General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 7.60 billion constant LCU 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 LCU.
Analysis
The most recent figure for general government final consumption expenditure in Greenland is 7.60 billion constant LCU, measured in 2023.
That represents a change of 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 7.62 billion constant LCU in 2019 and was at its lowest, 5.72 billion constant LCU, in 2005.
Greenland ranks 143rd of 175 countries on this measure, 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 | 6.06 billion constant LCU | 5.72 billion constant LCU | 6.76 billion constant LCU | 7 |
| 2010s | 6.96 billion constant LCU | 6.59 billion constant LCU | 7.62 billion constant LCU | 10 |
| 2020s | 7.50 billion constant LCU | 7.40 billion constant LCU | 7.60 billion constant LCU | 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 7.60 billion constant LCU 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 7.62 billion constant LCU in 2019.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 5.72 billion constant LCU in 2005.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 143rd out of 175 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 LCU). 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 varies by country. This series is expressed in local currency units.