Services, value added (current US$), annual growth rate in Greenland
Greenland: Services, value added (current US$), annual growth rate was 6.31 % change on previous year in 2023. ◆ Volatile
Services, value added (current US$), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, services, value added (current us$), annual growth rate in Greenland stood at 6.31 % change on previous year.
The figure is up 193.4% on the previous year and down 5.1% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Greenland peaked at 17.1 % change on previous year in 2004 and was at its lowest, -12.92 % change on previous year, in 2015.
That places Greenland 135th out of 204 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 17.1 % change on previous year | — |
| 2005 | -0.9686 % change on previous year | -105.7% |
| 2006 | 9.12 % change on previous year | -1041.4% |
| 2007 | 14.42 % change on previous year | +58.1% |
| 2008 | 7.95 % change on previous year | -44.8% |
| 2009 | 7.15 % change on previous year | -10.1% |
| 2010 | -3.51 % change on previous year | -149.2% |
| 2011 | 5.35 % change on previous year | -252.1% |
| 2012 | -7.03 % change on previous year | -231.4% |
| 2013 | 6.65 % change on previous year | -194.6% |
| 2014 | 5.27 % change on previous year | -20.7% |
| 2015 | -12.92 % change on previous year | -345.0% |
| 2016 | 4.01 % change on previous year | -131.1% |
| 2017 | 5.54 % change on previous year | +38.0% |
| 2018 | 5.06 % change on previous year | -8.6% |
| 2019 | 0.0254 % change on previous year | -99.5% |
| 2020 | 2.02 % change on previous year | +7869.7% |
| 2021 | 10.57 % change on previous year | +422.9% |
| 2022 | -6.76 % change on previous year | -163.9% |
| 2023 | 6.31 % change on previous year | -193.4% |
Greenland compared with similar countries
- Greenland's 6.31 % change on previous year is below the median for high income countries, which is 8.04 % change on previous year, 79% of the median. (77 countries reporting)
- Greenland's 6.31 % change on previous year is below the median for Europe & Central Asia, which is 10.97 % change on previous year, 58% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +7869.7% | 0.0254 % change on previous year | 2.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.13 % change on previous year | -0.9686 % change on previous year | 17.1 % change on previous year | 6 |
| 2010s | 0.8442 % change on previous year | -12.92 % change on previous year | 6.65 % change on previous year | 10 |
| 2020s | 3.04 % change on previous year | -6.76 % change on previous year | 10.57 % change on previous year | 4 |
Countries ranked near Greenland
- 132 Cayman Islands 6.48 % change on previous year compare
- 133 France 6.42 % change on previous year compare
- 134 South Sudan 6.32 % change on previous year compare
- 136 Saudi Arabia 6.29 % change on previous year compare
- 137 Maldives 6.22 % change on previous year compare
- 138 Israel 6.2 % change on previous year compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), 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 (current us$), annual growth rate in Greenland?
- Services, value added (current us$), annual growth rate in Greenland was 6.31 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Greenland?
- The highest recorded value was 17.1 % change on previous year in 2004.
- What is the lowest services, value added (current us$), annual growth rate recorded in Greenland?
- The lowest recorded value was -12.92 % change on previous year in 2015.
- How does Greenland rank for services, value added (current us$), annual growth rate?
- Greenland ranks 135th out of 204 countries with data for 2023.
- Is services, value added (current us$), annual growth rate rising or falling in Greenland?
- Over the last ten years it is down 5.1%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.