External balance on goods and services in Greenland
Greenland: External balance on goods and services was -4.64 billion constant LCU in 2023. ▲ Rising
External balance on goods and services in Greenland, 2010–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in Greenland is -4.64 billion constant LCU, measured in 2023.
That represents a change of up 3.8% on the previous year and down 37.4% over ten years.
Over the whole period, external balance on goods and services in Greenland peaked at -1.85 billion constant LCU in 2014 and was at its lowest, -7.70 billion constant LCU, in 2011.
Greenland ranks 87th of 161 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -3.72 billion constant LCU | -7.70 billion constant LCU | -1.85 billion constant LCU | 10 |
| 2020s | -4.62 billion constant LCU | -4.94 billion constant LCU | -4.08 billion constant LCU | 4 |
Countries ranked near Greenland
- 84 Palestine -3.92 billion constant LCU compare
- 85 Seychelles -4.14 billion constant LCU compare
- 86 Croatia -4.21 billion constant LCU compare
- 88 Solomon Islands -4.73 billion constant LCU compare
- 89 Bosnia and Herzegovina -5.73 billion constant LCU compare
- 90 El Salvador -6.80 billion constant LCU compare
More economy & growth data for Greenland
- Services, value added 2.2% (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Industry (including construction), value added 18.4% (2023)
- Services, value added 2.03 billion current US$ (2023)
- Services, value added 13.98 billion current LCU (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Discrepancy in expenditure estimate of GDP 0 current LCU (2023)
- GDP deflator 140.95 base year varies by country (2023)
- Inflation, GDP deflator 1.9% (2023)
Frequently asked questions
- What is external balance on goods and services in Greenland?
- External balance on goods and services in Greenland was -4.64 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Greenland?
- The highest recorded value was -1.85 billion constant LCU in 2014.
- What is the lowest external balance on goods and services recorded in Greenland?
- The lowest recorded value was -7.70 billion constant LCU in 2011.
- How does Greenland rank for external balance on goods and services?
- Greenland ranks 87th out of 161 countries with data for 2023.
- Is external balance on goods and services rising or falling in Greenland?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is rising.
- 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 External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.