Taxes less subsidies on products (constant LCU), per unit of GDP in Greenland
Greenland: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.051 constant LCU per US$ of GDP in 2023. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Greenland, 2003–2023
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2023, taxes less subsidies on products (constant lcu), per unit of gdp in Greenland stood at 0.051 constant LCU per US$ of GDP.
The figure is down 14.0% on the previous year and down 66.0% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Greenland peaked at 0.1817 constant LCU per US$ of GDP in 2007 and was at its lowest, 0.05 constant LCU per US$ of GDP, in 2020.
That places Greenland 162nd out of 189 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Greenland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.1116 constant LCU per US$ of GDP | — |
| 2004 | 0.1488 constant LCU per US$ of GDP | +33.3% |
| 2005 | 0.1592 constant LCU per US$ of GDP | +7.0% |
| 2006 | 0.1656 constant LCU per US$ of GDP | +4.0% |
| 2007 | 0.1817 constant LCU per US$ of GDP | +9.7% |
| 2008 | 0.1621 constant LCU per US$ of GDP | -10.8% |
| 2009 | 0.1804 constant LCU per US$ of GDP | +11.3% |
| 2010 | 0.1628 constant LCU per US$ of GDP | -9.8% |
| 2011 | 0.1446 constant LCU per US$ of GDP | -11.2% |
| 2012 | 0.1561 constant LCU per US$ of GDP | +8.0% |
| 2013 | 0.1499 constant LCU per US$ of GDP | -4.0% |
| 2014 | 0.1466 constant LCU per US$ of GDP | -2.2% |
| 2015 | 0.1308 constant LCU per US$ of GDP | -10.8% |
| 2016 | 0.1124 constant LCU per US$ of GDP | -14.1% |
| 2017 | 0.0975 constant LCU per US$ of GDP | -13.2% |
| 2018 | 0.0685 constant LCU per US$ of GDP | -29.8% |
| 2019 | 0.0584 constant LCU per US$ of GDP | -14.8% |
| 2020 | 0.05 constant LCU per US$ of GDP | -14.4% |
| 2021 | 0.0579 constant LCU per US$ of GDP | +15.8% |
| 2022 | 0.0592 constant LCU per US$ of GDP | +2.3% |
| 2023 | 0.051 constant LCU per US$ of GDP | -14.0% |
Greenland compared with similar countries
- Greenland's 0.051 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 57% of the median. (66 countries reporting)
- Greenland's 0.051 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.0947 constant LCU per US$ of GDP, 54% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1585 constant LCU per US$ of GDP | 0.1116 constant LCU per US$ of GDP | 0.1817 constant LCU per US$ of GDP | 7 |
| 2010s | 0.1228 constant LCU per US$ of GDP | 0.0584 constant LCU per US$ of GDP | 0.1628 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0545 constant LCU per US$ of GDP | 0.05 constant LCU per US$ of GDP | 0.0592 constant LCU per US$ of GDP | 4 |
Countries ranked near Greenland
- 159 Spain 0.0572 constant LCU per US$ of GDP compare
- 160 Eritrea 0.0537 constant LCU per US$ of GDP compare
- 161 San Marino 0.0512 constant LCU per US$ of GDP compare
- 163 Singapore 0.0496 constant LCU per US$ of GDP compare
- 164 Malaysia 0.0479 constant LCU per US$ of GDP compare
- 165 Ecuador 0.0462 constant LCU per US$ of GDP 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 taxes less subsidies on products (constant lcu), per unit of gdp in Greenland?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Greenland was 0.051 constant LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Greenland?
- The highest recorded value was 0.1817 constant LCU per US$ of GDP in 2007.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Greenland?
- The lowest recorded value was 0.05 constant LCU per US$ of GDP in 2020.
- How does Greenland rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Greenland ranks 162nd out of 189 countries with data for 2023.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Greenland?
- Over the last ten years it is down 66.0%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.