General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 1.22 billion constant 2015 US$ in 2023. ▲ Rising
General government final consumption expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2023, general government final consumption expenditure in Greenland stood at 1.22 billion constant 2015 US$.
The figure is up 2.2% on the previous year and up 9.7% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 1.22 billion constant 2015 US$ in 2019 and was at its lowest, 919.93 million constant 2015 US$, in 2005.
That places Greenland 136th out of 167 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 973.77 million constant 2015 US$ | 919.93 million constant 2015 US$ | 1.09 billion constant 2015 US$ | 7 |
| 2010s | 1.12 billion constant 2015 US$ | 1.06 billion constant 2015 US$ | 1.22 billion constant 2015 US$ | 10 |
| 2020s | 1.21 billion constant 2015 US$ | 1.19 billion constant 2015 US$ | 1.22 billion constant 2015 US$ | 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 general government final consumption expenditure in Greenland?
- General government final consumption expenditure in Greenland was 1.22 billion constant 2015 US$ in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Greenland?
- The highest recorded value was 1.22 billion constant 2015 US$ in 2019.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 919.93 million constant 2015 US$ in 2005.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 136th out of 167 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 9.7%. 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 General government final consumption expenditure (constant 2015 US$). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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 is 2015. This indicator is expressed in United States dollars.