GDP, PPP in Greenland
Greenland: GDP, PPP was 4.49 billion current international $ in 2023. ▲ Rising
GDP, PPP in Greenland, 1990–2023
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2023, gdp, ppp in Greenland stood at 4.49 billion current international $. That is the highest value across all 34 years on record.
That represents a change of up 4.6% on the previous year and up 50.2% over ten years.
Over the whole period, gdp, ppp in Greenland peaked at 4.49 billion current international $ in 2023 and was at its lowest, 1.11 billion current international $, in 1993.
That places Greenland 181st out of 203 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.27 billion current international $ | 1.11 billion current international $ | 1.52 billion current international $ | 10 |
| 2000s | 2.16 billion current international $ | 1.66 billion current international $ | 2.76 billion current international $ | 10 |
| 2010s | 3.18 billion current international $ | 2.84 billion current international $ | 3.61 billion current international $ | 10 |
| 2020s | 4.09 billion current international $ | 3.66 billion current international $ | 4.49 billion current international $ | 4 |
Countries ranked near Greenland
- 178 Eritrea 5.22 billion current international $ compare
- 179 Saint Lucia 5.17 billion current international $ compare
- 180 Curacao 5.11 billion current international $ compare
- 182 Faroe Islands 4.49 billion current international $ compare
- 183 Seychelles 4.40 billion current international $ compare
- 184 Comoros 3.74 billion current international $ 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 gdp, ppp in Greenland?
- Gdp, ppp in Greenland was 4.49 billion current international $ in 2023, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Greenland?
- The highest recorded value was 4.49 billion current international $ in 2023.
- What is the lowest gdp, ppp recorded in Greenland?
- The lowest recorded value was 1.11 billion current international $ in 1993.
- How does Greenland rank for gdp, ppp?
- Greenland ranks 181st out of 203 countries with data for 2023.
- Is gdp, ppp rising or falling in Greenland?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.