Services, value added in Greenland
Greenland: Services, value added was 61.0% in 2023. ▼ Falling
Services, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2023, services, value added in Greenland stood at 61.0%.
Compared with earlier readings it is up 0.7% on the previous year and down 4.6% over ten years.
Over the whole period, services, value added in Greenland peaked at 67.3% in 2009 and was at its lowest, 59.4%, in 2018.
Greenland ranks 79th of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Services, value added in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 65.2% | — |
| 2004 | 65.3% | +0.2% |
| 2005 | 63.7% | -2.4% |
| 2006 | 63.9% | +0.3% |
| 2007 | 65.4% | +2.4% |
| 2008 | 63.6% | -2.8% |
| 2009 | 67.3% | +5.8% |
| 2010 | 65.6% | -2.5% |
| 2011 | 64.5% | -1.8% |
| 2012 | 61.6% | -4.4% |
| 2013 | 63.9% | +3.7% |
| 2014 | 63.6% | -0.5% |
| 2015 | 62.9% | -1.0% |
| 2016 | 60.4% | -4.0% |
| 2017 | 60.5% | +0.2% |
| 2018 | 59.4% | -2.0% |
| 2019 | 60.5% | +2.0% |
| 2020 | 59.9% | -1.0% |
| 2021 | 62.1% | +3.7% |
| 2022 | 60.5% | -2.6% |
| 2023 | 61.0% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.9% | 63.6% | 67.3% | 7 |
| 2010s | 62.3% | 59.4% | 65.6% | 10 |
| 2020s | 60.9% | 59.9% | 62.1% | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI (current US$), per capita 36,110 current US$ per person (2007)
- GNI (current US$), per unit of GDP 0.9077 current US$ per US$ of GDP (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Gross domestic savings (current LCU), per capita 103,593 current LCU per person (2023)
- Gross domestic savings (current LCU), annual growth rate 1.36 % change on previous year (2023)
- Gross domestic savings (current LCU), per unit of GDP 1.77 current LCU per US$ of GDP (2023)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
Frequently asked questions
- What is services, value added in Greenland?
- Services, value added in Greenland was 61.0% 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 67.3% in 2009.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was 59.4% in 2018.
- How does Greenland rank for services, value added?
- Greenland ranks 79th out of 204 countries with data for 2023.
- Is services, value added rising or falling in Greenland?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.