Trade as a share of GDP in Greenland
Greenland: Trade as a share of GDP was 91.9% in 2023. ▼ Falling
Trade as a share of GDP in Greenland, 2003–2023
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for trade as a share of gdp in Greenland is 91.9%, measured in 2023.
The figure is down 1.6% on the previous year and down 4.2% over ten years.
Over the whole period, trade as a share of gdp in Greenland peaked at 130.5% in 2011 and was at its lowest, 82.7%, in 2020.
Greenland ranks 81st of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Trade as a share of GDP in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 87.3% | — |
| 2004 | 88.2% | +1.0% |
| 2005 | 99.7% | +13.1% |
| 2006 | 89.7% | -10.0% |
| 2007 | 95.0% | +5.9% |
| 2008 | 107.4% | +13.1% |
| 2009 | 85.8% | -20.1% |
| 2010 | 110.5% | +28.8% |
| 2011 | 130.5% | +18.2% |
| 2012 | 101.0% | -22.7% |
| 2013 | 95.9% | -5.0% |
| 2014 | 87.1% | -9.2% |
| 2015 | 83.1% | -4.6% |
| 2016 | 85.8% | +3.3% |
| 2017 | 84.2% | -1.9% |
| 2018 | 89.8% | +6.6% |
| 2019 | 92.2% | +2.7% |
| 2020 | 82.7% | -10.3% |
| 2021 | 83.7% | +1.2% |
| 2022 | 93.4% | +11.6% |
| 2023 | 91.9% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.3% | 85.8% | 107.4% | 7 |
| 2010s | 96.0% | 83.1% | 130.5% | 10 |
| 2020s | 87.9% | 82.7% | 93.4% | 4 |
Countries ranked near Greenland
- 78 Micronesia (country) 93.1% compare
- 79 Republic of Moldova 92.7% compare
- 80 Kyrgyzstan 92.4% compare
- 82 Congo 91.7% compare
- 83 Honduras 91.5% compare
- 84 Suriname 91.0% compare
More economy & growth data for Greenland
- GNI (current US$), per capita 36,110 current US$ per person (2007)
- Gdp worldbank constant usd, per unit of GDP 0.8535 units per US$ of GDP (2023)
- Gdp worldbank constant usd, per capita 49,930 units per person (2023)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Manufacturing value added to gdp, per capita 0 units per person (2023)
- GNI (current LCU), annual growth rate 12.79 % change on previous year (2007)
- GNI, Atlas method (current US$), annual growth rate 14.64 % change on previous year (2007)
- GNI, Atlas method (current US$), per unit of GDP 0.8747 current US$ per US$ of GDP (2007)
- GNI, Atlas method (current US$), per capita 34,797 current US$ per person (2007)
Frequently asked questions
- What is trade as a share of gdp in Greenland?
- Trade as a share of gdp in Greenland was 91.9% in 2023, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest trade as a share of gdp recorded in Greenland?
- The highest recorded value was 130.5% in 2011.
- What is the lowest trade as a share of gdp recorded in Greenland?
- The lowest recorded value was 82.7% in 2020.
- How does Greenland rank for trade as a share of gdp?
- Greenland ranks 81st out of 191 countries with data for 2023.
- Is trade as a share of gdp rising or falling in Greenland?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Trade in goods and services as a share of GDP, shown as a percentage.