Services, value added (current LCU), annual growth rate in Greenland
Greenland: Services, value added (current LCU), annual growth rate was 3.51 % change on previous year in 2023. ◆ Volatile
Services, value added (current LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current lcu), annual growth rate in Greenland is 3.51 % change on previous year, measured in 2023.
The figure is down 29.1% on the previous year and up 3.0% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Greenland peaked at 12.67 % change on previous year in 2009 and was at its lowest, -0.8722 % change on previous year, in 2005.
That places Greenland 177th out of 204 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 6.49 % change on previous year | — |
| 2005 | -0.8722 % change on previous year | -113.4% |
| 2006 | 8.21 % change on previous year | -1040.8% |
| 2007 | 4.74 % change on previous year | -42.2% |
| 2008 | 1.1 % change on previous year | -76.8% |
| 2009 | 12.67 % change on previous year | +1052.3% |
| 2010 | 1.22 % change on previous year | -90.3% |
| 2011 | 0.5629 % change on previous year | -54.0% |
| 2012 | 0.3122 % change on previous year | -44.5% |
| 2013 | 3.41 % change on previous year | +991.1% |
| 2014 | 5.2 % change on previous year | +52.7% |
| 2015 | 4.38 % change on previous year | -15.8% |
| 2016 | 4.07 % change on previous year | -7.0% |
| 2017 | 3.52 % change on previous year | -13.6% |
| 2018 | 0.4737 % change on previous year | -86.5% |
| 2019 | 5.65 % change on previous year | +1091.9% |
| 2020 | 0.0735 % change on previous year | -98.7% |
| 2021 | 6.26 % change on previous year | +8409.5% |
| 2022 | 4.94 % change on previous year | -21.0% |
| 2023 | 3.51 % change on previous year | -29.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.39 % change on previous year | -0.8722 % change on previous year | 12.67 % change on previous year | 6 |
| 2010s | 2.88 % change on previous year | 0.3122 % change on previous year | 5.65 % change on previous year | 10 |
| 2020s | 3.7 % change on previous year | 0.0735 % change on previous year | 6.26 % change on previous year | 4 |
Countries ranked near Greenland
- 174 Republic of Korea 3.67 % change on previous year compare
- 175 Sweden 3.64 % change on previous year compare
- 176 Grenada 3.53 % change on previous year compare
- 178 Libya 3.42 % change on previous year compare
- 179 Sri Lanka 3.4 % change on previous year compare
- 180 Qatar 3.32 % change on previous year compare
More economy & growth data for Greenland
- Gross domestic savings (current US$), per capita 15,036 current US$ per person (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Gross domestic savings (current LCU), per capita 103,593 current LCU per person (2023)
- US dollar per domestic currency (End-of-period (EoP)) 0.1418 (2016)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gdp worldbank constant usd, annual growth rate 0.8661 % change on previous year (2023)
- Gross domestic savings (current US$), annual growth rate 4.1 % change on previous year (2023)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Greenland?
- Services, value added (current lcu), annual growth rate in Greenland was 3.51 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 12.67 % change on previous year in 2009.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -0.8722 % change on previous year in 2005.
- How does Greenland rank for services, value added (current lcu), annual growth rate?
- Greenland ranks 177th out of 204 countries with data for 2023.
- Is services, value added (current lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 3.0%. 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 (current LCU), 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 (current LCU). 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.