Services, value added in Greenland
Greenland: Services, value added was 2.03 billion current US$ in 2023. ▲ Rising
Services, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Greenland is 2.03 billion current US$, measured in 2023.
Compared with earlier readings it is up 6.3% on the previous year and up 18.2% over ten years.
Over the whole period, services, value added in Greenland peaked at 2.05 billion current US$ in 2021 and was at its lowest, 1.02 billion current US$, in 2003.
That places Greenland 177th out of 206 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Services, value added in Greenland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 1.02 billion current US$ | — |
| 2004 | 1.19 billion current US$ | +17.1% |
| 2005 | 1.18 billion current US$ | -1.0% |
| 2006 | 1.29 billion current US$ | +9.1% |
| 2007 | 1.47 billion current US$ | +14.4% |
| 2008 | 1.59 billion current US$ | +8.0% |
| 2009 | 1.70 billion current US$ | +7.1% |
| 2010 | 1.64 billion current US$ | -3.5% |
| 2011 | 1.73 billion current US$ | +5.3% |
| 2012 | 1.61 billion current US$ | -7.0% |
| 2013 | 1.72 billion current US$ | +6.6% |
| 2014 | 1.81 billion current US$ | +5.3% |
| 2015 | 1.57 billion current US$ | -12.9% |
| 2016 | 1.64 billion current US$ | +4.0% |
| 2017 | 1.73 billion current US$ | +5.5% |
| 2018 | 1.81 billion current US$ | +5.1% |
| 2019 | 1.81 billion current US$ | +0.0% |
| 2020 | 1.85 billion current US$ | +2.0% |
| 2021 | 2.05 billion current US$ | +10.6% |
| 2022 | 1.91 billion current US$ | -6.8% |
| 2023 | 2.03 billion current US$ | +6.3% |
Greenland compared with similar countries
- Greenland's 2.03 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 3% of the median. (77 countries reporting)
- Greenland's 2.03 billion current US$ is below the median for Europe & Central Asia, which is 66.18 billion current US$, 3% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.35 billion current US$ | 1.02 billion current US$ | 1.70 billion current US$ | 7 |
| 2010s | 1.71 billion current US$ | 1.57 billion current US$ | 1.81 billion current US$ | 10 |
| 2020s | 1.96 billion current US$ | 1.85 billion current US$ | 2.05 billion current US$ | 4 |
Countries ranked near Greenland
- 174 Faroe Islands 2.18 billion current US$ compare
- 175 Liberia 2.10 billion current US$ compare
- 176 Cape Verde 2.08 billion current US$ compare
- 178 Belize 2.00 billion current US$ compare
- 179 Saint Lucia 1.96 billion current US$ compare
- 180 Bhutan 1.90 billion current US$ compare
More economy & growth data for Greenland
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.24 % change on previous year (2023)
- Final consumption expenditure (current LCU), annual growth rate 3.24 % change on previous year (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.743 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current US$), per capita 43,463 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Final consumption expenditure (current LCU), per unit of GDP 5.12 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is services, value added in Greenland?
- Services, value added in Greenland was 2.03 billion current US$ 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 2.05 billion current US$ in 2021.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was 1.02 billion current US$ in 2003.
- How does Greenland rank for services, value added?
- Greenland ranks 177th 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 18.2%. 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 US$). 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 indicator is expressed in United States dollars.