Services, value added (constant 2015 US$), annual growth rate (2015) in Greenland
Greenland: Services, value added (constant 2015 US$), annual growth rate (2015) was 2.15 % change on previous year in 2023. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded 2.15 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2023.
Compared with earlier readings it is down 5.3% on the previous year and up 922.5% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Greenland peaked at 7.14 % change on previous year in 2006 and was at its lowest, -3.25 % change on previous year, in 2020.
That places Greenland 133rd out of 195 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate (2015) in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 3.91 % change on previous year | — |
| 2005 | 2.53 % change on previous year | -35.4% |
| 2006 | 7.14 % change on previous year | +182.4% |
| 2007 | 2.25 % change on previous year | -68.5% |
| 2008 | 2.64 % change on previous year | +17.6% |
| 2009 | 4.09 % change on previous year | +54.7% |
| 2010 | 0.1659 % change on previous year | -95.9% |
| 2011 | -0.5218 % change on previous year | -414.5% |
| 2012 | -0.1198 % change on previous year | -77.0% |
| 2013 | -0.2616 % change on previous year | +118.4% |
| 2014 | 0.7554 % change on previous year | -388.7% |
| 2015 | 0.3624 % change on previous year | -52.0% |
| 2016 | 0.8164 % change on previous year | +125.2% |
| 2017 | 0.6281 % change on previous year | -23.1% |
| 2018 | 2.6 % change on previous year | +313.9% |
| 2019 | 2.85 % change on previous year | +9.6% |
| 2020 | -3.25 % change on previous year | -214.2% |
| 2021 | 2.74 % change on previous year | -184.2% |
| 2022 | 2.27 % change on previous year | -17.0% |
| 2023 | 2.15 % change on previous year | -5.3% |
Greenland compared with similar countries
- Greenland's 2.15 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 1.0× the median. (69 countries reporting)
- Greenland's 2.15 % change on previous year is above the median for Europe & Central Asia, which is 2.15 % change on previous year, 1.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.76 % change on previous year | 2.25 % change on previous year | 7.14 % change on previous year | 6 |
| 2010s | 0.7274 % change on previous year | -0.5218 % change on previous year | 2.85 % change on previous year | 10 |
| 2020s | 0.9773 % change on previous year | -3.25 % change on previous year | 2.74 % change on previous year | 4 |
Countries ranked near Greenland
- 130 Senegal 2.54 % change on previous year compare
- 131 Croatia 2.54 % change on previous year compare
- 132 Iceland 2.16 % change on previous year compare
- 134 Malawi 2.15 % change on previous year compare
- 135 Equatorial Guinea 2.11 % change on previous year compare
- 136 Sweden 2.04 % change on previous year compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (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)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.367 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 US$), annual growth rate 4.12 % change on previous year (2023)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.3182 % change on previous year (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Greenland?
- Services, value added (constant 2015 us$), annual growth rate in Greenland was 2.15 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Greenland?
- The highest recorded value was 7.14 % change on previous year in 2006.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Greenland?
- The lowest recorded value was -3.25 % change on previous year in 2020.
- How does Greenland rank for services, value added (constant 2015 us$), annual growth rate?
- Greenland ranks 133rd out of 195 countries with data for 2023.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 922.5%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.