Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Greenland
Greenland: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.5256 constant 2015 US$ per US$ of GDP in 2023. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2023, services, value added (constant 2015 us$), per unit of gdp in Greenland stood at 0.5256 constant 2015 US$ per US$ of GDP.
Compared with earlier readings it is down 3.2% on the previous year and down 9.3% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Greenland peaked at 0.8061 constant 2015 US$ per US$ of GDP in 2003 and was at its lowest, 0.5081 constant 2015 US$ per US$ of GDP, in 2021.
Greenland ranks 73rd of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Greenland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.8061 constant 2015 US$ per US$ of GDP | — |
| 2004 | 0.7164 constant 2015 US$ per US$ of GDP | -11.1% |
| 2005 | 0.7237 constant 2015 US$ per US$ of GDP | +1.0% |
| 2006 | 0.7125 constant 2015 US$ per US$ of GDP | -1.5% |
| 2007 | 0.6519 constant 2015 US$ per US$ of GDP | -8.5% |
| 2008 | 0.6024 constant 2015 US$ per US$ of GDP | -7.6% |
| 2009 | 0.6194 constant 2015 US$ per US$ of GDP | +2.8% |
| 2010 | 0.627 constant 2015 US$ per US$ of GDP | +1.2% |
| 2011 | 0.5816 constant 2015 US$ per US$ of GDP | -7.2% |
| 2012 | 0.5976 constant 2015 US$ per US$ of GDP | +2.7% |
| 2013 | 0.5793 constant 2015 US$ per US$ of GDP | -3.1% |
| 2014 | 0.5514 constant 2015 US$ per US$ of GDP | -4.8% |
| 2015 | 0.6294 constant 2015 US$ per US$ of GDP | +14.1% |
| 2016 | 0.5857 constant 2015 US$ per US$ of GDP | -6.9% |
| 2017 | 0.5596 constant 2015 US$ per US$ of GDP | -4.5% |
| 2018 | 0.5357 constant 2015 US$ per US$ of GDP | -4.3% |
| 2019 | 0.5618 constant 2015 US$ per US$ of GDP | +4.9% |
| 2020 | 0.5272 constant 2015 US$ per US$ of GDP | -6.1% |
| 2021 | 0.5081 constant 2015 US$ per US$ of GDP | -3.6% |
| 2022 | 0.543 constant 2015 US$ per US$ of GDP | +6.9% |
| 2023 | 0.5256 constant 2015 US$ per US$ of GDP | -3.2% |
Greenland compared with similar countries
- Greenland's 0.5256 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 99% of the median. (69 countries reporting)
- Greenland's 0.5256 constant 2015 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.4391 constant 2015 US$ per US$ of GDP, 1.2× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6903 constant 2015 US$ per US$ of GDP | 0.6024 constant 2015 US$ per US$ of GDP | 0.8061 constant 2015 US$ per US$ of GDP | 7 |
| 2010s | 0.5809 constant 2015 US$ per US$ of GDP | 0.5357 constant 2015 US$ per US$ of GDP | 0.6294 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.526 constant 2015 US$ per US$ of GDP | 0.5081 constant 2015 US$ per US$ of GDP | 0.543 constant 2015 US$ per US$ of GDP | 4 |
Countries ranked near Greenland
- 70 Costa Rica 0.5269 constant 2015 US$ per US$ of GDP compare
- 71 Antigua and Barbuda 0.5263 constant 2015 US$ per US$ of GDP compare
- 72 Ecuador 0.5262 constant 2015 US$ per US$ of GDP compare
- 74 Norway 0.5247 constant 2015 US$ per US$ of GDP compare
- 75 Dominica 0.5215 constant 2015 US$ per US$ of GDP compare
- 76 Chile 0.5209 constant 2015 US$ per US$ of GDP 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$), per unit of gdp in Greenland?
- Services, value added (constant 2015 us$), per unit of gdp in Greenland was 0.5256 constant 2015 US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.8061 constant 2015 US$ per US$ of GDP in 2003.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.5081 constant 2015 US$ per US$ of GDP in 2021.
- How does Greenland rank for services, value added (constant 2015 us$), per unit of gdp?
- Greenland ranks 73rd out of 195 countries with data for 2023.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is down 9.3%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.