Services, value added (current LCU) in Greenland
Greenland: Services, value added (current LCU) was 13.98 billion current LCU in 2023. ▲ Rising
Services, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Greenland is 13.98 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 45.1% over ten years.
Over the whole period, services, value added in Greenland peaked at 13.98 billion current LCU in 2023 and was at its lowest, 6.70 billion current LCU, in 2003.
That places Greenland 168th out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Services, value added (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 6.70 billion current LCU | — |
| 2004 | 7.13 billion current LCU | +6.5% |
| 2005 | 7.07 billion current LCU | -0.9% |
| 2006 | 7.65 billion current LCU | +8.2% |
| 2007 | 8.01 billion current LCU | +4.7% |
| 2008 | 8.10 billion current LCU | +1.1% |
| 2009 | 9.13 billion current LCU | +12.7% |
| 2010 | 9.24 billion current LCU | +1.2% |
| 2011 | 9.29 billion current LCU | +0.6% |
| 2012 | 9.32 billion current LCU | +0.3% |
| 2013 | 9.64 billion current LCU | +3.4% |
| 2014 | 10.14 billion current LCU | +5.2% |
| 2015 | 10.58 billion current LCU | +4.4% |
| 2016 | 11.01 billion current LCU | +4.1% |
| 2017 | 11.40 billion current LCU | +3.5% |
| 2018 | 11.45 billion current LCU | +0.5% |
| 2019 | 12.10 billion current LCU | +5.6% |
| 2020 | 12.11 billion current LCU | +0.1% |
| 2021 | 12.87 billion current LCU | +6.3% |
| 2022 | 13.50 billion current LCU | +4.9% |
| 2023 | 13.98 billion current LCU | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.68 billion current LCU | 6.70 billion current LCU | 9.13 billion current LCU | 7 |
| 2010s | 10.42 billion current LCU | 9.24 billion current LCU | 12.10 billion current LCU | 10 |
| 2020s | 13.11 billion current LCU | 12.11 billion current LCU | 13.98 billion current LCU | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Households and NPISHs Final consumption expenditure (current LCU) 2.51 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current US$) 19,063 current US$ per person (2023)
- Households and NPISHs Final consumption expenditure (current US$) 0.3259 current US$ per US$ of GDP (2023)
- Households and NPISHs Final consumption expenditure (current US$) 5.29 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 21,468 constant 2015 US$ per person (2023)
- 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$) 2.17 % change on previous year (2023)
- General government final consumption expenditure (current US$), per 0.4171 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
Frequently asked questions
- What is services, value added in Greenland?
- Services, value added in Greenland was 13.98 billion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Greenland?
- The highest recorded value was 13.98 billion current LCU in 2023.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was 6.70 billion current LCU in 2003.
- How does Greenland rank for services, value added?
- Greenland ranks 168th out of 206 countries with data for 2023.
- Is services, value added rising or falling in Greenland?
- Over the last ten years it is up 45.1%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.