5.29 LCU per international $ | -0.8% |
| 1997 | 5.22 LCU per international $ | -1.2% |
| 1998 | 5.21 LCU per international $ | -0.1% |
| 1999 | 5.2 LCU per international $ | -0.3% |
| 2000 | 5.19 LCU per international $ | -0.2% |
| 2001 | 5.25 LCU per international $ | +1.1% |
| 2002 | 5.33 LCU per international $ | +1.5% |
| 2003 | 5.56 LCU per international $ | +4.5% |
| 2004 | 5.39 LCU per international $ | -3.1% |
| 2005 | 5.06 LCU per international $ | -6.2% |
| 2006 | 5.02 LCU per international $ | -0.8% |
| 2007 | 4.88 LCU per international $ | -2.7% |
| 2008 | 4.69 LCU per international $ | -3.9% |
| 2009 | 4.92 LCU per international $ | +4.9% |
| 2010 | 4.96 LCU per international $ | +0.8% |
| 2011 | 5 LCU per international $ | +0.8% |
| 2012 | 5.08 LCU per international $ | +1.6% |
| 2013 | 5.05 LCU per international $ | -0.6% |
| 2014 | 5.01 LCU per international $ | -0.7% |
| 2015 | 5.37 LCU per international $ | +7.1% |
| 2016 | 5.51 LCU per international $ | +2.6% |
| 2017 | 5.59 LCU per international $ | +1.4% |
| 2018 | 5.57 LCU per international $ | -0.2% |
| 2019 | 5.53 LCU per international $ | -0.7% |
| 2020 | 5.52 LCU per international $ | -0.3% |
| 2021 | 5.27 LCU per international $ | -4.4% |
| 2022 | 5.2 LCU per international $ | -1.4% |
| 2023 | 5.11 LCU per international $ | -1.8% |
Greenland compared with similar countries
- Greenland's 5.11 LCU per international $ is above the median for high income countries, which is 1 LCU per international $, 5.1× the median. (75 countries reporting)
- Greenland's 5.11 LCU per international $ is above the median for Europe & Central Asia, which is 0.8325 LCU per international $, 6.1× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.36 LCU per international $ | 5.2 LCU per international $ | 5.54 LCU per international $ | 10 |
| 2000s | 5.13 LCU per international $ | 4.69 LCU per international $ | 5.56 LCU per international $ | 10 |
| 2010s | 5.27 LCU per international $ | 4.96 LCU per international $ | 5.59 LCU per international $ | 10 |
| 2020s | 5.27 LCU per international $ | 5.11 LCU per international $ | 5.52 LCU per international $ | 4 |
Countries ranked near Greenland
- 103 Eswatini 5.87 LCU per international $ compare
- 104 Hong Kong 5.52 LCU per international $ compare
- 105 Sierra Leone 5.16 LCU per international $ compare
- 107 Botswana 5.07 LCU per international $ compare
- 108 Eritrea 4.94 LCU per international $ compare
- 109 Ghana 4.75 LCU per international $ compare
More economy & growth data for Greenland
- General government final consumption expenditure (constant 2015 US$) 0.367 constant 2015 US$ per US$ of GDP (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (constant 2015 US$), per unit of GDP 1 constant 2015 US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
Frequently asked questions
- What is ppp conversion factor, gdp in Greenland?
- Ppp conversion factor, gdp in Greenland was 5.11 LCU per international $ in 2023, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Greenland?
- The highest recorded value was 5.59 LCU per international $ in 2017.
- What is the lowest ppp conversion factor, gdp recorded in Greenland?
- The lowest recorded value was 4.69 LCU per international $ in 2008.
- How does Greenland rank for ppp conversion factor, gdp?
- Greenland ranks 106th out of 205 countries with data for 2023.
- Is ppp conversion factor, gdp rising or falling in Greenland?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is flat.
- Where does this Greenland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.