Value Added (Total Manufacturing) — Value Standard Local Currency in Greenland
Greenland: Value Added (Total Manufacturing) — Value Standard Local Currency was 662.33 million SLC in 2023. ◆ Volatile
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 662.33 million SLC for value added (total manufacturing) — value standard local currency in 2023.
That represents a change of down 0.1% on the previous year and down 13.4% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Greenland peaked at 989.4 million SLC in 2018 and was at its lowest, 41.45 million SLC, in 1970.
That places Greenland 194th out of 231 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 (Total Manufacturing) — Value Standard Local Currency in Greenland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 41.45 million SLC | — |
| 1971 | 52.23 million SLC | +26.0% |
| 1972 | 58.62 million SLC | +12.2% |
| 1973 | 67.4 million SLC | +15.0% |
| 1974 | 82.33 million SLC | +22.1% |
| 1975 | 96.47 million SLC | +17.2% |
| 1976 | 115.71 million SLC | +19.9% |
| 1977 | 134.71 million SLC | +16.4% |
| 1978 | 156.06 million SLC | +15.9% |
| 1979 | 175.93 million SLC | +12.7% |
| 1980 | 213.29 million SLC | +21.2% |
| 1981 | 246.76 million SLC | +15.7% |
| 1982 | 266.56 million SLC | +8.0% |
| 1983 | 302.57 million SLC | +13.5% |
| 1984 | 312.35 million SLC | +3.2% |
| 1985 | 347.8 million SLC | +11.4% |
| 1986 | 387.87 million SLC | +11.5% |
| 1987 | 428.18 million SLC | +10.4% |
| 1988 | 480.88 million SLC | +12.3% |
| 1989 | 540.32 million SLC | +12.4% |
| 1990 | 501.35 million SLC | -7.2% |
| 1991 | 516.87 million SLC | +3.1% |
| 1992 | 497.98 million SLC | -3.7% |
| 1993 | 478.15 million SLC | -4.0% |
| 1994 | 508.39 million SLC | +6.3% |
| 1995 | 538.21 million SLC | +5.9% |
| 1996 | 553.26 million SLC | +2.8% |
| 1997 | 561.13 million SLC | +1.4% |
| 1998 | 612.33 million SLC | +9.1% |
| 1999 | 633.96 million SLC | +3.5% |
| 2000 | 672.95 million SLC | +6.1% |
| 2001 | 724.61 million SLC | +7.7% |
| 2002 | 764.45 million SLC | +5.5% |
| 2003 | 665.7 million SLC | -12.9% |
| 2004 | 867.2 million SLC | +30.3% |
| 2005 | 922.2 million SLC | +6.3% |
| 2006 | 835.2 million SLC | -9.4% |
| 2007 | 713.9 million SLC | -14.5% |
| 2008 | 777.1 million SLC | +8.9% |
| 2009 | 641.9 million SLC | -17.4% |
| 2010 | 611.5 million SLC | -4.7% |
| 2011 | 765.2 million SLC | +25.1% |
| 2012 | 784.3 million SLC | +2.5% |
| 2013 | 764.4 million SLC | -2.5% |
| 2014 | 696.1 million SLC | -8.9% |
| 2015 | 682.6 million SLC | -1.9% |
| 2016 | 833.6 million SLC | +22.1% |
| 2017 | 477.5 million SLC | -42.7% |
| 2018 | 989.4 million SLC | +107.2% |
| 2019 | 664 million SLC | -32.9% |
| 2020 | 681 million SLC | +2.6% |
| 2021 | 591.3 million SLC | -13.2% |
| 2022 | 662.9 million SLC | +12.1% |
| 2023 | 662.33 million SLC | -0.1% |
Greenland compared with similar countries
- Greenland's 662.33 million SLC is below the median for high income countries, which is 31,737 million SLC, 2% of the median. (73 countries reporting)
- Greenland's 662.33 million SLC is below the median for Europe & Central Asia, which is 71,112 million SLC, 1% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total 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 |
|---|---|---|---|
| 2018 | +107.2% | 477.5 million SLC | 989.4 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 98.09 million SLC | 41.45 million SLC | 175.93 million SLC | 10 |
| 1980s | 352.66 million SLC | 213.29 million SLC | 540.32 million SLC | 10 |
| 1990s | 540.16 million SLC | 478.15 million SLC | 633.96 million SLC | 10 |
| 2000s | 758.52 million SLC | 641.9 million SLC | 922.2 million SLC | 10 |
| 2010s | 726.86 million SLC | 477.5 million SLC | 989.4 million SLC | 10 |
| 2020s | 649.38 million SLC | 591.3 million SLC | 681 million SLC | 4 |
Countries ranked near Greenland
- 191 Fiji 1,146 million SLC compare
- 192 Sao Tome and Principe 899.47 million SLC compare
- 193 Barbados 752.15 million SLC compare
- 195 San Marino 616.9 million SLC compare
- 196 Netherlands Antilles (former) 422.75 million SLC compare
- 197 Belize 360.05 million SLC compare
More economy & growth data for Greenland
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ 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 unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % 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 662.33 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 989.4 million SLC in 2018.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Greenland?
- The lowest recorded value was 41.45 million SLC in 1970.
- How does Greenland rank for value added (total manufacturing) — value standard local currency?
- Greenland ranks 194th out of 231 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 13.4%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).