General government final consumption expenditure in Greenland
Greenland: General government final consumption expenditure was 1.39 billion current 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 current US$.
Analysis
In 2023, general government final consumption expenditure in Greenland stood at 1.39 billion current US$.
That represents a change of up 6.6% on the previous year and up 8.0% over ten years.
Over the whole period, general government final consumption expenditure in Greenland peaked at 1.46 billion current US$ in 2021 and was at its lowest, 742.28 million current US$, in 2003.
That places Greenland 148th out of 186 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 973.23 million current US$ | 742.28 million current US$ | 1.23 billion current US$ | 7 |
| 2010s | 1.23 billion current US$ | 1.10 billion current US$ | 1.32 billion current US$ | 10 |
| 2020s | 1.37 billion current US$ | 1.30 billion current US$ | 1.46 billion current US$ | 4 |
Countries ranked near Greenland
- 145 Tajikistan 1.63 billion current US$ compare
- 146 Montenegro 1.61 billion current US$ compare
- 147 United States Virgin Islands 1.61 billion current US$ compare
- 149 Togo 1.30 billion current US$ compare
- 150 Lebanon 1.27 billion current US$ compare
- 151 Maldives 1.23 billion current US$ 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 general government final consumption expenditure in Greenland?
- General government final consumption expenditure in Greenland was 1.39 billion current 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 1.46 billion current US$ in 2021.
- What is the lowest general government final consumption expenditure recorded in Greenland?
- The lowest recorded value was 742.28 million current US$ in 2003.
- How does Greenland rank for general government final consumption expenditure?
- Greenland ranks 148th out of 186 countries with data for 2023.
- Is general government final consumption expenditure rising or falling in Greenland?
- Over the last ten years it is up 8.0%. 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 (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.