Final consumption expenditure in Greenland
Greenland: Final consumption expenditure was 1.2% in 2023. ◆ Volatile
Final consumption expenditure in Greenland, 2004–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2023, final consumption expenditure in Greenland stood at 1.2%.
Compared with earlier readings it is up 271.2% on the previous year and down 22.8% over ten years.
Over the whole period, final consumption expenditure in Greenland peaked at 5.1% in 2004 and was at its lowest, -1.7%, in 2020.
That places Greenland 146th out of 175 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 0.8% | 5.1% | 6 |
| 2010s | 0.8% | -1.5% | 2.4% | 10 |
| 2020s | 0.4% | -1.7% | 2.7% | 4 |
Countries ranked near Greenland
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 final consumption expenditure in Greenland?
- Final consumption expenditure in Greenland was 1.2% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Greenland?
- The highest recorded value was 5.1% in 2004.
- What is the lowest final consumption expenditure recorded in Greenland?
- The lowest recorded value was -1.7% in 2020.
- How does Greenland rank for final consumption expenditure?
- Greenland ranks 146th out of 175 countries with data for 2023.
- Is final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is down 22.8%. The long-run trend across the full record is volatile.
- 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 Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.