Taxes less subsidies on products (current LCU) in Greenland
Greenland: Taxes less subsidies on products (current LCU) was 918.60 million current LCU in 2023. ▲ Rising
Taxes less subsidies on products in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Greenland recorded 918.60 million current LCU for taxes less subsidies on products in 2023. That is the highest value across all 21 years on record.
The figure is up 5.0% on the previous year and up 107.5% over ten years.
Over the whole period, taxes less subsidies on products in Greenland peaked at 918.60 million current LCU in 2023 and was at its lowest, 233.60 million current LCU, in 2003.
Greenland ranks 166th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes less subsidies on products (current LCU) in Greenland, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 233.60 million current LCU | — |
| 2004 | 275.60 million current LCU | +18.0% |
| 2005 | 341.80 million current LCU | +24.0% |
| 2006 | 375.00 million current LCU | +9.7% |
| 2007 | 424.60 million current LCU | +13.2% |
| 2008 | 442.80 million current LCU | +4.3% |
| 2009 | 426.30 million current LCU | -3.7% |
| 2010 | 407.60 million current LCU | -4.4% |
| 2011 | 417.80 million current LCU | +2.5% |
| 2012 | 491.00 million current LCU | +17.5% |
| 2013 | 442.60 million current LCU | -9.9% |
| 2014 | 544.60 million current LCU | +23.0% |
| 2015 | 501.10 million current LCU | -8.0% |
| 2016 | 632.00 million current LCU | +26.1% |
| 2017 | 637.50 million current LCU | +0.9% |
| 2018 | 771.30 million current LCU | +21.0% |
| 2019 | 769.40 million current LCU | -0.2% |
| 2020 | 748.20 million current LCU | -2.8% |
| 2021 | 753.90 million current LCU | +0.8% |
| 2022 | 875.10 million current LCU | +16.1% |
| 2023 | 918.60 million current LCU | +5.0% |
Greenland compared with similar countries
- Greenland's 918.60 million current LCU is below the median for high income countries, which is 26.91 billion current LCU, 3% of the median. (74 countries reporting)
- Greenland's 918.60 million current LCU is below the median for Europe & Central Asia, which is 40.57 billion current LCU, 2% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 359.96 million current LCU | 233.60 million current LCU | 442.80 million current LCU | 7 |
| 2010s | 561.49 million current LCU | 407.60 million current LCU | 771.30 million current LCU | 10 |
| 2020s | 823.95 million current LCU | 748.20 million current LCU | 918.60 million current LCU | 4 |
Countries ranked near Greenland
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 in Greenland?
- Taxes less subsidies on products in Greenland was 918.60 million current 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 918.60 million current LCU in 2023.
- What is the lowest taxes less subsidies on products recorded in Greenland?
- The lowest recorded value was 233.60 million current LCU in 2003.
- How does Greenland rank for taxes less subsidies on products?
- Greenland ranks 166th out of 199 countries with data for 2023.
- Is taxes less subsidies on products rising or falling in Greenland?
- Over the last ten years it is up 107.5%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.