Taxes less subsidies on products in Greenland
Greenland: Taxes less subsidies on products was 169.50 million constant LCU in 2023. ▼ Falling
Taxes less subsidies on products in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, taxes less subsidies on products in Greenland stood at 169.50 million constant LCU.
Compared with earlier readings it is down 9.2% on the previous year and down 57.9% over ten years.
Over the whole period, taxes less subsidies on products in Greenland peaked at 456.50 million constant LCU in 2009 and was at its lowest, 154.40 million constant LCU, in 2020.
Greenland ranks 174th of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Taxes less subsidies on products in Greenland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 174.00 million constant LCU | — |
| 2004 | 271.10 million constant LCU | +55.8% |
| 2005 | 294.40 million constant LCU | +8.6% |
| 2006 | 333.30 million constant LCU | +13.2% |
| 2007 | 408.70 million constant LCU | +22.6% |
| 2008 | 405.10 million constant LCU | -0.9% |
| 2009 | 456.50 million constant LCU | +12.7% |
| 2010 | 407.60 million constant LCU | -10.7% |
| 2011 | 388.10 million constant LCU | -4.8% |
| 2012 | 407.40 million constant LCU | +5.0% |
| 2013 | 402.50 million constant LCU | -1.2% |
| 2014 | 416.70 million constant LCU | +3.5% |
| 2015 | 326.80 million constant LCU | -21.6% |
| 2016 | 304.20 million constant LCU | -6.9% |
| 2017 | 278.10 million constant LCU | -8.6% |
| 2018 | 209.30 million constant LCU | -24.7% |
| 2019 | 174.90 million constant LCU | -16.4% |
| 2020 | 154.40 million constant LCU | -11.7% |
| 2021 | 190.60 million constant LCU | +23.4% |
| 2022 | 186.70 million constant LCU | -2.0% |
| 2023 | 169.50 million constant LCU | -9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 334.73 million constant LCU | 174.00 million constant LCU | 456.50 million constant LCU | 7 |
| 2010s | 331.56 million constant LCU | 174.90 million constant LCU | 416.70 million constant LCU | 10 |
| 2020s | 175.30 million constant LCU | 154.40 million constant LCU | 190.60 million constant LCU | 4 |
Countries ranked near Greenland
- 171 Cayman Islands 272.90 million constant LCU compare
- 172 Turks and Caicos Islands 234.38 million constant LCU compare
- 173 Liberia 202.89 million constant LCU compare
- 175 Sint Maarten (Dutch part) 151.75 million constant LCU compare
- 176 Tonga 149.63 million constant LCU compare
- 177 San Marino 103.74 million constant LCU compare
More economy & growth data for Greenland
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- Net primary income (Net income from abroad) (current US$), annual 41.62 % change on previous year (2007)
- GNI (current LCU), per capita 196,570 current LCU per person (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8491 constant 2015 US$ per US$ of GDP (2023)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
- GNI (current US$), annual growth rate 23.21 % change on previous year (2007)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
Frequently asked questions
- What is taxes less subsidies on products in Greenland?
- Taxes less subsidies on products in Greenland was 169.50 million constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Greenland?
- The highest recorded value was 456.50 million constant LCU in 2009.
- What is the lowest taxes less subsidies on products recorded in Greenland?
- The lowest recorded value was 154.40 million constant LCU in 2020.
- How does Greenland rank for taxes less subsidies on products?
- Greenland ranks 174th out of 189 countries with data for 2023.
- Is taxes less subsidies on products rising or falling in Greenland?
- Over the last ten years it is down 57.9%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.