Services, value added (constant LCU), per unit of GDP in Greenland
Greenland: Services, value added (constant LCU), per unit of GDP was 3.09 constant LCU per US$ of GDP in 2023. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for services, value added (constant lcu), per unit of gdp in Greenland is 3.09 constant LCU per US$ of GDP, measured in 2023.
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 lcu), per unit of gdp in Greenland peaked at 4.74 constant LCU per US$ of GDP in 2003 and was at its lowest, 2.99 constant LCU per US$ of GDP, in 2021.
That places Greenland 104th out of 197 countries with data for 2023, putting it 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 LCU), per unit of GDP in Greenland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 4.74 constant LCU per US$ of GDP | — |
| 2004 | 4.22 constant LCU per US$ of GDP | -11.1% |
| 2005 | 4.26 constant LCU per US$ of GDP | +1.0% |
| 2006 | 4.19 constant LCU per US$ of GDP | -1.6% |
| 2007 | 3.84 constant LCU per US$ of GDP | -8.5% |
| 2008 | 3.55 constant LCU per US$ of GDP | -7.6% |
| 2009 | 3.65 constant LCU per US$ of GDP | +2.8% |
| 2010 | 3.69 constant LCU per US$ of GDP | +1.2% |
| 2011 | 3.42 constant LCU per US$ of GDP | -7.2% |
| 2012 | 3.52 constant LCU per US$ of GDP | +2.7% |
| 2013 | 3.41 constant LCU per US$ of GDP | -3.1% |
| 2014 | 3.25 constant LCU per US$ of GDP | -4.8% |
| 2015 | 3.7 constant LCU per US$ of GDP | +14.1% |
| 2016 | 3.45 constant LCU per US$ of GDP | -6.9% |
| 2017 | 3.29 constant LCU per US$ of GDP | -4.5% |
| 2018 | 3.15 constant LCU per US$ of GDP | -4.3% |
| 2019 | 3.31 constant LCU per US$ of GDP | +4.9% |
| 2020 | 3.1 constant LCU per US$ of GDP | -6.1% |
| 2021 | 2.99 constant LCU per US$ of GDP | -3.6% |
| 2022 | 3.2 constant LCU per US$ of GDP | +6.9% |
| 2023 | 3.09 constant LCU per US$ of GDP | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.06 constant LCU per US$ of GDP | 3.55 constant LCU per US$ of GDP | 4.74 constant LCU per US$ of GDP | 7 |
| 2010s | 3.42 constant LCU per US$ of GDP | 3.15 constant LCU per US$ of GDP | 3.7 constant LCU per US$ of GDP | 10 |
| 2020s | 3.1 constant LCU per US$ of GDP | 2.99 constant LCU per US$ of GDP | 3.2 constant LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 101 Trinidad and Tobago 3.31 constant LCU per US$ of GDP compare
- 102 Bolivia, Plurinational State of 3.29 constant LCU per US$ of GDP compare
- 103 Guatemala 3.23 constant LCU per US$ of GDP compare
- 105 Sao Tome and Principe 2.93 constant LCU per US$ of GDP compare
- 106 Israel 2.25 constant LCU per US$ of GDP compare
- 107 Suriname 2.19 constant LCU per US$ of GDP compare
More economy & growth data for Greenland
- Imports of goods and services (current US$), annual growth rate 2.55 % change on previous year (2023)
- Gross capital formation (current US$), annual growth rate 0.3806 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.36 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 21,057 current US$ per person (2023)
- Gross capital formation (current LCU), annual growth rate -2.26 % change on previous year (2023)
- Gross capital formation (current LCU), per unit of GDP 2.48 current LCU per US$ of GDP (2023)
- Gross capital formation (current LCU), per capita 145,077 current LCU per person (2023)
- Gross capital formation (constant 2015 US$), annual growth rate -3.59 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3134 constant 2015 US$ per US$ of GDP (2023)
- Gross capital formation (constant 2015 US$), per capita 18,332 constant 2015 US$ per person (2023)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Greenland?
- Services, value added (constant lcu), per unit of gdp in Greenland was 3.09 constant LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 4.74 constant LCU per US$ of GDP in 2003.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 2.99 constant LCU per US$ of GDP in 2021.
- How does Greenland rank for services, value added (constant lcu), per unit of gdp?
- Greenland ranks 104th out of 197 countries with data for 2023.
- Is services, value added (constant lcu), 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.