Terms of trade adjustment (constant LCU), annual growth rate in Greenland
Greenland: Terms of trade adjustment (constant LCU), annual growth rate was 2.25 % change on previous year in 2023. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Greenland, 2004–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for terms of trade adjustment (constant lcu), annual growth rate in Greenland is 2.25 % change on previous year, measured in 2023.
That represents a change of down 93.4% on the previous year and up 25.6% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Greenland peaked at 286.18 % change on previous year in 2015 and was at its lowest, -480.24 % change on previous year, in 2008.
Greenland ranks 95th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | -15.79 % change on previous year | — |
| 2005 | -45.51 % change on previous year | +188.3% |
| 2006 | 41.09 % change on previous year | -190.3% |
| 2007 | -83.35 % change on previous year | -302.8% |
| 2008 | -480.24 % change on previous year | +476.2% |
| 2009 | 83.65 % change on previous year | -117.4% |
| 2010 | 100 % change on previous year | +19.5% |
| 2012 | 109.97 % change on previous year | +10.0% |
| 2013 | 1.79 % change on previous year | -98.4% |
| 2014 | -31.03 % change on previous year | -1828.6% |
| 2015 | 286.18 % change on previous year | -1022.4% |
| 2016 | 47.8 % change on previous year | -83.3% |
| 2017 | 11.04 % change on previous year | -76.9% |
| 2018 | 17.94 % change on previous year | +62.6% |
| 2019 | -6.68 % change on previous year | -137.2% |
| 2020 | -10.98 % change on previous year | +64.3% |
| 2021 | -4.42 % change on previous year | -59.8% |
| 2022 | 33.94 % change on previous year | -868.1% |
| 2023 | 2.25 % change on previous year | -93.4% |
Greenland compared with similar countries
- Greenland's 2.25 % change on previous year is below the median for high income countries, which is 12.48 % change on previous year, 18% of the median. (63 countries reporting)
- Greenland's 2.25 % change on previous year is below the median for Europe & Central Asia, which is 19.41 % change on previous year, 12% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Terms of trade adjustment (constant 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 |
|---|---|---|---|
| 2014 | -1828.6% | 1.79 % change on previous year | -31.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -83.36 % change on previous year | -480.24 % change on previous year | 83.65 % change on previous year | 6 |
| 2010s | 59.67 % change on previous year | -31.03 % change on previous year | 286.18 % change on previous year | 9 |
| 2020s | 5.2 % change on previous year | -10.98 % change on previous year | 33.94 % change on previous year | 4 |
Countries ranked near Greenland
- 92 United States 6.39 % change on previous year compare
- 93 Mali 4.42 % change on previous year compare
- 94 Namibia 3.94 % change on previous year compare
- 96 Mauritius 1.81 % change on previous year compare
- 97 Bahrain 1.71 % change on previous year compare
- 98 Lesotho 1.51 % change on previous year compare
More economy & growth data for Greenland
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 24,400 current US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- General government final consumption expenditure (current LCU) 3.81 % change on previous year (2023)
- Final consumption expenditure (current LCU), per capita 299,448 current LCU per person (2023)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.24 % change on previous year (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is terms of trade adjustment (constant lcu), annual growth rate in Greenland?
- Terms of trade adjustment (constant lcu), annual growth rate in Greenland was 2.25 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Greenland?
- The highest recorded value was 286.18 % change on previous year in 2015.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Greenland?
- The lowest recorded value was -480.24 % change on previous year in 2008.
- How does Greenland rank for terms of trade adjustment (constant lcu), annual growth rate?
- Greenland ranks 95th out of 178 countries with data for 2023.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Greenland?
- Over the last ten years it is up 25.6%. 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 Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment 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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.