Value Added (Total Manufacturing) — Value Standard Local Currency in Greenland
Greenland: Value Added (Total Manufacturing) — Value Standard Local Currency was 487.47 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Greenland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Greenland recorded 487.47 million SLC for value added (total manufacturing) — value standard local currency in 2023.
The figure is up 10.3% on the previous year and down 5.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Greenland peaked at 810.1 million SLC in 2016 and was at its lowest, 248.47 million SLC, in 1970.
That places Greenland 165th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Greenland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 248.47 million SLC | — |
| 1971 | 280.92 million SLC | +13.1% |
| 1972 | 298.27 million SLC | +6.2% |
| 1973 | 318.57 million SLC | +6.8% |
| 1974 | 336.75 million SLC | +5.7% |
| 1975 | 338.93 million SLC | +0.6% |
| 1976 | 359.12 million SLC | +6.0% |
| 1977 | 390.81 million SLC | +8.8% |
| 1978 | 414.32 million SLC | +6.0% |
| 1979 | 434.46 million SLC | +4.9% |
| 1980 | 472.15 million SLC | +8.7% |
| 1981 | 475.29 million SLC | +0.7% |
| 1982 | 454.29 million SLC | -4.4% |
| 1983 | 469.99 million SLC | +3.5% |
| 1984 | 445.65 million SLC | -5.2% |
| 1985 | 461.94 million SLC | +3.7% |
| 1986 | 494.72 million SLC | +7.1% |
| 1987 | 522.02 million SLC | +5.5% |
| 1988 | 551.27 million SLC | +5.6% |
| 1989 | 587.96 million SLC | +6.7% |
| 1990 | 519.11 million SLC | -11.7% |
| 1991 | 518.46 million SLC | -0.1% |
| 1992 | 491.91 million SLC | -5.1% |
| 1993 | 467.45 million SLC | -5.0% |
| 1994 | 494.7 million SLC | +5.8% |
| 1995 | 513.16 million SLC | +3.7% |
| 1996 | 522.39 million SLC | +1.8% |
| 1997 | 527.2 million SLC | +0.9% |
| 1998 | 569.73 million SLC | +8.1% |
| 1999 | 583.67 million SLC | +2.4% |
| 2000 | 606.76 million SLC | +4.0% |
| 2001 | 631.84 million SLC | +4.1% |
| 2002 | 646.52 million SLC | +2.3% |
| 2003 | 551.21 million SLC | -14.7% |
| 2004 | 678.63 million SLC | +23.1% |
| 2005 | 729.48 million SLC | +7.5% |
| 2006 | 381.43 million SLC | -47.7% |
| 2007 | 463.59 million SLC | +21.5% |
| 2008 | 573.79 million SLC | +23.8% |
| 2009 | 392.59 million SLC | -31.6% |
| 2010 | 374.06 million SLC | -4.7% |
| 2011 | 450.22 million SLC | +20.4% |
| 2012 | 495.88 million SLC | +10.1% |
| 2013 | 517.88 million SLC | +4.4% |
| 2014 | 754.46 million SLC | +45.7% |
| 2015 | 682.6 million SLC | -9.5% |
| 2016 | 810.1 million SLC | +18.7% |
| 2017 | 334.79 million SLC | -58.7% |
| 2018 | 370.33 million SLC | +10.6% |
| 2019 | 329.22 million SLC | -11.1% |
| 2020 | 405.69 million SLC | +23.2% |
| 2021 | 422.81 million SLC | +4.2% |
| 2022 | 441.91 million SLC | +4.5% |
| 2023 | 487.47 million SLC | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 342.06 million SLC | 248.47 million SLC | 434.46 million SLC | 10 |
| 1980s | 493.53 million SLC | 445.65 million SLC | 587.96 million SLC | 10 |
| 1990s | 520.78 million SLC | 467.45 million SLC | 583.67 million SLC | 10 |
| 2000s | 565.58 million SLC | 381.43 million SLC | 729.48 million SLC | 10 |
| 2010s | 511.95 million SLC | 329.22 million SLC | 810.1 million SLC | 10 |
| 2020s | 439.47 million SLC | 405.69 million SLC | 487.47 million SLC | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- 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 LCU), per capita 16,154 current LCU per person (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2761 current LCU per US$ of GDP (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$), per capita 2,345 current US$ per person (2023)
- Net primary income (Net income from abroad) (current LCU), annual 46.56 % change on previous year (2007)
- GNI (current LCU), per unit of GDP 4.94 current LCU per US$ of GDP (2007)
- Net primary income (Net income from abroad) (current US$), annual 41.62 % change on previous year (2007)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.1055 (2016)
- Taxes less subsidies on products (current US$), annual growth rate 7.81 % change on previous year (2023)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Greenland?
- Value added (total manufacturing) — value standard local currency in Greenland was 487.47 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Greenland?
- The highest recorded value was 810.1 million SLC in 2016.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Greenland?
- The lowest recorded value was 248.47 million SLC in 1970.
- How does Greenland rank for value added (total manufacturing) — value standard local currency?
- Greenland ranks 165th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Greenland?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).