Value Added Deflator (Manufacturing) — Value Standard Local Currency in Greenland
Greenland: Value Added Deflator (Manufacturing) — Value Standard Local Currency was -9.42 % change on previous year in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Greenland, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Greenland recorded -9.42 % change on previous year for value added deflator (manufacturing) — value standard local currency in 2023.
Compared with earlier readings it is down 229.7% on the previous year and down 41.1% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Greenland peaked at 87.32 % change on previous year in 2018 and was at its lowest, -37.49 % change on previous year, in 2014.
That places Greenland 198th out of 209 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Greenland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.45 % change on previous year | — |
| 1972 | 5.7 % change on previous year | -50.2% |
| 1973 | 7.66 % change on previous year | +34.5% |
| 1974 | 15.55 % change on previous year | +103.0% |
| 1975 | 16.43 % change on previous year | +5.6% |
| 1976 | 13.19 % change on previous year | -19.7% |
| 1977 | 6.98 % change on previous year | -47.1% |
| 1978 | 9.28 % change on previous year | +32.9% |
| 1979 | 7.5 % change on previous year | -19.1% |
| 1980 | 11.56 % change on previous year | +54.1% |
| 1981 | 14.93 % change on previous year | +29.1% |
| 1982 | 13.02 % change on previous year | -12.8% |
| 1983 | 9.72 % change on previous year | -25.3% |
| 1984 | 8.87 % change on previous year | -8.7% |
| 1985 | 7.42 % change on previous year | -16.3% |
| 1986 | 4.13 % change on previous year | -44.4% |
| 1987 | 4.62 % change on previous year | +11.9% |
| 1988 | 6.35 % change on previous year | +37.4% |
| 1989 | 5.35 % change on previous year | -15.8% |
| 1990 | 5.09 % change on previous year | -4.8% |
| 1991 | 3.23 % change on previous year | -36.7% |
| 1992 | 1.55 % change on previous year | -52.1% |
| 1993 | 1.04 % change on previous year | -32.6% |
| 1994 | 0.4683 % change on previous year | -55.1% |
| 1995 | 2.06 % change on previous year | +339.1% |
| 1996 | 0.9802 % change on previous year | -52.3% |
| 1997 | 0.4967 % change on previous year | -49.3% |
| 1998 | 0.979 % change on previous year | +97.1% |
| 1999 | 1.06 % change on previous year | +8.2% |
| 2000 | 2.11 % change on previous year | +99.1% |
| 2001 | 3.4 % change on previous year | +61.3% |
| 2002 | 3.1 % change on previous year | -8.8% |
| 2003 | 2.14 % change on previous year | -31.0% |
| 2004 | 5.81 % change on previous year | +171.4% |
| 2005 | -1.07 % change on previous year | -118.4% |
| 2006 | 73.21 % change on previous year | -6938.4% |
| 2007 | -29.67 % change on previous year | -140.5% |
| 2008 | -12.05 % change on previous year | -59.4% |
| 2009 | 20.73 % change on previous year | -272.0% |
| 2010 | -0.0159 % change on previous year | -100.1% |
| 2011 | 3.97 % change on previous year | -25046.4% |
| 2012 | -6.94 % change on previous year | -275.0% |
| 2013 | -6.68 % change on previous year | -3.8% |
| 2014 | -37.49 % change on previous year | +461.4% |
| 2015 | 8.38 % change on previous year | -122.4% |
| 2016 | 2.9 % change on previous year | -65.4% |
| 2017 | 38.61 % change on previous year | +1230.8% |
| 2018 | 87.32 % change on previous year | +126.2% |
| 2019 | -24.51 % change on previous year | -128.1% |
| 2020 | -16.77 % change on previous year | -31.6% |
| 2021 | -16.69 % change on previous year | -0.5% |
| 2022 | 7.26 % change on previous year | -143.5% |
| 2023 | -9.42 % change on previous year | -229.7% |
Greenland compared with similar countries
- Greenland's -9.42 % change on previous year is below the median for high income countries, which is 4.9 % change on previous year. (68 countries reporting)
- Greenland's -9.42 % change on previous year is below the median for Europe & Central Asia, which is 5.11 % change on previous year. (48 countries reporting)
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency 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 |
|---|---|---|---|
| 2011 | +25046.4% | -0.0159 % change on previous year | 3.97 % change on previous year |
| 2006 | +6938.4% | -1.07 % change on previous year | 73.21 % change on previous year |
| 2017 | +1230.8% | 2.9 % change on previous year | 38.61 % change on previous year |
| 2014 | -461.4% | -6.68 % change on previous year | -37.49 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.42 % change on previous year | 5.7 % change on previous year | 16.43 % change on previous year | 9 |
| 1980s | 8.6 % change on previous year | 4.13 % change on previous year | 14.93 % change on previous year | 10 |
| 1990s | 1.69 % change on previous year | 0.4683 % change on previous year | 5.09 % change on previous year | 10 |
| 2000s | 6.77 % change on previous year | -29.67 % change on previous year | 73.21 % change on previous year | 10 |
| 2010s | 6.55 % change on previous year | -37.49 % change on previous year | 87.32 % change on previous year | 10 |
| 2020s | -8.91 % change on previous year | -16.77 % change on previous year | 7.26 % change on previous year | 4 |
Countries ranked near Greenland
- 195 Azerbaijan -8.56 % change on previous year compare
- 196 Luxembourg -8.62 % change on previous year compare
- 197 Oman -8.7 % change on previous year compare
- 199 Georgia -9.46 % change on previous year compare
- 200 Bahrain -9.93 % change on previous year compare
- 201 Zimbabwe -10.02 % change on previous year compare
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 value added deflator (manufacturing) — value standard local currency in Greenland?
- Value added deflator (manufacturing) — value standard local currency in Greenland was -9.42 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Greenland?
- The highest recorded value was 87.32 % change on previous year in 2018.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Greenland?
- The lowest recorded value was -37.49 % change on previous year in 2014.
- How does Greenland rank for value added deflator (manufacturing) — value standard local currency?
- Greenland ranks 198th out of 209 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Greenland?
- Over the last ten years it is down 41.1%. 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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added Deflator (Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.