Taxes less subsidies on products (current LCU), annual growth rate in Greenland
Greenland: Taxes less subsidies on products (current LCU), annual growth rate was 4.97 % change on previous year in 2023. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, taxes less subsidies on products (current lcu), annual growth rate in Greenland stood at 4.97 % change on previous year.
Compared with earlier readings it is down 69.1% on the previous year and up 150.4% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Greenland peaked at 26.12 % change on previous year in 2016 and was at its lowest, -9.86 % change on previous year, in 2013.
That places Greenland 132nd out of 197 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.
Taxes less subsidies on products (current LCU), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 17.98 % change on previous year | — |
| 2005 | 24.02 % change on previous year | +33.6% |
| 2006 | 9.71 % change on previous year | -59.6% |
| 2007 | 13.23 % change on previous year | +36.2% |
| 2008 | 4.29 % change on previous year | -67.6% |
| 2009 | -3.73 % change on previous year | -186.9% |
| 2010 | -4.39 % change on previous year | +17.7% |
| 2011 | 2.5 % change on previous year | -157.0% |
| 2012 | 17.52 % change on previous year | +600.1% |
| 2013 | -9.86 % change on previous year | -156.3% |
| 2014 | 23.05 % change on previous year | -333.8% |
| 2015 | -7.99 % change on previous year | -134.7% |
| 2016 | 26.12 % change on previous year | -427.0% |
| 2017 | 0.8703 % change on previous year | -96.7% |
| 2018 | 20.99 % change on previous year | +2311.7% |
| 2019 | -0.2463 % change on previous year | -101.2% |
| 2020 | -2.76 % change on previous year | +1018.5% |
| 2021 | 0.7618 % change on previous year | -127.6% |
| 2022 | 16.08 % change on previous year | +2010.2% |
| 2023 | 4.97 % change on previous year | -69.1% |
Greenland compared with similar countries
- Greenland's 4.97 % change on previous year is below the median for high income countries, which is 5.32 % change on previous year, 94% of the median. (74 countries reporting)
- Greenland's 4.97 % change on previous year is below the median for Europe & Central Asia, which is 7.74 % change on previous year, 64% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), 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 |
|---|---|---|---|
| 2018 | +2311.7% | 0.8703 % change on previous year | 20.99 % change on previous year |
| 2022 | +2010.2% | 0.7618 % change on previous year | 16.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.92 % change on previous year | -3.73 % change on previous year | 24.02 % change on previous year | 6 |
| 2010s | 6.86 % change on previous year | -9.86 % change on previous year | 26.12 % change on previous year | 10 |
| 2020s | 4.76 % change on previous year | -2.76 % change on previous year | 16.08 % change on previous year | 4 |
Countries ranked near Greenland
- 129 Switzerland 5.05 % change on previous year compare
- 130 Comoros 5.04 % change on previous year compare
- 131 Ireland 5.02 % change on previous year compare
- 133 Netherlands 4.86 % change on previous year compare
- 134 Dominican Republic 4.73 % change on previous year compare
- 135 Saint Lucia 4.71 % 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 taxes less subsidies on products (current lcu), annual growth rate in Greenland?
- Taxes less subsidies on products (current lcu), annual growth rate in Greenland was 4.97 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 26.12 % change on previous year in 2016.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -9.86 % change on previous year in 2013.
- How does Greenland rank for taxes less subsidies on products (current lcu), annual growth rate?
- Greenland ranks 132nd out of 197 countries with data for 2023.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 150.4%. 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 Taxes less subsidies on products (current LCU), 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 Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.