Trade in Greenland
Greenland: Trade was 91.9% in 2023. ▼ Falling
Trade in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Greenland recorded 91.9% for trade in 2023.
Compared with earlier readings it is down 1.6% on the previous year and down 4.2% over ten years.
Over the whole period, trade in Greenland peaked at 130.5% in 2011 and was at its lowest, 82.7%, in 2020.
Greenland ranks 82nd of 192 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 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
More economy & growth data for Greenland
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (2023)
- Domestic currency per US dollar (End-of-period (EoP)) 7.05 (2016)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 9.48 (2016)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Taxes less subsidies on products (current LCU), per capita 16,154 current LCU per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 4.97 % change on previous year (2023)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0401 current US$ per US$ of GDP (2023)
- Taxes less subsidies on products (current US$), per capita 2,345 current US$ per person (2023)
- GDP (constant LCU), per unit of GDP 4.89 constant LCU per US$ of GDP (2023)
- GDP (constant LCU), per capita 285,947 constant LCU per person (2023)
Frequently asked questions
- What is trade in Greenland?
- Trade in Greenland was 91.9% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Greenland?
- The highest recorded value was 130.5% in 2011.
- What is the lowest trade recorded in Greenland?
- The lowest recorded value was 82.7% in 2020.
- How does Greenland rank for trade?
- Greenland ranks 82nd out of 192 countries with data for 2023.
- Is trade 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.